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Fabrinet

FN · NYSE

Market closed$478.39$18.20 (+3.95%)After hours $476.00 · -0.50%

Key statistics

Previous close$460.19
Open$453.27
Day high$479.22
Day low$441.75
52-week high$748.89
52-week low$272.49
Market cap17.14B
Volume954.71K
Average volume972.29K
P/E ratio37.82
Forward P/E—
EPS12.65
Dividend yield0.00%

Market context

Why it moved

FN (Fabrinet) surged sharply higher, likely driven by strong investor appetite for optical networking and AI infrastructure suppliers, even as broader markets declined amid a chip-sector selloff and risk-off sentiment on Wall Street.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Fabrinet shares rallied nearly 4%, rebounding sharply after a 5.4% drop the prior session, as investors appeared to rotate back into the AI optical-networking play despite broader semiconductor sector weakness. With no fresh company-specific catalyst, the recovery was driven by renewed confidence in Fabrinet's AI infrastructure exposure, underpinned by its record Q3 revenue of ~$1.21B and Q4 guidance of $1.25B–$1.29B. Analysts maintain a median price target of $691, and a recent Seeking Alpha piece highlighted Fabrinet's relative underperformance versus AI peers as a potential opportunity.

3.9549

July 17, 2026Fabrinet shares tumbled amid a broad semiconductor sector selloff, with chip and AI-linked stocks facing intensified profit-taking as investors question stretched valuations across the industry. The decline adds to a difficult stretch for the stock, which has lagged AI peers year-to-date despite 39% revenue growth and bullish analyst targets as high as $760—with Coherent recently cited as the stronger near-term pick among optical networking peers due to superior backlog visibility and post-correction valuation.

-5.4372

July 16, 2026Fabrinet edged higher amid renewed analyst optimism around its AI infrastructure role, with a Seeking Alpha analysis highlighting the stock as a compelling opportunity given its lagging year-to-date performance despite strong fundamentals. Analysts project a $760 price target — implying ~57% upside — supported by Q3 revenue of $1.21B (+39% YoY) and expectations that Q4 results will beat estimates, while ClearBridge cited it as a core AI networking play. The stock also recently graduated to the Russell 1000, reflecting its growing market cap significance.

0.8016

July 15, 2026Fabrinet shares rose 1.72%, closing at $482.78, with intraday highs touching $502.90, as investors responded to a favorable macro backdrop including a Fed-friendly CPI report showing headline inflation at 3.5% and renewed institutional interest in AI infrastructure plays. A ClearBridge fund highlighted Fabrinet as a key addition to gain exposure to AI networking and data connectivity growth, calling it a 'leading contract manufacturer for optical communications components' benefiting from a generational upcycle in AI compute demand. The stock extended gains in after-hours trading, up an additional 0.64% to $485.89.

1.715

July 11, 2026Fabrinet shares declined amid a broader semiconductor sector pullback, extending losses that began earlier in the week when a chip-driven selloff was triggered by Samsung's record Q2 results sparking demand sustainability concerns and reports of DeepSeek developing its own AI chip. Despite record fiscal Q3 2026 results — including 39% year-over-year revenue growth and a record $628M in telecom revenue — the stock has now fallen roughly 25% from its 52-week high of $748.89, with valuation concerns at over 50x forward P/E weighing on sentiment. Recent Russell 1000 index reclassification and a 5.4% stake disclosure by T. Rowe Price add institutional context, while analysts maintain a bullish consensus with a ~$662 average price target and 32% upside potential.

-2.4131

July 10, 2026Fabrinet edged higher on the session but pulled back sharply from intraday highs near $507, as profit-taking followed the stock's recent Russell index inclusion-driven surge. The stock's addition to the Russell 1000 Growth and Russell Midcap Growth indexes on June 27 sparked mechanical passive buying, though momentum is now cooling amid weaker free cash flow concerns and supply-chain bottlenecks. Longer-term, analysts remain broadly bullish — citing record quarterly revenue of $1.2B (up 39% YoY), expanding AI optical manufacturing capacity, and a consensus price target near $662 — while T. Rowe Price disclosed a fresh 5.4% passive stake as of June 30.

0.5645

July 9, 2026Fabrinet shares rose roughly 2.5% to close at $480.07, rebounding after a steep 6.4% selloff the prior session, even as broader tech and semiconductor stocks faced headwinds from geopolitical risk and AI spending concerns. The stock is gaining recognition as a 'quiet AI revenue accelerator,' with analysts highlighting record quarterly revenue of $1.2 billion (up 39% YoY) and a consensus price target of $661.75, reflecting ~32% upside. Adding to investor attention, T. Rowe Price disclosed a fresh 5.4% stake in the company. However, recent gains have been partly attributed to mechanical index buying following Fabrinet's addition to the Russell 1000 Growth and Russell Midcap Growth indexes, while weaker free cash flow and supply-chain bottlenecks remain near-term concerns.

2.474

July 8, 2026Fabrinet slumped alongside the broader semiconductor sector as Samsung Electronics' blowout Q2 results — operating profit surging ~18-fold — paradoxically triggered a global 'sell-the-news' chip selloff, with peers like Micron falling ~7% and MACOM dropping over 7%. Despite the macro headwinds, analysts remain bullish on Fabrinet, highlighting its record $1.2B quarterly revenue (+39% YoY) and positioning as a quiet AI supply-chain beneficiary, with a consensus price target of ~$662 implying significant upside.

-6.4443

Seeking Alpha · July 15, 2026Fabrinet: A Compelling AI Infrastructure Opportunity (NYSE:FN)Pluang · July 15, 2026Fabrinet stock lags AI peers despite strong gro...24/7 Wall St. · July 3, 2026What Makes Fabrinet a Key Player in the AI Optical Supply ChainInvesting.com · May 5, 2026Fabrinet stock tumbles despite third quarter revenue beat, analysts react
Benzinga · June 3, 2026Here's How Much $1000 Invested In Fabrinet 15 Years Ago Would Be Worth Today
Benzinga · May 19, 2026$1000 Invested In Fabrinet 5 Years Ago Would Be Worth This Much Today
Benzinga · May 7, 2026Here's How Much $100 Invested In Fabrinet 15 Years Ago Would Be Worth Today
Benzinga · May 6, 2026Barclays Maintains Overweight on Fabrinet, Raises Price Target to $702
Benzinga · May 5, 2026JP Morgan Maintains Neutral on Fabrinet, Lowers Price Target to $680
Benzinga · May 5, 2026Fabrinet Posts Record Q3, But Don't Thank Nvidia: Analyst
Benzinga · May 5, 2026These 3 Telecom Stocks Rallied Over 1,000% In A Year: Nvidia Did 75%
Mt Newswire · May 5, 2026B. Riley Adjusts Price Target on Fabrinet to $635 From $452, Maintains Neutral Rating

Peers

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