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Sep 26, 2025
Fabrinet Q1 2026 Earnings Report
Fabrinet reported strong Q1 2026 results with record revenue and EPS exceeding guidance.
Key Takeaways
Fabrinet delivered a record-setting first quarter driven by strong telecom performance, early contributions from High-Performance Computing, and resilient datacom results. EPS and revenue surpassed expectations.
Revenue reached a record $978.1 million, above the company's guidance range.
GAAP EPS was $2.66 and Non-GAAP EPS was $2.92, both above expectations.
Net income rose to $95.9 million, up from $77.4 million a year ago.
Strong demand in telecom and early High-Performance Computing contributions fueled growth.
Forward Guidance
Fabrinet expects Q2 revenue to range between $1.05B and $1.10B, with continued strong EPS performance.
Positive Outlook
- Q2 revenue guidance projects up to $1.10 billion
- GAAP EPS expected between $2.91 and $3.06
- Non-GAAP EPS expected between $3.15 and $3.30
- Continued strong telecom demand expected
- Positive momentum from High-Performance Computing contributions
Challenges Ahead
- Datacom revenue showed sequential decline
- Foreign exchange loss impacted income by $2.1 million
- Inventory increased significantly, which may impact cash flow
- Minor decline in operating margin YoY
- Macroeconomic risks and supply chain challenges remain
Historical Earnings Impact
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Avg. Return Before/After Earnings
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