Fabrinet Q1 FY2026 revenue $978M beats guidance; EPS $2.66 record high

Fabrinet

2026-Q1 EPS reported $2.66 revenue$978,128,000

Revenue $978.1M vs $804.2M YoY (+21.6%); GAAP EPS $2.66, Non-GAAP EPS $2.92.
Q2 guidance: revenue $1.05B-$1.10B, GAAP EPS $2.91-$3.06, Non-GAAP EPS $3.15-$3.30.
CEO cites strong telecom, early HPC revenue, smaller-than-expected datacom decline.
Net income $95.9M vs $77.4M YoY; upside flowed to bottom line on strong execution.
Record Q1 results driven by multiple tailwinds; management optimistic for Q2 acceleration.

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