Filing Flows › Fabrinet (FN) › Q1 FY27 › vs Q1 FY26
Fabrinet (FN) Q1 FY27 vs Q1 FY26 (year over year)
Fabrinet's revenue rose $496M (+51%) from $978M in Q1 FY26 to $1.5B in Q1 FY27. The biggest changes: Data center +$340M (+78%); Communications infrastructure +$114M (+35%); Automotive, Industrial and Others +$42.5M (+20%). Gross margin 11.8% against 11.9% (-0.1 pts).
Fabrinet, Q1 FY27: revenue $1.5B (+51% year over year), operating margin 9.9%, net earnings $103M, operating cash flow $21.3M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 11.8% | 11.9% | -0.1 pts |
| Operating margin | 9.9% | 9.6% | +0.3 pts |
| Net margin | 7.0% | 9.8% | -2.8 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Data center | $777M | $438M | $340M | +78% |
| Communications infrastructure | $444M | $330M | $114M | +35% |
| Automotive, Industrial and Others | $253M | $211M | $42.5M | +20% |
| Revenue | $1.5B | $978M | $496M | +51% |
| Gross profit | $174M | $116M | $57.4M | +49% |
| Cost of revenue | $1.3B | $862M | $439M | +51% |
| Operating profit | $146M | $94.2M | $51.8M | +55% |
| Operating expenses | $27.8M | $22.2M | $5.5M | +25% |
| Pre-tax earnings | $130M | $101M | $28.1M | +28% |
| Other expense, net | $16.5M | −$7.2M | $23.7M | — |
| Net earnings | $103M | $95.9M | $7.6M | +8% |
| Income tax | $26.0M | $5.5M | $20.5M | +373% |
| Operating cash sources | $136M | $120M | $16.6M | +14% |
| Depreciation & amortization | $21.7M | $14.9M | $6.8M | +46% |
| Share-based compensation | $11.2M | $9.1M | $2.2M | +24% |
| Working capital & other | $115M | $17.3M | $97.8M | +566% |
| Operating cash flow | $21.3M | $103M | −$81.3M | -79% |
| Capital expenditures | $159M | $45.3M | $113M | +251% |
| Negative free cash flow (OCF − capex) | $137M | −$57.3M | $195M | — |
Questions
How much did Fabrinet's revenue grow year over year in Q1 FY27?
Fabrinet's revenue rose $496M (+51%) from $978M in Q1 FY26 to $1.5B in Q1 FY27.
What drove Fabrinet's revenue change in Q1 FY27?
Data center +$340M (+78%); Communications infrastructure +$114M (+35%); Automotive, Industrial and Others +$42.5M (+20%).