Fabrinet falls over 14% after earnings, optical communications sector declines broadly

Odaily News According to MSX.COM data, U.S. stock optical communications stocks fell collectively, with Fabrinet down over 14%, Coherent and Credo Technology down over 7%, Marvell Technology down over 6%, and Lumentum, Corning, and others down over 4%.

On the news front, Fabrinet's fourth fiscal quarter revenue reached $1.316 billion, up 45% year-over-year, beating market expectations of approximately $1.27 billion, and marking the 12th consecutive quarter of record revenue. However, the market believes its high-growth expectations have been fully priced in, while the company still faces risks such as customer concentration and supply chain constraints on certain products.