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Friday 6 November 2026 Export FN’s income statement to Excel — free account

Fabrinet

FN Technology Electronic Components

Fabrinet’s revenue for fiscal 2026 (year ended June 2026) was $4.6 billion, up 35.7% from fiscal 2025.

Revenue
+50.7%
EPS
+7.68%
Free cash flow
−340.6%

Quarter to September 2026, against a year earlier

297.46 44.18 −12.93%
Market cap
$10.5B
P/E
22.2×
Fwd P/E
18.7×
Dividend yield
—
F-score
6/9
Altman Z
11.33
Beneish M
−0.52
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment

Every year since 2011 →

Insider Decisions last twelve months

Sold, $m 5.40
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 — 1 — — 1 — — — 1 — —
Insider Ownership 0.52%

Capital & Financial Ratios $m

Size
Market Cap 10,460.00
Revenue ttm 5,137.43
Net income ttm 480.60
Free cash flow ttm (190.22)
Net debt Q (681.01)
Valuation
P/E 22.19
Forward P/E 18.70
Price / sales 2.08
Forward P/S Powerpack
Price / FCF 0.00
Price / book 4.24
Financial health
Current ratio Q 2.04 (at or above 1.5: strong)
Debt / equity Q 0.03 (at or below 0.5: strong)
Interest coverage Q 632.06
Growth
Revenue growth Q +50.74% (above 0%: growing)
Operating income growth Q +55.01% (above 0%: growing)
EPS, this year +39.88% (at or above 15%: strong)
EPS, next year A +21.71% (at or above 15%: strong)
Revenue, next year A +31.71% (at or above 10%: strong)
EPS, past 5 yrs +27.00% (at or above 15%: strong)
EPS, next 5 yrs A +28.28% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.4×; over the ten years it ranged from 0.5× in 2018 to 5.6× in 2026.
P/E against its own 10 years 56.91%
10-year low 10-year high
P/S against its own 10 years 69.01%
10-year low 10-year high
P/B against its own 10 years 76.90%
10-year low 10-year high
EV/Sales against its own 10 years 71.91%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 859 934 875 756
Receivables 592 759 1,018 1,161
Inventory 463 581 1,021 1,193
Other 88 116 196 262
2,013 2,429 3,160 3,421
2024 2025 2026 Q'26
Payables 442 637 1,006 1,269
ST’ Debt — — — 11
Other — — 2 2
558 810 1,403 1,678

Compound Annual Growth %

10y 5y 3y
Sales 16.86% 19.82% 20.61%
Cash Flow 18.48% 16.01% 6.37%
Earnings 22.55% 26.10% 24.03%
Book Value 16.04% 17.14% 18.67%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 4.19 Actual 4.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 3.26 3.36 Beat by 0.10
Q3 FY26 3.58 3.72 Beat by 0.14
Q4 FY26 3.85 4.10 Beat by 0.25
Q1 FY27 4.19 4.34 Beat by 0.15
Q2 FY27 4.48 — Reports 1 February 2027

EPS $

Sep Dec Mar Jun Year
’26 2.86 — — — —
’26 2.66 3.11 3.45 3.83 13.05
’25 2.13 2.38 2.25 2.42 9.17
’24 1.78 1.89 2.21 2.22 8.10
’23 1.76 1.71 1.60 1.65 6.73
’22 1.20 1.30 1.35 1.51 5.36
’21 0.88 0.94 1.00 1.13 3.95
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 1,474 — — — —
’26 978 1,133 1,214 1,316 4,641
’25 804 834 872 910 3,419
’24 685 713 732 753 2,883
’23 655 669 665 656 2,645
’22 543 567 564 588 2,262
’21 437 454 479 510 1,879
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 21 — — — —
’26 103 46 53 55 257
’25 83 116 74 55 328
’24 145 84 101 83 413
’23 61 44 37 71 213
’22 37 21 50 16 124
’21 35 7 38 43 122
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 (137) — — — —
’26 57 (5) (11) (36) 4
’25 63 94 45 5 207
’24 134 76 87 71 367
’23 50 31 17 53 151
’22 4 1 27 2 34
’21 21 (4) 27 30 74
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.2% a year for ten years.

Implied
9.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,420 1,372 1,584 1,642 1,879 2,262 2,645 2,883 3,419 4,641 5,137 +14.1% 6,113 7,336 9,100 +25.2%
Gross margin, % 12.07 11.18 11.31 11.34 11.78 12.32 12.71 12.35 12.09 11.99 11.95 (0.1) pt
EBT 104 88 126 119 150 207 260 311 355 555 583 +20.5%
EBT margin, % 7.31 6.42 7.97 7.26 8.01 9.15 9.83 10.80 10.39 11.96 11.35 +4.7 pt
Net income 97 84 121 113 148 200 248 296 333 473 481 +19.2%
Per share, $
Per share, $ Revenue 38.47 36.82 43.05 44.48 50.97 61.35 72.44 79.54 94.94 129.59 143.24 +14.4%
Earnings 2.63 2.26 3.29 3.07 4.02 5.43 6.79 8.17 9.23 13.21 13.41 +19.6%
Cash flow 1.92 3.71 4.01 4.08 3.31 3.37 5.84 11.40 9.12 7.17 4.89 +15.8%
Capex (1.89) (0.94) (0.50) (1.13) (1.30) (2.45) (1.70) (1.26) (3.38) (7.04) (10.20) +15.7%
Free cash flow 0.03 2.77 3.51 2.95 2.01 0.92 4.14 10.14 5.74 0.12 (5.30) +16.7%
Book value 18.46 19.89 23.46 26.40 30.17 34.00 40.22 48.16 55.02 68.53 70.15 +15.7%
Shares, m 37 37 37 37 37 37 37 36 36 36 36 (0.3%)
Valuation, ×
Valuation, × P/E 16.22 16.39 15.79 20.40 23.79 14.94 19.13 29.73 31.89 42.58 22.19 23.1
P/S 1.11 1.01 1.21 1.40 1.88 1.32 1.79 3.05 3.10 4.34 2.08 2.0
P/B 2.31 1.86 2.21 2.36 3.18 2.39 3.23 5.04 5.36 8.20 4.24 3.6
EV/Sales 0.96 0.81 0.97 1.13 1.61 1.12 1.59 2.76 2.83 4.15 1.94 1.8
EV/FCF 1,201.20 10.75 11.90 17.10 40.75 74.86 27.83 21.64 46.83 4,350.03 (52.51) 580.3
Cash, $m
Cash, $m Operating cash flow 71 138 147 151 122 124 213 413 328 257 175 +15.4%
Capex (70) (35) (18) (42) (48) (90) (62) (46) (122) (252) (366) +15.3%
Free cash flow 1 103 129 109 74 34 151 367 207 4 (190) +16.3%
Balance, $m
Balance, $m Working capital 487 584 711 801 908 987 1,171 1,455 1,619 1,757 1,744 +15.3%
Net debt (213) (271) (376) (444) (508) (451) (538) (859) (934) (875) (681) +17.0%
Shareholders’ equity 682 741 863 974 1,113 1,254 1,469 1,746 1,982 2,454 2,516 +15.3%
Returns, %
Returns, % ROA 10.28 7.94 10.32 8.61 9.90 11.61 13.00 13.72 12.86 14.03 13.12 +3.8 pt
ROIC 14.12 12.48 15.75 13.83 15.60 15.92 16.91 19.56 19.36 18.32 17.53 +4.2 pt
ROE 15.71 11.83 15.08 12.35 14.22 16.94 18.21 18.43 17.84 21.33 21.00 +5.6 pt
People
People Employees 10,541 10,579 11,670 11,506 12,189 14,235 14,663 14,213 16,457 21,521 — +8.3%
Revenue/emp, $m 0.13 0.13 0.14 0.14 0.15 0.16 0.18 0.20 0.21 0.22 — +5.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Fabrinet provides optical packaging and precision manufacturing services to original equipment manufacturers, or OEMs. These customers design complex products and use Fabrinet to help turn their designs into finished components, modules and systems. Fabrinet was incorporated in the Cayman Islands in 1999. Seamus Grady is its chief executive officer.

The products Fabrinet manufactures include devices that move and route data over fiber-optic networks, as well as cables for connections inside data centers and computing clusters. It also manufactures industrial lasers and sensors used in applications including automotive and medical equipment. The company works to customer specifications rather than selling all of these products under its own brand.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 4,641 100.00%
Gross margin 11.99%
Operating margin 9.97%
Pre-tax margin 11.96%

Revenue by segment since 2011

Fabrinet vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FLEX Flex Ltd. $24.7B 24.3× 23.9× +24.79% (above 0%: growing) +34.62% (above 0%: growing) −14.43% (below 0%: shrinking) 9.56% 4.88% Compare
JBL Jabil, Inc. $24.3B 24.3× 18.0× +28.65% (above 0%: growing) +87.19% (above 0%: growing) +7.13% (above 0%: growing) 9.43% 5.67% Compare
FN Fabrinet $10.5B 22.2× 18.7× +50.74% (above 0%: growing) +7.68% (above 0%: growing) −340.60% (below 0%: shrinking) 11.79% 9.90%
LFUS Littelfuse, Inc. $8.9B 259× 23.3× +22.75% (above 0%: growing) +62.22% (above 0%: growing) +57.67% (above 0%: growing) 41.55% 20.00% Compare
SANM Sanmina Corporation $7.0B 23.0× 23.5× +69.67% (above 0%: growing) +69.53% (above 0%: growing) −85.58% (below 0%: shrinking) 10.49% 6.39% Compare
RAL Ralliant Corporation $7.0B — (loss-making) 31.4× +17.20% (above 0%: growing) +122.03% (above 0%: growing) −19.51% (below 0%: shrinking) 53.15% 18.95% Compare
TTMI TTM Technologies, Inc. $6.6B 24.7× 23.2× +59.93% (above 0%: growing) +56.86% (above 0%: growing) +75.69% (above 0%: growing) 24.24% 13.48% Compare
VICR Vicor Corporation $6.2B 34.8× 48.0× +78.51% (above 0%: growing) +117.46% (above 0%: growing) −1.05% (below 0%: shrinking) 68.33% 36.60% Compare
PLXS Plexus Corp. $5.0B 24.9× 29.9× +34.79% (above 0%: growing) +34.66% (above 0%: growing) −93.43% (below 0%: shrinking) 10.23% 6.05% Compare
Median of peers $7.0B 24.7× 23.7× +31.72% +65.88% −7.74% 17.37% 9.94%

All 44 Electronic Components stocks →

From the latest earnings call

Updated

  • CEO Seamus Grady said demand was increasing across customers in data centers and communications infrastructure, while new transceiver programs were expected to begin ramping.
  • Grady said Building 10 remained on track for completion by early 2027, as Fabrinet expanded manufacturing capacity to support customer growth and new programs.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
JPMorgan Nov 3, 2026 Target cut — 465.00
Susquehanna Nov 3, 2026 Target cut — 600.00
B. Riley Nov 3, 2026 Target cut — 385.00

Pay and ownership Proxy statement filed 20 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 13.60m 31.43m 550.73
2025 11.94m 14.32m 310.23
2024 11.08m 22.02m 256.89
2023 10.53m 16.43m 136.30
2022 9.94m 7.82m 87.32

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 10.75%
Vanguard Portfolio Management 6.05%
T. Rowe Price Associates, Inc. 5.42%
Vanguard Capital Management 5.25%
FMR LLC 5.14%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

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FN metrics, ten years each

stockrow.com/FN · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com