Fabrinet (FN)
ConvictionModerate
Outsourced precision manufacturing, assembly and test on a build-to-customer-design basis; revenue is per-unit assembly fees plus largely pass-through materials, making it a low-margin, high-volume price-taker that monetizes labor and process know-how rather than its own product IP.
Revenue
$1,214.3M Q3 FY26 quarterlyfact, qtr ended Mar 27 2026); $4.24B TTM (fact, Jun 2026Rev growth
+39% YoY+7% QoQ (fact, Q3 FY26Gross margin
12.1% non-GAAPfact, Q3 FY26); ~12.0% GAAP — structurally capped near 12%Op margin
10.7% non-GAAPfact, Q3 FY26); ~9.9% GAAP TTMCapex intensity
Low historically~2-4% of revenue) but rising on Building 10 / Building 11 / Navanakorn buildout (estimate — exact Q3 capex not separately disclosed in releaseMarket cap
~$20.3Bfact, Jun 26 2026; ~35.83M shares x ~$568Price · 1-year trend
real · weekly$568+92% 1yUSD
52-week range
$291 – $722
52w lowas of 2026-06-25 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityModerate
AI Compute Value-Chain
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position · avoidWeak
AI Compute Value-Chain
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opportunityWeak
AI datacenter power & cooling
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The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Fabrinet (FN)
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence