Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1875.0%
Neutral625.0%
Bearish00.0%
Fabrinet · FN · FY2025 Q2 · Calendar Q1 2025
Fabrinet: Telecom Strength Offsets Datacom Transition
The analysis supports a constructive but conditional view: telecom DCI and ZR demand, automotive and industrial laser momentum, and added capacity provide support, while the datacom transition and execution risks require confirmation in subsequent quarters.
Reported After market closeNYSETechnology
$11.29B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.48
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $814.6M
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-8.2%
Event window
SPY move
+0.7%
Same window
Abnormal move
-8.9%
Stock minus SPY
Volume
4.7×
Versus trailing sessions
Subsequent drift
-4.5%
Up to 20 sessions
FNSPY benchmark
Ask FN2 about FN FY2025 Q2
Transcript, numbers and history already loaded
What drove FN's -8.2% move after FY2025 Q2 earnings?What changed in FN's guidance and outlook in FY2025 Q2?Give me the bull and bear case for FN after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Telecom and related optical products became the clearest current growth driver, while datacom momentum moderated ahead of the 1.6-terabit transition. Management also emphasized expanded capacity, a Ciena system win, and continued product and share-repurchase initiatives.
Guidance delta
Maintained; management remained confident while pointing to continued capacity expansion and product ramps.
Key takeaways
- Management described record revenue and EPS, with telecom growth led by DCI and ZR product wins.
- Datacom growth temporarily slowed as Fabrinet prepared for a next-generation 1.6-terabit product ramp.
- Building 10, new product launches, share repurchases, and automotive and industrial laser opportunities remain central to the growth plan.
Management priorities
- Complete Building 10 and bring additional manufacturing capacity online.
- Launch 1.6-terabit silicon-photonics transceivers and expand DCI and ZR offerings.
- Pursue automotive and industrial laser opportunities while maintaining the share-repurchase program.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$314.94Current
$100Low
$348.67Average
$800High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Susquehanna | Positive | Positive | Maintain | Oct 21, 2026 |
| B. Riley Securities | Neutral | Neutral | Maintain | Oct 15, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Aug 20, 2026 |
| Needham | Buy | Buy | Maintain | Aug 18, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Aug 18, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 18, 2026 |
| Northland Capital Markets | Outperform | Market Perform | Upgrade | Mar 21, 2024 |
| Lake Street | Buy | Buy | Maintain | Aug 22, 2023 |
| HC Wainwright & Co. | Buy | Buy | Maintain | Aug 22, 2023 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Mar 1, 2023 |
| Loop Capital | Buy | Buy | Maintain | Apr 26, 2022 |
| MKM Partners | Neutral | Neutral | Maintain | Aug 17, 2021 |
| Stifel | Buy | Buy | Maintain | Feb 2, 2021 |
| B. Riley FBR | Neutral | Neutral | Maintain | Feb 2, 2021 |
| Northland | Outperform | Market Perform | Upgrade | Sep 30, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Aug 20, 2019 |
| TD Securities | Buy | Hold | Upgrade | Feb 27, 2019 |
| William O'Neil & Co | Buy | Buy | Maintain | Nov 9, 2018 |
| B. Riley | Buy | Buy | Maintain | Nov 7, 2017 |
| PiperJaffray | Overweight | Overweight | Maintain | Jan 4, 2016 |
| Piper Sandler | Overweight | Overweight | Maintain | Jan 4, 2016 |
| Northland Securities | Outperform | Outperform | Maintain | Nov 3, 2015 |
| Deutsche Bank | Hold | Hold | Maintain | May 4, 2015 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 8, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $314.94. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $739 | $598.58 | +134.6% | Aug 18, 2026 |
| Barclays | Tim Long | $702 | $717.8 | +122.9% | May 5, 2026 |
| Northland Securities | Analyst unavailable | $800 | $684.33 | +154.0% | Apr 20, 2026 |
| Wolfe Research | Analyst unavailable | $540 | $457.98 | +71.5% | Feb 4, 2026 |
| Barclays | Tim Long | $548 | $499.61 | +74.0% | Feb 3, 2026 |
| Susquehanna | Analyst unavailable | $570 | $488.36 | +81.0% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $537 | $489 | +70.5% | Jan 14, 2026 |
| Northland Securities | Analyst unavailable | $600 | $479.51 | +90.5% | Dec 22, 2025 |
| Barclays | Analyst unavailable | $499 | $459.6 | +58.4% | Nov 5, 2025 |
| Northland Securities | Analyst unavailable | $550 | $473.16 | +74.6% | Nov 4, 2025 |
| Barclays | Tim Long | $329 | $327.12 | +4.5% | Aug 19, 2025 |
| Barclays | George Wang | $234 | $220.9 | -25.7% | May 6, 2025 |
| Needham | Ryan Koontz | $280 | $230.1 | -11.1% | Nov 5, 2024 |
| Rosenblatt Securities | Mike Genovese | $260 | $188.83 | -17.4% | May 7, 2024 |
| Needham | Alex Henderson | $220 | $197.14 | -30.1% | Mar 22, 2024 |
| Northland Securities | Tim Savageaux | $220 | $206.8 | -30.1% | Mar 21, 2024 |
| Lake Street | Troy Jensen | $130 | $117.8 | -58.7% | Aug 21, 2023 |
| Northland Securities | Analyst unavailable | $155 | $121.61 | -50.8% | Feb 7, 2023 |
| Needham | Analyst unavailable | $150 | $132.06 | -52.4% | Feb 7, 2023 |
| J.P. Morgan | Analyst unavailable | $156 | $127.61 | -50.5% | Dec 20, 2022 |
| Loop Capital Markets | Fahad Najam | $129 | $100.73 | -59.0% | Apr 28, 2022 |
| B.Riley Financial | Dave Kang | $100 | $101.47 | -68.2% | Feb 2, 2022 |
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Start freeCompany context
Snapshot as of publicationFabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances.…
Historical context
All FN earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the FN recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-20T00:03:20.673815+00:00
- Polygon adjusted daily market bars · 2026-10-26T01:00:42.743424+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T01:00:42.740629+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.