Fabrinet (FN)
Manufactures complex optical and electronic products for data-center, communications, and industrial OEMs.
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Provides advanced optical packaging and precision manufacturing for data-center, communications-infrastructure, automotive, industrial-laser, medical, and sensor OEMs. Revenue comes mainly from data-center and communications programs, while volume production is centered in Thailand and sales are concentrated among a small customer group.
Provides outsourced advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing for OEMs. Core programs span data-center interconnects and communications infrastructure, including transceivers, transponders, switching modules, amplifiers, and active optical cables. Automotive components, industrial lasers, medical devices, sensors, and customized optics and glass broaden the mix.
Handles process design and engineering, supply-chain management, printed-circuit-board assembly, advanced packaging, integration, final assembly, and testing. Dedicated production teams and segregated factory-within-a-factory space help protect customer intellectual property while moving complex products from prototypes into volume production. Data-center and communications-infrastructure programs generate most revenue. Volume manufacturing is centered in Thailand, and a small group of customers accounts for most sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | Fox Advisors | Upgrade | ||
| Aug 18, 2026 | Barclays | Reiterate | Rating: —Target: $702 | Target: $739 |
| May 5, 2026 | Barclays | Target | Target: $548 | Target: $702 |
| Apr 20, 2026 | Northland Securities | Target | Target: $600 | Target: $800 |
| Apr 16, 2026 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 26, 2026Cash & short-term investments $875.1M · Total debt $4.0M · Total assets $3.91B · Shareholders' equity $2.45B
- Revenue
- $1.32B
- Operating income
- $137.9M
- Net income
- $142.2M
No dividends on record.
| Institutions | ≈ 98.43% | 35.27M shares | |
|---|---|---|---|
| 786 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.97% | 1.06M shares | |
| 13 holders · as of Sep 3, 2026 | |||
| Adds to | 101.40% | ||
35.83M company shares as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.40%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.47% | 4.82M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 5.42% | 1.94M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.30% | 1.90M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.14% | 1.84M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.51% | 1.62M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Edward T. Archer | officer: EVP, Sales & Marketing | −2,500 | $385.91 |
| May 22, 2026 | Homa Bahrami | director | −2,500 | $711.91 |
| Feb 25, 2026 | Thomas F. Kelly | director | −1,850 | $623.85 |
| Dec 4, 2025 | Thomas F. Kelly | director | −2,200 | $464.14 |
| Dec 5, 2025 | Darlene S. Knight | director | −500 | $482.11 |
- Celestica
Hyperscale EMS rival; pivoted to 800G optical networking and AI data centers.
- Coherent
Global #1 in 800G optical modules; fully integrated from InP chip to transceiver
- Jabil
10-K-named EMS giant; Jabil Photonics serves the same optical OEM set.
- Sanmina
10-K-named EMS rival; precision optical, medical, and defense manufacturing.
- Flex
Large EMS with $4.8B data-center business and growing automotive overlap.
- Lumentum
Leading EML chip maker; ramping own 800G/1.6T transceivers in Thailand.
- Plexus
Precision EMS for healthcare and industrial; non-optical segment overlap.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fabrinet | $398.97 | −0.65% | $14.39B | 30.8 | 21.9 | 3.1 | +44.6% |
| Celestica | $347.47 | +0.89% | $39.60B | 35.8 | 23.1 | 2.5 | +61.3% |
| Coherent | $313.25 | −2.57% | $62.90B | 78.2 | 33.5 | 8.8 | +33.7% |
| Jabil | $304.66 | +0.33% | $31.82B | 37.9 | 19.3 | 0.9 | +11.8% |
| Sanmina | $209.14 | −0.16% | $11.23B | 37.5 | 16.7 | 0.9 | +69.7% |
| Flex | $112.93 | +1.18% | $41.23B | 43.1 | 21.7 | 1.4 | +20.6% |
| Lumentum | $971.26 | +1.76% | $74.26B | — | 45.0 | 24.6 | +109.3% |
| Plexus | $260.56 | +3.25% | $6.75B | 37.3 | 26.0 | 1.5 | +28.1% |
| Median | 37.7 | 23.1 | 1.5 | +33.7% |