--- title: "Fabrinet, IQIYI, Hesai Group And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session" type: "News" locale: "en" url: "https://longbridge.com/en/news/296225675.md" description: "US stock futures fell on Tuesday, with Nasdaq 100 futures down 1%. Fabrinet shares dropped 9.1% in pre-market trading despite beating earnings and sales estimates, citing lower first-quarter guidance. Other stocks declining included IQIYI (-8.3%), Hesai Group (-7.8%), Trident Digital Tech (-6.7%), AXT Inc (-6.7%), Aurora Innovation (-6%), Aehr Test Systems (-5.8%), SanDisk (-5.8%), Coherent Corp (-5.6%), Western Digital (-5.6%), ASE Technology (-5.5%), and Voyager Technologies (-5.4%)." datetime: "2026-08-18T12:03:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296225675.md) - [en](https://longbridge.com/en/news/296225675.md) - [zh-HK](https://longbridge.com/zh-HK/news/296225675.md) --- # Fabrinet, IQIYI, Hesai Group And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling around 1% on Tuesday. Shares of **Fabrinet** (NYSE:FN) fell sharply in pre-market trading after the company reported fourth-quarter results. Fabrinet reported quarterly earnings of $4.10 per share which beat the analyst consensus estimate of $3.82 per share. The company reported quarterly sales of $1.316 billion which beat the analyst consensus estimate of $1.275 billion. Fabrinet said it sees first-quarter GAAP EPS of $3.39-$3.54, versus market estimates of $3.78. Fabrinet shares dipped 9.1% to $544.06 in pre-market trading. Here are some other stocks moving lower in pre-market trading. - **IQIYI Inc – ADR** (NASDAQ:IQ) declined 8.3% to $1.22 in pre-market trading after reporting second-quarter results. - **Hesai Group – ADR** (NASDAQ:HSAI) dipped 7.8% to $16.66 in pre-market trading following second-quarter results. - **Trident Digital Tech Holdings Lt**d (NASDAQ:TDTH) fell 6.7% to $1.80 in pre-market trading after gaining 2% on Monday. - **AXT Inc** (NASDAQ:AXTI) fell 6.7% to $89.55 in pre-market trading after jumping around 18% on Monday. - **Aurora Innovation Inc** (NASDAQ:AUR) declined 6% to $6.55 in pre-market trading. - **Aehr Test Systems** (NASDAQ:AEHR) fell 5.8% to $137.17 in pre-market trading after gaining around 9% on Monday. Jefferies analyst Kevin Garrigan, last week, initiated coverage on Aehr Test System with a Buy rating and announced a price target of $175. - **SanDisk Corp** (NASDAQ:SNDK) declined 5.8% to $1,683.00 in pre-market trading after gaining around 9% on Monday. - **Coherent Corp** (NYSE:COHR) fell 5.6% to $331.34 in pre-market trading after rising around 8% on Monday. - **Western Digital Corp** (NASDAQ:WDC) declined 5.6% to $506.05 in pre-market trading after gaining over 5% on Monday. - **ASE Technology Holding Co Ltd** (NYSE:ASX) fell 5.5% to $37.70 in pre-market trading. ASE Technology Holding recently reported a year-over-year increase in its July net revenue results. - **Voyager Technologies Inc** (NYSE:VOYG) fell 5.4% to $41.60 in pre-market trading. _Photo via Shutterstock_ ### Related Stocks - [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md) - [ASX.US](https://longbridge.com/en/quote/ASX.US.md) - [COHR.US](https://longbridge.com/en/quote/COHR.US.md) - [IQ.US](https://longbridge.com/en/quote/IQ.US.md) - [FN.US](https://longbridge.com/en/quote/FN.US.md) - [VOYG.US](https://longbridge.com/en/quote/VOYG.US.md) - [AEHR.US](https://longbridge.com/en/quote/AEHR.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [TDTH.US](https://longbridge.com/en/quote/TDTH.US.md) - [AUR.US](https://longbridge.com/en/quote/AUR.US.md) - [HSAI.US](https://longbridge.com/en/quote/HSAI.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [AURU.US](https://longbridge.com/en/quote/AURU.US.md) - [AXTU.US](https://longbridge.com/en/quote/AXTU.US.md) - [AXTX.US](https://longbridge.com/en/quote/AXTX.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [JEPQ.US](https://longbridge.com/en/quote/JEPQ.US.md) - [QQQI.US](https://longbridge.com/en/quote/QQQI.US.md) - [COHX.US](https://longbridge.com/en/quote/COHX.US.md) - [VOYX.US](https://longbridge.com/en/quote/VOYX.US.md) - [WDCX.US](https://longbridge.com/en/quote/WDCX.US.md) - [SNDG.US](https://longbridge.com/en/quote/SNDG.US.md) - [SNDQ.US](https://longbridge.com/en/quote/SNDQ.US.md) - [SNDU.US](https://longbridge.com/en/quote/SNDU.US.md) - [SNXX.US](https://longbridge.com/en/quote/SNXX.US.md) - [02525.HK](https://longbridge.com/en/quote/02525.HK.md) - [AUROW.US](https://longbridge.com/en/quote/AUROW.US.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) ## Related News & Research - [Western Digital CEO Irving Tan disposes of USD 8.85 million in common shares](https://longbridge.com/en/news/295729047.md) - [Aurora Innovation director Michelangelo Volpi disposes of Class A shares worth $10.22 million](https://longbridge.com/en/news/295844896.md) - [Why Fabrinet stock just plummeted](https://longbridge.com/en/news/296290943.md) - [Fabrinet Non-GAAP EPS of $4.10 beats by $0.29, revenue of $1.32B beats by $40M](https://longbridge.com/en/news/296143005.md) - [What's Going On With Hesai Group Stock Tuesday?](https://longbridge.com/en/news/296232964.md)