Optical packaging provider Fabrinet's Q2 revenue beats estimates

Fabrinet

02/02/2026 21:24

Overview

Optical packaging provider's fiscal Q2 revenue rose, beating analyst expectations

Adjusted EPS for fiscal Q2 beat analyst expectations

Company expects strong Q3 revenue and EPS, reflecting continued business drivers

Outlook

Fabrinet expects third quarter revenue between $1.15 bln and $1.20 bln

Company anticipates GAAP EPS of $3.22 to $3.37 for third quarter

Fabrinet forecasts non-GAAP EPS of $3.45 to $3.60 for third quarter

Result Drivers

STRATEGIC PROGRAMS - Multiple large strategic programs contributed to record revenue and earnings

OPERATING LEVERAGE - Strong operating leverage led to record earnings per share, exceeding guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.13 bln
$1.08 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$3.36
$3.25 (8 Analysts)
Q2 EPS
$3.11
Q2 Adjusted Net Income
Beat
$121.60 mln
$117.59 mln (6 Analysts)
Q2 Net Income
$112.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Fabrinet is $545.00, about 11.4% above its January 30 closing price of $489.44

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nGNX5txhGg

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)