Fabrinet (NYSE:FN) Posts Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Fabrinet reported a quarterly earnings per share of $2.65, surpassing analysts' estimates of $2.63, with a year-over-year earnings increase from $2.41.
• The company updated its Q1 2026 guidance to an anticipated earnings per share range of $2.750 to $2.900.
• Fabrinet's shares experienced a $3.33 drop during trading, closing at $326.47, following a trading volume of nearly 1.2 million shares.

Fabrinet (NYSE:FN - Get Free Report) issued its quarterly earnings results on Monday. The technology company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.02, RTT News reports. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same quarter in the prior year, the company posted $2.41 EPS. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. Fabrinet updated its Q1 2026 guidance to 2.750-2.900 EPS.

Fabrinet Trading Up 5.9%

Shares of FN stock traded up $16.2780 during trading hours on Friday, hitting $293.3180. 622,571 shares of the company's stock were exchanged, compared to its average volume of 722,126. Fabrinet has a 12-month low of $148.55 and a 12-month high of $356.55. The business's 50 day simple moving average is $300.68 and its 200-day simple moving average is $242.03. The company has a market capitalization of $10.48 billion, a PE ratio of 31.95 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of brokerages have commented on FN. B. Riley lifted their target price on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays lifted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Fabrinet from $235.00 to $318.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Wolfe Research started coverage on shares of Fabrinet in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $307.83.

Insiders Place Their Bets

In other news, COO Harpal Gill sold 18,675 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the sale, the chief operating officer owned 18,068 shares in the company, valued at approximately $4,336,320. The trade was a 50.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company's stock valued at $524,432,000 after purchasing an additional 553,196 shares during the period. AQR Capital Management LLC increased its holdings in shares of Fabrinet by 74.7% during the second quarter. AQR Capital Management LLC now owns 119,285 shares of the technology company's stock valued at $35,151,000 after acquiring an additional 51,008 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Fabrinet by 596.1% in the 2nd quarter. Engineers Gate Manager LP now owns 43,793 shares of the technology company's stock worth $12,905,000 after buying an additional 37,502 shares during the period. Cerity Partners LLC boosted its position in Fabrinet by 564.7% in the 2nd quarter. Cerity Partners LLC now owns 21,934 shares of the technology company's stock worth $6,464,000 after purchasing an additional 18,634 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Fabrinet by 15.8% in the 2nd quarter. Sei Investments Co. now owns 113,826 shares of the technology company's stock worth $33,542,000 after purchasing an additional 15,504 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.