Fabrinet (NYSE: FN) 股价周一盘后交易中下跌10%，尽管该公司报告的2026财年第二季度业 绩显著超出分析师预期，收入和盈利均创下纪录。 这家光学制造服务提供商公布的调整后每股收益为$3.36，超过分析师预估的$3.25，高出 $0.11。收入飙升至11.3亿美元，超过了10.8亿美元的一致预期，同时较去年同期的8.336亿美 元增长了35.9%。 "我们在第二季度取得了卓越的业绩，收入和盈利均创下纪录，显著超出了我们的指导范 围，"Fabrinet董事长兼首席执行官Seamus Grady表示。"我们业务中的多个大型关键战略项目 共同促成了这一出色表现。" 该公司的业绩由其业务部门的多个关键战略项目推动，管理层表示有信心这些业务驱动因素将持 续到第三季度。 该公司对第三季度发布了强劲的指引，预计收入将在11.5亿美元至12亿美元之间，高于11.33亿 美元的一致预期。Fabrinet预计调整后每股收益为$3.45至$3.60，同样超过分析师预期的 $3.44。 尽管业绩和前景强劲，投资者似乎在该股最近上涨后选择了获利了结。该公司在本季度展示了强 劲的执行力和运营杠杆，这有助于创造创纪录的盈 ...

Financial Data and Key Metrics Changes - The company reported a record revenue of $1.13 billion for the second quarter, representing a 36% increase year-over-year and a 16% increase from the prior quarter [5][9] - Non-GAAP EPS reached a new record of $3.36 per share, exceeding guidance despite foreign exchange headwinds [5][11] - Gross margin improved to 12.4%, a 10 basis point increase from Q1, while operating margin reached 10.9%, up 30 basis points from both Q1 and the previous year [11][12] Business Line Data and Key Metrics Changes - Optical Communications revenue grew 29% year-over-year and 11% sequentially, totaling $833 million [9][10] - Telecom revenue surged to a record $554 million, up 59% from last year and 17% from Q1, with DCI revenue increasing 42% year-over-year [9][10] - Non-Optical Communications revenue was $300 million, a 61% increase from a year ago and 30% from Q1, driven by high-performance computing products [10][11] Market Data and Key Metrics Changes - The company experienced strong demand in telecom, particularly in DCI modules, which saw a 42% year-over-year growth [6][10] - Datacom revenue showed a sequential increase of 2%, with a year-over-year decline narrowing to 7% as demand strengthens [6][10] - Automotive revenue grew 12% year-over-year but slightly declined sequentially, while industrial laser revenue increased by 10% year-over-year [6][11] Company Strategy and Development Direction - The company is focused on strategic capacity expansion, with the construction of Building 10, a 2 million sq ft facility, on track for completion by the end of 2026 [7][8] - The company is converting office space into manufacturing space at its Pinehurst campus to support anticipated growth [7][8] - The management is pursuing new opportunities across all business areas, with a strong emphasis on execution and capacity expansion [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth trends across all major business areas, with the exception of automotive [7][13] - The company anticipates revenue growth in telecom, datacom, and HPC, while expecting a modest decline in automotive revenue [13] - Management highlighted the importance of operational execution and strategic capacity expansion to meet increasing demand [8][13] Other Important Information - The company ended the quarter with cash and short-term investments of $961 million, with capital expenditures of $52 million reflecting ongoing construction and capacity enhancements [12] - The company repurchased over 12,000 shares at an average price of $387 per share during the quarter [12] Q&A Session Summary Question: HPC customer ramp and production lines - Management indicated they are a little over halfway to fully ramped volume, expecting revenue from the HPC program to exceed $150 million when fully ramped [15][16] Question: Co-packaged optics and optical circuit switches - Management is working on co-packaged optics programs with three different customers and is excited about the potential of optical circuit switches [19][22] Question: Datacom transceivers supply constraints - Management confirmed they have been supply-constrained in Datacom but are making progress with a second source for lasers to alleviate constraints [26][27] Question: Telecom revenue mix - Management noted that the growth in telecom was primarily driven by DCI, with satellite communications also contributing [30] Question: New customer opportunities in telecom - Management is pursuing both new and existing customers, focusing on transceivers for hyperscalers and merchant vendors [42][43] Question: Hyperscale business ramp and margins - Management expressed confidence in growing the business further, with multiple programs ramping and a strong performance expected [51][52] Question: Currency impact on EPS - Management indicated a similar impact from foreign exchange headwinds in the upcoming quarter, with expectations to offset through operating leverage [53][56] Question: Capacity additions and timelines - Management confirmed that the Pinehurst capacity addition is happening now, with significant demand from legacy customers [89][91]

Financial Data and Key Metrics Changes - Revenue for the second quarter reached a record $1.13 billion, representing a 36% increase year-over-year and a 16% increase from the prior quarter [5][10] - Non-GAAP EPS was $3.36, exceeding guidance despite a $3 million foreign exchange revaluation loss [10][12] - Gross margin improved to 12.4%, a 10 basis point increase from Q1, while operating margin reached 10.9%, up 30 basis points from both Q1 and the previous year [12] Business Line Data and Key Metrics Changes - Optical Communications revenue grew 29% year-over-year and 11% sequentially, totaling $833 million [10][12] - Telecom revenue surged 59% year-over-year and 17% from Q1, reaching $554 million, with DCI revenue increasing 42% year-over-year [5][10] - Non-Optical Communications revenue was $300 million, up 61% year-over-year and 30% from Q1, driven by high-performance computing products [11][12] Market Data and Key Metrics Changes - Demand in the telecom sector remains strong, particularly in DCI modules and Datacom, with expectations for continued growth [8][10] - Automotive revenue grew 12% year-over-year but saw a slight decline from Q1, while industrial laser revenue increased 10% year-over-year [7][12] Company Strategy and Development Direction - The company is focused on strategic capacity expansion, with the construction of a new 2,000,000 sq ft facility on track for completion by the end of 2026 [8][9] - Continued investment in high-performance computing and co-packaged optics is expected to drive future growth [22][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth trends across all major business areas, with expectations for continued strong performance in Q3 [9][15] - The company anticipates revenue growth in telecom, Datacom, and HPC, while expecting a modest decline in automotive revenue [15][92] Other Important Information - The company ended the quarter with cash and short-term investments of $961 million, with capital expenditures of $52 million reflecting ongoing capacity enhancements [13][14] - A share repurchase program remains active, with $169 million available under the program [14] Q&A Session Summary Question: HPC customer ramp and production lines - Management indicated they are a little more than halfway to fully ramped volume, expecting revenue from the HPC program to exceed $150 million when fully ramped [18][19] Question: Co-packaged optics and optical circuit switches - Management is working on co-packaged optics programs with three different customers and sees significant potential in optical circuit switches [22][25] Question: Supply constraints on Datacom transceivers - Management confirmed they have been supply-constrained but are making progress with a second source for lasers, which should alleviate some constraints [30][32] Question: Telecom revenue growth and satellite communications - Management noted that growth in telecom was primarily driven by DCI, with optimism about both satellite communications and DCI business [34][40] Question: New customer opportunities in telecom - Management is pursuing both existing and new customers, emphasizing their role as a pure contract manufacturer without competing products [46][47] Question: Timeline for transceiver designs for hyperscalers - Management indicated they are quarters away from meaningful revenue from new transceiver designs, having worked on them for over 18 months [49][50] Question: Currency impact on EPS - Management expects similar foreign exchange headwinds in Q3, with a projected 20-30 basis point impact on gross margin [58][60] Question: Capacity additions and Pinehurst campus - Management confirmed that the Pinehurst campus is converting office space into manufacturing space, adding about 120,000 sq ft of capacity [93][94]

Financial Data and Key Metrics Changes - Revenue for the second quarter reached a record $1.13 billion, representing a 36% increase year-over-year and a 16% increase from the prior quarter [4][9] - Non-GAAP EPS was $3.36, exceeding guidance despite a $3 million foreign exchange revaluation loss [9][11] - Gross margin improved to 12.4%, and operating margin reached 10.9%, reflecting strong top-line growth [11][12] Business Line Data and Key Metrics Changes - Optical Communications revenue grew 29% year-over-year and 11% sequentially, totaling $833 million [9][10] - Telecom revenue surged 59% year-over-year and 17% from Q1, reaching $554 million, with DCI revenue increasing 42% year-over-year [4][10] - Non-Optical Communications revenue was $300 million, up 61% year-over-year and 30% sequentially, driven by high-performance computing products [10][11] Market Data and Key Metrics Changes - Datacom revenue was $278 million, showing a 2% sequential increase, while the year-over-year decline narrowed to 7% [10] - Automotive revenue grew 12% year-over-year but slightly declined sequentially as anticipated [5][11] - Industrial Laser revenue increased 10% year-over-year and 4% sequentially, contributing $41 million [11] Company Strategy and Development Direction - The company is focused on strategic capacity expansion, with the construction of Building 10, a 2 million sq ft facility, on track for completion by the end of 2026 [6][8] - The company is pursuing new opportunities across all business areas, particularly in telecom and high-performance computing [5][6] - The company aims to maintain execution excellence while scaling operations to meet increasing demand [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth trends across all major business areas, with expectations for continued strong performance in Q3 [8][13] - The company anticipates revenue growth in telecom, datacom, and HPC, while expecting a modest decline in automotive revenue [13] - Management highlighted the importance of executing well to capture growth opportunities and maintain competitive advantages [17][52] Other Important Information - The company ended the quarter with cash and short-term investments of $961 million, with capital expenditures of $52 million reflecting ongoing construction and capacity enhancements [12] - The company repurchased over 12,000 shares at an average price of $387 per share during the quarter [12] Q&A Session Summary Question: HPC customer ramp and production lines - Management indicated they are a little more than halfway to fully ramping the HPC program, expecting revenue to exceed $150 million when fully ramped [16][17] Question: Co-packaged optics and optical circuit switches - Management confirmed they are working on co-packaged optics with three different customers and are excited about the potential of optical circuit switches [19][22] Question: Datacom transceivers supply constraints - Management acknowledged supply constraints in Datacom but noted progress with a second source for lasers, which should alleviate some issues [27] Question: Telecom revenue growth drivers - Management stated that the growth in telecom was primarily driven by DCI, with optimism about both satellite communications and core telecom systems [30][31] Question: New customer opportunities in telecom - Management is pursuing both existing and new customers, emphasizing their role as a pure contract manufacturer without competing products [43][44] Question: Capacity additions and timelines - Management confirmed that the Pinehurst campus is being repurposed to add 120,000 sq ft of manufacturing space, with strong demand from legacy customers [91][92]

COMPANY OVERVIEW 2 February 2, 2026 1 Disclaimer This presentation and the accompanying oral presentation contain "forward-looking" statements that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our business plans and objectives, potential growth opportunities, competitive position, industry enviro ...

Fabrinet (NYSE:FN) shares dropped in Monday's extended trading after the company released its second-quarter earnings report. Here's a look at the key figures from the quarter. FN stock is moving. Watch the price action here.The Details: Fabrinet reported quarterly earnings of $3.36 per share, which beat the consensus estimate of $3.25.Quarterly revenue came in at $1.13 billion, which beat the Street consensus of $1.08 billion and was up from $833.61 million in the same period last year.“We delivered an exc ...

BANGKOK, Thailand – February 2, 2026 – Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its second fiscal quarter ended December 26, 2025. Seamus Grady, Chairman and Chief Executive Officer of Fabrinet, said, "We delivered an exceptional second quarter with record revenue and earnings that significantly exceede ...

Core Insights - Fabrinet reported record revenue and earnings for the second quarter of fiscal year 2026, significantly exceeding guidance ranges [2][6] - The company attributes its strong performance to multiple large strategic programs and excellent execution, which are expected to continue into the third quarter [2][4] Financial Highlights - Revenue for Q2 FY2026 was $1,132.9 million, up from $833.6 million in Q2 FY2025, representing a year-over-year increase of approximately 36% [6] - GAAP net income for Q2 FY2026 was $112.6 million, compared to $86.6 million in Q2 FY2025, marking a 30% increase [6] - GAAP net income per diluted share for Q2 FY2026 was $3.11, up from $2.38 in Q2 FY2025, reflecting a 30% increase [6] - Non-GAAP net income for Q2 FY2026 was $121.6 million, compared to $95.1 million in Q2 FY2025, a 28% increase [6] - Non-GAAP net income per diluted share for Q2 FY2026 was $3.36, compared to $2.61 in Q2 FY2025, a 29% increase [6] Business Outlook - For Q3 FY2026, Fabrinet expects revenue to be in the range of $1.15 billion to $1.20 billion [6] - GAAP net income per diluted share is projected to be between $3.22 and $3.37, while non-GAAP net income per diluted share is expected to be between $3.45 and $3.60 [6][29]

Stock Market: Three Global Leaders Near Buy Points With Earnings Ahead | Investor's Business DailyBREAKING: [Futures Mixed; AMD, Lumentum Lead Earnings Late]---Investor's Business Daily's screener for companies that have a worldwide presence with strong fundamental metrics shows three global leaders: Fabrinet (FN), LivaNova (LIVN) and nVent Electric (NVT). All three are near buy points in Monday's stock market as they head into earnings. Fabrinet Stock: Earnings Ahead Fabrinet is scheduled to release its fi ...

Key Takeaways FN will report fiscal Q2 results with revenues expected between $1.05-$1.10 billion and EPS of $3.15-$3.30.FN's telecom and DCI businesses are driving growth, supported by strong demand and rising HPC adoption.FN's results may be constrained by flat automotive revenue and margin pressure from FX headwinds.Fabrinet (FN) is slated to release second-quarter fiscal 2026 results on Feb. 2.For the fiscal second quarter, revenues are expected in the range of $1.05-$1.10 billion. Non-GAAP earnings per ...