Fabrinet NYSE: FN executives said demand across data center interconnect, datacom, automotive and industrial markets remains strong, with the company expanding manufacturing capacity to support what Chairman and CEO Seamus Grady described as substantial multi-year growth opportunities.
Markets turned south again Wednesday as surging yields and geopolitical fears rattled investors, but Wall Street analysts spotted opportunity and danger in names like Baidu, Klarna, Honeywell Aerospace, and Dollar Tree that traders need to see before the open.
Fabrinet (NYSE: FN) reported record fourth-quarter results for fiscal 2026, with revenue rising 45% year over year to $1.316 billion and non-GAAP earnings per share reaching $4.10, above the company's guidance range. The fiscal fourth quarter ended June 26, 2026. For the full fiscal year, revenue increased 36% to $4.6 billion, while non-GAAP EPS rose 39%
Fabrinet's Q4 results and forward guidance generally looked quite strong. Investors are concerned about high capital expenditures eating into free cash flow.
Shares of Fabrinet (NYSE:FN | FN Price Prediction) are down roughly 20% at midday Tuesday, trading near $476 after the optical manufacturer posted a fiscal Q4 beat but disappointed a market already primed to sell AI infrastructure names.
Citadel Advisors and Millennium Management made notable additions to their Fabrinet (NYSE:FN) positions during the second quarter, according to the latest Form 13F filings.