Earnings Releases·Nov 2, 2026, 4:30 PM ET

Fabrinet — First Quarter Fiscal Year 2027 Earnings Summary

Revenue surged 51% year-over-year to $1,474.5 million, while GAAP net income rose to $103.5 million and Non-GAAP net income jumped to $157.4 million, with Non-GAAP EPS reaching $4.34 versus $2.92 in the prior year.
The Board authorized an additional $103.0 million share repurchase program, bringing total authorization to $637.3 million, though the company repurchased only $29.1 million during the quarter.
Second quarter FY2027 revenue guidance is set at $1.6 billion to $1.65 billion, with Non-GAAP EPS expected between $4.77 and $4.92, reflecting management's confidence in exceptional momentum.
Significant balance sheet shifts included a rise in capital expenditures to $158.7 million and a Non-GAAP free cash flow outflow of $(137.4) million, driven by increased inventory and receivables.