Fabrinet (NYSE:FN) Updates Q1 2027 Earnings Guidance

Fabrinet (NYSE:FN) updated its first quarter 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.100-4.250 for the period, compared to the consensus estimate of 3.950. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion.

Fabrinet Price Performance

Shares of NYSE FN traded up $28.28 during mid-day trading on Monday, reaching $598.50. 1,541,695 shares of the company’s stock traded hands, compared to its average volume of 830,153. The business has a 50-day simple moving average of $526.47 and a 200 day simple moving average of $569.40. The stock has a market cap of $21.44 billion, a P/E ratio of 51.42 and a beta of 1.23. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results on Tuesday, August 18th. The technology company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts anticipate that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FN shares. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC lowered their price target on Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Rosenblatt Securities lifted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $643.00.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by insiders.

Trending Headlines about Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Results exceeded expectations: Fourth-quarter revenue reached a record $1.316 billion, up 45% year over year and above guidance. Non-GAAP EPS was $4.10, beating analysts’ consensus estimate of $3.81. GAAP net income rose to $139.3 million, or $3.83 per diluted share, from $87.2 million, or $2.42, a year earlier. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Full-year momentum was strong: Fiscal 2026 revenue increased 36% to $4.64 billion, while GAAP net income climbed 42% to $473.0 million. Non-GAAP full-year EPS reached a record $14.09, compared with $10.17 in fiscal 2025. Management cited multiple growth drivers across its optical packaging and precision manufacturing businesses. Fabrinet Reports Record Fourth Quarter and Fiscal 2026 Revenue Growth of 36%
• Positive Sentiment: Fiscal 2027 began with constructive guidance: Fabrinet expects first-quarter revenue of $1.375 billion to $1.425 billion and non-GAAP EPS of $4.10 to $4.25, supporting continued year-over-year growth and reinforcing management’s upbeat outlook.
• Neutral Sentiment: Executive incentives were updated: Fabrinet announced changes to executive incentive arrangements alongside its earnings release. The update may align management compensation with performance goals, but the company did not provide enough detail in the available report to assess a material financial impact. Fabrinet Reports Record Earnings and Updates Executive Incentives
• Negative Sentiment: Investors should monitor quality of earnings and execution risks: A $56.7 million gain from non-marketable equity securities and a $57.4 million Pillar Two tax provision affected GAAP results and were excluded from non-GAAP figures. Fabrinet also reported substantial capital spending and working-capital investment, while citing supply-chain, customer-concentration and demand risks.
• Negative Sentiment: Insider selling remains a secondary caution: Insider Thomas F. Kelly sold 1,850 shares, worth an estimated $1.15 million, during the past six months, with no reported insider purchases.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FN. Evergreen Capital Management LLC grew its stake in shares of Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after acquiring an additional 31 shares during the period. Larson Financial Group LLC raised its stake in Fabrinet by 25.8% during the 3rd quarter. Larson Financial Group LLC now owns 161 shares of the technology company’s stock worth $59,000 after acquiring an additional 33 shares during the period. UMB Bank n.a. raised its stake in Fabrinet by 9.5% during the 4th quarter. UMB Bank n.a. now owns 497 shares of the technology company’s stock worth $226,000 after acquiring an additional 43 shares during the period. &PARTNERS lifted its holdings in Fabrinet by 7.4% during the fourth quarter. &PARTNERS now owns 669 shares of the technology company’s stock valued at $306,000 after purchasing an additional 46 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Fabrinet by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 6,628 shares of the technology company’s stock worth $3,018,000 after purchasing an additional 47 shares during the period. Institutional investors own 97.38% of the company’s stock.

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.