Northland Securities Predicts Higher Earnings for Fabrinet

Key Points

• Northland Securities raised its FY2026 EPS estimate for Fabrinet to $12.99 from $12.75, slightly above the current consensus estimate of $12.96. The firm also sees Q4 2026 EPS at $3.66.
• Fabrinet beat quarterly expectations in its latest earnings report, posting $3.72 EPS versus the $3.58 consensus and $1.21 billion in revenue, up 39.3% year over year. The company also gave Q4 2026 guidance of $3.720 to $3.870 EPS.
• Analyst sentiment remains broadly positive, with several firms lifting price targets and the stock carrying a consensus “Moderate Buy” rating and $661.75 target price. However, JPMorgan and Fox Advisors recently took more cautious stances, showing some mixed views.

Fabrinet (NYSE:FN - Free Report) - Stock analysts at Northland Securities increased their FY2026 earnings per share estimates for shares of Fabrinet in a report issued on Tuesday, May 5th. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $12.99 for the year, up from their prior estimate of $12.75. The consensus estimate for Fabrinet's current full-year earnings is $12.96 per share. Northland Securities also issued estimates for Fabrinet's Q4 2026 earnings at $3.66 EPS.

A number of other brokerages also recently issued reports on FN. Susquehanna lifted their price target on Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a report on Thursday, January 22nd. B. Riley Financial boosted their target price on Fabrinet from $366.00 to $452.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 3rd. Fox Advisors downgraded Fabrinet from a "strong-buy" rating to an "equal weight" rating in a research note on Tuesday, May 5th. Needham & Company LLC restated a "buy" rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. One 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $661.75.

Fabrinet Trading Down 0.1%

Shares of NYSE:FN opened at $620.70 on Monday. Fabrinet has a 12-month low of $199.86 and a 12-month high of $734.79. The business's fifty day simple moving average is $593.72 and its 200-day simple moving average is $510.15. The company has a market capitalization of $22.24 billion, a PE ratio of 53.32 and a beta of 1.22.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $2.52 EPS. Fabrinet's quarterly revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS.

Hedge Funds Weigh In On Fabrinet

Several institutional investors and hedge funds have recently modified their holdings of FN. Core Wealth Advisors LLC purchased a new position in Fabrinet during the fourth quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Fabrinet in the first quarter valued at approximately $31,000. Westend Capital Management LLC acquired a new stake in Fabrinet in the fourth quarter valued at approximately $29,000. Harbour Investments Inc. grew its holdings in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock valued at $29,000 after purchasing an additional 27 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.38% of the company's stock.

Trending Headlines about Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Northland Securities lifted its earnings forecasts for Fabrinet, including higher FY2027 and Q4 2027 EPS estimates, suggesting improving profit expectations. Northland Securities EPS estimate updates
• Positive Sentiment: Zacks Research upgraded Fabrinet from hold to strong-buy, reinforcing bullish analyst sentiment on the stock. Zacks upgrade
• Positive Sentiment: Another recent note described Fabrinet as a technology name analysts are bullish on, adding to the constructive outlook. Analysts are bullish on Fabrinet
• Neutral Sentiment: Fabrinet also appeared in a comparison article on how it has performed versus the broader computer and technology sector this year, which is informational rather than a direct catalyst. Sector performance comparison
• Negative Sentiment: A separate report from JPMorgan Chase & Co. was described as pessimistic on Fabrinet’s stock price, which may be tempering some of the upside from the analyst upgrades. JPMorgan pessimistic forecast

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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