FN · PEAD ↓ 90

Fabrinet reported Q1 FY2027 EPS of $4.03 on 2026-11-02, beating the $3.88 consensus by $0.15 (+3.87%).

Print-day reaction was −3.85% versus the prior close of $327.29, as the stock sold off sharply despite the consensus beat, closing at $314.70. The overnight gap reversed direction, with the stock opening $15.29 higher at $329.99, a +4.86% gap that briefly suggested the sell-off was overdone. Over days 1 through 3, however, price deteriorated by −19.37%, erasing the gap recovery and driving the stock down to $292.97 by 2026-11-05. Cumulative abnormal return of −7.48% versus SPY.US firmly establishes a short PEAD signal — drift sharply reversed the overnight recovery and confirmed the initial negative reaction; the holding window runs through 2027-01-28.