Fabrinet (NYSE:FN) Announces Q2 2027 Earnings Guidance

Fabrinet (NYSE:FN) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.770-4.920 for the period, compared to the consensus earnings per share estimate of 4.390. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.5 billion.

Fabrinet Stock Up 12.9%

Shares of Fabrinet stock traded up $40.51 on Tuesday, hitting $355.21. 380,356 shares of the company’s stock traded hands, compared to its average volume of 859,584. The stock has a market cap of $12.73 billion, a P/E ratio of 27.16 and a beta of 1.35. The firm’s 50-day moving average is $402.07 and its 200 day moving average is $521.45. Fabrinet has a 52-week low of $305.63 and a 52-week high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $4.34 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.41 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The firm’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period last year, the business earned $2.92 EPS. Equities research analysts forecast that Fabrinet will post 17.50 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. JPMorgan Chase & Co. upped their target price on Fabrinet from $680.00 to $695.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Barclays increased their price target on Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Finally, Fox Advisors raised Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $607.38.

Insiders Place Their Bets

In other Fabrinet news, EVP Edward Archer sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total transaction of $964,775.00. Following the sale, the executive vice president owned 7,007 shares in the company, valued at approximately $2,704,071.37. The trade was a 26.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Strong first-quarter results: Fabrinet reported fiscal Q1 revenue of $1.47 billion, up 50.7% year over year and above the $1.41 billion consensus estimate. EPS of $4.34 also exceeded expectations of approximately $4.19-$4.20 and rose from $2.92 a year earlier. Fabrinet First-Quarter Fiscal 2027 Results
• Positive Sentiment: Optimistic second-quarter outlook: Management forecast EPS of $4.77-$4.92 versus the $4.39 consensus estimate, and revenue of $1.6-$1.7 billion versus expectations of $1.5 billion. The company cited strong demand from data-center customers. Fabrinet Earnings and Guidance
• Positive Sentiment: Capacity expansion supports growth: Fabrinet is beginning work on Building 11, which is expected to add roughly $3 billion of capacity over time, reinforcing its ability to serve longer-term AI and data-center infrastructure demand. Fabrinet Building 11 Capacity Expansion
• Positive Sentiment: Analyst support remains favorable: Needham reaffirmed a Buy rating with a $500 price target, while Rosenblatt maintained Buy but lowered its target from $750 to $600.
• Neutral Sentiment: Tax and cash-flow considerations: Commentary noted that a new global minimum tax limited GAAP earnings growth relative to revenue growth, while rapid expansion is consuming cash. Investors may monitor margins, taxes and capital spending as growth accelerates. Fabrinet Growth and Cash Costs

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.