🟢 Fabrinet is trading 13% up in after-hours trading after Q1 beat and stronger Q2 outlook

Fabrinet is trading at $354.45 (+12.88%) after fiscal Q1 2027 results exceeded its prior guidance and the company issued its Q2 forecast. - Q1 revenue was $1.4745 billion and non-GAAP EPS was $4.34; the release said revenue growth surpassed expectations. - For Q2, Fabrinet forecast revenue of $1.6–$1.65 billion and non-GAAP EPS of $4.77–$4.92. - The company expanded its share repurchase authorization. Shares had fallen 4.06% in the regular session on November 2, before the reported after-hours gain.