Fabrinet (FN) Stock Price & Analysis
Fabrinet (FN) closed at USD 317.67 on Thursday, October 22, 2026, down 10.78% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 356.06; the Oct 22, 2026 session ranged USD 311.83–341.96 on volume of 1,129,592 shares. Market capitalization is $11.38B, with a 52-week range of USD 311.81–748.89 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FN.md
Key facts (FN)
- Last four reported quarters (through Jun 26, 2026): revenue $4.64B, net income $473M (10.2% margin), free cash flow $4.2M (SEC filings).
- Valuation: P/E 24.1x (avg 35.1x at the last 3 fiscal year-ends).
- 4 of 80 tracked superinvestors hold FN (13F, Q2 2026): 0 new, 3 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $2.7M; 2 not under a Rule 10b5-1 plan ($2.7M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.89 on a 1–5 scale) (9 analysts), mean target USD 687.78 (range 431–800).
- Total return with dividends: 1Y -23.4% vs S&P 500 +14.9%; 5Y +229.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 4.19, revenue estimate $1.40B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FN)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.26B | $2.65B | $2.88B | $3.42B | $4.64B | $4.64B |
| Gross profit | $279M | $336M | $356M | $413M | $557M | — |
| Operating income | $205M | $252M | $278M | $324M | $463M | $463M |
| Net income | $200M | $248M | $296M | $333M | $473M | $473M |
| EPS (diluted) | $5.36 | $6.73 | $8.10 | $9.17 | $13.05 | — |
| Free cash flow | $34.7M | $152M | $366M | $207M | $4.2M | $4.2M |
| Gross margin | 12.3% | 12.7% | 12.4% | 12.1% | 12.0% | — |
| Operating margin | 9.0% | 9.5% | 9.6% | 9.5% | 10.0% | 10.0% |
| Net margin | 8.9% | 9.4% | 10.3% | 9.7% | 10.2% | 10.2% |
| Revenue growth | +20.4% | +16.9% | +9.0% | +18.6% | +35.7% | — |
| Cash + short-term investments | $478M | $550M | $859M | $934M | $875M | — |
| Total debt | $27.4M | $12.2M | — | — | — | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 26, 2026) (FN)
P/E 24.1x · P/S 2.5x · P/FCF 2696.3x · P/B 4.6x · FCF yield 0.04% · Earnings yield 4.16% · Buyback yield (TTM) 0.05%
P/E at fiscal year-ends: Jun 2026 43.1x, Jun 2025 32.1x, Jun 2024 30.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (FN)
4 of 80 tracked investors hold FN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 3.30% | $339M | Added +178.7% |
| Torray Funds | 0.45% | $3.4M | Reduced -15.2% | |
| First Eagle Investment | First Eagle Investment Management | 0.02% | $11.6M | Added +35.4% |
| Polen Capital | Polen Capital Management | 0.01% | $1.2M | Added +8.1% |
Insider sales (SEC Form 4, open-market, last ~7 months) (FN)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Archer Edward T. | EVP, Sales & Marketing | 2,500 | $965K | 26.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-22 | Bahrami Homa | Director | 2,500 | $1.8M | 13.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FN)
Consensus Buy (mean 1.89 on a 1–5 scale), 9 analysts; mean target USD 687.78 (low 431, high 800).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Susquehanna | Target lowered | Positive | $850 → $600 |
| 2026-10-15 | B. Riley Securities | Target lowered | Neutral | $598 → $431 |
| 2026-08-20 | Rosenblatt | Maintained | Buy | $750 |
| 2026-08-18 | JP Morgan | Target raised | Neutral | $680 → $695 |
| 2026-08-18 | Barclays | Target raised | Overweight | $702 → $739 |
| 2026-08-18 | Rosenblatt | Maintained | Buy | $750 |
| 2026-08-18 | Needham | Reiterated | Buy | $650 |
| 2026-07-22 | Needham | Target lowered | Buy | $800 → $650 |
Total return (dividends reinvested) (FN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -23.4% | +229.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.5% | +26.9% |
| Volatility (annualized) | 77.3% | 53.7% |
| Max drawdown | -57.4% (May 2026→Oct 2026) | -56.0% (May 2026→Oct 2026) |
FN revenue by product line (quarter ended Mar 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Optical Communications | $888.7M | 73.2% | +35.2% |
| Non Optical Communications | $325.6M | 26.8% | +51.7% |
| Total revenue | $1.21B | 100% | — |
FN revenue by region (quarter ended Jun 26, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Thailand | $2.77B | 210.7% | +33.1% |
| Total revenue in Asia-Pacific and others | $2.02B | 153.5% | +54.0% |
| Singapore | $202.2M | 15.4% | +8.5% |
| China | $36.5M | 2.8% | +95.7% |
| Others | $32.6M | 2.5% | +11.7% |
| Malaysia | $24.1M | 1.8% | +50.4% |
| Others | $18.5M | 1.4% | +16.0% |
| Germany | $15.4M | 1.2% | +18.7% |
| Others | $10.6M | 0.8% | +22.2% |
| Japan | $4.6M | 0.4% | -28.1% |
| Total revenue | $1.32B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Fabrinet West | “•Establish New Product Introduction ("NPI") Centers to Generate and Transfer New Business to Thailand: We established Fabrinet West, Inc. as an NPI center in the heart of Silicon Valley and Fabrinet Israel as an NPI center in Israel's "Startup Village." These NPI centers serve as business development arms with an emphasis on new business generation, helping our customers with design for manufacturability and then …” |
| Customer | Fabrinet Israel | “•Establish New Product Introduction ("NPI") Centers to Generate and Transfer New Business to Thailand: We established Fabrinet West, Inc. as an NPI center in the heart of Silicon Valley and Fabrinet Israel as an NPI center in Israel's "Startup Village." These NPI centers serve as business development arms with an emphasis on new business generation, helping our customers with design for manufacturability and then …” |
| Customer | ZTE | “•unanticipated restrictions on our ability to sell to foreign customers where sales of products and the provision of services may require export licenses or are prohibited by government action (for example, the U.S. Department of Commerce has prohibited the export and sale of a broad category of U.S. products, as well as the provision of services, to ZTE Corporation and to Huawei, both of which are customers of ce…” |
| Customer | Huawei | “•unanticipated restrictions on our ability to sell to foreign customers where sales of products and the provision of services may require export licenses or are prohibited by government action (for example, the U.S. Department of Commerce has prohibited the export and sale of a broad category of U.S. products, as well as the provision of services, to ZTE Corporation and to Huawei, both of which are customers of ce…” |
| Competitor | Celestica (CLS) | “Competitors in the market for optical manufacturing services include Benchmark Electronics, Inc., Celestica Inc., InnoLight Technology (Suzhou) Ltd., Jabil Inc., Sanmina Corporation, Venture Corporation Limited and Eoptolink Technology Inc., Ltd., as well as the internal manufacturing capabilities of our customers.” |
| Competitor | Jabil (JBL) | “Competitors in the market for optical manufacturing services include Benchmark Electronics, Inc., Celestica Inc., InnoLight Technology (Suzhou) Ltd., Jabil Inc., Sanmina Corporation, Venture Corporation Limited and Eoptolink Technology Inc., Ltd., as well as the internal manufacturing capabilities of our customers.” |
| Competitor | Sanmina (SANM) | “Competitors in the market for optical manufacturing services include Benchmark Electronics, Inc., Celestica Inc., InnoLight Technology (Suzhou) Ltd., Jabil Inc., Sanmina Corporation, Venture Corporation Limited and Eoptolink Technology Inc., Ltd., as well as the internal manufacturing capabilities of our customers.” |
| Competitor | Coherent (COHR) | “Our customized optics and glass operations face competition from companies such as CASTECH Inc., Excelitas Technologies Corp. and Photop Technologies, Inc. (a subsidiary of Coherent Corp.).” |
Quoted from the company's 10-K filed Aug 18, 2026.
Companies that name FN in their SEC reports
| Relationship to FN | Company | Filing | Sentence |
|---|---|---|---|
| customer | Nano-X Imaging Ltd. (NNOX) | 20-F Apr 30, 2026 | “into a multi-year Volume Supply Agreement with Fabrinet, a leading global electronics manufacturing services provider from” |
| partner | Innoviz Technologies Ltd. (INVZ) | 20-F Mar 4, 2026 | “In March 2025, Innoviz signed an agreement with Fabrinet (the "Fabrinet” |
| partner | Ouster, Inc. (OUST) | 10-K Mar 2, 2026 | “Our main manufacturing partners are Benchmark Electronics, Inc. ("Benchmark") and Fabrinet.” |
| customer | NVIDIA CORP (NVDA) | 10-K Feb 25, 2026 | “We engage with independent subcontractors and contract manufacturers such as Hon Hai Precision Industry Co., Ltd., Wistron Corporation, and Fabrinet to perform assembly, testing and packaging of our final products.” |
FN customer concentration
In the period ended Jun 26, 2026, 4 direct customers each accounted for at least 10% (19.9%, 16.3%, 10.7%, 10.5%) of revenue, per the company's 10-K filed Aug 18, 2026. The company does not name them.
FN company outlook (results filed Aug 17, 2026)
- “We achieved record quarterly revenue of $1.316 billion, exceeding our guidance range, and increasing 45% from a year ago.”
Quoted word-for-word from the SEC 8-K results press release.
FN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.19 | $3.98 | +5.3% | $1.40B | 9 |
| Next quarter (ends Dec 2026) | $4.43 | $4.19 | +5.6% | $1.48B | 9 |
| Current fiscal year (ends Jun 2027) | $18.23 | $17.25 | +5.7% | $6.11B | 9 |
| Next fiscal year (ends Jun 2028) | $21.94 | $21.40 | +2.5% | $7.34B | 8 |
FN options: expected move
Options price a move of about ±20.2% (±$63.55) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±7.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 88.9% | ±20.2% |
| Dec 18, 2026 | 56 | 77.6% | ±24.6% |
| Jan 15, 2027 | 84 | 70.2% | ±27.1% |
| Apr 16, 2027 | 175 | 68.1% | ±37.8% |
| Jul 16, 2027 | 266 | 66.2% | ±44.9% |
| Oct 15, 2027 | 357 | 66.2% | ±51.5% |
30-day implied volatility 85.6% vs 71% realized over the last 30 trading days. Put/call ratio (volume) 0.62. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 317.67 |
|---|---|
| Change | ▼ 10.78% (down) |
| Previous Close | USD 356.06 |
| Open | USD 340.55 |
| Day Range | USD 311.83 – 341.96 |
| 52-Week Range | USD 311.81 – 748.89 |
| Volume | 1,129,592 shares |
| Market Cap | $11.38B |
| Exchange | NYQ |
Technical Analysis (FN)
Nexqual's technical model rates FN "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 27.06 (oversold) |
| vs SMA50 | Below (USD 426.1) |
| MACD | -22.54 (negative) |
Analyst Ratings (FN)
Wall Street analysts rate FN "Buy" based on 9 analysts, with a mean price target of USD 687.78 (range USD 431–800), per Nexqual as of October 23, 2026 at 10:37 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 687.78 |
| High Target | USD 800 |
| Low Target | USD 431 |
| Buy / Hold / Sell | 7 / 2 / 0 |
Earnings (FN)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 4.19 |
| Revenue Estimate | $1.40B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.1 vs est 3.81 ▲ beat |
| 2026-03-31 | USD 3.72 vs est 3.56 ▲ beat |
| 2025-12-31 | USD 3.36 vs est 3.25 ▲ beat |
| 2025-09-30 | USD 2.92 vs est 2.82 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (FN)
| Total Revenue | $4.64B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +44.60% |
| Gross Margin | +11.99% |
| Operating Margin | +10.23% |
| Profit Margin | +10.19% |
| ROE | +21.33% |
| Debt / Equity | 0 |
| Current Ratio | 2.25 |
| Total Cash | $875.05M |
| Total Debt | $4.01M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $4.22M (0.1% of revenue) |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financial Health Score (FN)
Nexqual rates Fabrinet's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Strong — Revenue +36% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 12%, operating 10% (last 12 months) |
| Balance Sheet | Strong — $875M cash vs $4M debt, net cash position |
| Cash Flow | Mixed — FCF $4M (last 4 quarters to Jun 2026, SEC), slim 0.1% margin |
| Efficiency | Strong — ROE 21%, ROA 8.6% |
Ownership (FN)
| Insider Ownership | +0.26% |
|---|---|
| Institutional Ownership | +103.72% |
| Shares Outstanding | 35.83M |
| Float | 35.72M |
| Short % of Float | +6.08% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Leadership (FN)
Fabrinet is led by Seamus Grady, CEO & Chairman, per Nexqual as of October 23, 2026 at 10:37 UTC.
| CEO & Chairman | Seamus Grady |
|---|---|
| President & COO | Harpal S. Gill |
| Executive Vice President of Sales & Marketing | Edward T. Archer |
| Vice President of Investor Relations | Garo Toomajanian |
Major Backers & Investors (FN)
Notable institutional backers of Fabrinet include Price (T.Rowe) Associates Inc, FMR, LLC, JPMorgan, according to Nexqual as of October 23, 2026 at 10:37 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 5.42% |
| FMR, LLC | 5.14% |
| JPMorgan | 4.4% |
| Invesco | 2.5% |
| T. Rowe Price | 2.37% |
| SmallCap World Fund Inc | 2.2% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.46% |
| Vanguard Group | 9.81% |
| State Street | 3.66% |
| Geode Capital | 2.99% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
From Fabrinet's Latest SEC 10-K Filing (filed 2026-08-18)
Key Strengths & Strategy (as disclosed to the SEC)
- We also anticipate our customers will continue to desire our vertically integrated capabilities, designing customized optics and glass to be incorporated into optical components, modules and complete network or laser systems.
- To protect our proprietary rights, we rely largely upon a combination of trade secrets, non-disclosure agreements and internal security systems.
- Historically, patents have not played a significant role in the protection of our proprietary rights.
- Over the years, we have developed strong relationships with thousands of suppliers and implemented inventory management strategies with many of them, which enables us to obtain inventory on an as-needed basis and provide on-site stocking programs.
Partnerships
- We have an inter-company agreement with our subsidiary in Thailand to provide manufacturing services to us, and we have inter-company agreements with certain of our subsidiaries in the U.S. and Singapore to provide certain administrative and business development services to us.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to the risk of increased income taxes, which could harm our business, financial condition and operating results.
- Failure to comply with applicable environmental laws and regulations could have a material adverse effect on our business, financial condition and operating results.
- The sale and manufacturing of products in certain states and countries may subject us to environmental laws and regulations.
- Risks Related to Ownership of Our Ordinary Shares
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| LFUS | Littelfuse, Inc. | USD 350.28 | ▼ 10.1% |
| VICR | Vicor Corporation | USD 179.99 | ▼ 15.66% |
| SANM | Sanmina Corporation | USD 154.47 | ▼ 10.23% |
| TTMI | TTM Technologies, Inc. | USD 73.89 | ▼ 27.67% |
| RAL | Ralliant Corporation | USD 65.64 | ▼ 5.27% |
| PLXS | Plexus Corp. | USD 220.78 | ▼ 7.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt