Fabrinet FN
We provide advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers ("OEMs") of complex products such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices and sensors. We offer a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. We are capable of producing a wide variety of high complexity products in any mix and any volume. Based on our extensive experience and the positive feedback we have received from our customers, we believe we are a global leader in providing these services to the optical communications, automotive, and industrial lasers markets.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.64B | $3.42B | $2.88B | $2.65B | $2.26B | $1.88B | $1.64B | $1.58B | $1.37B | $1.42B |
| Cost of revenue | $4.08B | $3.01B | $2.53B | $2.31B | $1.98B | $1.66B | $1.46B | $1.41B | $1.22B | $1.25B |
| Gross profit | $556.5M | $413.3M | $356.1M | $336.3M | $278.6M | $221.4M | $186.1M | $179.2M | $153.4M | $171.5M |
| SG&A | $93.5M | $87.5M | $78.5M | $77.7M | $73.9M | $70.6M | $68.4M | $55.1M | $57.8M | $65.6M |
| Operating income | $462.9M | $324.4M | $277.6M | $251.7M | $204.5M | $150.8M | $117.4M | $122.6M | $93.8M | $105.8M |
| Interest expense | $84.0K | $0 | $124.0K | $1.5M | $432.0K | $1.1M | $3.0M | $5.4M | $3.6M | $3.3M |
| Pre-tax income | $555.1M | $355.2M | $311.4M | $260.1M | $207.0M | $150.5M | $119.2M | $126.2M | $88.0M | $103.9M |
| Income tax | $82.1M | $22.7M | $15.2M | $12.2M | $6.6M | $2.1M | $5.8M | $5.3M | $3.9M | $6.7M |
| Net income | $473.0M | $332.5M | $296.2M | $247.9M | $200.4M | $148.3M | $113.5M | $121.0M | $84.2M | $97.1M |
| EPS, basic | 13.21 | 9.23 | 8.17 | 6.79 | 5.43 | 4.02 | 3.07 | 3.29 | 2.26 | 2.63 |
| EPS, diluted | 13.05 | 9.17 | 8.10 | 6.73 | 5.36 | 3.95 | 3.01 | 3.23 | 2.21 | 2.57 |
| Shares, diluted (wtd. avg.) | 36.3M | 36.3M | 36.6M | 36.9M | 37.4M | 37.6M | 37.7M | 37.4M | 38.0M | 37.9M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $346.7M | $306.4M | $410.0M | $231.4M | $198.4M | $303.1M | $232.8M | $188.2M | $161.4M | $137.1M |
| Short-term investments | $528.3M | $627.8M | $448.6M | $319.1M | $280.2M | $245.0M | $262.7M | $256.5M | $174.3M | $151.4M |
| Receivables | $1.02B | $758.9M | $592.5M | $531.8M | $452.7M | $336.5M | $272.7M | $260.6M | $246.9M | $264.3M |
| Inventory | $1.02B | $581.0M | $463.2M | $519.6M | $557.1M | $422.1M | $309.8M | $293.6M | $257.7M | $238.7M |
| Total current assets | $3.16B | $2.43B | $2.01B | $1.65B | $1.53B | $1.35B | $1.14B | $1.02B | $854.3M | $798.8M |
| Property, plant and equipment | $615.1M | $380.6M | $307.2M | $310.4M | $292.3M | $241.1M | $228.3M | $210.7M | $219.6M | $216.9M |
| Goodwill | — | — | — | — | — | — | — | $3.7M | $3.8M | $3.8M |
| Other intangibles | $2.5M | $2.2M | $2.3M | $2.4M | $3.5M | $4.4M | $4.3M | $3.9M | $4.9M | $5.8M |
| Total assets | $3.91B | $2.83B | $2.34B | $1.98B | $1.84B | $1.62B | $1.38B | $1.26B | $1.09B | $1.03B |
| Short-term debt | — | — | $0 | $12.2M | $12.2M | $12.2M | $12.2M | $3.2M | $3.2M | $48.4M |
| Total current liabilities | $1.40B | $809.8M | $557.9M | $481.9M | $538.5M | $444.4M | $334.4M | $313.0M | $270.1M | $311.3M |
| Long-term debt | — | — | — | $0 | $15.2M | $27.4M | $39.5M | $57.7M | — | — |
| Total liabilities | $1.46B | $849.6M | $592.8M | $511.0M | $582.0M | $503.6M | $407.6M | $392.2M | $347.1M | $351.5M |
| Retained earnings | $2.57B | $2.09B | $1.76B | $1.46B | $1.22B | $1.02B | $868.1M | $754.6M | $632.4M | $548.3M |
| Total equity | $2.45B | $1.98B | $1.75B | $1.47B | $1.25B | $1.11B | $974.4M | $863.1M | $740.9M | $681.6M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $256.7M | $328.4M | $413.1M | $213.3M | $124.2M | $122.2M | $150.7M | $147.4M | $138.1M | $70.9M |
| Depreciation and amortisation | $67.5M | $52.5M | $48.2M | $42.5M | $37.2M | $34.7M | $29.7M | $28.7M | $27.4M | $22.5M |
| Stock-based compensation | $34.6M | $33.0M | $28.4M | $28.1M | $28.0M | $25.5M | $22.2M | $17.2M | $22.6M | $26.5M |
| Capital expenditure | $252.5M | $121.1M | $47.5M | $61.4M | $89.6M | $46.1M | $42.3M | $18.7M | $33.8M | $68.3M |
| Investing cash flow | -$183.6M | -$286.3M | -$169.8M | -$98.7M | -$135.5M | -$8.9M | -$71.2M | -$98.1M | -$58.6M | -$90.6M |
| Financing cash flow | -$30.7M | -$147.0M | -$64.9M | -$81.0M | -$92.9M | -$42.8M | -$35.3M | -$23.2M | -$54.1M | $13.4M |
| Buybacks | $5.2M | $125.7M | $39.5M | $47.6M | $59.9M | $18.8M | $20.7M | $5.4M | $42.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001408710-26-000028.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | $1.37B | $1.58B | $1.64B | $1.88B | $2.26B | $2.65B | $2.88B | $3.42B | $4.64B |
| Gross profit | $171.5M | $153.4M | $179.2M | $186.1M | $221.4M | $278.6M | $336.3M | $356.1M | $413.3M | $556.5M |
| Net income | $97.1M | $84.2M | $121.0M | $113.5M | $148.3M | $200.4M | $247.9M | $296.2M | $332.5M | $473.0M |
Recent filings and events
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Annual report filed Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3661
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|---|---|---|---|---|
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| CLFD | Clearfield, Inc. | $376.3M | — | 19.6% |
| FIEE | FiEE, Inc. | $26.9M | 31.5x | 867.9% |
| FKWL | FRANKLIN WIRELESS CORP | $25.9M | — | 49.6% |
| CLRO | CLEARONE INC | $8.7M | — | — |
| SONM | DNA X, Inc. | $4.6M | — | — |
| AUDC | AUDIOCODES LTD | — | — | 1.4% |