Fabrinet Q1 2027: Revenue Up 51% as AI Optics Demand Accelerates
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Data center interconnect demand pushed revenue up 51% year over year, topping Fabrinet's own guidance range on both lines. Management guided December-quarter revenue to $1.6 billion to $1.65 billion, so the AI optics ramp is still accelerating.
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Fabrinet's fiscal first-quarter revenue of $1.47 billion beat expectations and exceeded the company's own guidance, with management citing broad demand across major customer programs and new product ramps.
Data center interconnect tied to AI infrastructure drove revenue 51% above the year-ago level, extending the company's streak of consensus EPS beats to six consecutive quarters.
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GAAP results lagged: an equity securities loss and a Pillar Two global minimum tax charge pulled GAAP diluted EPS to $2.86, while capital expenditures pushed free cash flow negative as Fabrinet builds capacity.
Management guided December-quarter revenue to $1.60 billion to $1.65 billion, with CEO Seamus Grady citing "exceptional momentum" and the board expanding the share repurchase authorization.
Mentioned: FN