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Fabrinet(FN)Earnings, Financials & Key Ratios
FN•NYSE
$468.48
51.1× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryElectronics Manufacturing and Circuit Boards
AboutFabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.Show more
- Revenue$3.42B+18.6%
- EBITDA$378M+15.7%
- Net Income$333M+12.3%
- EPS (Diluted)9.17+13.2%
- Gross Margin12.09%-2.1%
- EBITDA Margin11.05%-2.5%
- Operating Margin9.49%-1.5%
- Net Margin9.72%-5.3%
- ROE17.84%-3.2%
FN Price & Volume
Fabrinet (FN) stock price & volume — 10-year historical chart
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AI Demand Drives Revenue Growth Amidst Risks
Investment Thesis • Updated 2026Q3
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Extreme customer concentration risk
Key Thesis Takeaways
- Fabrinet is currently experiencing a significant growth phase, with revenue accelerating to 39.3% in 2026Q3 as it scales production for hyperscale AI infrastructure.
- However, this expansion is tempered by extreme customer concentration and a notable deterioration in cash conversion, with the OCF/NI ratio dropping to 0.42.
- Investors should weigh the company's robust liquidity position against the structural risks inherent in its capital-intensive, single-customer-dependent manufacturing model.
Verdict Logic
while the 39.3% revenue growth is impressive, the decline in FCF margin to -0.9% and the extreme customer concentration risk warrant a cautious, wait-and-see approach.
FN Growth Metrics
Fabrinet (FN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.02%
5 Years15.8%
3 Years14.76%
TTM29.79%
Profit CAGR
10 Years22.52%
5 Years23.99%
3 Years18.39%
TTM28.07%
EPS CAGR
10 Years22.45%
5 Years24.96%
3 Years19.6%
TTM29.77%
Return on Capital
10 Years14.89%
5 Years16.43%
3 Years17.34%
Last Year17.07%
FN Recent Earnings
Fabrinet (FN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$3.72+4.5%
$3.56
Rev
$1.2B+2.2%
$1.2B
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$3.36+3.1%
$3.26
Rev
$1.1B+5.2%
$1.1B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$2.92+3.5%
$2.82
Rev
$978M+4.7%
$934M
Q3 2025
Aug 18, 2025Metric
Actual
Est
EPS
$2.65+0.4%
$2.64
Rev
$910M+3.0%
$883M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $3.72vs $3.56+4.5% | $1.2Bvs $1.2B+2.2% |
| Q1 2026 | Feb 2, 2026 | $3.36vs $3.26+3.1% | $1.1Bvs $1.1B+5.2% |
| Q4 2025 | Nov 3, 2025 | $2.92vs $2.82+3.5% | $978Mvs $934M+4.7% |
| Q3 2025 | Aug 18, 2025 | $2.65vs $2.64+0.4% | $910Mvs $883M+3.0% |
Based on last 12 quarters of dataView full earnings history →
Latest FN News
Recent stock market news and headlines for Fabrinet (FN)
Seeking Alpha·Jun 26, 2026
Fabrinet: Capacity Build-Out Sets Up FY27 AccelerationFabrinet is rated Buy with a $622 price target, driven by robust growth and strategic capacity expansion. FN's Q3 revenue surged 39% YoY to $1.214B, with operating margin expanding 50 bps and ROIC reaching 41.8%. Capacity build-out to $8.5B revenue enables multi-year growth visibility, underpinned by direct-to-hyperscaler and CPO programs.
Zacks Investment Research·Jun 26, 2026
Fabrinet's AI Push Bodes Well: Is There Scope for More Upside?FN's AI push is gaining traction as demand for 800G and 1.6T optical products rises across expanding AI data centers.
MarketBeat·Jun 26, 2026
Fabrinet Is Becoming a Quiet Winner in the AI Optics BuildoutFabrinet TodayFNFabrinet$567.33 -0.84 (-0.15%) As of 06/25/2026 03:59 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$272.49▼$748.89P/E Ratio48.74Price Target$661.75Add to WatchlistFabrinet's NYSE: FN stock price is up by a high triple-digit amount year-over-year (YOY), as of mid-June 2026, and is on track to continue rising at a similar pace over the subsequent quarters.
Zacks Investment Research·Jun 22, 2026
Is FN Stock Worth Betting on at a Premium or Should Investors Wait?Fabrinet's AI-driven surge and debt-free balance sheet support growth, but premium valuation, datacom supply constraints and FX risks cloud its entry point.
Peers Comparison
Key metrics vs top competitors for Fabrinet (FN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $468.48 | $16.78B | 51.09 | 18.6% | 9.72% | 17.84% | — | |
| $131.52 | $48.19B | 56.45 | 8.14% | 3.15% | 17.26% | — | |
| $321.08 | $33.87B | 54.24 | 3.18% | 2.57% | 62.24% | — | |
| $345.06 | $39.67B | 47.33 | 30.71% | 6.95% | 47.71% | — | |
| $81.01 | $2.91B | 119.13 | 0.11% | 1.27% | 3.1% | — | |
| $255.94 | $6.86B | 40.89 | 1.82% | 4.35% | 12.83% | — |
Compare FN vs Peers
Fabrinet (FN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FN SEC Filings & Documents
Fabrinet (FN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 4, 2026·SEC
Material company update
Feb 2, 2026·SEC
Material company update
Dec 12, 2025·SEC
10-K Annual Reports
410-Q Quarterly Reports
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FN Frequently Asked Questions
Fabrinet (FN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Fabrinet's revenue?
Fabrinet (FN) reported $4.24B in revenue for fiscal year 2025. This represents a 1027% increase from $375.7M in 2006.
How fast is Fabrinet growing?
Fabrinet (FN) grew revenue by 18.6% over the past year. This is strong growth.
Is FN profitable?
Yes, Fabrinet (FN) is profitable, generating $418.0M in net income for fiscal year 2025 (9.7% net margin).
Dividend & Returns
What is FN's return on equity?
Fabrinet (FN) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.
What is Fabrinet's free cash flow?
Fabrinet (FN) generated $45.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.