Q3 EPS Estimates for Fabrinet Raised by Northland Securities

Fabrinet (NYSE:FN) – Stock analysts at Northland Securities upped their Q3 2026 earnings per share (EPS) estimates for Fabrinet in a report released on Tuesday, February 3rd. Northland Securities analyst T. Savageaux now expects that the technology company will post earnings of $3.37 per share for the quarter, up from their prior forecast of $3.13. The consensus estimate for Fabrinet’s current full-year earnings is $9.40 per share. Northland Securities also issued estimates for Fabrinet’s Q4 2026 earnings at $3.58 EPS, FY2026 earnings at $12.75 EPS and FY2027 earnings at $15.77 EPS.

Fabrinet (NYSE:FN) last released its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $2.61 EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS.

Several other analysts have also recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research note on Tuesday. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley Financial upped their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $511.11.

Fabrinet Price Performance

NYSE:FN opened at $505.13 on Friday. The firm has a market cap of $18.10 billion, a PE ratio of 48.38 and a beta of 1.04. The firm has a 50 day simple moving average of $474.09 and a 200-day simple moving average of $408.83. Fabrinet has a 1-year low of $148.55 and a 1-year high of $531.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after acquiring an additional 59,002 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC boosted its position in Fabrinet by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after purchasing an additional 5,114 shares during the period. Invesco Ltd. increased its holdings in Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after purchasing an additional 170,297 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Fabrinet by 102.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock valued at $195,464,000 after purchasing an additional 336,173 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director directly owned 18,316 shares in the company, valued at $8,310,885. This trade represents a 16.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of Fabrinet stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the transaction, the chief executive officer directly owned 23,573 shares in the company, valued at $10,535,952.35. This represents a 48.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is owned by insiders.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Zacks upgraded Fabrinet to a Zacks Rank #1 (Strong Buy), signaling stronger near‑term earnings optimism from that shop; this upgrade likely supported buying interest. Zacks Upgrade
• Positive Sentiment: A Zacks feature called Fabrinet an “incredible growth stock,” highlighting growth attributes that can drive outperformance — supportive narrative for longer‑term buyers. Zacks Growth Piece
• Positive Sentiment: Northland Securities materially raised near‑term and multi‑year EPS estimates (examples: Q3 2026 to ~$3.37, Q4 2026 to ~$3.58, FY2026 to ~$12.75 and FY2027 to ~$15.77), which lifts EPS visibility and supports a higher valuation multiple. Northland Estimate Revisions
• Positive Sentiment: Sell‑side support was reinforced by Needham and Rosenblatt reiterating Buy ratings, adding to conviction among institutional investors and traders. Needham Rosenblatt
• Neutral Sentiment: Recent company results earlier in the week beat revenue and EPS expectations and management gave bullish HPC (high‑performance computing)‑driven commentary — a fundamental positive — but the post‑report period saw volatile trading (including a selloff noted in press coverage), reflecting mixed short‑term reactions. Yahoo Coverage
• Negative Sentiment: Seeking Alpha published a piece outlining three key concerns (two related to AI exposure and one on valuation) and a rating downgrade, which may temper some investors’ enthusiasm and contribute to short‑term caution. Seeking Alpha Concerns

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.