Fabrinet (FN) Stock Falls Over 7% After Hours: Why Is It Trending?

Fabrinet (NYSE:FN) shares tumbled 7.05% in Monday’s after-hours trading and were seen trending overnight.

The stock closed Monday’s regular session up 4.97% at $598.58 before falling 7.05% to $556.40 in after-hours trading.

Fabrinet provides advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products.

Fabrinet Reports Fiscal 2026 Results

Fabrinet announced financial results for its fourth quarter and fiscal year ended June 26, 2026, on Monday.

Fourth-quarter fiscal 2026 revenue was $1.3158 billion, compared with $909.7 million in the fourth quarter of fiscal 2025.

GAAP net income for the fourth quarter was $139.3 million, compared with $87.2 million a year earlier.

GAAP net income per diluted share was $3.83, compared with $2.42 in the fourth quarter of fiscal 2025.

Non-GAAP net income was $149.1 million, compared with $95.6 million a year earlier, while non-GAAP net income per diluted share was $4.10, compared with $2.65.

Fiscal Year Revenue Reaches $4.64 Billion

For fiscal year 2026, Fabrinet reported revenue of $4.64 billion, compared with $3.42 billion in fiscal year 2025.

GAAP net income was $473.0 million, compared with $332.5 million in fiscal year 2025.

GAAP net income per diluted share was $13.05, compared with $9.17 a year earlier.

Non-GAAP net income was $510.9 million, compared with $368.8 million, while non-GAAP net income per diluted share was $14.09, compared with $10.17.

First-Quarter Fiscal 2027 Guidance

For the first fiscal quarter ending Sept. 25, 2026, Fabrinet expects revenue between $1.375 billion and $1.425 billion.

The company expects GAAP net income per diluted share between $3.39 and $3.54, based on approximately 36.3 million fully diluted shares outstanding.

Non-GAAP net income per diluted share is expected to be between $4.10 and $4.25, based on approximately 36.3 million fully diluted shares outstanding.

Fabrinet said its non-GAAP guidance excludes share-based compensation expenses and certain non-recurring items.

Price Action

Fabrinet has a market capitalization of approximately $21.45 billion.

The stock has a 52-week high of $748.89 and a 52-week low of $272.49. FN shares were up 82.98% over the past year.

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