What is the 13F Pro Quality Score for FN?

13F Pro ranks Fabrinet (FN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FN's current score at https://13fpro.ai/research/FN (free sign-up required for the full ranking).

Which hedge funds own the most FN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FN include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FN as soon as new 13F filings post.

Where does 13F Pro source FN data?

All Fabrinet fundamentals and ownership data come directly from SEC EDGAR. Fabrinet files with the SEC under CIK 1408710. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FN in?

Fabrinet (FN) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives FN's revenue?

Per Fabrinet's latest 10-Q filed with the SEC on 2026-05-05, the biggest revenue drivers are: Optical Communications ($2,468.2M, +27.8% YoY); Non-Optical Communications ($857.1M, +48.0% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/FN.

How often is FN research updated on 13F Pro?

FN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Fabrinet(FN)Stock Analysis

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13F Pro Quality Score

72.4/100

Rank #227 of 2,879 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

82.8/100

Profitability

66.3/100

Balance Sheet

92.9/100

Earnings Quality

71.0/100

Free Cash Flow

40.8/100

Institutional Flow

95.4/100

Revenue Scale

75.5/100

Dilution Risk

57.8/100

FN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Fabrinet (FN), a Technology sector company. 13F Pro's AI-powered ranking engine scores FN at 72.4/100 on a 32-signal composite quality model, placing it at rank #227 of 2,879 stocks — the top 10% of the AI-ranked universe. FN scores in the top quartile across institutional flow (95.4), balance sheet strength (92.9), revenue growth (82.8). Based on the latest XBRL financial filings (Q3 2026), Fabrinet reports quarterly revenue of $1.2B, net income of $125.2M, an operating margin of 9.9%. Top institutional holders of FN by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. FN trades on the NYSE exchange and files with the SEC under CIK 1408710. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Fabrinet directly from SEC EDGAR. Fabrinet's 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 72.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about Fabrinet

Quirks, history, and lore behind FN — the kind of stuff that makes a stock memorable.

1
The Basics
A technology manufacturing services company · mid-cap · listed on NYSE · with the bulk of its operations in Thailand.
2
The Numbers
Annual revenue in the neighborhood of $2–3 billion, with operating margins that make contract manufacturers envious — all earned by building highly complex optical and electronic components.
3
The History
Founded around 2000, it was spun out of a division of Foxconn and went public on the NYSE, carving out a niche that most EMS giants ignore: ultra-precision photonics manufacturing.
4
The Secret
It doesn't design a thing — it's a pure-play outsourced manufacturer, but for customers whose products demand tolerances measured in nanometers, which is why they keep coming back.
5
The Lore
Its biggest customers read like a who's who of fiber-optic networking — think the companies supplying the cables and transceivers that carry the world's internet traffic at the speed of light.
6
The Giveaway
When the world's hyperscalers went on a fiber-optic transceiver buying spree for AI data centers, orders flooded into this Bangkok-area precision manufacturer — the quiet giant behind the photons.

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What's Driving FN's Business? Latest 10-Q Breakdown

✓ 27/27 datapoints verified

AI-extracted from Fabrinet's 10-Q filed 2026-05-05 — Q3 FY2026 (nine months ended March 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Fabrinet posted $3.33B in nine-month revenue (+32.5% YoY), with net income of $333.8M (+36.1% YoY), driven by strong demand across optical communications and non-optical segments.

Biggest Revenue Drivers

Total revenue: $3,325.3M+32.5% YoY

Optical Communications$2,468.2M+27.8% YoY

Increase in revenues from telecommunication products and datacenter interconnect products, partially offset by decrease in data communication products.

Non-Optical Communications$857.1M+48.0% YoY

High demand for high-performance computing products.

Largest Expense Items

Cost of Revenues$2,926.8M+32.6% YoY

Increase in line with sales volume growth; material costs, employee costs, and infrastructure-related costs increased proportionally.

Selling, General and Administrative Expenses$69.8M+6.9% YoY

Increase primarily due to information technology related expenses ($1.8M), executive compensation ($1.2M), and share-based compensation ($0.7M).

Margins: Gross profit margin remained stable at 12.0% for both nine-month periods ended March 27, 2026 and March 28, 2025. Operating income margin improved to 9.9% from 9.4% YoY, primarily due to revenue growth and improved operational leverage despite higher SG&A expenses.

Watch Items from the Filing

Four customers represented 58.1% of nine-month revenues ended March 27, 2026 (vs. two customers at 47.5% in prior year). Customer concentration risk is high.
Optical communications revenue represents 74.2% of total revenue; significant dependence on single end market exposes company to cyclical downturns in optical communications sector.
Company began construction of new $132.5M manufacturing facility at Chonburi campus in February 2025 with capital commitments of $164.7M as of March 27, 2026, indicating major capacity expansion.
Entered into $32.4M equity investment in Raytek Semiconductor post-quarter-end (March 25, 2026) for 16.0% stake, accounted for at cost without equity method treatment.
Foreign exchange exposure to Thai baht (93.5% of liabilities in THB) with $253.0M in forward contracts outstanding; unrealized loss of $4.3M recorded for nine months ended March 27, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q3 2026

$1.2B

Net Income

Q3 2026

$125.2M

Free Cash Flow

Q3 2026

$-10.8M

Operating Margin

Q3 2026

9.9%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+18.6% YoY

$3.42BFY 2025

FY20 $1.64BFY23 $2.65BFY24 $2.88BFY25 $3.42B

Net Income

+12.3% YoY

$332.5MFY 2025

FY20 $113.5MFY23 $247.9MFY24 $296.2MFY25 $332.5M

Operating Income

+16.9% YoY

$324.4MFY 2025

FY20 $117.4MFY23 $251.7MFY24 $277.6MFY25 $324.4M

EPS (Diluted)

+13.2% YoY

$9.17FY 2025

FY20 $3.01FY23 $6.73FY24 $8.10FY25 $9.17

Total Assets

+21.1% YoY

$2.83BFY 2025

FY20 $1.38BFY23 $1.98BFY24 $2.34BFY25 $2.83B

Total Debt

—FY 2025

FY20 $51.7MFY23 $12.2MFY24 $0.00FY25 —

Op. Cash Flow

-20.5% YoY

$328.4MFY 2025

FY20 $150.7MFY23 $213.3MFY24 $413.1MFY25 $328.4M

Metric	FY 2025	FY 2024	FY 2023	FY 2020	FY 2019	FY 2017
Revenue	$3.42B +18.6%	$2.88B +9.0%	$2.65B +61.1%	$1.64B +3.6%	$1.58B +11.5%	$1.42B
Net Income	$332.5M +12.3%	$296.2M +19.5%	$247.9M +118.5%	$113.5M -6.2%	$121.0M +24.5%	$97.1M
Operating Income	$324.4M +16.9%	$277.6M +10.3%	$251.7M +114.4%	$117.4M -4.3%	$122.6M +15.9%	$105.8M
EPS (Diluted)	$9.17 +13.2%	$8.10 +20.4%	$6.73 +123.6%	$3.01 -6.8%	$3.23 +25.7%	$2.57
Total Assets	$2.83B +21.1%	$2.34B +18.1%	$1.98B +43.2%	$1.38B +10.1%	$1.26B +21.5%	$1.03B
Total Debt	—	$0.00 -100.0%	$12.2M -76.5%	$51.7M -15.2%	$60.9M +23.3%	$49.4M
Operating Cash Flow	$328.4M -20.5%	$413.1M +93.7%	$213.3M +41.6%	$150.7M +2.2%	$147.4M +107.8%	$70.9M

AI Insight: FN Financial Trends

Fabrinet delivered exceptional revenue acceleration, growing from $753M in Q2 2024 to $1,214M in Q1 2026, while maintaining debt-free balance sheet.

• Revenue surged 61% from $753M in Q2 2024 to $1,214M in Q1 2026, with acceleration from 30% growth in Q1 2025 to 39% in Q1 2026.

• Operating income expanded from $73M in Q2 2024 to $120M in Q1 2026, with operating margin improving from 9.7% to 9.9%.

• Equity strengthened consistently from $1,746M in Q2 2024 to $2,305M in Q1 2026 while maintaining zero debt across all periods.

⚠ Operating cash flow turned volatile, dropping from $116M in Q4 2024 to $46M in Q4 2025, then recovering to $53M in Q1 2026.

⚠ Cash flow remains well below revenue growth pace, with Q1 2026 operating cash flow at only 4.4% of revenue versus historical 10%+ levels.

AI Insight: FN Ratio Trends

Fabrinet shows solid profitability momentum with ROE expanding from 17.1% in Q1 2025 to 21.7% in Q1 2026.

• Operating margin improved from 9.0% in Q1 2025 to 9.9% in Q1 2026 despite some quarterly volatility.

• ROE accelerated meaningfully from 17.1% in Q1 2025 to 21.7% in Q1 2026, with ROIC rising to 20.8%.

• ROA strengthened from 12.4% in Q1 2025 to 14.3% in Q1 2026, indicating improved asset efficiency.

⚠ Operating margin remains below 10% threshold, showing only modest improvement over the past year.

⚠ Net profit margin has been volatile, ranging from 9.3% to 10.8% across recent quarters.

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Available Research

13F Pro tracks comprehensive data for Fabrinet including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FN

BlackRock, Inc.
$2.9B5,599,045 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.1B2,134,154 sh
FMR LLC
$1.1B2,119,302 sh
VANGUARD CAPITAL MANAGEMENT LLC
$838.1M1,606,981 sh
STATE STREET CORP
$678.0M1,300,008 sh
GEODE CAPITAL MANAGEMENT, LLC
$645.7M1,233,179 sh
Invesco Ltd.
$559.7M1,073,283 sh
WASATCH ADVISORS LP
$366.7M703,140 sh
Whale Rock Capital Management LLC
$318.8M611,266 sh
MORGAN STANLEY
$300.3M575,755 sh

Fund	Value	Shares
BlackRock, Inc.	$2.9B	5,599,045
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.1B	2,134,154
FMR LLC	$1.1B	2,119,302
VANGUARD CAPITAL MANAGEMENT LLC	$838.1M	1,606,981
STATE STREET CORP	$678.0M	1,300,008
GEODE CAPITAL MANAGEMENT, LLC	$645.7M	1,233,179
Invesco Ltd.	$559.7M	1,073,283
WASATCH ADVISORS LP	$366.7M	703,140
Whale Rock Capital Management LLC	$318.8M	611,266
MORGAN STANLEY	$300.3M	575,755

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Is FN a good stock to buy?

13F Pro's AI-powered analysis of Fabrinet (FN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FN are available on the FN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Fabrinet's investment landscape.