Why Fermi (FRMI) Stock Fell 4.32% in 10 Minutes After Q3 Earnings on Nov 12, 2026
EPS of -0.22 came in below the -0.09 estimate.
- FRMI fell 4.32% in the 10 minutes after the 07:00:39 ET headline, from $1.85 to $1.77.
- MoveSurge measured one earlier Fermi headline with an attributed reaction between Aug 14, 2026 and Nov 11, 2026: +25.47% in 10 minutes, on Oct 13, 2026.
- 1.26 million shares changed hands in those 10 minutes, 188.4 times the stock's normal volume for that stretch of the session.
07:00:39 ET
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| FRMI Volume 188.4× normal in 15 min |
1.85 | 1.85 | 1.95 | 1.77 | +5.54% | -4.32% |
Fermi (FRMI) shares fell 4.32% in the 10 minutes after its Q3 results reached the MoveSurge news feed at 07:00:39 ET on Thursday, November 12, 2026. EPS of -0.22 came in below the -0.09 estimate.
FRMI in the first 10 minutes
The line that crossed at 07:00:39 ET: “FRMI Q3: EPS -0.22 vs -0.09 est”
From a reference price of $1.85 just before the headline, the stock was up 5.54% after one minute and down 4.32%, at $1.77, after 10 minutes. The first minute pointed the other way before the stock turned. 1.26 million shares changed hands in those 10 minutes, 188.4 times the stock's normal volume for that stretch of the session. The headline crossed in pre-market trading, 2 hours 30 minutes before the 9:30 ET open.
Fermi Q3 results against estimates
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| EPS | -0.22 | -0.09 | Miss |
How FRMI traded after earlier earnings releases
| Report | EPS vs estimate | Revenue vs estimate | First move |
|---|---|---|---|
| Aug 13, 2026 | -0.04 vs -0.07 | — | +4.13% in 15 min |
| May 14, 2026 | -0.30 vs -0.06 | — | not measured |
Other FRMI headlines on November 12, 2026
- 07:10 ET: “Fermi says an investment-grade hyperscaler commits about $200 million to Project Matador” (+16.11% in 10 minutes)
Earlier FRMI headlines and the measured reaction
MoveSurge measured one earlier Fermi headline with an attributed reaction between Aug 14, 2026 and Nov 11, 2026: +25.47% in 10 minutes, on Oct 13, 2026.
- Oct 13, 2026, 08:00 ET: “Fermi Inc. has entered a credit support agreement with AMD to facilitate a lease for its Project Matador energy and AI initiative in Texas, featuring 222 megawatts of power capacity.” (+25.47% in 10 minutes)
Fermi at a glance
| Sector | Real Estate |
| Industry | Real Estate Investment Trusts |
| Market value | $988 million (as of Nov 12, 2026) |
Prices are closes of 1-minute bars. Each move on this page is measured from the last completed bar before its headline.
How did Fermi stock react to its Q3 earnings on November 12, 2026?
The stock fell 4.32% in the 10 minutes after its Q3 results crossed at 07:00:39 ET. EPS of -0.22 came in below the -0.09 estimate.
How far did FRMI move after the headline?
From $1.85 just before the headline to $1.77 10 minutes later, a -4.32% move.
Sources
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FRMI headline and measured reaction, Nov 12, 2026
— MoveSurge
The headline as it crossed, its timestamp, and the measured price reaction reported on this page.
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