AI-extracted from the 10-K filed 2026-08-18 — FY2026 (year ended June 26, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Fabrinet's revenue grew 35.7% YoY to $4.64B, driven by surging data center and communications infrastructure demand, while net income rose 42% to $473.0M despite a jump in effective tax rate to 14.8% from new Pillar Two top-up taxes.
Biggest Revenue Drivers
Data center$2,225.1M+40.8% YoY
Increase in key customers' demand for data center products
Communications infrastructure$1,546.4M+47.4% YoY
Increase in key customers' demand for communications infrastructure products
Biggest Revenue Drivers
Total revenue: $4.64B+35.7% YoY
Data center$2,225.1M+40.8% YoY
Increase in key customers' demand for data center products
Communications infrastructure$1,546.4M+47.4% YoY
Increase in key customers' demand for communications infrastructure products
Automotive, Industrial and Others$869.6M+10.1% YoY
Increase in key customers' demand for automotive, industrial and other products
Largest Expense Items
Cost of revenues$4,084.6M+35.9% YoY
Increase was in line with the increase in sales volume
Income tax expense$82.1Meffective rate 14.8% vs 6.4% prior year
Increase primarily due to top-up taxes recorded under the Pillar Two framework in fiscal year 2026
Selling, general and administrative expenses$93.5M+6.9% YoY
Increase in IT-related expenses, executive compensation, and R&D expenses
Margins: Gross margin was roughly flat at 12.0% of revenue (vs 12.1% prior year), while operating margin improved to 10.0% from 9.4% as revenue growth outpaced SG&A growth (+6.9% vs +35.7% revenue growth).
Watch Items from the Filing
Four customers each contributed 10%+ of revenue in FY2026: Cisco 19.9%, NVIDIA 16.3%, Nokia 10.7%, Amazon 10.5%, together 57.4% of revenue, up from 45.8% (two customers) a year earlier.
Effective tax rate more than doubled to 14.8% from 6.4%, including $57.4 million of current tax expense from newly enacted Pillar Two UTPR legislation.
PRC Supreme Court accepted for retrial a RMB 400 million unjust-enrichment claim against subsidiary Casix, Inc.; company cannot yet quantify potential liability given the early stage of litigation.
Capital expenditures more than doubled to $298.9 million from $130.7 million, funding new manufacturing buildings in Thailand and a planned California facility, with further increases expected in FY2027.
77.3% of revenue shipped to customers outside North America, with the substantial majority of manufacturing concentrated in Thailand, exposing results to Thai baht currency and political risk.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
12 transactions in FN reported by 5 members of Congress under the STOCK Act, most recent trade Jul 16, 2026. Reported transactions, not recommendations.
About Fabrinet (FN): stock profile, AI score and financials
Fabrinet (FN) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores FN at 62.4/100 on a composite quality score built from its SEC filings, placing it at rank #703 of 2,925 stocks — the top 25% of the AI-ranked universe. FN scores in the top quartile across balance sheet strength (91.9), revenue growth (86.1), revenue scale (76.7). Areas of concern include institutional flow (10.3) and free cash flow (27.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2026), Fabrinet reports quarterly revenue of $1.3B, net income of $139.3M, an operating margin of 10.2%. Top institutional holders of FN by reported 13-F value include BlackRock, PRICE T ROWE ASSOCIATES, VANGUARD PORTFOLIO MANAGEMENT, 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.