Fabrinet (NYSE:FN) Announces Earnings Results

Key Points

• Fabrinet beat expectations: reported $3.72 EPS versus $3.58 consensus and revenue of $1.21B versus $1.19B, and updated Q4 2026 guidance to 3.720–3.870 EPS.
• Shares surged: the stock rose $13.84 to $720.37 on heavier-than-average volume (971,292 vs. 708,184), leaving a market cap of $25.81B and a P/E of 69.0.
• Analysts adjusted ratings and targets—JPMorgan downgraded to neutral but lifted its target to $700 while others raised targets (Northland $800), resulting in a MarketBeat consensus of Moderate Buy with an average price target of $587.50.

Fabrinet (NYSE:FN - Get Free Report) issued its earnings results on Monday. The technology company reported $3.72 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.14, FiscalAI reports. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet updated its Q4 2026 guidance to 3.720-3.870 EPS.

Fabrinet Price Performance

Shares of NYSE FN traded up $13.84 during midday trading on Monday, reaching $720.37. 971,292 shares of the company traded hands, compared to its average volume of 708,184. The company has a market cap of $25.81 billion, a price-to-earnings ratio of 69.00 and a beta of 1.22. The stock has a 50-day moving average price of $588.72 and a 200 day moving average price of $504.95. Fabrinet has a 52 week low of $193.54 and a 52 week high of $734.79.

Analysts Set New Price Targets

A number of brokerages have commented on FN. JPMorgan Chase & Co. downgraded Fabrinet from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $530.00 to $700.00 in a research note on Thursday, April 16th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Needham & Company LLC reissued a "buy" rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Susquehanna upped their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a "positive" rating in a research report on Thursday, January 22nd. Finally, B. Riley Financial lifted their price target on Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Fabrinet currently has a consensus rating of "Moderate Buy" and an average price target of $587.50.

Hedge Funds Weigh In On Fabrinet

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC acquired a new stake in Fabrinet in the first quarter worth approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company's stock worth $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new position in Fabrinet during the 2nd quarter valued at $214,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock valued at $157,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.

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