Fabrinet (NYSE:FN) Releases Q2 2027 Earnings Guidance

Fabrinet (NYSE:FN) updated its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.770-4.920 for the period, compared to the consensus earnings per share estimate of 4.390. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Ratings Changes

FN has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Fox Advisors raised shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 19th. B. Riley Financial cut their price target on shares of Fabrinet from $431.00 to $385.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Fabrinet from $465.00 to $470.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $548.88.

Fabrinet Price Performance

NYSE:FN opened at $341.37 on Thursday. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 24.97 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $399.10 and its two-hundred day moving average is $520.09. Fabrinet has a 12-month low of $305.63 and a 12-month high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.13. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fabrinet had a net margin of 9.35% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period last year, the company earned $2.92 EPS. Research analysts expect that Fabrinet will post 17.57 EPS for the current year.

Insider Activity

In related news, EVP Edward Archer sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the sale, the executive vice president owned 7,007 shares in the company, valued at approximately $2,704,071.37. This trade represents a 26.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fiscal Q1 2027 earnings beat expectations: Fabrinet reported $4.34 per share and $1.47 billion in revenue. Data-center revenue rose 78%, supported by demand for AI-related infrastructure. FN Q1 Earnings Beat Estimates, Data Center Demand Aids Revenues
• Positive Sentiment: Management’s Q2 outlook was well above consensus, with revenue guidance of $1.6 billion–$1.7 billion and EPS of $4.77–$4.92. The company is also starting Building 11, which is expected to add substantial capacity. Fabrinet anticipates Q2 revenue while starting Building 11
• Positive Sentiment: Barclays kept its “overweight” rating, while setting a lower—but still bullish—$496 price target. Barclays stock recommendations
• Neutral Sentiment: Fabrinet shares had surged following the earnings release, so some of the recent weakness may reflect profit-taking after the rally. Fabrinet advances on beat-and-raise results
• Negative Sentiment: Coverage has raised questions about margins, which may be tempering enthusiasm for the strong sales and outlook. Fabrinet stock jumps as Q1 earnings fuel margin questions
• Negative Sentiment: Barclays cut its price target from $739 to $496. Although it retained an “overweight” rating, the sizable reduction may weigh on sentiment. Barclays stock recommendations

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.