Fabrinet reported revenues of $1,474.5 million for the three months ended September 25, 2026, up 50.8% as data center demand surged; net income reached $103.5 million, while operating income rose 55.0% to $146.0 million.
FN · Fabrinet
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Fabrinet reported fiscal 2027 first-quarter revenue of $1.474 billion, up 51%, and record non-GAAP EPS of $4.34, both above guidance. Building 11 was planned for approximately 1.5 million square feet and approximately $3 billion of incremental revenue capacity.
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.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q1 FY27 earnings call · Nov 2, 2026TL;DR. Q1 revenue increased 51% to $1.474 billion, record non-GAAP EPS reached $4.34, all three major revenue categories grew, and Q2 guidance includes revenue of $1.6 billion to $1.65 billion, GAAP EPS of $3.81 to $3.96 and non-GAAP EPS of $4.77 to $4.92. Capacity expansion and new program opportunities support growth, while gross-margin FX and merit-increase pressure, tax-expense variability, tight component supply and a $137 million free-cash-flow outflow remain risks.
- + Q1 revenue increased 51% year over year to $1.474 billion, and record non-GAAP EPS of $4.34 was also well above guidance. new
- + New data center, optical circuit switch, multi-rail, NPO and CPO programs provide additional growth opportunities. new
- + Non-GAAP operating margin increased 20 basis points year over year despite lower gross margin. new
- + The board expanded the aggregate share-repurchase authorization to $637.3 million. new
- − Non-GAAP gross margin declined 20 basis points year over year, primarily because of foreign-exchange headwinds. new
- − Non-GAAP gross margin declined 10 basis points sequentially, primarily because of annual merit increases effective in the first quarter. new
- − Reported tax expense is expected to vary because Thailand tax credits intended to mitigate Pillar 2 have not yet been implemented. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Non-GAAP free cash flow non-GAAP | -137.41M | Three Months Ended September 25, 2026 | — |
| Non-GAAP net income non-GAAP | $157.4M | the first quarter of fiscal year 2027 | — |
| Non-GAAP net income per diluted share non-GAAP | $4.34 | the first quarter of fiscal year 2027 | — |
| Total revenues, by percentage, from Amazon.com, Inc. | 10.5% | fiscal 2026 filing | — |
| Total revenues, by percentage, from Cisco Systems, Inc. | 19.9% | fiscal 2026 filing | — |
| Total revenues, by percentage, from Nokia Corporation | 10.7% | fiscal 2026 filing | — |
| Total revenues, by percentage, from NVIDIA Corporation | 16.3% | fiscal 2026 filing | — |
| Non-GAAP Operating Margin non-GAAP | 10.8% | Year Ended June 26, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Electronic Components — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FN
this stock
Fabrinet
|
$11.71B | -28.0% | +35.7% | 24.8 | 4.6% |
|
APH
Amphenol Corp
|
$193.17B | — | +51.7% | 34.1 | 1.1% |
|
GLW
Corning Inc
|
$98.27B | +30.3% | +19.1% | 46.4 | 1.9% |
|
TEL
TE Connectivity plc
|
$62.02B | -4.9% | +15.2% | 19.6 | 2.0% |
|
MRAAF
Murata Manufacturing Co., Ltd.
|
$57.31B | +41.0% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 3, 2026
- This year
- 12
Fabrinet reported revenues of $1,474.5 million for the three months ended September 25, 2026, up 50.8% as data center demand surged; net income reached $103.5 million, while operating income rose 55.0% to $146.0 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FN | +0.3% | -9.8% | -51.8% | +0.2% | -28.0% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -2.3% | -8.6% | -52.3% | +0.4% | -38.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.