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. SEC
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. Reuters
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. SEC
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.
