Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1875.0%
Neutral625.0%
Bearish00.0%
Fabrinet · FN · FY2025 Q3 · Calendar Q2 2025
Fabrinet: Telecom Strength Offsets Datacom Transition in FY2025 Q3
Fabrinet's quarter supports a constructive operating trajectory: telecom growth, 400ZR demand, the AWS partnership and planned capacity expansion offset near-term datacom-transition and margin risks. The thesis remains dependent on execution of the 1.6T ramp.
Reported Before market openNYSETechnology
$13.03B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.56
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $857.7M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.2%
Event window
SPY move
-0.6%
Same window
Abnormal move
+1.8%
Stock minus SPY
Volume
1.0×
Versus trailing sessions
Subsequent drift
+8.6%
Up to 20 sessions
FNSPY benchmark
Ask FN2 about FN FY2025 Q3
Transcript, numbers and history already loaded
What drove FN's +1.2% move after FY2025 Q3 earnings?What changed in FN's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FN after FY2025 Q3 earnings.
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Transcript intelligence
What changed
Telecom strength continued and reached a record level, while datacom declined during a product transition. Fabrinet added a multi-year AWS advanced-manufacturing partnership, kept its outlook, and highlighted Building 10 and the 1.6T ramp as capacity and growth priorities.
Guidance delta
Management maintained its outlook and provided Q4 FY2025 guidance of $860–$900 million in revenue and $2.55–$2.70 in EPS.
Key takeaways
- Telecom revenue reached a record $406 million, while telecom growth and 400ZR demand drove the quarter.
- Datacom revenue declined during a product transition; management expects a larger 1.6T ramp later in FY2026.
- A multi-year AWS advanced-manufacturing partnership adds a new growth avenue, while Building 10 expands capacity.
- Short-term risks include startup costs, FX, tariffs, inventory-transition risk and uncertainty around the 1.6T ramp.
Management priorities
- Ramp 1.6T transceivers in FY2026
- Expand telecom through new wins and ZR product lines
- Advance the AWS manufacturing partnership
- Complete Building 10 capacity expansion
- Develop automotive and industrial laser offerings
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Try FN2 freeEarnings History
Estimate
Beat
Miss
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Analyst 52W Price Targets
$363.51Current
$100Low
$348.67Average
$800High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 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 |
|---|---|---|---|---|
| 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 |
| Susquehanna | Positive | Positive | Maintain | Jan 22, 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 $363.51. 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 | +103.3% | Aug 18, 2026 |
| Barclays | Tim Long | $702 | $717.8 | +93.1% | May 5, 2026 |
| Northland Securities | Analyst unavailable | $800 | $684.33 | +120.1% | Apr 20, 2026 |
| Wolfe Research | Analyst unavailable | $540 | $457.98 | +48.6% | Feb 4, 2026 |
| Barclays | Tim Long | $548 | $499.61 | +50.8% | Feb 3, 2026 |
| Susquehanna | Analyst unavailable | $570 | $488.36 | +56.8% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $537 | $489 | +47.7% | Jan 14, 2026 |
| Northland Securities | Analyst unavailable | $600 | $479.51 | +65.1% | Dec 22, 2025 |
| Barclays | Analyst unavailable | $499 | $459.6 | +37.3% | Nov 5, 2025 |
| Northland Securities | Analyst unavailable | $550 | $473.16 | +51.3% | Nov 4, 2025 |
| Barclays | Tim Long | $329 | $327.12 | -9.5% | Aug 19, 2025 |
| Barclays | George Wang | $234 | $220.9 | -35.6% | May 6, 2025 |
| Needham | Ryan Koontz | $280 | $230.1 | -23.0% | Nov 5, 2024 |
| Rosenblatt Securities | Mike Genovese | $260 | $188.83 | -28.5% | May 7, 2024 |
| Needham | Alex Henderson | $220 | $197.14 | -39.5% | Mar 22, 2024 |
| Northland Securities | Tim Savageaux | $220 | $206.8 | -39.5% | Mar 21, 2024 |
| Lake Street | Troy Jensen | $130 | $117.8 | -64.2% | Aug 21, 2023 |
| Northland Securities | Analyst unavailable | $155 | $121.61 | -57.4% | Feb 7, 2023 |
| Needham | Analyst unavailable | $150 | $132.06 | -58.7% | Feb 7, 2023 |
| J.P. Morgan | Analyst unavailable | $156 | $127.61 | -57.1% | Dec 20, 2022 |
| Loop Capital Markets | Fahad Najam | $129 | $100.73 | -64.5% | Apr 28, 2022 |
| B.Riley Financial | Dave Kang | $100 | $101.47 | -72.5% | 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 |
|---|---|---|---|---|
| WIT Wipro Limited | FY2027 Q2 · Calendar Q4 2026 | -25.0% | +3.9% | Wipro: AI pipeline expands as Q3 guidance stays narrow |
| TSM Taiwan Semiconductor Manufacturing Company Limited | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -1.8% | TSMC beats Q3 guidance as AI demand drives fab expansion |
| ERIC Telefonaktiebolaget LM Ericsson (publ) | FY2026 Q3 · Calendar Q4 2026 | +28.6% | +11.8% | Ericsson Q3: 7% organic growth, resilient margins and AI-led demand |
| ASML ASML Holding N.V. | FY2026 Q3 · Calendar Q4 2026 | +20.4% | -3.9% | ASML: Record Q3, strong AI demand and broader capacity plans |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-21T00:03:31.337707+00:00
- Polygon adjusted daily market bars · 2026-10-18T00:10:41.987156+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T00:10:41.984312+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 2026-10-18. For educational purposes only; not investment advice.