HIGHOutside partySupplier
critical materials from single source or limited number of suppliers
“10-K Item 1A: 'We purchase some of the critical materials used in certain of our products from a single source or a limited number of suppliers.'”
FN · Concentration risk · 10-K extracted
Fabrinet (FN) concentration risks
Updated
The most significant concentration Fabrinet discloses is critical materials from single source or limited number of suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Fabrinet’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
47.9%
data center products
“10-K Item 1: 'Our percentage of revenues from data center products increased from 46.2% in fiscal year 2025 to 47.9% in fiscal year 2026'”
MEDIUMOutside partyCustomer
small number of customers
“10-K Item 1A: 'Our sales depend on a small number of customers.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Fabrinet's disclosures combine a supply dependency, a customer dependency, and a structural product-mix tilt. The company purchases some of the critical materials used in certain products from a single source or a limited number of suppliers, a high-share exposure with no disclosed percentage. This is the most idiosyncratic risk, since a disruption at a constrained supplier could halt production for affected customers. On the demand side, the filing states that its sales depend on a small number of customers, a medium-share exposure. The sources give no percentage, so the weight of the largest accounts cannot be measured, but a loss or reduced orders from any of them would flow quickly into revenue. Structurally, data center products rose from 46.2% of revenues in fiscal year 2025 to 47.9% in fiscal year 2026, a medium-share exposure that is growing. That ties results to data center capital spending cycles. Taken together, the rising data center share likely deepens exposure to the same small customer group, though the sources do not state that overlap. The supplier dependency can restrict output, while customer and end-market concentration determine how volatile demand may be.
For the engine’s reasoning on FN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APH | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| FN● | Fabrinet | 1 | 2 | 0 | 3 |
| ALNT | Allient Inc. | 1 | 1 | 0 | 2 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.