Fabrinet (NYSE:FN) Updates Q1 2026 Earnings Guidance

Key Points

• Fabrinet updated its Q1 2026 earnings guidance, projecting earnings per share of $2.750-$2.900, above the consensus estimate of $2.743, with revenue guidance set at $910.0 million-$950.0 million.
• The company's stock experienced a 1.0% decline, trading at $326.47, with over 1 million shares exchanged during mid-day trading.
• Analysts have varied target price revisions; notable adjustments include JPMorgan's new target of $318.00 and Needham maintaining a "buy" rating with a target of $280.00.

Fabrinet (NYSE:FN - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.750-2.900 for the period, compared to the consensus earnings per share estimate of 2.743. The company issued revenue guidance of $910.0 million-$950.0 million, compared to the consensus revenue estimate of $916.7 million.

Fabrinet Stock Down 1.0%

Shares of NYSE FN traded down $3.33 during mid-day trading on Monday, hitting $326.47. 1,091,802 shares of the company were exchanged, compared to its average volume of 710,453. The stock has a 50 day simple moving average of $296.70 and a 200-day simple moving average of $240.34. Fabrinet has a 1-year low of $148.55 and a 1-year high of $356.55. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 36.36 and a beta of 1.02.

Analysts Set New Price Targets

A number of research firms have commented on FN. JPMorgan Chase & Co. raised their target price on Fabrinet from $235.00 to $318.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Needham & Company LLC reissued a "buy" rating and issued a $280.00 target price on shares of Fabrinet in a report on Tuesday, May 6th. Barclays set a $234.00 target price on Fabrinet and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Rosenblatt Securities raised their target price on Fabrinet from $250.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Wolfe Research began coverage on Fabrinet in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $261.33.

Insider Activity

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

Institutional Trading of Fabrinet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FN. EverSource Wealth Advisors LLC increased its position in Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock worth $157,000 after purchasing an additional 454 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Fabrinet during the 1st quarter worth about $203,000. M&T Bank Corp purchased a new stake in Fabrinet during the 2nd quarter worth about $214,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Fabrinet during the 2nd quarter worth about $254,000. Finally, Quantinno Capital Management LP increased its position in Fabrinet by 53.2% during the 2nd quarter. Quantinno Capital Management LP now owns 1,893 shares of the technology company's stock worth $558,000 after purchasing an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.