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Fabrinet

FN

Technology · 414.89 +2.8% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Fabrinet's current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.

What changed
  • Revenue increased 39.3% versus the comparable filing period.
Company+2.8% todayVolume comparison unavailable
Market group0 of 18 activeTechnology-Heavy Mixed · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Capital spending more than doubled as Fabrinet constructed facilities and expanded manufacturing capacity to support customers.
  • Management attributed the revenue increase to higher demand for data-center and communications-infrastructure products, alongside other product lines.

Invalidation: The isolated read changes if FN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Electronic Components

The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 39.3% versus the comparable filing period.
  • Operating margin improved 0.8 percentage points.
  • Net income increased 54.0% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Capital spending more than doubled as Fabrinet constructed facilities and expanded manufacturing capacity to support customers.
  • Management attributed the revenue increase to higher demand for data-center and communications-infrastructure products, alongside other product lines.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements117
Verified relationships12
Evidence supporting the case
  • Latest annual revenue changed +35.7% year over year.
  • Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Capital investment and capacity has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

414.89
6m-19.1%12m+11.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-24$2.3B+20.4%$5.36-0.4%
2023-06-30$2.6B+16.9%$6.73-1.4%
2024-06-28$2.9B+9.0%$8.10-0.8%
2025-06-27$3.4B+18.6%$9.17-0.8%
2026-06-26$4.6B+35.7%$13.05-0.0%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 5 filings
We expect our capital expenditures for fiscal year 2027 to increase compared to fiscal year 2026, mainly due to the purchase of a new manufacturing building in California, continued investment in our manufacturing facilities at our Pathum Thani campus, and on…
10-K · Aug 18, 2026
Demand and volumemixed · 5 filings
The decrease in cash provided by operating activities for fiscal year 2026 as compared to fiscal year 2025 was primarily due to (1) an increase in inventories to support higher demand in the next quarter, and (2) an increase in trade receivables due to timing…
10-K · Aug 18, 2026
Pricing and mixmixed · 5 filings
Although we expect the prices we charge for our manufactured products to decrease over time (partly as a result of competitive market forces), we believe we will be able to continue to maintain favorable pricing for our services because of our ability to redu…
10-K · Aug 18, 2026
Supply chain and availabilitymixed · 5 filings
Revenues We believe we are able to expand our relationships with existing customers and attract new customers due to, among other factors, our broad range of complex engineering and manufacturing service offerings, flexible low-cost manufacturing platform, pr…
10-K · Aug 18, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

414.89+2.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-05-05 against the comparable filing from 2025-05-06.

constructive
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed

What improved

  • Revenue increased 39.3% versus the comparable filing period.
  • Operating margin improved 0.8 percentage points.
  • Net income increased 54.0% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The decrease in cash provided by operating activities during the nine months ended March 27, 2026 as compared to the nine months ended March 28, 2025 was primarily due to (1) an increase in inventories to support higher demand in the next quarter, and (2) an increase in trade receivables due to timing of collection, partially offset by an increase in trade account payables aligned with the increasing volume of inventories.

The decrease in cash used in investing activities for the nine months ended March 27, 2026 as compared to cash used in investing activities for the nine months ended March 28, 2025 was primarily due to an increase in net proceeds of short-term investments, offset by an increase in capital expenditures related to the construction of a new manufacturing building at our Chonburi campus and support certain customers.

Revenues from non-optical communications products, which represented $325.6 million, or 26.8%, of our revenues for the three months ended March 27, 2026, increased by $111.0 million, or 51.7%, compared to the same period in the prior fiscal year, primarily due to high demand for high-performance computing, and partially offset with a decrease in revenue from automotive.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind FN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

COHRCoherent Corp.competitorMay 5, 2026

Our customized optics and glass operations face competition from companies such as CASTECH, Inc., Excelitas Technologies Corp.

ACTGFiling-linked nameinvesteeMay 5, 2026

For example, Nokia Corporation completed its acquisition of Infinera Corporation in February 2025; Lumentum Holdings Inc.

Depended on by

OUSTOuster, Inc.supplierMay 5, 2026

However, we believe that because of the simplicity of our digital lidar technology, the increasing capabilities of our software solutions, and efficiencies created by our established manufacturing partnerships and suppliers, including Benchmark and Fabrinet,…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FN is currently a Participant in the organic co-movement group Technology-Heavy Mixed. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for FN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.