FN · PEAD ↓ 80

Fabrinet reported Q4 FY2026 EPS of $3.92 on 2026-08-17, beating the $3.69 consensus by $0.23 (+6.2%).

Print-day reaction was +4.97% versus the prior close, lifting FN sharply on the earnings beat. The overnight gap to the T+1 open, however, reversed hard at −14.18%, signalling a severe after-hours fade that overwhelmed the initial print-day enthusiasm. Over the following two trading sessions the stock drifted an additional −7.82%, compounding the reversal with no recovery. Cumulative abnormal return of −20.24% versus SPY.US firmly places this in PEAD short territory; per the documented drift pattern, the read holds through 2026-11-12.