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Q3 26 EPS
$3.72
BEAT +4.42%
Est. $3.56
Q3 26 Revenue
$1.21B
BEAT +2.22%
Est. $1.19B
vs S&P Since Q3 26
-23.5%
TRAILING MARKET
FN -22.1% vs S&P +1.4%
Market Reaction
Did FN Beat Earnings? Q3 2026 Results
Fabrinet posted a strong fiscal third quarter, beating Wall Street expectations on both the top and bottom lines as surging demand for high-speed optical components tied to AI data center buildouts powered results well ahead of consensus. The contrac… Read more Fabrinet posted a strong fiscal third quarter, beating Wall Street expectations on both the top and bottom lines as surging demand for high-speed optical components tied to AI data center buildouts powered results well ahead of consensus. The contract manufacturer reported non-GAAP diluted EPS of $3.72, beating the $3.56 consensus estimate by 4.42%, while revenue reached $1.21 billion, ahead of the $1.19 billion estimate by 2.22% and up 39.3% from the year-ago quarter, with CEO Seamus Grady pointing to "numerous ongoing and ramping programs" as key growth drivers. The quarter marks the fourth consecutive period in which Fabrinet has beaten consensus EPS estimates, underscoring the consistency of its execution. Margins improved modestly year over year, with non-GAAP operating margin expanding to 10.7% from 10.2%. Free cash flow turned negative as capital expenditures nearly doubled to $63.76 million, reflecting capacity investments to meet accelerating customer demand. Looking ahead, management guided Q4 revenue of $1.25 billion to $1.29 billion and non-GAAP EPS of $3.72 to $3.87, signaling continued momentum, particularly from new datacom customer agreements.
Key Takeaways
- • Numerous ongoing and ramping programs providing meaningful tailwinds
- • Strong growth in the datacom market
- • New customer agreements strengthening growth trajectory
FN Forward Guidance & Outlook
For Q4 FY2026 (quarter ending June 26, 2026), Fabrinet expects revenue of $1.25 billion to $1.29 billion. GAAP net income per diluted share is expected to be $3.48 to $3.63, and non-GAAP net income per diluted share is expected to be $3.72 to $3.87, based on approximately 36.3 million fully diluted shares outstanding. Management expects new customer agreements, particularly in the datacom market, to further strengthen the growth trajectory.
FN YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“Our third quarter was exceptionally strong, delivering record financial results that exceeded our guidance ranges. Growth was supported by numerous ongoing and ramping programs that continue to provide meaningful tailwinds. We expect several new customer agreements, particularly in the datacom market, to further strengthen our growth trajectory as we move into the fourth quarter and beyond.”
— Seamus Grady, Q3 2026 Earnings Press Release
FN Earnings Trends
FN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FN EPS Trend
Earnings per share: estimate vs actual
FN Revenue Trend
Quarterly revenue: estimate vs actual
FN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $3.56 | $3.72 | +4.42% | $1.21B | +2.22% |
| Q2 26 BEAT | $3.25 | $3.36 | +3.38% | $1.13B | +5.15% |
| Q1 26 BEAT | $2.82 | $2.92 | +3.59% | $978.1M | +4.61% |
| Q4 25 BEAT FY | $2.63 | $2.65 | +0.78% | $909.7M | +3.14% |
| FY Full Year | $10.12 | $10.17 | +0.51% | $3.42B | +0.82% |
| Q3 25 BEAT | $2.47 | $2.52 | +1.91% | $871.8M | +1.73% |