Filing Flows › Fabrinet (FN) › Q2 FY26
Fabrinet (FN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 3, 2026
Fabrinet (FN) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +36% from a year earlier and +16% from the quarter before. Operating margin was 10.1%, net earnings $113M (9.9% of revenue).
Fabrinet, Q2 FY26: revenue $1.1B (+36% year over year), operating margin 10.1%, net earnings $113M, operating cash flow $46.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +16% | +36% |
| Gross profit | $138M | +18% | +37% |
| Operating profit | $114M | +21% | +44% |
| Net earnings | $113M | +17% | +30% |
| Operating cash flow | $46.3M | -55% | -60% |
What changed
Revenue was $1.1B in Q2 FY26, up 36% year over year and up 16% from the previous quarter. Optical communications was the largest line at 73% of revenue. Optical communications added $0.19B year over year (up 29%), 62% of the total change.
Gross margin was 12.2%, up 0.1 points from a year earlier. Operating profit was $0.11B, a 10.1% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 10% margin then. Operating expenses grew 10% against revenue growth of 36%. Net earnings were $0.11B, up 30% year over year. The effective tax rate was 5.9%.
Operating cash flow was $0.05B (down 60% year over year), 41% 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 $0.09B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Fabrinet's revenue in the second quarter fiscal 2026?
Fabrinet (FN) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +36% from a year earlier and +16% from the quarter before.
Was Fabrinet profitable in the second quarter fiscal 2026?
Operating profit was $114M (10.1% of revenue) and net earnings $113M.
Source: Fabrinet 10-Q on SEC EDGAR.