Fabrinet Q3 EPS Beats, Stock Slides 8%

Fabrinet posted Q3 adjusted EPS $3.72, beating consensus $3.54, and revenue $1.21B, up 39% YoY.
GAAP net income rose to $125.2M ($3.45 per share) from $81.2M ($2.25) a year earlier.
Despite beat, shares fell 8% as Q4 guidance of $3.72‑$3.87 EPS and $1.25‑$1.29B revenue aligned with estimates.
CEO Seamus Grady highlighted new datacom customer agreements expected to boost growth into Q4 and beyond.