FN
Fabrinet451.16
-18.86-4.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q1 '26
Q&A colors ramps, pipelines
Q&A reinforces Fabrinet's scripted momentum without contradictions, but adds color on HPC's first program ramping despite complexity—pursuing multiple customers—and datacom diversification via hyperscaler direct and merchant wins, with 18-month gestation. Seamus ranked Q2's ~$100M sequential growth across HPC, new telecom, DCI, and stronger-than-expected datacom; demand unconstrained. Ramps differ sharply. Buybacks automated via 10b5-1 amid CapEx for Building 10's $2.4B capacity; components tight another quarter or two. Management stayed optimistic; investors eye pipeline conversions.
Key Stats
Market Cap
16.16BP/E (TTM)
46.51Basic EPS (TTM)
9.70Dividend Yield
0%Recent Filings
8-K
10-Q
Q1 FY2026 results
Fabrinet surged revenues 21.6% y/y to $978.1M for Q1 FY2026 ended September 26, 2025, with optical communications up 19.3% y/y to 76.4% of total and non-optical (led by automotive) jumping 30.0% y/y. Gross margin slipped to 11.9% from 12.3%, yet operating income climbed 22.5% y/y to $94.2M on volume leverage; diluted EPS rose to $2.66 from $2.13, confirmed against 36,097K shares. Operating cash flow hit $102.6M, free cash flow $57.3M (derived); cash plus short-term investments stood at $968.8M with no debt drawn on $30M facility. Inventories ballooned to support demand. Customers wield pricing power.
8-K
Record Q1 revenue beats
Fabrinet posted record Q1 FY2026 revenue of $978.1 million, up from $804.2 million a year ago, fueled by robust telecom, early high-performance computing gains, and milder datacom drop. GAAP net income hit $95.9 million ($2.66/share); non-GAAP $105.3 million ($2.92/share), reconciled in filing. Q2 guidance eyes $1.05-1.10 billion revenue. Tailwinds build momentum.
8-K
Mitchell retires; Grady named Chairman
Fabrinet's founder and Chairman David T. Mitchell retired from the board on October 13, 2025, after 25 years steering the company from startup to a $3.4 billion revenue powerhouse in fiscal 2025. No disagreements prompted his exit. CEO Seamus Grady steps in as Chairman for seamless continuity. Leadership transitions like this test enduring strategies.
8-K
Fabrinet appoints Dowling to board
Fabrinet appointed Caroline Dowling to its board on October 13, 2025, as a Class I director until the next annual meeting. With over 20 years at Flex leading telecommunications and cloud data centers, she adds deep EMS and supply chain expertise. Her insights will guide complex manufacturing strategies. No committee assignments yet.
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