Northland Capmk Comments on Fabrinet’s Q2 Earnings (NYSE:FN)

Fabrinet (NYSE:FN) – Research analysts at Northland Capmk increased their Q2 2026 earnings per share (EPS) estimates for shares of Fabrinet in a research report issued to clients and investors on Tuesday, November 4th. Northland Capmk analyst T. Savageaux now forecasts that the technology company will post earnings of $3.09 per share for the quarter, up from their prior estimate of $2.76. The consensus estimate for Fabrinet’s current full-year earnings is $9.40 per share. Northland Capmk also issued estimates for Fabrinet’s Q3 2026 earnings at $3.13 EPS, Q4 2026 earnings at $3.42 EPS and FY2026 earnings at $12.32 EPS.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.09. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The firm had revenue of $978.13 million during the quarter, compared to analysts’ expectations of $935.04 million. During the same period in the previous year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS.

Other equities research analysts have also recently issued research reports about the company. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a report on Wednesday, October 8th. Rosenblatt Securities boosted their price target on Fabrinet from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC increased their price objective on Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, B. Riley boosted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $451.29.

Fabrinet Stock Performance

Shares of FN stock opened at $447.89 on Friday. Fabrinet has a 52 week low of $148.55 and a 52 week high of $498.00. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 46.13 and a beta of 1.05. The company has a 50-day simple moving average of $389.78 and a 200 day simple moving average of $312.87.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Private Trust Co. NA grew its position in Fabrinet by 44.3% during the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. World Investment Advisors acquired a new stake in shares of Fabrinet during the first quarter valued at about $202,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Fabrinet during the first quarter valued at about $292,000. Cerity Partners LLC grew its holdings in shares of Fabrinet by 151.9% during the first quarter. Cerity Partners LLC now owns 3,300 shares of the technology company’s stock worth $652,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Fabrinet in the first quarter valued at approximately $30,000. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the sale, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.