Fabrinet
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.73%.
Did FN Beat Earnings? Q4 2025 Results
Fabrinet closed out fiscal year 2025 on record footing, posting Q4 revenue of $909.69 million, a 20.8% year-over-year increase that cleared the $882.03 million consensus estimate by 3.14%, while non-GAAP EPS of $2.65 edged past the $2.64 analyst forecast by 0.38%. The results capped a full fiscal year of $3.42 billion in revenue, up 19% from $2.88 billion in FY2024, with demand from AI data center buildouts, including a new relationship with Amazon Web Services, serving as the primary engine behind the growth. <a href="https://247wallst.com/investing/2025/08/18/live-will-fabrinet-nyse-fn-soar-after-earnings-tonight/">Investors tracking the print</a> saw a complicated post-earnings picture, however, as management flagged near-term supply constraints on 1.6-terabit optical transceiver components tied to Nvidia's networking technology, sending shares lower despite forward guidance that itself exceeded expectations. For Q1 FY2026, Fabrinet guided revenue of $910 million to $950 million, with non-GAAP EPS of $2.75 to $2.90, signaling confidence that underlying demand trends remain firmly intact beyond the transient supply headwinds.
- Record quarterly revenue of $910 million exceeding guidance range
- Non-GAAP EPS reached all-time high of $2.65
- Growing demand across all areas of the business
- Record fiscal year 2025 revenue of $3.4 billion, up 19% year-over-year
“Our fourth quarter was exceptional, capping off a remarkable year with strong momentum. We achieved record quarterly revenue of $910 million, exceeding our guidance range. Through excellent execution, our non-GAAP EPS also reached a new all-time high. For all of fiscal year 2025, we achieved record revenue of $3.4 billion, an increase of 19% from the prior year. We're encouraged by the growing demand across all areas of our business and remain optimistic that these favorable trends will carry into the first quarter and beyond.”
Fabrinet CEO, on the earnings call
Forward Guidance & Outlook
For Q1 FY2026 (quarter ending September 26, 2025), Fabrinet expects revenue in the range of $910 million to $950 million. GAAP net income per diluted share is expected to be in the range of $2.48 to $2.63, and non-GAAP net income per diluted share is expected to be in the range of $2.75 to $2.90, based on approximately 36.1 million fully diluted shares outstanding. The company remains optimistic that favorable demand trends across all areas of its business will carry into the first quarter and beyond.
FN YoY Financials
Figures from SEC filings and company reports. Not investment advice.