Fabrinet
Manufactures complex optical and electronic products for data-center, communications, and industrial OEMs.
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Profile
Provides advanced optical packaging and precision manufacturing for data-center, communications-infrastructure, automotive, industrial-laser, medical, and sensor OEMs. Revenue comes mainly from data-center and communications programs, while volume production is centered in Thailand and sales are concentrated among a small customer group.
Provides outsourced advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing for OEMs. Core programs span data-center interconnects and communications infrastructure, including transceivers, transponders, switching modules, amplifiers, and active optical cables. Automotive components, industrial lasers, medical devices, sensors, and customized optics and glass broaden the mix.
Handles process design and engineering, supply-chain management, printed-circuit-board assembly, advanced packaging, integration, final assembly, and testing. Dedicated production teams and segregated factory-within-a-factory space help protect customer intellectual property while moving complex products from prototypes into volume production. Data-center and communications-infrastructure programs generate most revenue. Volume manufacturing is centered in Thailand, and a small group of customers accounts for most sales.
Company facts
Categories
Key statistics
Year to date −13.6% · Average volume (30d) 940.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Fox Advisors | Upgrade | Equal-Weight | Outperform | ||
| Aug 18, 2026 | Barclays | Reiterate | Overweight | $702 | $739 | |
| May 5, 2026 | Barclays | Target | $548 | $702 | ||
| Apr 20, 2026 | Northland Securities | Target | $600 | $800 | ||
| Apr 16, 2026 | JP Morgan | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 17, 2026Q4 FY26 | $3.81 | $4.10 | +7.6% | $1.28B | $1.32B | +3.1% | −19.38% |
| May 4, 2026Q3 FY26 | $3.56 | $3.72 | +4.5% | $1.19B | $1.21B | +2.2% | −8.01% |
| Feb 2, 2026Q2 FY26 | $3.26 | $3.36 | +3.1% | $1.08B | $1.13B | +5.2% | −10.22% |
| Nov 3, 2025Q1 FY26 | $2.82 | $2.92 | +3.5% | $934.4M | $978.1M | +4.7% | +3.75% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $871.8M | $909.7M | $978.1M | $1.13B | $1.21B | $1.32B | |
| Gross profit | $102.2M | $111.3M | $116.4M | $137.7M | $140.9M | $161.5M | |
| Operating income | $78.9M | $89.1M | $94.2M | $114.4M | $116.4M | $137.9M | |
| Net income | $81.3M | $87.2M | $93.0M | $112.6M | $125.2M | $142.2M | |
| Diluted EPS | $2.24 | $2.42 | $2.66 | $3.11 | $3.45 | $3.83 | |
| Gross margin | 11.7% | 12.2% | 11.9% | 12.2% | 11.6% | 12.3% | |
| Operating margin | 9.0% | 9.8% | 9.6% | 10.1% | 9.6% | 10.5% |
Fiscal years (4-quarter sums)FY22 $2.26B · FY23 $2.65B · FY24 $2.88B · FY25 $3.42B · FY26 $4.64B
Revenue by product · Q3 FY26
Revenue by geography · Q4 FY26
Balance sheet, Jun 26, 2026Cash & short-term investments $875.1M · Total debt $4.0M · Total assets $3.91B · Shareholders' equity $2.45B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 35.83M · Float 35.76M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.82M | 13.47% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 1.94M | 5.42% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 1.90M | 5.30% | 13F | Aug 13, 2026 |
| FMR LLC | 1.84M | 5.14% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.62M | 4.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Homa Bahrami | director | −2,500 | $711.91 |
| Feb 25, 2026 | Thomas F. Kelly | director | −1,850 | $623.85 |
| Dec 4, 2025 | Thomas F. Kelly | director | −2,200 | $464.14 |
| Dec 5, 2025 | Darlene S. Knight | director | −500 | $482.11 |
| Dec 4, 2025 | Darlene S. Knight | director | −500 | $472.00 |
Peers
- Celestica
Hyperscale EMS rival; pivoted to 800G optical networking and AI data centers.
- Coherent
Global #1 in 800G optical modules; fully integrated from InP chip to transceiver
- Jabil
10-K-named EMS giant; Jabil Photonics serves the same optical OEM set.
- Sanmina
10-K-named EMS rival; precision optical, medical, and defense manufacturing.
- Flex
Large EMS with $4.8B data-center business and growing automotive overlap.
- Lumentum
Leading EML chip maker; ramping own 800G/1.6T transceivers in Thailand.
- Plexus
Precision EMS for healthcare and industrial; non-optical segment overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fabrinet | $414.80 | +0.11% | $14.85B | 31.8 | 22.8 | 3.2 | +44.6% |
| Celestica | $299.55 | +0.25% | $34.35B | 31.0 | 19.7 | 2.2 | +61.3% |
| Coherent | $279.00 | −0.02% | $54.62B | 67.9 | 29.8 | 7.7 | +33.7% |
| Jabil | $303.90 | +0.82% | $31.59B | 37.6 | 19.1 | 0.9 | +11.8% |
| Sanmina | $194.01 | +0.01% | $10.40B | 34.7 | 15.4 | 0.8 | +69.7% |
| Flex | $110.65 | +0.15% | $40.82B | 42.7 | 21.2 | 1.4 | +20.6% |
| Lumentum | $895.00 | +0.03% | $69.63B | — | 41.5 | 23.1 | +136.7% |
| Plexus | $240.87 | +0.00% | $6.44B | 35.6 | 24.0 | 1.4 | +28.1% |
| Median | 36.6 | 21.2 | 1.4 | +33.7% |