Fabrinet shares surge 15.00% intraday after beating revenue forecasts by 5.2% and analyst upgrades to Strong Buy.

Fabrinet (FN) surged 15.00% intraday after reporting a 5.2% revenue beat in its latest quarter and receiving multiple analyst upgrades. The company’s results exceeded expectations, with statutory earnings per share (EPS) rising 3.7% above forecasts. Analysts subsequently raised 2026 revenue and EPS estimates, projecting 17% and 20% year-over-year growth, respectively. Concurrently, brokerages including Northland Securities, Wolfe Research, and Rosenblatt Securities upgraded the stock to "Outperform" or reiterated "Buy" ratings, citing strong growth potential in hyperscale demand and capacity expansion. These developments, combined with positive sentiment around its outperformance relative to industry peers, drove the sharp intraday rally despite a prior dip in the stock following mixed post-earnings commentary.