Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1875.0%
Neutral625.0%
Bearish00.0%
Fabrinet · FN · FY2026 Q4 · Calendar Q3 2026
Fabrinet posts record Q4 as data-center demand accelerates
Fabrinet’s record Q4 and accelerating data-center demand support the case for continued growth, but the next phase depends on converting demand into shipments while executing a large capacity expansion.
Reported After market closeNYSETechnology
$13.92B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.10
Consensus $3.81
EPS surprise
+7.6%
Reported versus consensus
Reported revenue
$1.32B
Consensus $1.28B
Revenue surprise
+3.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-19.4%
Event window
SPY move
-0.7%
Same window
Abnormal move
-18.7%
Stock minus SPY
Volume
4.0×
Versus trailing sessions
Subsequent drift
-18.6%
Up to 20 sessions
FNSPY benchmark
Ask FN2 about FN FY2026 Q4
Transcript, numbers and history already loaded
Why did FN fall 19.4% after beating EPS estimates in FY2026 Q4?What changed in FN's guidance and outlook in FY2026 Q4?Give me the bull and bear case for FN after FY2026 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current quarter extended the prior quarter’s growth narrative: revenue accelerated to a record $1.316 billion, data-center exposure increased in importance, and Thailand and Silicon Valley capacity additions advanced. Guidance remained confident, while supply constraints, tax uncertainty and capacity execution became more prominent risks.
Guidance delta
Management maintained a confident outlook, with FY27 Q1 revenue guidance of $1.375-$1.425 billion and EPS guidance of $4.10-$4.25.
Key takeaways
- Q4 revenue reached $1.316 billion, up 45% year over year and above guidance.
- Data-center revenue represented 51% of sales and grew 68% year over year.
- Capacity expansion in Thailand and Silicon Valley is intended to support a $12.5-$14 billion revenue run-rate.
- Management is advancing transceiver, DCI, HPC, NPO and CPO programs, including work with Raytec.
- The main watchpoints are component availability, execution on new capacity, and Thailand’s global minimum-tax regime.
Management priorities
- Complete Building 10 and bring the Navanakorn and Great America Place campuses online.
- Ramp transceiver, DCI and HPC programs through FY27.
- Expand NPO/CPO packaging and advanced photonics capabilities with Raytec.
- Scale manufacturing capacity to support the stated long-term run-rate.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$403.67Current
$100Low
$348.67Average
$800High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 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 |
|---|---|---|---|---|
| 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 |
| B. Riley Securities | Neutral | Neutral | Maintain | Feb 3, 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 $403.67. 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 | +83.1% | Aug 18, 2026 |
| Barclays | Tim Long | $702 | $717.8 | +73.9% | May 5, 2026 |
| Northland Securities | Analyst unavailable | $800 | $684.33 | +98.2% | Apr 20, 2026 |
| Wolfe Research | Analyst unavailable | $540 | $457.98 | +33.8% | Feb 4, 2026 |
| Barclays | Tim Long | $548 | $499.61 | +35.8% | Feb 3, 2026 |
| Susquehanna | Analyst unavailable | $570 | $488.36 | +41.2% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $537 | $489 | +33.0% | Jan 14, 2026 |
| Northland Securities | Analyst unavailable | $600 | $479.51 | +48.6% | Dec 22, 2025 |
| Barclays | Analyst unavailable | $499 | $459.6 | +23.6% | Nov 5, 2025 |
| Northland Securities | Analyst unavailable | $550 | $473.16 | +36.2% | Nov 4, 2025 |
| Barclays | Tim Long | $329 | $327.12 | -18.5% | Aug 19, 2025 |
| Barclays | George Wang | $234 | $220.9 | -42.0% | May 6, 2025 |
| Needham | Ryan Koontz | $280 | $230.1 | -30.6% | Nov 5, 2024 |
| Rosenblatt Securities | Mike Genovese | $260 | $188.83 | -35.6% | May 7, 2024 |
| Needham | Alex Henderson | $220 | $197.14 | -45.5% | Mar 22, 2024 |
| Northland Securities | Tim Savageaux | $220 | $206.8 | -45.5% | Mar 21, 2024 |
| Lake Street | Troy Jensen | $130 | $117.8 | -67.8% | Aug 21, 2023 |
| Northland Securities | Analyst unavailable | $155 | $121.61 | -61.6% | Feb 7, 2023 |
| Needham | Analyst unavailable | $150 | $132.06 | -62.8% | Feb 7, 2023 |
| J.P. Morgan | Analyst unavailable | $156 | $127.61 | -61.4% | Dec 20, 2022 |
| Loop Capital Markets | Fahad Najam | $129 | $100.73 | -68.0% | Apr 28, 2022 |
| B.Riley Financial | Dave Kang | $100 | $101.47 | -75.2% | 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.…
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| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-17T22:13:50.979630+00:00
- FN2 earnings calendar · 2026-09-21T01:23:13.071796+00:00
- Polygon adjusted daily market bars · 2026-09-21T14:00:52.670941+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T14:00:52.669002+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 . For educational purposes only; not investment advice.