FN
Fabrinet451.16
-18.86-4.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
HPC ramp details, CPO progress surface
Q&A unpacked HPC ramp progress: over halfway to north-of-$150M quarterly run-rate on qualifying lines, with paths to bigger share or new customers like hyperscalers. CPO engagements span three customers with initial revenue flowing, while OCS projects excite sans timelines. Datacom supply eases via approved second laser source; DCI demand robust but lumpy. Capacity pull-ins detailed—250k sq ft Building 10 by mid-year, 120k Pinehurst now—with tiny downside risk. Analysts grilled constraints and pipelines; management answered crisply, no hedges. HPC growth lumpy, yet all key segments grow sequentially bar auto. Demand outstrips capacity—still.
Key Stats
Market Cap
16.16BP/E (TTM)
46.51Basic EPS (TTM)
9.70Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Fabrinet crushed Q2 FY2026 with revenues leaping 35.9% y/y to $1.13B, fueled by optical comms (73.5%) and non-optical growth in automotive and high-performance computing; gross margin held steady at 12.2% while operating income surged 43.7% y/y to $114.4M. Diluted EPS hit $3.11, matching 36.3M shares. Cash from operations reached $148.8M (FCF not disclosed in the 10-Q); quarter-end cash plus short-term investments topped $960.8M with no debt drawn on $30M facility. Inventories ballooned to support demand. Customers wield pricing power.
8-K
Record Q2 revenue beats
8-K
Shareholders approve directors, auditors
Fabrinet shareholders overwhelmingly approved key items at its December 11, 2025 Annual Meeting, with 95.0% of shares present. They elected Dr. Homa Bahrami and Caroline Dowling as Class I directors for three years, ratified PricewaterhouseCoopers ABAS Ltd. as auditors for fiscal year ending June 26, 2026, and backed executive compensation on an advisory basis. Strong support signals board continuity.
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.
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