FN trades at 43.6X forward earnings after a 49.7% YTD surge, as competition, forex and auto softness cap near-term upside.
Fabrinet's optical-communications revenues hit $833M in second-quarter fiscal 2026, lifting total sales to a record $1.13B as telecom and DCI demand surge.
Fabrinet (NYSE:FN) has risen 250.64% over the past year, climbing from $174.02 to $610.18.
Fabrinet Fabrinet (NYSE: FN) has been a standout in the AI infrastructure trade, but after a 224.12% one-year run to a current price of $554.35, our model implies -20.46% downside from current levels.
Fabrinet delivered record Q2 2026 results, with revenue up 36% YoY to $1.13B and non-GAAP EPS up 29% to $3.36. FN's robust growth is supported by capacity expansion, strong demand in Telecom and HPC, and a solid balance sheet with zero net debt. Despite operational momentum, FN trades at 44x FY26E EPS — more than double the sector median — raising concerns about valuation-driven downside risk.
FN's HPC revenues surge 473% sequentially in Q2 FY26, driven by AI infrastructure demand, with further growth expected as production ramps.
Analog Century Management LP reduced its stake in Fabrinet (NYSE: FN) by 13.3% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,931 shares of the technology company's stock after selling 42,883 shares during the quarter. Fabrinet comprises 5.5%
FN gains 9% in three months as optical and AI-driven HPC demand power record revenue and growth momentum.
Fabrinet's optical communications revenues jump 29% to $833M in Q2 FY26, driven by telecom and data center demand, lifting total revenues to a record $1.13B.
Fabrinet (FN) reported earnings 30 days ago. What's next for the stock?
Fabrinet stock has surged 24.9% in a month as HPC revenues scale, telecom/DCI demand accelerates and next-gen 800ZR nears production, boosting growth outlook.
FN's 800ZR ramp, rising HPC revenues, and upbeat Q3 outlook set the stage for sequential growth as DCI demand and hyperscaler builds gain momentum.