Short answer
Fabrinet (FN) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 27, 2026. Quarterly revenue was $1.2B (up 39.3% year over year) with net income of $125M.
Q1 2026 key financials · XBRL
- Revenue
- $1.2B
- +39.3% YoY · +7.2% QoQ
- Net income
- $125M
- +54.0% YoY · +11.2% QoQ
- Operating margin
- 9.9%
- Gross margin
- 11.9%
- EPS (diluted)
- $3.45
- +54.0% YoY · +10.9% QoQ
Source: XBRL data from the Fabrinet (FN) Q1 2026 10-Q on SEC EDGAR. USD.
Fabrinet Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $1,214.3M, up 39.3% YoY from $871.8M
- Operating margin 9.9% vs 9.0% YoY; net margin 10.3% vs 9.3%
- Best product line Telecom $431.4M vs $302.7M; worst Automotive $115.5M vs $129.5M
- Raytek investment approximately $32.4M for a 16.0% equity interest
- Outlook: outside-North-America revenue share expected at 52.3%; wage and SG&A costs rising
Risk Factors
- Customer concentration: three customers represented 49.5% of quarterly revenue, increasing exposure to order reductions and payment defaults
- Optical communications dependence: products represented 73.2% of revenue, leaving near-term performance sensitive to market overcapacity and network demand
- Supply-chain disruption: semiconductor wafer lead times can reach 30 weeks, threatening production schedules and shipments
- Manufacturing expansion risk: new Chonburi building construction began February 2025, creating excess-capacity exposure if demand weakens
- Product-liability exposure: warranties extend one to five years, while recall costs lack insurance coverage
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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