FN Q2 2026 Earnings
Reported Feb 2, 2026 at 4:21 PM ET · SEC Source
Q2 26 EPS
$3.36
BEAT +3.38%
Est. $3.25
Q2 26 Revenue
$1.13B
BEAT +5.15%
Est. $1.08B
vs S&P Since Q2 26
+49.1%
BEATING MARKET
FN +53.6% vs S&P +4.5%
Market Reaction
Did FN Beat Earnings? Q2 2026 Results
Fabrinet capped off a standout fiscal second quarter of 2026 with record revenue of $1.13 billion, up 35.9% year over year, and non-GAAP EPS of $3.36, beating the $3.25 Wall Street consensus by 3.38%, as broad-based strength across key strategic prog… Read more Fabrinet capped off a standout fiscal second quarter of 2026 with record revenue of $1.13 billion, up 35.9% year over year, and non-GAAP EPS of $3.36, beating the $3.25 Wall Street consensus by 3.38%, as broad-based strength across key strategic programs drove results well ahead of guidance. Revenue topped analyst expectations by 5.15%, with CEO Seamus Grady crediting excellent execution and strong operating leverage for the record per-share earnings, while GAAP net income climbed to $112.63 million from $86.64 million in the year-ago period. The standout performance reflects accelerating demand tied to AI infrastructure buildout and next-generation telecom programs, a theme that underpinned a nearly 14% single-day jump in shares following the report, with Barclays subsequently raising its price target to $548. Looking ahead, Fabrinet guided Q3 FY2026 revenue to a range of $1.15 billion to $1.20 billion, with non-GAAP EPS of $3.45 to $3.60, signaling management's confidence that the momentum driving this quarter's results remains firmly intact.
Key Takeaways
- • Multiple large, key strategic programs across the business contributed to record results
- • Excellent execution and strong operating leverage generated record earnings per share
- • Non-GAAP operating margin expanded to 10.9% from 10.6% year-over-year
FN Forward Guidance & Outlook
For Q3 FY2026 ending March 27, 2026, Fabrinet expects revenue of $1.15 billion to $1.20 billion, GAAP net income per diluted share of $3.22 to $3.37, and non-GAAP net income per diluted share of $3.45 to $3.60, based on approximately 36.3 million fully diluted shares outstanding. Management expressed confidence that the same powerful drivers that produced the Q2 results will extend into Q3.
FN YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We delivered an exceptional second quarter with record revenue and earnings that significantly exceeded our guidance ranges. Multiple large, key strategic programs across our business all contributed to our outstanding performance. At the same time, excellent execution and strong operating leverage generated record earnings per share that was also above our guidance range. We are confident that the same drivers that helped produce these results will extend into the third quarter, as reflected in our strong guidance.”
— Seamus Grady, Q2 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% |