FN · PEAD ↑ 100

Fabrinet reported Q3 FY2026 EPS of $3.72 on 2026-05-11, beating the $3.43 consensus by $0.29 (+8.5%).

Print-day reaction was +4.5% versus the prior close, a clean gap-and-hold as the beat pulled the stock well above its pre-earnings range. The overnight gap to the T+1 open gave back 1.7%, a modest fade that failed to unwind the initial move. Over days one through three the stock drifted an additional +17.7%, accelerating rather than consolidating — a textbook continuation pattern. Cumulative abnormal return of +18.7% versus SPY.US over the three-day window firmly places this in PEAD long territory; the documented drift pattern extends through the holding window ending 2026-08-06.