FN Q1 2026 Earnings
Reported Nov 3, 2025 at 4:21 PM ET · SEC Source
Q1 26 EPS
$2.92
BEAT +3.59%
Est. $2.82
Q1 26 Revenue
$978.1M
BEAT +4.61%
Est. $935.0M
vs S&P Since Q1 26
+36.0%
BEATING MARKET
FN +42.7% vs S&P +6.7%
Market Reaction
Did FN Beat Earnings? Q1 2026 Results
Fabrinet kicked off fiscal 2026 with an outstanding first quarter, posting revenue of $978.13 million, up 21.6% year over year and ahead of the $935.04 million consensus by 4.61%, while non-GAAP diluted EPS of $2.92 cleared the $2.82 estimate by 3.59… Read more Fabrinet kicked off fiscal 2026 with an outstanding first quarter, posting revenue of $978.13 million, up 21.6% year over year and ahead of the $935.04 million consensus by 4.61%, while non-GAAP diluted EPS of $2.92 cleared the $2.82 estimate by 3.59%. The results were driven by a confluence of strong telecom demand, an earlier-than-expected contribution from new High-Performance Computing revenue streams, and a smaller sequential decline in datacom than the market had anticipated, a combination CEO Seamus Grady described as "outstanding." Operating cash flow rose to $102.57 million from $83.18 million a year earlier, reflecting the quality of the earnings beat, and growing institutional interest in the stock underscores the market's attention on Fabrinet's trajectory. Looking ahead, the company guided fiscal Q2 revenue to $1.05 billion to $1.10 billion with non-GAAP EPS of $3.15 to $3.30, signaling that management expects the momentum that defined this record quarter to accelerate further into the winter period.
Key Takeaways
- • Strong telecom performance
- • Early contribution from new High-Performance Computing (HPC) revenue
- • Smaller than anticipated sequential decline in datacom revenue
- • Strong execution translating revenue upside directly to the bottom line
FN YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We had an outstanding first quarter with revenue of $978 million dollars, which was above our guidance range. This record result was driven by another strong telecom performance, an early contribution from new High-Performance Computing revenue, and a smaller than anticipated sequential decline in datacom revenue. With continued strong execution, our revenue upside flowed directly to the bottom line, resulting in record earnings per share that also exceeded our guidance. With multiple tailwinds, we are optimistic that we will see our growth further accelerate in the second quarter.”
— Seamus Grady, Q1 2026 Earnings Press Release
FN Earnings Trends
FN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FN EPS Trend
Earnings per share: estimate vs actual
FN Revenue Trend
Quarterly revenue: estimate vs actual
FN Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $3.25 | $3.36 | +3.38% | $1.13B | +5.15% |
| Q1 26 BEAT | $2.82 | $2.92 | +3.59% | $978.1M | +4.61% |
| Q4 25 BEAT FY | $2.64 | $2.65 | +0.38% | $909.7M | +3.14% |
| FY Full Year | $10.12 | $10.17 | +0.51% | $3.42B | +0.82% |
| Q3 25 BEAT | $2.47 | $2.52 | +1.91% | $871.8M | +1.73% |