Fabrinet (FN)

Nov 9, 2026

Fabrinet's stock (FN) recently dropped 33% despite reporting record fiscal first-quarter revenue of $1.47 billion, which was up 51% year-over-year and exceeded analyst expectations. The broader AI optics sector experienced a sell-off due to concerns about AI funding, but Fabrinet's future is also complicated by Marvell Technology's acquisition of Lumentum, a key Fabrinet customer. Despite these challenges and a temporary dip, analysts maintain high earnings expectations, and the stock is trading below its historical forward multiple, suggesting it might be a buy ahead of its next earnings report.

Nov 3, 2026

Fabrinet (NYSE: FN) stock surged after reporting better-than-expected fiscal first-quarter results, with revenue up 51% year-over-year and adjusted earnings beating estimates. The company also issued strong second-quarter guidance, projecting higher earnings and revenue than Wall Street forecasts. Growth was driven by robust demand in data centers, communications infrastructure, and other markets, prompting Fabrinet to expand its manufacturing capacity significantly.

Nov 3, 2026

On Tuesday, while the Dow Jones dipped, several major stocks experienced significant gains. Fabrinet, EverQuote, Lattice Semiconductor, and Fiserv were among the companies that saw their shares rise following better-than-expected quarterly financial results and, in some cases, optimistic future guidance. Other notable gainers included Ibotta Inc, Xtend AI Robotics, Aehr Test Systems, and Graphic Packaging Holding Co, all reporting strong financial performance or strategic achievements.

Nov 3, 2026

Fabrinet reported a strong first quarter of fiscal year 2027, with revenue of $1.474 billion, a 51% increase year-over-year, driven by broad-based demand across data center interconnect, transceivers, and high-performance computing. The company is significantly expanding its manufacturing capacity, including a new site in Santa Clara and the upcoming completion of Building 10 in Chonburi, with plans for Building 11 and further site exploration. Fabrinet anticipates continued growth in the second quarter, projecting revenue between $1.6 billion and $1.65 billion and non-GAAP EPS between $4.77 and $4.92, fueled by new program wins and existing program ramps.

Nov 2, 2026

Fabrinet (NYSE: FN) reported strong first-quarter fiscal 2027 results, surpassing analyst estimates for both earnings per share and revenue. The company also announced an expansion of its share repurchase program and provided optimistic guidance for the second quarter, leading to a significant jump in its stock price. CEO Seamus Grady highlighted broad-based demand and new product ramps as key drivers for the exceptional performance.

Oct 30, 2026

B. Riley Financial has reduced its price target for Fabrinet (NYSE:FN) from $431 to $385, while maintaining a "neutral" rating, suggesting a potential upside of nearly 15%. Despite this cut, the consensus analyst rating for Fabrinet remains a "Moderate Buy" with an average target of $626.12. The company recently reported strong quarterly results, exceeding revenue and EPS estimates with significant year-over-year revenue growth.