Fabrinet 8-K, filed Nov 2, 2026
Fabrinet (FN)
8-K
2026-11-02
For: 2026-11-02
View Original
Added on
November 02, 2026
About this 8-K
Fabrinet filed this 8-K on November 2, 2026.
Fabrinet reported record first-quarter fiscal year 2027 revenue of $1,474.5 million, up 51%, and GAAP diluted EPS of $2.86; it expects second-quarter revenue of $1.6 billion to $1.65 billion. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
______________________
FORM 8-K
______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
______________________
(Exact name of registrant as specified in its charter)
______________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)
+66 2 -524-9600
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
______________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 2, 2026, Fabrinet issued a press release regarding its financial results for its fiscal quarter ended September 25, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information in this Item 2.02 and the press release attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FABRINET | ||||||||
| By: | /s/ CSABA SVERHA | |||||||
| Csaba Sverha | ||||||||
| Executive Vice President, Chief Financial Officer | ||||||||
Date: November 2, 2026 | ||||||||
Exhibit 99.1
Fabrinet Announces First Quarter Fiscal Year 2027 Financial Results
•Record First Quarter Revenue Increased 51% From Prior Year, Exceeding Guidance Range
BANGKOK, Thailand – November 2, 2026 – Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its first fiscal quarter ended September 25, 2026.
Seamus Grady, Chairman and Chief Executive Officer of Fabrinet, said, “Fiscal year 2027 is off to an excellent start with record revenue and non-GAAP earnings per share that were well above our guidance ranges. Broad-based demand across multiple significant programs drove these results, with new product ramps further supporting our growth. We enter the second quarter with exceptional momentum that makes us confident that we can deliver another strong performance.”
First Quarter Fiscal Year 2027 Financial Highlights
GAAP Results
•Revenue for the first quarter of fiscal year 2027 was $1,474.5 million, compared to $978.1 million for the first quarter of fiscal year 2026.
•GAAP net income for the first quarter of fiscal year 2027 was $103.5 million, compared to $95.9 million for the first quarter of fiscal year 2026.
•GAAP net income per diluted share for the first quarter of fiscal year 2027 was $2.86, compared to $2.66 for the first quarter of fiscal year 2026.
Non-GAAP Results
•Non-GAAP net income for the first quarter of fiscal year 2027 was $157.4 million, compared to $105.3 million for the first quarter of fiscal year 2026.
•Non-GAAP net income per diluted share for the first quarter of fiscal year 2027 was $4.34, compared to $2.92 for the first quarter of fiscal year 2026.
Share Repurchase Program Expanded
Fabrinet also announced that its Board of Directors has approved an expansion of its share repurchase program, authorizing the repurchase of up to an additional $103.0 million of Fabrinet’s ordinary shares. The addition brings the aggregate authorization under Fabrinet’s existing share repurchase program to $637.3 million.
Business Outlook
Based on information available as of November 2, 2026, Fabrinet is issuing guidance for its second fiscal quarter ending December 25, 2026, as follows:
•Fabrinet expects second quarter revenue to be in the range of $1.6 billion to $1.65 billion.
•GAAP net income per diluted share is expected to be in the range of $3.81 to $3.96, based on approximately 36.2 million fully diluted shares outstanding.
•Non-GAAP net income per diluted share is expected to be in the range of $4.77 to $4.92, based on approximately 36.2 million fully diluted shares outstanding.
Guidance for non-GAAP net income per diluted share excludes share-based compensation expenses and certain non-recurring items. A reconciliation of non-GAAP net income per diluted share to the corresponding GAAP measure is available at the end of this press release.
Conference Call Information
| What: | Fabrinet First Quarter Fiscal Year 2027 Financial Results Call | |||||||
| When: | November 2, 2026 | |||||||
| Time: | 5:00 p.m. ET | |||||||
| Live Call and Replay: | https://investor.fabrinet.com/events-and-presentations/events | |||||||
A recorded version of this webcast will be available approximately two hours after the call and accessible at http://investor.fabrinet.com. The webcast will be archived on Fabrinet’s website for a period of one year.
About Fabrinet
Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People’s Republic of China, and Israel. For more information visit: www.fabrinet.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include (1) our statement relating to our confidence that we will be able to deliver a strong performance in the second quarter of fiscal year 2027 and (2) all of the statements under the “Business Outlook” section regarding our expected revenue, GAAP and non-GAAP net income per share, and fully diluted shares outstanding for the second quarter of fiscal year 2027. These forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: changes in general economic conditions, either globally or in our markets, and the risk of recession or an economic downturn; disruption to our supply chain, which could increase our costs and affect our ability to procure parts and materials; less customer demand for our products and services than forecasted; less growth in the data center, communications infrastructure, automotive, industrial and other markets than we forecast; difficulties expanding into additional markets, such as the semiconductor processing, biotechnology, metrology and materials processing markets; increased competition in the optical manufacturing services markets; difficulties in delivering products and services that compete effectively from a price and performance perspective; our reliance on a small number of customers and suppliers; difficulties in managing our operating costs; difficulties in managing and operating our business across multiple countries (including Thailand, the People’s Republic of China, Israel and the U.S.); and other important factors as described in reports and documents we file from time to time with the Securities and Exchange Commission (SEC), including the factors described under the section captioned “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on August 18, 2026. We disclaim any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
Non-GAAP Financial Measures
In addition to reporting financial results in accordance with GAAP, we provide investors with certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. We believe these non-GAAP financial measures provide investors with useful supplemental information to: (1) measure company performance against historical results, (2) facilitate comparisons to our competitors’ operating results, and (3) allow greater transparency with respect to information used by management in making financial and operational decisions. In addition, we use some of these non-GAAP financial measures to measure company performance for the purposes of determining employee incentive plan compensation.
Non-GAAP gross profit, non-GAAP operating profit, non-GAAP net income and non-GAAP net income per diluted share exclude: share-based compensation expenses; severance payment and others; restructuring and other related costs; legal and litigation costs; non-marketable equity securities revaluation; and charges arising from the implementation or application of the OECD Pillar Two global minimum tax framework, including charges resulting from changes in implementing regulations, administrative guidance or related governmental measures. We have excluded these items in order to enhance investors’ understanding of our underlying operations.
Non-GAAP free cash flow is net cash provided by (used in) operating activities, minus capital expenditures (purchase of property, plant and equipment). We use free cash flow to measure our ability to generate additional cash from our business operations.
There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We urge you to review the reconciliations of our non-GAAP financial measures to the most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business.
Investor Contact:
Garo Toomajanian
ir@fabrinet.com
FABRINET
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in thousands of U.S. dollars, except share data and par value) | September 25, 2026 | June 26, 2026 | |||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | $ | 392,326 | $ | 346,711 | |||||||
| Short-term investments | 363,427 | 528,344 | |||||||||
Trade accounts receivable, net of allowance for expected credit losses of $1,042 and $1,050, respectively | 1,161,412 | 1,017,933 | |||||||||
| Inventories | 1,193,094 | 1,021,235 | |||||||||
| Prepaid expenses | 48,879 | 49,915 | |||||||||
| Other current assets | 262,233 | 195,571 | |||||||||
| Total current assets | 3,421,371 | 3,159,709 | |||||||||
| Non-current assets | |||||||||||
| Long-term restricted cash | 918 | 704 | |||||||||
| Property, plant and equipment, net | 778,230 | 615,067 | |||||||||
| Intangibles, net | 2,278 | 2,458 | |||||||||
| Operating right-of-use assets | 3,613 | 3,974 | |||||||||
| Deferred tax assets | 19,429 | 19,229 | |||||||||
| Non-marketable equity securities | 67,647 | 89,103 | |||||||||
| Other non-current assets | 24,150 | 20,717 | |||||||||
| Total non-current assets | 896,265 | 751,252 | |||||||||
| Total Assets | $ | 4,317,636 | $ | 3,910,961 | |||||||
| Liabilities and Shareholders’ Equity | |||||||||||
| Current liabilities | |||||||||||
| Long-term borrowings, current portion, net | $ | 11,211 | $ | — | |||||||
| Trade accounts payable | 1,269,073 | 1,005,761 | |||||||||
| Fixed assets payable | 96,037 | 86,018 | |||||||||
| Operating lease liabilities, current portion | 926 | 1,189 | |||||||||
| Income tax payable | 85,507 | 63,469 | |||||||||
| Accrued payroll, bonus and related expenses | 32,208 | 29,850 | |||||||||
| Accrued expenses | 36,676 | 56,549 | |||||||||
| Severance liabilities, current portion | 2,315 | 2,319 | |||||||||
| Other payables | 143,640 | 157,470 | |||||||||
| Total current liabilities | 1,677,593 | 1,402,625 | |||||||||
| Non-current liabilities | |||||||||||
| Long-term borrowings, non-current portion, net | 63,528 | — | |||||||||
| Deferred tax liability | 2,519 | 1,654 | |||||||||
| Operating lease liability, non-current portion | 2,655 | 2,824 | |||||||||
| Severance liabilities | 32,843 | 31,776 | |||||||||
| Other non-current liabilities | 22,444 | 17,826 | |||||||||
| Total non-current liabilities | 123,989 | 54,080 | |||||||||
| Total Liabilities | 1,801,582 | 1,456,705 | |||||||||
| Shareholders’ equity | |||||||||||
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of September 25, 2026 and June 26, 2026) | — | — | |||||||||
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 39,797,868 shares and 39,722,708 shares issued as of September 25, 2026 and June 26, 2026, respectively; and 35,833,303 shares and 35,834,864 shares outstanding as of September 25, 2026 and June 26, 2026, respectively) | 398 | 397 | |||||||||
| Additional paid-in capital | 241,623 | 251,854 | |||||||||
| Less: Treasury shares (3,964,565 shares and 3,887,844 shares as of September 25, 2026 and June 26, 2026, respectively) | (394,430) | (365,287) | |||||||||
| Accumulated other comprehensive income (loss) | (1,358) | 968 | |||||||||
| Retained earnings | 2,669,821 | 2,566,324 | |||||||||
| Total Shareholders’ Equity | 2,516,054 | 2,454,256 | |||||||||
| Total Liabilities and Shareholders’ Equity | $ | 4,317,636 | $ | 3,910,961 | |||||||
FABRINET
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended | |||||||||||||||||||||||
| (in thousands of U.S. dollars, except per share data) | September 25, 2026 | September 26, 2025 | |||||||||||||||||||||
| Revenues | $ | 1,474,459 | $ | 978,128 | |||||||||||||||||||
| Cost of revenues | (1,300,661) | (861,689) | |||||||||||||||||||||
| Gross profit | 173,798 | 116,439 | |||||||||||||||||||||
| Selling, general and administrative expenses | (26,744) | (22,246) | |||||||||||||||||||||
| Restructuring and other related costs | (1,049) | — | |||||||||||||||||||||
| Operating income | 146,005 | 94,193 | |||||||||||||||||||||
| Interest income | 5,539 | 9,417 | |||||||||||||||||||||
| Interest expense | (231) | — | |||||||||||||||||||||
| Foreign exchange gain (loss), net | (220) | (2,060) | |||||||||||||||||||||
| Other income (expense), net | (21,592) | (122) | |||||||||||||||||||||
| Income before income taxes | 129,501 | 101,428 | |||||||||||||||||||||
| Income tax expense | (26,004) | (5,502) | |||||||||||||||||||||
| Net income | 103,497 | 95,926 | |||||||||||||||||||||
| Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||
| Change in net unrealized gain (loss) on available-for-sale securities | (4,145) | (811) | |||||||||||||||||||||
| Change in net unrealized gain (loss) on derivative instruments | 1,812 | (2,062) | |||||||||||||||||||||
| Change in foreign currency translation adjustment | 7 | (89) | |||||||||||||||||||||
| Total other comprehensive income (loss), net of tax | (2,326) | (2,962) | |||||||||||||||||||||
| Net comprehensive income | $ | 101,171 | $ | 92,964 | |||||||||||||||||||
| Earnings per share | |||||||||||||||||||||||
| Basic | $ | 2.89 | $ | 2.68 | |||||||||||||||||||
| Diluted | $ | 2.86 | $ | 2.66 | |||||||||||||||||||
Weighted-average number of ordinary shares outstanding (in thousands of shares) | |||||||||||||||||||||||
| Basic | 35,866 | 35,773 | |||||||||||||||||||||
| Diluted | 36,233 | 36,097 | |||||||||||||||||||||
FABRINET
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended | |||||||||||
| (in thousands of U.S. dollars) | September 25, 2026 | September 26, 2025 | |||||||||
| Cash flows from operating activities | |||||||||||
| Net income for the period | $ | 103,497 | $ | 95,926 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
| Depreciation and amortization | 21,700 | 14,860 | |||||||||
| (Gain) loss on disposal of property, plant and equipment and intangibles | (124) | (6) | |||||||||
| (Gain) loss on non-marketable equity securities | 21,456 | — | |||||||||
| (Gain) loss from sales and maturities of available-for-sale securities | (73) | — | |||||||||
| Amortization of discount (premium) of short-term investments | (707) | (1,222) | |||||||||
| Inventory obsolescence impairment | 6,333 | 2,290 | |||||||||
| (Reversal of) allowance for expected credit losses | (8) | (45) | |||||||||
| Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts | 4,095 | 461 | |||||||||
| Share-based compensation | 11,225 | 9,071 | |||||||||
| Customer warrant | 2,455 | 286 | |||||||||
| Deferred income tax expense (benefit) | 608 | (106) | |||||||||
| Other non-cash expenses | 135 | 66 | |||||||||
| Changes in operating assets and liabilities | |||||||||||
| Trade accounts receivable | (143,301) | 51,821 | |||||||||
| Inventories | (178,192) | (143,469) | |||||||||
| Other current assets and non-current assets | (81,171) | (13,579) | |||||||||
| Trade accounts payable | 262,069 | 59,508 | |||||||||
| Income tax payable | 22,038 | 2,993 | |||||||||
| Accrued expenses | (19,791) | (2,539) | |||||||||
| Other payables | (15,425) | 23,284 | |||||||||
| Severance liabilities | 1,112 | 826 | |||||||||
| Other current liabilities and non-current liabilities | 3,356 | 2,142 | |||||||||
| Net cash provided by operating activities | 21,287 | 102,568 | |||||||||
| Cash flows from investing activities | |||||||||||
| Purchase of short-term investments | (996) | (110,329) | |||||||||
| Proceeds from sales of short-term investments | 111,848 | — | |||||||||
| Proceeds from maturities of short-term investments | 50,700 | 74,789 | |||||||||
| Purchase of property, plant and equipment | (158,698) | (45,266) | |||||||||
| Purchase of intangibles | (239) | (169) | |||||||||
| Proceeds from disposal of property, plant and equipment | 150 | 15 | |||||||||
| Net cash provided by (used in) investing activities | 2,765 | (80,960) | |||||||||
| Cash flows from financing activities | |||||||||||
| Proceeds from long-term borrowings | 74,828 | — | |||||||||
| Repurchase of ordinary shares | (29,143) | (268) | |||||||||
| Withholding tax related to net share settlement of restricted share units | (23,910) | (22,697) | |||||||||
| Net cash provided by (used in) financing activities | 21,775 | (22,965) | |||||||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | $ | 45,827 | $ | (1,357) | |||||||
| Movement in cash, cash equivalents and restricted cash | |||||||||||
| Cash, cash equivalents and restricted cash at the beginning of period | $ | 347,415 | $ | 306,425 | |||||||
| Increase (decrease) in cash, cash equivalents and restricted cash | 45,827 | (1,357) | |||||||||
| Effect of exchange rate on cash, cash equivalents and restricted cash | 2 | (67) | |||||||||
| Cash, cash equivalents and restricted cash at the end of period | $ | 393,244 | $ | 305,001 | |||||||
| Non-cash investing and financing activities | |||||||||||
| Construction, software and equipment-related payables | $ | 96,037 | $ | 50,941 | |||||||
FABRINET
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:
| As of | |||||||||||
| (in thousands of U.S. dollars) | September 25, 2026 | September 26, 2025 | |||||||||
| Cash and cash equivalents | $ | 392,326 | $ | 305,001 | |||||||
| Restricted cash | 918 | — | |||||||||
| Cash, cash equivalents and restricted cash | $ | 393,244 | $ | 305,001 | |||||||
FABRINET
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (UNAUDITED)
Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin
| Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
| (in thousands of U.S. dollars) | September 25, 2026 | September 26, 2025 | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 1,474,459 | $ | 978,128 | |||||||||||||||||||||||||||||||||||||||||||
| Gross profit (GAAP) | $ | 173,798 | 11.8 | % | $ | 116,439 | 11.9 | % | |||||||||||||||||||||||||||||||||||||||
| Share-based compensation expenses | 4,203 | 3,519 | |||||||||||||||||||||||||||||||||||||||||||||
| Gross profit (Non-GAAP) | $ | 178,001 | 12.1 | % | $ | 119,958 | 12.3 | % | |||||||||||||||||||||||||||||||||||||||
Reconciliation of GAAP Operating Profit and GAAP Operating Margin to Non-GAAP Operating Profit and Non-GAAP Operating Margin
| Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
| (in thousands of U.S. dollars) | September 25, 2026 | September 26, 2025 | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 1,474,459 | $ | 978,128 | |||||||||||||||||||||||||||||||||||||||||||
| Operating profit (GAAP) | $ | 146,005 | 9.9 | % | $ | 94,193 | 9.6 | % | |||||||||||||||||||||||||||||||||||||||
| Share-based compensation expenses | 11,225 | 9,071 | |||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and other related costs | 1,049 | — | |||||||||||||||||||||||||||||||||||||||||||||
| Severance payment and others | 158 | 72 | |||||||||||||||||||||||||||||||||||||||||||||
| Legal and litigation costs | 99 | 256 | |||||||||||||||||||||||||||||||||||||||||||||
| Operating profit (Non-GAAP) | $ | 158,536 | 10.8 | % | $ | 103,592 | 10.6 | % | |||||||||||||||||||||||||||||||||||||||
FABRINET
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (UNAUDITED)
Reconciliation of GAAP Net Income and EPS to Non-GAAP Net Income and EPS
| Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
| September 25, 2026 | September 26, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
| (in thousands of U.S. dollars, except per share data) | Net income | Diluted EPS | Net income | Diluted EPS | |||||||||||||||||||||||||||||||||||||||||||
| GAAP measures | $ | 103,497 | $ | 2.86 | $ | 95,926 | $ | 2.66 | |||||||||||||||||||||||||||||||||||||||
| Items reconciling GAAP net income & EPS to non-GAAP net income & EPS: | |||||||||||||||||||||||||||||||||||||||||||||||
| Related to cost of revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation expenses | 4,203 | 0.12 | 3,519 | 0.10 | |||||||||||||||||||||||||||||||||||||||||||
| Total related to cost of revenues | 4,203 | 0.12 | 3,519 | 0.10 | |||||||||||||||||||||||||||||||||||||||||||
| Related to selling, general and administrative expenses: | |||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation expenses | 7,022 | 0.19 | 5,552 | 0.15 | |||||||||||||||||||||||||||||||||||||||||||
| Legal and litigation costs | 99 | 0.00 | 256 | 0.01 | |||||||||||||||||||||||||||||||||||||||||||
| Severance payment and others | 158 | 0.00 | 72 | 0.00 | |||||||||||||||||||||||||||||||||||||||||||
| Total related to selling, general and administrative expenses | 7,279 | 0.19 | 5,880 | 0.16 | |||||||||||||||||||||||||||||||||||||||||||
| Related to restructuring and other related costs: | |||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and other related costs | 1,049 | 0.03 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Total related to restructuring and other related costs | 1,049 | 0.03 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Related to other income and expense: | |||||||||||||||||||||||||||||||||||||||||||||||
| Non-marketable equity securities revaluation | 21,456 | 0.59 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Total related to other income and expense | 21,456 | 0.59 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Related to income tax (benefit) expense | |||||||||||||||||||||||||||||||||||||||||||||||
| Tax provision related to Pillar Two | 19,885 | 0.55 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Total related to income tax (benefit) expense | 19,885 | 0.55 | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Total related to net income & EPS | 53,872 | 1.48 | 9,399 | 0.26 | |||||||||||||||||||||||||||||||||||||||||||
| Non-GAAP measures | $ | 157,369 | $ | 4.34 | $ | 105,325 | $ | 2.92 | |||||||||||||||||||||||||||||||||||||||
| Shares used in computing diluted net income per share (in thousands of shares) | |||||||||||||||||||||||||||||||||||||||||||||||
| GAAP diluted shares | 36,233 | 36,097 | |||||||||||||||||||||||||||||||||||||||||||||
| Non-GAAP diluted shares | 36,233 | 36,097 | |||||||||||||||||||||||||||||||||||||||||||||
FABRINET
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED)
| (in thousands of U.S. dollars) | Three Months Ended | |||||||||||||||||||||||||
| September 25, 2026 | September 26, 2025 | |||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 21,287 | $ | 102,568 | ||||||||||||||||||||||
| Less: Purchase of property, plant and equipment | (158,698) | (45,266) | ||||||||||||||||||||||||
| Non-GAAP free cash flow | $ | (137,411) | $ | 57,302 | ||||||||||||||||||||||
FABRINET
GUIDANCE FOR QUARTER ENDING DECEMBER 25, 2026
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
Diluted EPS | |||||
| GAAP net income per diluted share | $3.81 to $3.96 | ||||
| Related to cost of revenues: | |||||
| Share-based compensation expenses | 0.11 | ||||
| Total related to cost of revenues | 0.11 | ||||
| Related to selling, general and administrative expenses: | |||||
| Share-based compensation expenses | 0.25 | ||||
| Total related to selling, general and administrative expenses | 0.25 | ||||
| Related to income tax (benefit) expense: | |||||
| Tax provision related to Pillar Two | 0.60 | ||||
| Total related to income tax (benefit) expense | 0.60 | ||||
| Total related to net income & EPS | 0.96 | ||||
| Non-GAAP net income per diluted share | $4.77 to $4.92 | ||||