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Fabrinet (FN)
NYSE:FN
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
3.43Last Year’s EPS
2.52Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based growth: record revenue and EPS, robust telecom/DCI and rapidly expanding HPC and non-optical businesses, plus confident guidance and aggressive capacity expansion funded from a strong balance sheet. Headwinds are present but appear manageable: FX pressures, recent component-driven datacom constraints (mitigating with approved second sources), a small quarterly free cash flow outflow, and lumpy early-stage HPC ramps. Overall the positives—significant revenue and earnings beats, strong margins/operating leverage, clear capacity plans, and upbeat guidance—substantially outweigh the manageable challenges.Company Guidance
Record Revenue
Q2 revenue of $1.13 billion, a company record, up 36% year-over-year and 16% sequentially.
Record Non-GAAP EPS
Non-GAAP EPS of $3.36, a new record and above guidance despite FX headwinds (included a $3 million / $0.09 per share revaluation loss).
Optical Communications Strength
Optical communications revenue of $833 million, up 29% year-over-year and 11% sequentially.
Telecom and DCI Momentum
Telecom revenue at a record $554 million, up 59% year-over-year and 17% sequentially; DCI module revenue $142 million, up 42% year-over-year and 3% sequentially, with durable demand across multiple customers.
Very Strong Non-Optical / HPC Growth
Non-optical communications revenue totaled $300 million, up 61% year-over-year and 30% sequentially; high-performance computing (HPC) revenue surged to $86 million from $15 million in Q1 (a large sequential increase) and is expected to continue ramping to a >$150 million run rate when fully ramped.
Improving Margins and Operating Leverage
Gross margin 12.4% (10 bps improvement sequentially) and operating margin 10.9% (up 30 bps sequentially and year-over-year), driven by strong top-line growth and operating leverage.
Capacity Expansion and Strong Balance Sheet
Building 10 (2 million sq ft) remains on track (about 250,000 sq ft to be ready mid-year); converting Pinehurst office/warehouse to ~120,000 sq ft manufacturing (adds meaningful revenue capacity). Cash and short-term investments $961 million and management is funding expansion with no debt.
Forward Guidance
Q3 revenue guidance of $1.15–$1.20 billion (~35% year-over-year growth at midpoint) and non-GAAP EPS guidance of $3.45–$3.60 (~40% year-over-year growth at midpoint), indicating continued confidence in demand and profitability.
FN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 03, 2025 | $443.00 | $459.60 | +3.75% |
Aug 18, 2025 | $327.12 | $285.23 | -12.81% |
May 05, 2025 | $220.90 | $204.85 | -7.27% |
Feb 03, 2025 | $225.60 | $207.13 | -8.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fabrinet (FN) report earnings?
Fabrinet (FN) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Fabrinet (FN) earnings time?
Fabrinet (FN) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FN EPS forecast?
FN EPS forecast for the fiscal quarter 2026 (Q3) is 3.43.
