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FPT shares of FPT Group continued to draw attention as they extended a sharp decline for a third consecutive session. By close on May 8, the stock price was 71,900 dong per share, the lowest level in about 27 months, since February 2024. Since the start of the year, FPT has shed about 25% of its value.
The sell-off has also weighed on the company’s valuation. The decline has shaved more than 40.7 trillion dong off FPT’s market capitalization, bringing it to less than 122.5 trillion dong. On May 8 alone, foreign investors sold nearly 445 billion dong of FPT shares, taking year-to-date net selling to about 13.9 trillion dong.
The development drew additional attention because FPT had previously been among the most sought-after stocks by foreign investors. In earlier periods, foreign ownership capacity for FPT was fully used, and investors sometimes had to pay a premium to buy the stock.
Currently, however, FPT has around 323 million dong in remaining foreign ownership capacity (as stated in the source), suggesting that foreign investors’ positioning may be constrained compared with earlier phases.
Beyond foreign capital flows, FPT’s stock performance is also being influenced by concerns related to the new AI wave. The source notes that AI models are developing faster, costs are lower, and automation is increasing—factors that have made investors more cautious about growth prospects and margins for technology firms.
Despite the market’s caution, FPT leadership has emphasized that AI should not be treated as a risk to avoid. Instead, it is presented as a strategic driver for the next stage of development.
At the 2026 annual general meeting, FPT chairman Truong Gia Binh reaffirmed the AI-First strategy, saying that over the next 5–10 years, FPT aims to gradually master the nation’s core technologies and position itself on par with leading global digital transformation and AI groups.
The source also highlights that FPT is not limiting its efforts to its own ecosystem. The company is forging alliances with major technology players such as Microsoft to implement advanced technology projects requiring deep system integration across multiple sectors.
For FPT, 2026 is described as a starting point for developing AI-driven automated factories, moving toward an operating model largely run by AI over the next decade.
For 2026, FPT targets revenue of 58,580 billion dong and pre-tax profit of 11,629 billion dong, up 15.8% and 15% respectively (using the new consolidated method for FPT Telecom).
The technology segment is expected to remain the main driver, with revenue of 52,650 billion dong and pre-tax profit of 7,350 billion dong—up 18% and 25% from the previous year.
Meanwhile, the Education, Investment, and Other segment is expected to record revenue of 5,930 billion dong, down 3.3%, while pre-tax profit is expected to rise 1.3% to 4,279 billion dong.
In Q1 2026, FPT reported revenue of 12,480 billion dong and pre-tax profit of 2,804 billion dong, up 8.7% and 16.3% year over year. Net profit attributable to the parent company reached 2,487 billion dong, up 14.4%, while earnings per share were 1,460 dong, up 13.7% from the year before.
After the first quarter, FPT had achieved 21% of its revenue target and 24% of its profit target.
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