Key Highlights

  • Fabrinet (NYSE:FN) reports fiscal first quarter 2027 results after the close on November 2, 2026; published consensus is non-GAAP EPS of USD 4.19 on Revenue near USD 1.4 billion.
  • Fourth quarter revenue was a record USD 1,315.8 million, about USD 1.3 billion, up 45 percent from USD 909.7 million, with non-GAAP EPS of USD 4.10 reported on August 17, 2026.
  • Company guidance for the quarter ending September 25, 2026 calls for revenue of USD 1.375 billion to USD 1.425 billion and non-GAAP EPS of USD 4.10 to USD 4.25.
  • Non-GAAP gross Margin was 12.2 percent in the fourth quarter, down from 12.5 percent a year earlier, so faster revenue growth has not lifted the percentage margin.

What Fabrinet Reports and the Numbers to Beat

Fabrinet (NYSE:FN) is scheduled to publish fiscal first quarter results after the market close on November 2, 2026. Published estimates sit at non-GAAP EPS of USD 4.19, against company guidance of USD 4.10 to USD 4.25, so consensus lands just above the guidance midpoint of USD 4.175. Revenue consensus of about USD 1.4 billion sits at the midpoint of the guided range. In the fourth quarter the company earned non-GAAP EPS of USD 4.10 and GAAP EPS of USD 3.83. Fiscal 2026 revenue reached USD 4.64 billion, up 36 percent from USD 3.42 billion, and the company ended June with USD 346.7 million of cash and USD 528.3 million of short-term investments.

How a Contract Manufacturer Earns Its Margin

Fabrinet builds optical communication components, automotive parts, medical devices and industrial lasers and sensors for customers, according to the company description. A contract model typically produces thin percentage margins on large volumes: revenue can climb quickly while gross margin stays near 12 percent, so profit growth depends on Volume and cost control rather than price. The guidance midpoint of USD 1.4 billion is about 6.4 percent above fourth quarter revenue of USD 1,315.8 million, simple arithmetic on two published numbers. A 12.2 percent gross margin on USD 1.4 billion would imply roughly USD 171 million of gross profit, illustrative arithmetic.

Risks, Peers, and Dates to Watch

The company lists reliance on a small number of customers and suppliers as a risk, which means one program delay can swing revenue. The sector backdrop is also fragile: the Philadelphia Semiconductor index fell about 7.2 percent on October 30, 2026, while the S&P 500 lost 1.8 percent to 7,580.07 and the Nasdaq Composite dropped 2.9 percent to 25,437.00, according to published market data. A published report put Fabrinet shares down 10.6 percent after the August results despite a beat. Coherent (NYSE:COHR) is scheduled to report on November 4. Lumentum (NASDAQ:LITE) follows on November 5.

Where Things Stand

The AI optics maker is Fabrinet (NYSE:FN), and it reports after the close on November 2 with a bar set by USD 1.375 billion to USD 1.425 billion of revenue guidance and consensus EPS of USD 4.19. Growth of 45 percent in the fourth quarter is the strongest fact in its favor. A 12.2 percent gross margin, customer concentration and a sector that fell sharply on October 30 are the counterweights, and the August reaction shows a beat can still be sold. The next read-through arrives with Coherent on November 4.