Fabrinet (NYSE:FN) Issues Q2 2027 Earnings Guidance

Fabrinet (NYSE:FN) updated 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 EPS 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 Stock Up 15.2%

FN opened at $362.48 on Wednesday. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 27.36 and a beta of 1.35. The firm has a 50 day moving average price of $400.90 and a 200-day moving average price of $520.87. Fabrinet has a twelve month low of $305.63 and a twelve month high of $748.89.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, November 2nd. The technology company reported $4.34 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.13. Fabrinet had a return on equity of 22.81% and a net margin of 9.35%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $2.92 EPS. Fabrinet’s revenue for the quarter was up 50.7% compared to the same quarter last year. As a group, analysts expect that Fabrinet will post 17.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FN shares. B. Riley Financial dropped their target price on Fabrinet from $431.00 to $385.00 and set a “neutral” rating for the company in a report on Friday, October 30th. JPMorgan Chase & Co. raised their price target on Fabrinet from $465.00 to $470.00 and gave the stock a “neutral” rating in a research report on Tuesday. Susquehanna lowered their price target on Fabrinet from $850.00 to $600.00 and set a “positive” rating for the company in a research report on Wednesday, October 21st. Weiss Ratings lowered shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Finally, Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $579.25.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward Archer sold 2,500 shares of Fabrinet stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total transaction of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares in the company, valued at approximately $2,704,071.37. This trade represents a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported fiscal Q1 2027 EPS of $4.34, above estimates of roughly $4.19–$4.21, and revenue of $1.47 billion versus expectations of about $1.42 billion. Revenue rose 51% year over year and exceeded the company’s guidance. Fabrinet Q1 results
• Positive Sentiment: Data-center revenue surged 78%, with AI-related demand and new optical programs supporting growth. Fabrinet also discussed expanding manufacturing capacity, including Building 11. Data-center demand and Q1 results
• Positive Sentiment: Q2 guidance was well above analyst expectations: EPS of $4.77–$4.92 versus consensus of $4.39, and revenue of $1.6–$1.7 billion versus about $1.5 billion. Reports also cited buyback news as a contributor to the positive reaction. Earnings, guidance and buyback news
• Positive Sentiment: Some analyst commentary remained constructive: Needham reaffirmed its Buy rating and $500 target, while JPMorgan raised its target to $470 but kept a Neutral rating. Needham rating
• Negative Sentiment: Investors may scrutinize profitability and cash flow: an article highlighted that a new global minimum tax restrained earnings growth relative to sales, while rapid expansion carries cash costs. These issues could temper enthusiasm if margins or cash generation disappoint. Growth, taxes and cash costs

Fabrinet Company Profile

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.