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Fabrinet (FN) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 3, 2026 · Fabrinet (FN) Q1 FY27 earnings results →

Q1 FY27 Revenue up 51% year over year to $1.5B · 7¢ of every $1 of revenue kept as net profit · operating margin 9.9%

Fabrinet made $1.5B in Q1 FY27 (+51% Y/Y): Data center $777M, Communications infrastructure $444M, Automotive, Industrial and Others $253M. Operating margin 9.9%, net earnings $103M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$1.5B
Year over year+51%
Operating margin9.9%
Net earnings$103M
Operating cash flow$21.3M

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Fabrinet Q1 FY27 revenue breakdown: Sankey diagram of revenue (Data center, Communications infrastructure, Automotive, Industrial and Others), costs, profit and cash flow
Fabrinet Q1 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.5B in Q1 FY27, up 51% year over year and up 12% from the previous quarter. Data center was the largest line at 53% of revenue. Data center added $0.34B year over year (up 78%), 68% of the total change.

Gross margin was 11.8%, down 0.1 points from Q1 FY26. Operating profit was $0.15B, a 9.9% margin (up 0.3 points year over year). Of the extra revenue versus Q1 FY26, 10% reached operating profit, above the 10% margin then. Operating expenses grew 25% against revenue growth of 51%. Net earnings were $0.10B, up 8% year over year. The effective tax rate was 20.1%.

Operating cash flow was $0.02B (down 79% year over year), 21% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.14B.

Quarterly history

Fabrinet revenue by quarterFabrinet revenue by quarter$872MQ3 FY25$910MQ4 FY25$978MQ1 FY26$1.1BQ2 FY26$1.2BQ3 FY26$1.3BQ4 FY26$1.5BQ1 FY27
Fabrinet net earnings by quarterFabrinet net earnings by quarter$81.3MQ3 FY25$87.2MQ4 FY25$95.9MQ1 FY26$113MQ2 FY26$125MQ3 FY26$139MQ4 FY26$103MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 3, 2026$1.5B+51%9.9%$103M$21.3M
Q4 FY2610-KAug 18, 2026$1.3B+45%10.2%$139M$55.0M
Q3 FY2610-QMay 5, 2026$1.2B+39%9.9%$125M$52.9M
Q2 FY2610-QFeb 3, 2026$1.1B+36%10.1%$113M$46.3M
Q1 FY2610-QNov 4, 2025$978M+22%9.6%$95.9M$103M
Q4 FY2510-KAug 19, 2025$910M+21%9.8%$87.2M$55.1M
Q3 FY2510-QMay 6, 2025$872M+19%9.0%$81.3M$74.2M

Charts

Fabrinet: revenue growth, year over year and quarter over quarterFabrinet: revenue growth, year over year and quarter over quarterY/YQ/Q+19%Q3 FY25+21%+4%Q4 FY25+22%+8%Q1 FY26+36%+16%Q2 FY26+39%+7%Q3 FY26+45%+8%Q4 FY26+51%+12%Q1 FY27
Latest (Q1 FY27): Y/Y +51%, Q/Q +12%.
Fabrinet: where the cash came from (+) and went (−), TTM to Q1 FY27Fabrinet: where the cash came from (+) and went (−), TTM to Q1 FY27Capital spending−$366MOther investing$265MOperating cash flow$175MCash drawn (+) / kept (−)−$88.2MOther financing$74.8MBuybacks−$34.1MTaxes on employees’ shares−$26.7MAsset & business sales$1.5MExchange rates−$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Fabrinet: profit against cash, quarter by quarterFabrinet: profit against cash, quarter by quarterNet incomeOperating cash flow$86.6M$116MQ2 FY25$81.3M$74.2MQ3 FY25$87.2M$55.1MQ4 FY25$95.9M$103MQ1 FY26$113M$46.3MQ2 FY26$125M$52.9MQ3 FY26$139M$55.0MQ4 FY26$103M$21.3MQ1 FY27
Latest (Q1 FY27): Net income $103M, Operating cash flow $21.3M.
Fabrinet: diluted shares by fiscal yearFabrinet: diluted shares by fiscal year38MFY2137MFY2237MFY2337MFY2436MFY2536MFY26
-3.5% since FY21: buybacks shrank the count.
Fabrinet in its industry: growth against margin (6 companies, SIC 3661)Fabrinet in its industry: growth against margin (6 companies, SIC 3661)revenue growth, year over year →↑ operating marginmedian +37%median 10%CIENADTNCLFDFKWLFIEEFN (+51%, 10%)
Telephone & Telegraph Apparatus; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Fabrinet

We provide advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (“OEMs”) of complex products such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices and sensors. We offer a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. We are capable of producing a wide variety of high complexity products in any mix and any volume.

In its own words, from its 10-K, filed Aug 18, 2026.

Fabrinet against its Telephone & Telegraph Apparatus peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +51% against the peers' median +37%. Operating margin: 9.9% against the peers' median 9.9%.

CompanyQuarterRevenueY/YOp. margin
FN FabrinetQ1 FY27$1.5B+51%9.9%
CIEN CienaQ3 FY26$1.7B+37%18.0%
ADTN Adtran HoldingsQ3 2026$281M+0.6%-0.3%
CLFD ClearfieldQ3 FY26$43.9M+13%5.9%
FKWL Franklin WirelessQ4 FY26$8.4M+21%-21.5%
FIEE FiEEQ2 2026$4.8M107×54.8%

Source: Fabrinet 10-Q on SEC EDGAR · CIK 1408710 · Telephone & Telegraph Apparatus

Guidance and outlook

Fabrinet Revenue: guidance against what was reportedFabrinet Revenue: guidance against what was reportedguided rangereported (above / within / below)Q3 FY25$872MQ4 FY25$910MQ1 FY26$978MQ2 FY26$1.1BQ3 FY26$1.2BQ4 FY26$1.3BQ1 FY27$1.5BQ2 FY27
Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Fabrinet: what its forward-looking statements are about (10-Q filed 2026-11-03)Fabrinet: what its forward-looking statements are about (10-Q filed 2026-11-03)Demand4Costs4Other4Margins3Supply chain1The economy1People1Legal & regulation1
19 statements; tone +0.21 (−1 all cautious, +1 all confident); 3 hedged.
Fabrinet: outlook statements against the filing beforeFabrinet: outlook statements against the filing beforeConfident5Cautious1

More on FN

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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