Fabrinet (NYSE:FN) Releases Q3 2026 Earnings Guidance

Fabrinet (NYSE:FN) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.450-3.600 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Fabrinet Trading Down 10.2%

Shares of FN stock opened at $448.70 on Wednesday. The business’s fifty day simple moving average is $473.87 and its 200-day simple moving average is $407.13. Fabrinet has a 12-month low of $148.55 and a 12-month high of $531.22. The company has a market cap of $16.08 billion, a PE ratio of 42.98 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 19.16%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FN has been the topic of several analyst reports. Northland Securities set a $600.00 price target on Fabrinet in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a research note on Tuesday. Barclays increased their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Susquehanna raised their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $507.50.

Insider Activity

In related news, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director directly owned 18,789 shares of the company’s stock, valued at $8,720,726.46. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Homa Bahrami sold 3,500 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the sale, the director directly owned 18,316 shares in the company, valued at $8,310,885. This represents a 16.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,151 shares of company stock valued at $12,643,707. 0.24% of the stock is currently owned by company insiders.

Fabrinet News Summary

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Record Q2 results — revenue jumped ~36% Y/Y (to ~$1.13B) and EPS beat consensus, marking one of the company’s strongest growth quarters since IPO, reinforcing the AI/hyperscale demand story. Fabrinet Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Raised Q3 FY2026 guidance — EPS range and revenue target came in above Street expectations, signaling management sees continued demand and capacity-driven growth. Fabrinet Announces Second Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Analysts reiterating bullish ratings and high price targets citing capacity expansion and hyperscale demand support a longer-term buy thesis. Fabrinet: Capacity Expansion and Hyperscale Demand Drive Compelling Long-Term Growth and Support Buy Rating
• Neutral Sentiment: Earnings call and slide deck are available for detail review — useful for investors parsing backlog, customer commentary, FX impact and capex plans. Fabrinet (FN) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Shares fell sharply despite the beat — market reaction suggests profit-taking after a strong run and that some investors were disappointed by specific metrics or forward-looking nuances. Fabrinet falls despite Q2, outlook beat, while analysts remain bullish
• Negative Sentiment: Reported secondary concerns in some summaries — weaker cash from operations, a sharp rise in capex, lower cash balances and notable insider selling were highlighted and may have amplified downside pressure. Fabrinet (FN) Stock Falls on Q2 2026 Earnings

Hedge Funds Weigh In On Fabrinet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its stake in shares of Fabrinet by 25.8% during the third quarter. Larson Financial Group LLC now owns 161 shares of the technology company’s stock worth $59,000 after purchasing an additional 33 shares during the last quarter. Advisory Services Network LLC acquired a new position in Fabrinet in the 3rd quarter valued at $83,000. Employees Retirement System of Texas purchased a new position in Fabrinet during the 3rd quarter worth $113,000. EverSource Wealth Advisors LLC lifted its stake in shares of Fabrinet by 574.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares during the period. Finally, Cadence Bank purchased a new stake in shares of Fabrinet in the third quarter valued at about $202,000. 97.38% of the stock is owned by institutional investors and hedge funds.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.