B. Riley Has Positive Forecast for Fabrinet Q2 Earnings

Fabrinet (NYSE:FN) – Analysts at B. Riley increased their Q2 2026 earnings per share estimates for Fabrinet in a research report issued on Tuesday, November 4th. B. Riley analyst D. Kang now forecasts that the technology company will post earnings per share of $3.11 for the quarter, up from their prior forecast of $2.63. B. Riley currently has a “Neutral” rating and a $220.00 target price on the stock. The consensus estimate for Fabrinet’s current full-year earnings is $9.40 per share. B. Riley also issued estimates for Fabrinet’s Q3 2026 earnings at $3.12 EPS, Q4 2026 earnings at $3.26 EPS, FY2026 earnings at $12.16 EPS, Q1 2027 earnings at $3.30 EPS, Q2 2027 earnings at $3.37 EPS, Q3 2027 earnings at $3.26 EPS, Q4 2027 earnings at $3.30 EPS and FY2027 earnings at $13.24 EPS.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday. Northland Securities set a $550.00 target price on shares of Fabrinet in a research report on Tuesday. Rosenblatt Securities raised their target price on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC lifted their price objective on Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $451.29.

Fabrinet Price Performance

Shares of NYSE FN traded down $25.15 during trading on Friday, hitting $436.09. The stock had a trading volume of 103,123 shares, compared to its average volume of 703,649. The firm has a fifty day moving average of $387.44 and a two-hundred day moving average of $310.02. The company has a market capitalization of $15.62 billion, a PE ratio of 45.28 and a beta of 1.05. Fabrinet has a 12 month low of $148.55 and a 12 month high of $498.00.

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

Insider Activity

In other news, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the completion of the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. This trade represents a 33.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is owned by company insiders.

Institutional Trading of Fabrinet

Several institutional investors and hedge funds have recently modified their holdings of FN. Wasatch Advisors LP boosted its position 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 during the last quarter. Geode Capital Management LLC raised its stake in Fabrinet by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock valued at $309,771,000 after purchasing an additional 5,114 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Fabrinet by 102.8% during the second 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 during the last quarter. JPMorgan Chase & Co. grew its stake in Fabrinet by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after buying an additional 10,621 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of Fabrinet by 16.5% during the 1st quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock worth $127,306,000 after acquiring an additional 91,519 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

About Fabrinet

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.