Fabrinet Q4 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Fabrinet Q4 FY2026 Earnings Summary (Ended June 26, 2026)

  • Revenue: $1.316 billion, +45% year-over-year (exceeded top end of guidance); full-year FY2026 revenue $4.6 billion, +36% from FY2025.
  • Non-GAAP EPS: $4.10 (above guidance); full-year FY2026 non-GAAP EPS $14.09, +39% from FY2025.
  • GAAP Net Income: $139 million ($3.83 per diluted share) in Q4.

Revenue Breakdown (New Categories Effective Q4 FY2026)

  • Data Centers (51% of total, $669 million): +68% YoY, +13% sequentially from Q3; largest category, driven by PCI products (>$1B annualized run rate) and HPC growth.
  • Communications Infrastructure (31% of total, $413 million): +40% YoY, +1% sequentially; broad-based growth across telecom systems, satellite comms, and components.
  • Automotive, Industrial & Other (18% of total, $234 million): +8% YoY, +9% sequentially; driven by EV charging and LiDAR.

Note: Prior categories reconciled in investor deck; change is presentational only with no impact on total revenue.

Profitability & Operations

  • Non-GAAP gross margin: 12.2% (+10 bps vs. Q3, -30 bps YoY).
  • Operating margin: 10.9% (highest in 3 years); operating expenses 1.3% of revenue.
  • Full-year operating leverage strong; model expects continued leverage with revenue growth.
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Operator: Good afternoon. Welcome to Cybernet Financial Results Conference Call for the Fourth Quarter of Fiscal Year 26. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session and instructions on how to participate will be provided at that time. As a reminder, today's call is being recorded. I would now like to turn the call over to your host, Garo Toomajanian, vice president of investor relations. Garo Toomajanian: Thank you, operator, and good afternoon, everyone. Thank you for joining us on today's conference call to discuss Fabrinet's financial and operating results for the fourth quarter of fiscal year 26. Which ended June 26, 2026. With me on the call today are Seamus Grady, chairman and chief executive officer and Csaba Sverha, Chief Financial Officer. This call is being webcast, and a replay will be available on the Investors section of our website. Located at investor.fabrinet.com. During this call, we will present both GAAP and non GAAP financial measures. Please refer to the Investors section of our website for important information including our earnings press release and investor presentation, which include our GAAP to non-GAAP reconciliation, as well as additional details of our revenue breakdown. In addition, today's discussion will contain forward looking statements about the future financial performance of the company. Forward looking statements are subject to risks and uncertainties that could cause ac
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