On August 18, Fabrinet fell 8.29% in pre-market trading, trading at 548.9 USD/share, with turnover of 59.42 thousand USD. The decline follows the company's fiscal Q4 earnings release after the prior session's close.

Fabrinet reported fiscal Q4 adjusted earnings of $4.10 per diluted share, up 54.72% year-over-year, beating the analyst consensus estimate of $3.82. Revenue reached a record $1.316 billion, up 45% from $909.7 million a year earlier, exceeding the $1.275 billion estimate. For fiscal Q1, the company guided revenue of $1.38 billion to $1.43 billion and adjusted EPS of $4.10 to $4.25, both above consensus expectations of $1.32 billion and $3.98, respectively. Data center revenue share exceeded 50% for the first time, marking a key structural shift.

Despite the earnings and guidance beat, Fabrinet shares have surged approximately 81.5% over the past 12 months with over 30% gains in August alone, pushing the P/E ratio to 51.35x. The elevated valuation combined with outsized prior gains triggered profit-taking pressure, causing the stock to reverse from an initial post-earnings gain of nearly 7% into a significant decline, also dragging down broader optical communications stocks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)