New York, Jan 8, 2026, 15:42 EST — Regular session
Fabrinet shares fell 6.5% to $439.75 in afternoon trade on Thursday, down $30.75 from the prior close, after touching a session low of $431.20.
The drop tracked declines across electronics contract manufacturers and AI-linked hardware, with Celestica down 6.3%, Sanmina off 3.7% and Nvidia lower by about 2%.
Separately, T. Rowe Price Associates disclosed in a Schedule 13G filing that it held 4.04 million Fabrinet shares, or 11.3% of the company, as of Dec. 31. Schedule 13G is a short-form report used by investors who cross the 5% ownership threshold without a control intent. 1
In the broader market, the S&P 500 technology index was down 1.7% as investors turned more selective on stocks tied to artificial-intelligence spending. “It’s become a ‘show me’ sector,” said Art Hogan, chief market strategist at B. Riley Wealth. 2
Fabrinet, which makes optical communication components and other precision products for equipment makers, last reported quarterly revenue of $978.1 million and adjusted earnings of $2.92 a share. The company forecast December-quarter revenue of $1.05 billion to $1.10 billion and adjusted earnings of $3.15 to $3.30 per share. 3
The selloff leaves investors looking for the next signpost on demand for optical gear and related data-center builds, where order timing can swing quickly and move sentiment with it.
Fabrinet has warned that supply constraints, swings in customer demand and reliance on a small group of customers and suppliers could hit results if orders slow or parts are hard to source.
