Fabrinet(NYSE) FN

Fabrinet makes complex parts for high-tech companies. It builds optical and electronic components for fiber optic networks and lasers. These parts help move data around the world quickly.

Inside the High-Tech Factory

• Data Center: Includes optical components for high-performance computing and data center interconnects; accounted for 47.9% of revenues in fiscal year 2026.
• Communications Infrastructure: Covers telecommunications and networking products for voice and video traffic; represented 33.3% of revenues in fiscal year 2026.
• Automotive and Industrial: Features laser systems for medical use and sensors for cars; comprised 18.8% of revenues in fiscal year 2026.
• Customized Optics: Designs specific lenses, crystals, and glass components used in larger manufacturing projects or sold separately.

Expanding Global Capacity

• Established new product introduction centers in Silicon Valley and Israel to help customers transfer designs to volume manufacturing.
• Began construction of a 2 million square foot manufacturing facility at the Chonburi campus in February 2025.
• Purchased a new manufacturing building in California during fiscal year 2026 to expand development and support capacity.
• Updated revenue reporting categories in fiscal year 2026 to focus on data center and infrastructure markets.

What Makes the Business Unique?

The company uses a factory-within-a-factory model to protect customer intellectual property by physically segregating manufacturing space. It maintains vertically integrated glass and crystal fabrication to lower material costs and speed up delivery times.

The Multi-Billion Dollar Scorecard

• Revenues reached $4.64 billion in fiscal year 2026, up 35.7% year over year.
• Operating income grew 42.7% to $462.9 million in fiscal year 2026.
• Net income rose to $473.0 million in fiscal year 2026 from $332.5 million in fiscal year 2025.
• Capital expenditures were $298.9 million in fiscal year 2026 to support the expansion of manufacturing facilities.
• The company recognized a $57.4 million tax expense related to the global minimum tax framework in fiscal year 2026.

Bottom Line

Fabrinet has evolved from a specialized optics manufacturer into a diverse technology partner for the data center and automotive sectors. Its focus on complex assembly and low-cost production has fueled significant revenue growth through fiscal year 2026.