Filing Flows › Fabrinet (FN) › Q1 FY27
Fabrinet (FN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 3, 2026
Fabrinet (FN) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +51% from a year earlier and +12% from the quarter before. Operating margin was 9.9%, net earnings $103M (7.0% of revenue).
Fabrinet, Q1 FY27: revenue $1.5B (+51% year over year), operating margin 9.9%, net earnings $103M, operating cash flow $21.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +12% | +51% |
| Gross profit | $174M | +10% | +49% |
| Operating profit | $146M | +9% | +55% |
| Net earnings | $103M | -26% | +8% |
| Operating cash flow | $21.3M | -61% | -79% |
What changed
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.
Questions
What was Fabrinet's revenue in the first quarter fiscal 2027?
Fabrinet (FN) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +51% from a year earlier and +12% from the quarter before.
Was Fabrinet profitable in the first quarter fiscal 2027?
Operating profit was $146M (9.9% of revenue) and net earnings $103M.
Source: Fabrinet 10-Q on SEC EDGAR.