Fabrinet (NYSE:FN) Releases Q2 2027 Earnings Guidance

Key Points

• Fabrinet guided for fiscal Q2 2027 EPS of $4.77–$4.92, above the $4.39 analyst consensus, and revenue of $1.6–$1.7 billion versus the $1.5 billion consensus.
• The company’s fiscal Q1 results also exceeded expectations, with EPS of $4.34 and revenue of $1.47 billion, up 50.7% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $607.38, although the stock recently traded near its 52-week low and faces monitoring of expansion costs and tax-related margin pressure.

Fabrinet (NYSE:FN - Get Free Report) issued an update on its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.770-4.920 for the period, compared to the consensus estimate of 4.390. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.5 billion.

Fabrinet Price Performance

FN opened at $313.86 on Tuesday. Fabrinet has a fifty-two week low of $305.63 and a fifty-two week high of $748.89. The firm has a market capitalization of $11.25 billion, a PE ratio of 27.85 and a beta of 1.23. The company's 50-day moving average is $402.07 and its 200 day moving average is $521.45.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%. The company's quarterly revenue was up 50.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.92 EPS. As a group, analysts expect that Fabrinet will post 17.50 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FN shares. Wall Street Zen lowered Fabrinet from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings cut Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. Zacks Research upgraded Fabrinet from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Rosenblatt Securities lowered their price target on Fabrinet from $750.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Barclays increased their price target on Fabrinet from $702.00 to $739.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $607.38.

Insider Activity at Fabrinet

In other news, EVP Edward Archer sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the transaction, the executive vice president owned 7,007 shares in the company, valued at $2,704,071.37. The trade was a 26.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fiscal Q1 revenue of $1.47 billion, up 50.7% year over year and above both its guidance range and analysts’ expectations of approximately $1.41 billion. Fabrinet Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Adjusted earnings came in at $4.34 per share, exceeding consensus estimates near $4.19-$4.20 and rising from $2.92 a year earlier. The revenue and earnings “double beat” supported the initial upward reaction in the shares. Fabrinet Stock Jumps on Q1 Earnings Double Beat, Strong Guidance
• Positive Sentiment: Management forecast fiscal Q2 revenue of $1.60 billion to $1.65 billion, implying continued strong demand, while beginning construction of Building 11, which is expected to add roughly $3 billion of capacity. Fabrinet anticipates Q2 revenue of $1.6B-$1.65B while starting Building 11
• Neutral Sentiment: The rapid growth is being driven by Fabrinet’s optical manufacturing business, particularly demand tied to advanced optical products and data-center infrastructure.
• Negative Sentiment: Investors are also monitoring the cost of expansion and a new global minimum tax, which limited GAAP earnings growth relative to the 51% revenue increase and may pressure cash flow and margins. Fabrinet's 51% Growth Comes at a Cash Cost
• Negative Sentiment: The stock recently touched a new 52-week low near $314, highlighting elevated volatility and continued sensitivity to valuation, execution and broader technology-sector sentiment. Fabrinet Drops to $314, a New 52-Week Low

About Fabrinet

Fabrinet NYSE: FN is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.

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