Fabrinet (FN) Down 22.3% Since Last Earnings Report: Can It Rebound?

Fabrinet shares have declined 22.3% since its Q4 fiscal 2026 earnings report, despite beating estimates with non-GAAP EPS of $4.10 (up 54.7% YoY) and revenues of $1.316 billion (up 44.6% YoY). Data center revenues surged 68% YoY to become the largest segment at 51% of sales, with DCI reaching over $1 billion annualized run rate. The company projects Q1 FY2027 revenues of $1.375-$1.425 billion with continued broad-based growth, and has a Zacks Rank #2 (Buy) rating with upward estimate revisions.