Jun 2026 (Q4 FY26) — Aug 17, 2026
Fabrinet Q4 FY26 — Record Revenue and EPS Driven by Data Center and Communications Infrastructure Growth
Read the full callFabrinet (FN) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Fabrinet earnings: last reported Mon, 17 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,316 | +44.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.2 | +0.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 139 | +59.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
32 of 36 judged targets kept · 20 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive revenue sequential direction | another modest sequential decline in automotive revenue | Dec 2025 | Automotive revenue declined slightly as anticipated to $115 million, while Industrial Laser revenue increased to $44 million. | Achieved |
| Datacom revenue sequential direction | grow sequentially in Q3 FY26 | Dec 2025 | Datacom revenue of $260 million increased 4% from a year ago but moderated 6% from Q2 due to broadening component and material supply constraints in the quarter. | Missed |
| First HPC program fully ramped to a revenue level north of $150 million | fully ramped over the next 2 quarters, north of about $150 million when fully ramped | Dec 2025 | Because of this technology transition, we now believe that $150 million mark will be pushed out by maybe 1 quarter. | Delayed |
4 of Fabrinet's 56 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 53 more targets are in the full ledger.
Claimed
- Q4 revenue reached a record $1.316 billion, increasing 45% year-over-year and exceeding the top end of guidance.
- Non-GAAP EPS was $4.10, also above guidance, contributing to a record FY26 non-GAAP EPS of $14.09, up 39% YoY.
- Data Center revenue grew 68% year-over-year to $669 million, now representing 51% of total revenue, with DCI run rate exceeding $1 billion.
- Communications Infrastructure revenue increased 40% year-over-year to $413 million, driven by broad-based demand.
- Aggressive capacity expansion, including the acquisition of a new 130,000 sq ft campus in Santa Clara and commissioning of a 200,000 sq ft facility in Nava Nakorn, positions the company for future growth.
Qualified
- Q4 free cash flow was an outflow of $37 million, primarily due to increased capital expenditures of $92 million for capacity expansion.
- Non-GAAP gross margin declined 30 basis points year-over-year to 12.2%.
- A $57.4 million provision was recorded for Thailand's top-up tax regime, reflecting the first year application of the new framework.
Price
$362.69 −0.23% · −$0.82
Performance −11.5% 1Y
1Y: $409.9 on 17 Oct 2025 → $362.69. High $746.47 (14 May 2026), low $362.69 (19 Oct 2026).
- Previous close
- $363.51
- 52-week range
- $362.69 – $746.47
- One year
- −11.01%
Overview
- Symbol
- FN
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
32 of 36 judged targets kept · 20 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive revenue sequential direction | another modest sequential decline in automotive revenue | Dec 2025 | Automotive revenue declined slightly as anticipated to $115 million, while Industrial Laser revenue increased to $44 million. | Achieved |
| Datacom revenue sequential direction | grow sequentially in Q3 FY26 | Dec 2025 | Datacom revenue of $260 million increased 4% from a year ago but moderated 6% from Q2 due to broadening component and material supply constraints in the quarter. | Missed |
| First HPC program fully ramped to a revenue level north of $150 million | fully ramped over the next 2 quarters, north of about $150 million when fully ramped | Dec 2025 | Because of this technology transition, we now believe that $150 million mark will be pushed out by maybe 1 quarter. | Delayed |
Claimed
- Q4 revenue reached a record $1.316 billion, increasing 45% year-over-year and exceeding the top end of guidance.
- Non-GAAP EPS was $4.10, also above guidance, contributing to a record FY26 non-GAAP EPS of $14.09, up 39% YoY.
- Data Center revenue grew 68% year-over-year to $669 million, now representing 51% of total revenue, with DCI run rate exceeding $1 billion.
- Communications Infrastructure revenue increased 40% year-over-year to $413 million, driven by broad-based demand.
- Aggressive capacity expansion, including the acquisition of a new 130,000 sq ft campus in Santa Clara and commissioning of a 200,000 sq ft facility in Nava Nakorn, positions the company for future growth.
Qualified
- Q4 free cash flow was an outflow of $37 million, primarily due to increased capital expenditures of $92 million for capacity expansion.
- Non-GAAP gross margin declined 30 basis points year-over-year to 12.2%.
- A $57.4 million provision was recorded for Thailand's top-up tax regime, reflecting the first year application of the new framework.
The full ledger
Open Fabrinet’s full ledger
A free account opens 5 company ledgers a month. All 56 tracked commitments, with each call’s wording and source.
Call summaries
Every analysed call
Fabrinet earnings calls (FN)
Financials
What the filings say
Net profit, year on year: +60% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 804 | 834 | 872 | 910 | 978 | 1,133 | 1,214 | 1,316 |
| Operating profit | 77 | 80 | 79 | 89 | 94 | 114 | 120 | 134 |
| Operating margin | 9.6% | 9.6% | 9.1% | 9.8% | 9.6% | 10.1% | 9.9% | 10.2% |
| Interest | 0 | 0 | 0 | 0 | — | — | — | — |
| Profit before tax | 81 | 95 | 86 | 93 | 101 | 120 | 134 | 200 |
| Tax rate | 4.2% | 8.7% | 5.8% | 6.5% | 5.4% | 5.9% | 6.7% | 30.3% |
| Net profit | 77 | 87 | 81 | 87 | 96 | 113 | 125 | 139 |
| EPS ($ per share) | 2.14 | 2.40 | 2.26 | — | 2.68 | 3.14 | 3.49 | — |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 755 | 868 | 1,016 | 1,217 | 1,465 | 1,761 | 2,093 | 2,566 |
| Total liabilities | 392 | 408 | 504 | 582 | 511 | 593 | 850 | 1,457 |
| Fixed assets | 211 | 228 | 241 | 292 | 310 | 307 | 381 | 615 |
| Investments | 201 | 210 | 203 | 249 | 278 | 449 | 628 | 528 |
| Total assets | 1,255 | 1,382 | 1,616 | 1,836 | 1,980 | 2,339 | 2,831 | 3,911 |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 147 | 151 | 122 | 124 | 213 | 413 | 328 | 257 |
| Cash from investing | -98 | -71 | -9 | -136 | -99 | -170 | -286 | -184 |
| Cash from financing | -23 | -35 | -43 | -93 | -81 | -65 | -147 | -31 |
| Capital expenditure | -19 | -42 | -46 | -90 | -61 | -48 | -121 | -253 |
| Free cash flow | 129 | 108 | 76 | 35 | 152 | 366 | 207 | 4 |
FN revenue by segment
Optical Communications shrank from 76% to 73% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Optical Communications | — | 78% | 78% | 75% | 76% | 76% | 73% | 73% | +35.2% |
| Non Optical Communications | 19% | 22% | 22% | 25% | 24% | 24% | 27% | 27% | +51.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q4 FY2026 · share of revenue
- TH 211% ↑ 209 pt
- Asia Pacific 154% ↑ 99 pt
- SG 15% ↑ 14 pt
- CN 3% ↑ 1 pt
- Asia Pacific Other 2% ↑ 1 pt
- MY 2% ↑ 1 pt
- Europe Other 1% ↓ 1 pt
- DE 1%
- North America Other 1% ↑ 1 pt
- JP <1%
- KY 0%
- GB -13% ↓ 17 pt
- Europe -13% ↓ 20 pt
- North America -40% ↓ 79 pt
- US -47% ↓ 85 pt
- IL -47% ↓ 83 pt
As FN cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
51 filings between Nov 26, 2025 and Sep 3, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$17.02M
15 sales by 5 insiders
Compensation
not trading decisions- 17
- Award — granted as compensation
- 16
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Grady Seamus | — | $10.03M | Nov 26, 2025 |
| Bahrami Homa | — | $3.37M | May 22, 2026 |
| KELLY THOMAS F | — | $2.18M | Feb 25, 2026 |
| Archer Edward T. | — | $964.8K | Sep 3, 2026 |
| Knight Darlene S. | — | $477.1K | Dec 5, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 3, 2026 | Archer Edward T. EVP, Sales & Marketing | Sale | 1,080 | $417.2K |
| Sep 3, 2026 | Archer Edward T. EVP, Sales & Marketing | Sale | 1,420 | $547.5K |
| Aug 24, 2026 | Gill Harpal PRESIDENT & COO | Tax withheld | 1,840 | $774.9K |
| Aug 24, 2026 | Archer Edward T. EVP, Sales & Marketing | Tax withheld | 849 | $357.5K |
| Aug 24, 2026 | Grady Seamus Chief Executive Officer | Tax withheld | 2,943 | $1.24M |
| Aug 24, 2026 | Sverha Csaba Chief Financial Officer | Tax withheld | 321 | $135.2K |
| Aug 22, 2026 | Gill Harpal PRESIDENT & COO | Tax withheld | 1,168 | $510.0K |
| Aug 22, 2026 | Sverha Csaba Chief Financial Officer | Tax withheld | 217 | $94.8K |
| Aug 22, 2026 | Grady Seamus Chief Executive Officer | Tax withheld | 1,821 | $795.2K |
| Aug 22, 2026 | Archer Edward T. EVP, Sales & Marketing | Tax withheld | 550 | $240.2K |
| Aug 21, 2026 | Sverha Csaba Chief Financial Officer | Tax withheld | 213 | $93.0K |
| Aug 21, 2026 | Grady Seamus Chief Executive Officer | Tax withheld | 2,044 | $892.6K |
| Aug 21, 2026 | Archer Edward T. EVP, Sales & Marketing | Tax withheld | 546 | $238.4K |
| Aug 21, 2026 | Gill Harpal PRESIDENT & COO | Tax withheld | 1,123 | $490.4K |
| Aug 20, 2026 | Archer Edward T. EVP, Sales & Marketing | Award | 2,024 | $0 |
| Aug 20, 2026 | Grady Seamus Chief Executive Officer | Award | 22,479 | $0 |
| Aug 20, 2026 | Sverha Csaba Chief Financial Officer | Award | 2,698 | $0 |
| Aug 20, 2026 | Gill Harpal PRESIDENT & COO | Award | 4,271 | $0 |
| Aug 11, 2026 | Grady Seamus Chief Executive Officer | Tax withheld | 10,806 | $5.68M |
| Aug 11, 2026 | Sverha Csaba Chief Financial Officer | Tax withheld | 1,286 | $676.3K |
| Aug 11, 2026 | Sverha Csaba Chief Financial Officer | Award | 3,739 | $0 |
| Aug 11, 2026 | Sverha Csaba Chief Financial Officer | Award | 3,820 | $0 |
| Aug 11, 2026 | Archer Edward T. EVP, Sales & Marketing | Tax withheld | 3,263 | $1.72M |
| Aug 11, 2026 | Archer Edward T. EVP, Sales & Marketing | Award | 3,056 | $0 |
| Aug 11, 2026 | Grady Seamus Chief Executive Officer | Award | 9,908 | $0 |
| Aug 11, 2026 | Gill Harpal PRESIDENT & COO | Tax withheld | 6,933 | $3.65M |
| Aug 11, 2026 | Grady Seamus Chief Executive Officer | Award | 10,121 | $0 |
| Aug 11, 2026 | Gill Harpal PRESIDENT & COO | Award | 6,356 | $0 |
| Aug 11, 2026 | Gill Harpal PRESIDENT & COO | Award | 6,493 | $0 |
| Aug 11, 2026 | Archer Edward T. EVP, Sales & Marketing | Award | 2,991 | $0 |
| May 22, 2026 | Bahrami Homa Director | Sale | 2,500 | $1.78M |
| Feb 26, 2026 | KELLY THOMAS F Director | Gift | 150 | $0 |
| Feb 25, 2026 | KELLY THOMAS F Director | Sale | 120 | $74.8K |
| Feb 25, 2026 | KELLY THOMAS F Director | Sale | 770 | $479.3K |
| Feb 25, 2026 | KELLY THOMAS F Director | Sale | 610 | $381.1K |
| Feb 25, 2026 | KELLY THOMAS F Director | Sale | 350 | $218.9K |
| Dec 11, 2025 | KELLY THOMAS F Director | Award | 417 | $0 |
| Dec 11, 2025 | ALEXANDER FORBES I J Director | Award | 417 | $0 |
| Dec 11, 2025 | Dowling Caroline Director | Award | 417 | $0 |
| Dec 11, 2025 | Bahrami Homa Director | Award | 417 | $0 |
| Dec 11, 2025 | LEVINSON FRANK H Director | Award | 417 | $0 |
| Dec 5, 2025 | KELLY THOMAS F Director | Gift | 25 | $0 |
| Dec 5, 2025 | Knight Darlene S. Director | Sale | 500 | $241.1K |
| Dec 4, 2025 | KELLY THOMAS F Director | Sale | 2,200 | $1.02M |
| Dec 4, 2025 | Knight Darlene S. Director | Sale | 500 | $236.0K |
| Dec 3, 2025 | Olson Rollance E. Director | Gift | 70 | $0 |
| Dec 1, 2025 | Bahrami Homa Director | Sale | 3,500 | $1.59M |
| Nov 26, 2025 | Grady Seamus Chief Executive Officer | Sale | 6,420 | $2.88M |
| Nov 26, 2025 | Grady Seamus Chief Executive Officer | Sale | 1,261 | $564.1K |
| Nov 26, 2025 | Grady Seamus Chief Executive Officer | Sale | 2,030 | $904.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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