📡 Research Board — Created by GWY

Daily & weekly automated equity research — semis / AI / tech

SG --:--:-- NY (ET) --:--:-- 📅 -- 👥 — lifetime · — today Dark Mode

📊 View earnings presentation

📄 Source: Fabrinet Q3 FY2026 press release

⚡ Q/Q Change Highlights

Revenue $1.214B, +39% YoY / +7% QoQ (Q4 FY26: $1.316B, +45% YoY) — acceleration into Q4
Non-GAAP EPS $3.72 (beat $3.53 est; Q4 FY26: $4.10) — record profitability
Q4 FY26 guide $1.25–1.29B (+40% YoY mid) — delivered $1.316B (+45%)
9-month FY26 revenue $3.325B (+32.5%); full FY26 came to $4.6B (+36%)
Datacom/telecom (optical) demand driven by AI data center build-out + 800G/1.6T transitions; supply-constrained
Q4 FY26 (next print): FY26 full-year revenue $4.6B (+36%), non-GAAP EPS $14.09 (+39%)

🎙️ FN — May 04, 2026

📄 Original Transcript

Fabrinet (FN) Q3 FY2026 Earnings Call — May 4, 2026

Source: Fabrinet Q3 FY2026 press release (May 4, 2026) + Yahoo Finance/Quartr transcript.

Garo Toomajanian (VP IR): Good afternoon, everyone. Thank you for joining us on today's conference call to discuss Fabrinet's financial and operating results for the third quarter of fiscal year 2026, which ended March 27, 2026. With me on the call today are Seamus Grady, Chairman and Chief Executive Officer, and Csaba Sverha, Chief Financial Officer.

Seamus Grady (CEO): Fabrinet delivered record Q3 FY26 results, with revenue of $1.214 billion, up 39% year over year and 7% sequentially, and non-GAAP EPS of $3.72, both exceeding guidance. Demand remains exceptionally strong across our datacom and telecom programs, and we continue to operate in a supply-constrained environment.

Our optical communications business continues to be the primary growth driver, benefiting from the AI data center build-out and the transition to higher-speed optical modules. We are executing well on new program ramps and expanding capacity to meet demand, and we expect continued strong growth into fiscal 2027.

Csaba Sverha (CFO): Third quarter revenue was $1.214 billion, up 39% year over year and 7% sequentially. Gross profit was $144.3 million. GAAP diluted EPS was $3.53, and non-GAAP EPS was $3.72, exceeding guidance and consensus.

For the fourth quarter of fiscal 2026, we expect revenue in the range of $1.25 billion to $1.29 billion, which at the midpoint represents approximately 40% year-over-year growth.

Q&A Highlights (condensed)

Q: Demand sustainability? A: Demand is exceptionally strong and broad-based across datacom and telecom; new program ramps plus ongoing supply constraints support continued strong growth into FY27.
Q: Supply constraints? A: The environment remains supply-constrained; the company is managing capacity expansion to convert strong demand into revenue.
Q: Growth drivers? A: AI data center build-out, higher-speed optical module transitions (800G/1.6T), and new customer program ramps; communications (datacom/telecom) is the core growth engine.
Q: FY27 outlook? A: Management expects continued strong growth into fiscal 2027, supported by new datacom and telecom program ramps.

📝 Summary

FN (Fabrinet) — Q3 FY2026 (May 4, 2026). Record quarter; revenue +39% YoY, EPS beat; Q4 guide +40% YoY; supply-constrained with strong FY27 visibility.

Results

Revenue $1.214B (+39% YoY, +7% QoQ), above guidance — record
Gross profit $144.3M; GAAP EPS $3.53; non-GAAP EPS $3.72 (beat)
Communications/optical (datacom + telecom) the primary growth driver; AI data center demand + new program ramps
Supply-constrained environment persists; capacity expansion underway

Guidance

Q4 FY26: revenue $1.25–1.29B (~+40% YoY at mid)
FY27: continued strong growth expected — new datacom and telecom program ramps

Capex

Capacity expansion to convert strong demand into revenue (see IR for capex detail); supply (not demand) is the constraint

Key Q&A

Q: Demand sustainability?
A: Exceptionally strong and broad-based; new program ramps support strong FY27 growth
Q: Supply constraints?
A: Still supply-constrained; managing capacity expansion
Q: Growth drivers?
A: AI data center build-out, 800G/1.6T transitions, new customer programs
Q: FY27?
A: Continued strong growth expected

Notes

Q3 FY26 = record revenue (+39% YoY) and EPS beat — the AI optical build-out inflection, supply-constrained with strong visibility
800G/1.6T transitions + new program ramps are the growth drivers; datacom/telecom is the core engine
Q4 FY26 (next print, Aug 18) delivered $1.316B (+45%) with FY26 full-year revenue $4.6B (+36%) and non-GAAP EPS $14.09 (+39%) — consistent with the acceleration framed here; stock pulled back post-print on valuation (-19.4% after hours)