Fabrinet Shares Tumble As Nvidia Datacom Weakness Overshadows Telecom Strength
benzinga_article·
- Fabrinet shares declined significantly following its fiscal fourth-quarter results despite reporting revenue of $1.32 billion and beating expectations by 4%.
- Strong performance in Telecom, Auto, and Industrial segments was offset by sequential contractions in Datacom revenue due to lower sales to Nvidia.
- Management issued strong revenue guidance of $1.4 billion for the first quarter of fiscal 2027, driven by broadening customer engagements and capacity expansion.
