Fabrinet (FN) Company Report

Fabrinet reported record Q1 2026 revenue of $978.1 million, surpassing guidance and marking a 22% year-over-year increase.
The company achieved a record non-GAAP diluted EPS of $2.92 for Q1 2026, also exceeding guidance.
Profitability remained strong with a non-GAAP operating margin of 10.6% and a non-GAAP gross margin of 12.3% in Q1 2026.
As of September 26, 2025, Fabrinet maintained a strong balance sheet with $968.8 million in cash and cash equivalents and no total debt.

Nov 3, 2025, 10:00 PM

Presentation

Fabrinet Announces Record Q1 2026 Results and Strong Q2 2026 Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

Fabrinet reported record revenue of $978 million and record non-GAAP earnings per share of $2.92 for the first quarter of fiscal year 2026, which ended September 26, 2025.
The company introduced a new high-performance computing (HPC) product category, which contributed $15 million to revenue in Q1 2026 and is expected to scale considerably over the coming quarters.
For the second quarter of fiscal year 2026, Fabrinet anticipates revenue to be in the range of $1.05 billion to $1.1 billion and earnings per diluted share between $3.15 and $3.30.
To support rapid growth, construction of Building 10, a 2 million sq ft facility, is on track for completion by the end of calendar 2026, with a portion accelerated for mid-2026, expected to add approximately $2.4 billion in revenue capacity.

Nov 3, 2025, 10:00 PM

Transcript

FN Reports Record Q1 2026 Revenue and EPS, Projects Strong Q2 Growth

Earnings

Guidance Update

Revenue Acceleration/Inflection

FN reported record Q1 2026 revenue of $978 million, an impressive increase of 22% from a year ago, and record non-GAAP earnings of $2.92 per share.
Optical communications revenue was $747 million, with telecom revenue growing 59% year-over-year to $412 million, primarily driven by data center interconnect (DCI) products. DCI revenue was $138 million, marking 92% growth year-over-year.
The company introduced a new high-performance computing (HPC) products category, which contributed $15 million to revenue in Q1 2026 and is expected to scale considerably in future quarters.
FN anticipates continued strong business momentum into Q2 2026, projecting 29% growth at the midpoint of its guidance, driven by DCI expansion, strong DataCom demand, and the rapid scaling of the HPC program.
Construction of Building 10, a 2 million sq ft facility expected to add approximately $2.4 billion in revenue, is on track for completion by the end of calendar 2026, with a portion accelerated for mid-2026 completion to support rapid growth.

Nov 3, 2025, 10:00 PM

Transcript

Fabrinet Reports Record Q1 2026 Results and Strong Q2 2026 Guidance

Earnings

Guidance Update

New Projects/Investments

Fabrinet reported record Q1 fiscal year 2026 revenue of $978 million, an increase of 22% year-over-year, and record non-GAAP earnings of $2.92 per share.
For Q2 fiscal year 2026, the company provided guidance for revenue between $1.05 billion and $1.1 billion and diluted earnings per share between $3.15 and $3.30.
Key growth drivers in Q1 included Telecom revenue reaching a record $412 million, primarily from Data Center Interconnect (DCI) products, and a new High-Performance Computing (HPC) category contributing $15 million.
To support rapid growth, Fabrinet is accelerating the construction of a portion of Building 10, a 2 million sq ft facility, with completion expected by mid-2026.

Nov 3, 2025, 10:00 PM

Transcript

Fabrinet Announces First Quarter Fiscal Year 2026 Financial Results

Earnings

Guidance Update

Revenue Acceleration/Inflection

Fabrinet reported record revenue of $978.1 million for the first fiscal quarter ended September 26, 2025, which was above its guidance range.
GAAP diluted earnings per share for Q1 FY2026 was $2.66, and non-GAAP diluted earnings per share was $2.92, both exceeding guidance.
The strong Q1 performance was driven by robust telecom results and an early contribution from new High-Performance Computing revenue.
For the second fiscal quarter ending December 26, 2025, Fabrinet expects revenue to be in the range of $1.05 billion to $1.10 billion.
The company anticipates non-GAAP diluted earnings per share for Q2 FY2026 to be between $3.15 and $3.30.

Nov 3, 2025, 9:21 PM

8-K

Fabrinet Announces First Quarter Fiscal Year 2026 Financial Results and Q2 FY2026 Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

Fabrinet reported record first quarter fiscal year 2026 revenue of $978.1 million and GAAP diluted earnings per share of $2.66, with non-GAAP diluted earnings per share of $2.92 for the period ended September 26, 2025.
These results mark an increase from the first quarter of fiscal year 2025, which saw revenue of $804.2 million, GAAP diluted EPS of $2.13, and non-GAAP diluted EPS of $2.39.
The company's strong performance was driven by robust telecom results, an early contribution from new High-Performance Computing revenue, and a smaller-than-anticipated sequential decline in datacom revenue.
For the second fiscal quarter ending December 26, 2025, Fabrinet expects revenue in the range of $1.05 billion to $1.10 billion and non-GAAP diluted earnings per share between $3.15 and $3.30.

Nov 3, 2025, 9:15 PM

Press Release

Aurora Innovation Expands Driverless Truck Operations and Reports Q3 2025 Revenue

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Aurora Innovation has launched a new 600-mile driverless route from Fort Worth to El Paso, its second commercial route, and has surpassed 100,000 driverless miles on public roads.
The company plans to deploy hundreds of driverless trucks with next-generation hardware by 2026 and projects scaling to tens of thousands of self-driving trucks by 2027.
Aurora reported $1 million in third-quarter revenue for 2025 driven by its autonomous operations.
The new next-generation hardware, manufactured by Fabrinet, reduces overall costs by over 50% and features lidar technology capable of detecting objects up to 1,000 meters away.

Oct 28, 2025, 11:19 PM

Morningstar

Fabrinet Reports Record Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

Fabrinet reported record Q4 2025 revenue of $910 million and non-GAAP EPS of $2.65, contributing to record full-year fiscal 2025 revenue of $3.4 billion and non-GAAP EPS of $10.17.
For Q1 2026, the company anticipates total revenue in the range of $910 million to $950 million and non-GAAP diluted EPS between $2.75 and $2.90.
Key growth drivers include strong Optical Communications performance, with Telecom revenue increasing 46% year-over-year and the ramp of 1.6T Datacom products. A new High Performance Compute (HPC) revenue category, including a significant partnership with Amazon Web Services, is expected to be a meaningful driver in fiscal 2026.
Fabrinet is evaluating options to accelerate the completion of Building 10, which will add 2 million square feet of capacity, in response to increasing customer demand. The company also returned $126 million to shareholders through its buyback program in fiscal 2025.
Near-term component supply constraints are impacting Datacom, expected to cause a sequential dip in Datacom revenue in Q1 2026, though these issues are anticipated to be temporary.

Aug 19, 2025, 12:25 AM

Nanox Announces Q2 2025 Financial Results

Earnings

Guidance Update

New Projects/Investments

Nanox generated $3.0 million in revenue for the second quarter ended June 30, 2025, compared to $2.7 million in the second quarter of 2024.
The company reported a net loss of $14.7 million for the second quarter ended June 30, 2025, an increase from a net loss of $13.6 million for the same period in 2024.
As of June 30, 2025, Nanox had $62.6 million in total cash, cash equivalents, short-term and long-term deposits, restricted deposits, and marketable securities.
Nanox anticipates growing its clinical, demo, and commercial units in various stages of deployment to over 100 units worldwide by the end of 2025.
Key business highlights include notifying the FDA of intent to submit the TAP2D software module, securing new customers including a large U.S. imaging provider, expanding Nanox.AI solutions, advancing in EU countries with the first system ready for shipment, and entering a multi-year Volume Supply Agreement with Fabrinet.

Aug 12, 2025, 12:00 PM

Press Release

Fabrinet at Rosenblatt’s 5th Annual Technology Summit – Emphasis on Optical and Data Center Innovation

New Projects/Investments

Revenue Acceleration/Inflection

Optical capacity conversion: Fabrinet is transitioning from 800G products to a 1.6T solution by converting from 100 gig per lane to 200 gig per lane technology, with product shipping timing aligned to customer launches.
Strategic customer wins and new segments: The company highlighted system wins with major players including Cisco, Sienna, and Amazon, and introduced a separate high performance computing category set to debut in FY26, pointing to new revenue drivers.
Operational focus amid market dynamics: Fabrinet continues leveraging its competitive cost structure, careful inventory monitoring, and forex hedging on Thai Baht, while sustaining a long-term organic growth (approximately 16% CAGR over ten years).

Jun 10, 2025, 8:26 PM

Earnings Transcripts

Quarterly earnings call transcripts for Fabrinet.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Seamus Grady say about margins?What are Fabrinet's strategic priorities?How is Fabrinet positioned vs competitors?How did Fabrinet do last quarter?

Let Fintool AI Agent track Fabrinet's earnings for you

Get instant analysis when filings drop