Fabrinet reported first‑quarter fiscal 2026 revenue of $978.12 million, up 4.5% from the $933.71 million consensus estimate, and diluted earnings per share of $2.92, surpassing the $2.82 consensus. The company’s telecom segment grew 59% year‑over‑year, contributing $586 million to revenue, while early high‑performance computing products added $15 million. Datacom sales declined modestly, less than analysts had anticipated.
Compared to Q1 FY2025, revenue rose 21.5% to $978.12 million from $804.2 million, and diluted EPS increased from $2.13 to $2.92. Non‑GAAP diluted EPS grew from $2.39 to $2.92, reflecting higher operating income and lower one‑time charges.
Management guided for Q2 FY2026 revenue of $1.05 billion to $1.10 billion and diluted EPS of $3.15 to $3.30, citing continued momentum in telecom and the ramp of new product lines. The company highlighted strong demand from data centers and ongoing expansion of its new Building 10 facility as drivers of future growth.
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