Short answer
Fabrinet (FN) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 26, 2025. Quarterly revenue was $978M (up 21.6% year over year) with net income of $96M.
Q3 2025 key financials · XBRL
- Revenue
- $978M
- +21.6% YoY
- Net income
- $96M
- +23.9% YoY
- Operating margin
- 9.6%
- Gross margin
- 11.9%
- EPS (diluted)
- $2.66
- +24.9% YoY
Source: XBRL data from the Fabrinet (FN) Q3 2025 10-Q on SEC EDGAR. USD.
Fabrinet Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $978.1M, up 21.6% YoY from $804.2M
- Gross margin 11.9% vs 12.3% YoY; operating margin 9.6% vs 9.6%
- Best segment non-optical communications, up 30.0% to $231.2M
- Datacom revenue $273.1M vs $328.9M, the weakest product trend
- Outlook: FY2026 SG&A expected higher; Thailand and PRC wage increases a margin headwind
Risk Factors
- Customer concentration: three customers represented 51.5% of revenue in the quarter, increasing exposure to order reductions and payment defaults
- Optical communications concentration: products comprised 76.4% of revenue, leaving near-term results sensitive to market overcapacity and slower network spending
- Capacity expansion risk: construction of a new Chonburi manufacturing building began in February 2025, creating excess-capacity exposure if demand weakens
- Supply-chain risk: semiconductor wafer lead times can reach 30 weeks, threatening production schedules and customer shipments
- Currency risk: foreign-exchange volatility and governmental currency-policy changes could increase operating costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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