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Fabrinet (FN) is a global leader in advanced precision optical, electronic, and mechanical manufacturing services. The company specializes in high-mix, low-volume, mission-critical components and modules for original equipment manufacturers (OEMs) in complex industries. Fabrinet designs, manufactures, and integrates a wide range of products, including optical communication components, automotive systems, industrial lasers, medical devices, and customized optics.
- Optical Communications - Manufactures components such as transceivers, tunable lasers, modulators, optical amplifiers, ROADMs, silicon photonics, and network systems for telecom and datacom applications.
- Datacom - Produces components for data transmission in high-speed networks.
- Telecom - Develops products for telecommunications infrastructure and systems.
- Automotive - Provides EV charging systems, LIDAR, LED and laser lighting, safety and control sensors, and pressure and temperature sensors for automotive applications.
- Industrial Lasers - Manufactures solid-state lasers, gas lasers, ultrafast lasers, and other laser systems for industrial applications.
- Medical Devices and Sensors - Produces medical diagnostics and metrology instrumentation for healthcare and scientific industries.
- Customized Optics and Glass - Designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates, as well as borosilicate, clear fused quartz, and synthetic fused silica glass products.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Seamus Grady ExecutiveBoard | Chief Executive Officer and Director | Seamus Grady has served as the Chief Executive Officer and a member of the Board at Fabrinet since September 2017. He brings over three decades of leadership experience from roles at Sanmina Corporation, Lucent Technologies, and Manufacturers Services Limited. | View Report → | |
Csaba Sverha Executive | Executive Vice President and Chief Financial Officer | Csaba Sverha is the Executive Vice President and Chief Financial Officer at FN since February 2020, and he previously served as Vice President of Operations Finance from March 2018 to February 2020. | ||
Dr. Harpal Gill Executive | President and Chief Operating Officer | Dr. Harpal Gill has been serving as President of Fabrinet since January 2011 and as Chief Operating Officer since March 2009. He previously held roles as Senior Vice President of Operations from May 2005 to March 2009 and Executive Vice President of Operations at Fabrinet Co., Ltd. since July 2007. | ||
Edward T. Archer Executive | Executive Vice President, Sales & Marketing | Edward T. Archer has served as Executive Vice President, Sales & Marketing at FN since January 2019. He is a 30-year veteran of the electronics industry with extensive experience in sales and marketing from roles at other companies. | ||
Darlene S. Knight Board | Director at FN | Member of the board of directors of eLeapPower; Member of the board of directors at Reliance Worldwide Corporation Limited | Darlene S. Knight has served as a Director at FN since January 2022. She brings significant operational and leadership experience from various roles in the automotive manufacturing sector, previously holding senior positions at multiple companies. | |
David T. Mitchell Board | Non-Employee Chairman of the Board | David T. Mitchell founded Fabrinet and served as CEO from 2000 until September 2017 before transitioning to his current role as Non-Employee Chairman of the Board in June 2018. | ||
Dr. Frank H. Levinson Board | Class III Director | Managing Director of Small World Group (since 2006) | Dr. Frank H. Levinson has been serving on Fabrinet's Board of Directors since 2001 as a Class III Director. He brings extensive semiconductor industry expertise from previous executive roles including CEO of Finisar Corporation (1988-1999) and has been the Managing Director at Small World Group since 2006. | |
Dr. Homa Bahrami Board | Director | Senior Lecturer at Haas School of Business, University of California, Berkeley; Faculty Director of the Center for Executive Education; Board member of the Center for Teaching Excellence | Dr. Homa Bahrami has served as a Director on Fabrinet's Board since 2012 and currently chairs the Nominating & Corporate Governance Committee while also being a member of the Compensation Committee, bringing significant expertise in organizational design and executive development for global enterprises. | |
Forbes I.J. Alexander Board | Director and Member of the Audit Committee | Founding Partner at Steadfast Partners LLP; Board Member at Entrepreneurial Scotland Foundation (USA) | Forbes I.J. Alexander serves as a Director and Member of the Audit Committee at Fabrinet since June 12, 2024. He is not an executive at FN and brings extensive experience from roles including Founding Partner at Steadfast Partners LLP and prior senior positions at Jabil Inc.. | |
Rollance E. Olson Board | Lead Independent Director | Rollance E. Olson has served as the Lead Independent Director at FN since 2011 and on the Board of Directors since 2004, drawing on extensive leadership experience from previous executive roles such as CEO of Parts Depot Inc and senior positions in automotive and consulting industries. | ||
Thomas F. Kelly Board | Independent Director, Chair of the Audit Committee | CEO of Anitian, Inc.; Venture Consultant at Forgepoint Capital | Thomas F. Kelly has served as an Independent Director and Chair of the Audit Committee at FN since 2010. He also holds external roles such as CEO of Anitian, Inc. since February 2024 and serves as a Venture Consultant at Forgepoint Capital since November 2022. |
- Given the sequential softness in datacom revenue due to the customer transition to next-generation products, what specific strategies are you implementing to smooth out this volatility, and how will you mitigate the risk of prolonged delays?
- With telecom revenue rebounding strongly through new system wins and increased DCI momentum, how do you plan to balance the portfolio to ensure that the weaker datacom performance does not adversely impact overall revenue growth?
- As you expand capacity with Building 10—a 2 million square foot facility adding roughly $2.4 billion in revenue capacity—how will you maintain operational efficiency and safeguard gross margins amid FX headwinds and increased CapEx spending?
- In light of the unpredictable timing surrounding the ramp of your next-generation 1.6 terabit products, what measures are in place to address potential supply chain disruptions and customer launch delays that could impact your financial outlook?
- Considering the potential benefits and challenges associated with tariffs, can you elaborate on how shifts in production locations are being leveraged to enhance market share, and what contingencies are planned to offset any unforeseen cost pressures?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competitors in the market for optical manufacturing services include this company, which is one of the several third-party manufacturers evaluated by current and prospective customers against the merits of their internal manufacturing capabilities. | |
This company is listed as a competitor in the optical manufacturing services market, where the competition is particularly strong when customers have excess manufacturing capacity. | |
This company is mentioned as a competitor in the optical manufacturing services market, which faces competition from both internal manufacturing capabilities of customers and other third-party manufacturers. | |
This company is identified as a competitor in the optical manufacturing services market, where the company competes against internal manufacturing capabilities of customers and other third-party manufacturers. | |
Venture Corporation Limited | This company is noted as a competitor in the optical manufacturing services market, which includes competition from internal manufacturing capabilities of customers and other third-party manufacturers. |
Fujian Castech Crystals, Inc. | The company's customized optics and glass operations face competition from this company, among others, in the market for customized optics and glass products. |
Photop Technologies, Inc. | This company is a competitor in the customized optics and glass market, where the company faces competition from other specialized manufacturers. |
Research Electro-Optic, Inc. | This company competes in the customized optics and glass market, which includes competition from other specialized manufacturers. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Nvidia Corporation | Optical & electromechanical manufacturing | All | In FY2024, 35.1% of $2,883M ⇒ ~$1,013M. Accounts receivable: 22.7% of $594M ⇒ ~$136M. |
Cisco Systems Inc. | Optical modules & communications manufacturing | All | In FY2024, 13.4% of $2,883M ⇒ ~$386M. Accounts receivable: 12.4% of $594M ⇒ ~$74M. |
Infinera Corporation | Optical networking solutions | All | Less than 10% revenue in FY2024 (no exact value). Accounts receivable: 19.3% of $594M ⇒ ~$115M. |
Recent press releases and 8-K filings for FN.
- Fabrinet has entered into a warrant issuance agreement with Amazon, under which it will issue up to 381,922 warrant shares with the closing occurring electronically on March 12, 2025.
- The transaction is expected to result in a non-cash stock-based accounting adjustment of approximately $4.2 million and a $0.12 negative impact on EPS, leading to revised Q3 2025 guidance for GAAP net income per diluted share of $2.20–$2.28 and non-GAAP net income per diluted share of $2.43–$2.51.
- Record Q2 performance: Achieved record revenue of $833.6M (up 17% YoY), GAAP net income of $86.6M, and EPS of $2.38 (GAAP)/$2.61 (Non-GAAP) .
- Strong segment growth: Optical communications and telecom (up 24% YoY), along with robust contributions from automotive and industrial laser segments .
- Optimistic guidance & margins: Q3 revenue expected between $850–$870M with EPS forecast between $2.55–$2.63, and maintained non-GAAP operating margins at 10.6% .
- Strategic investments: Broke ground on a new 2 million sq ft facility at the Chonburi campus, supporting long-term growth .
- Robust balance sheet: Ended Q2 with $934.6M in cash and zero debt, positioning the company for future expansion .
- Enhanced shareholder returns: Expanded the share repurchase program with an extra $100M authorization (totaling $534.3M) and executed $69M in buybacks .