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FN · Analysis updated Nov 3, 2026, 9:02 AM ET
Why is Fabrinet (FN) stock moving?
Fabrinet shares fell sharply over the past month, from about $393 on Oct 14 to about $315 on Nov 2. That is roughly a 20% drop. The low was $305.63 on Oct 23. A rebound to $367 on Oct 28 did not hold. Volume was elevated on the recent down days, which points to heavy selling pressure. After the close on Nov 2, Fabrinet reported fiscal Q1 2027 results that beat expectations. Revenue was $1.474B, up 51% year over year, and non-GAAP EPS was $4.34 against a consensus of about $4.19. Q2 guidance was well above consensus: revenue of $1.6-$1.65B and EPS of $4.77-$4.92. Management also pointed to broad-based data center demand and a large capacity expansion plan. Shares rose about 13% in extended trading to roughly $355. Analyst sentiment is positive, with 7 Buy ratings and no Sells. The risks are the volatile tape, the market's sensitivity to AI-related stocks, and customer concentration. The fundamental news is clearly positive, but the stock's reaction in regular trading is unconfirmed. Near-term resistance sits around $345-$367, and support is around $305-$315.
News behind the analysis
- Fabrinet (NYSE:FN) Releases Q2 2027 Earnings GuidanceFabrinet guided Q2 FY2027 EPS to $4.77-$4.92 versus a consensus of about $4.39. It also guided revenue to $1.6-$1.7 billion.
- Fabrinet earnings beat by $0.15, revenue topped estimatesQ1 EPS was $4.34 against an estimate of $4.19. Revenue was $1.47B against a consensus of $1.4B.
- Fabrinet Stock Jumps on Q1 Earnings Double Beat, Strong GuidanceShares rose about 12.8% in extended trading on Monday after the results. Management cited broad-based demand across several major programs and new product ramps.
- Fabrinet (FN) Q1 2027 Earnings Call Highlights: Record 51% Revenue Growth and $10 Billion Capacity PushQ1 revenue was $1.474B, up 51% year over year. This was the 14th straight quarter of growth. The call also covered a large capacity expansion plan.
- Fabrinet Q1 2027 Earnings Call TranscriptThe transcript of the Q1 FY2027 call. Q2 guidance is revenue of $1.6-$1.65B and non-GAAP EPS of $4.77-$4.92.
- Fabrinet Q1 Earnings: Revenue Rises 51% to $1.47BQ2 revenue is expected at $1.6-$1.65B. Non-GAAP EPS rose to $4.34 from $2.92 a year earlier.
- Fabrinet (FN) Fiscal Q1 2027 Earnings Call: Revenue Rises 51%, Q2 Outlook StrengthensManagement pointed to broad-based data center demand and growth across all segments. It guided Q2 revenue to $1.6-$1.65B.
- Fabrinet (FN) Earnings Date and Reports 2026Fabrinet reported Q1 FY2027 on November 2, 2026, with EPS of $4.34, ahead of consensus. The page also lists guidance and estimate data.
- Fabrinet Stock Price TodayQuotes and analyst data for FN. 7 analysts rate it Buy and none rate it Sell, with substantial implied upside to targets.