๐ Fabrinet $FN tumbles ~9% premarket โ earnings beat, but margins and cash flow spooked traders
Fabrinet crushed Q4 FY2026 estimates โ revenue $1.316B vs $1.27B expected, EPS $4.10 vs $3.81 โ yet the stock is getting punished. The problem: gross margin slipped 30 bps YoY, free cash flow went negative at -$37M as the company ramps capex for capacity expansion in Thailand and California, and sequential EPS is guided lower. Classic beat with strings attached. Not financial advice. Do you buy the dip on a data-center optical play, or wait for margins to stabilize?
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