Fabrinet (FN) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $4.10
- Estimate
- $3.81
- Surprise
- +7.5%
- Revenue (period 2026-06-26)
- $1.32B
- Score at report (before → after)
- 6.1 → 6.0/10
Revenue source: xbrl.
How the report landed
Fabrinet (FN) beat the $3.81 estimate with adjusted EPS of $4.10 — a clear 7.5% upside surprise. TrendMatrix's engine moved from Hold (6.1/10) to Sell at 6.0/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- Nasdaq Tumbles Over 350 Points Amid Elevated Bond Yields: Investor Sentiment Weakens, Fear & Greed Index Moves to ‘Neutr — benzinga, 2026-08-19
Where TrendMatrix's rating stands now
TrendMatrix currently rates FN Sell at 6.1/10.
3 of the last 4 quarters beat the estimate; this quarter's +7.5% surprise compares with a +3.8% four-quarter average. Next scheduled report: 2026-11-02.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
What argues against it
- Concentration risk — Product: optical communications products (76.6%)
- Concentration risk — Supplier: critical materials from a single source or limited number of suppliers
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $392.95
- Price target
- $638.68
- Stop
- $367.34
- Upside to target
- +62.5%
- Reward-to-risk
- 4.4:1
The stock trades at 30.1× trailing but 18.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
FN at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Electronic Components
- Market cap
- $14.08B
- P/E (fwd)
- 18.0
- P/E (ttm)
- 30.1
- 52-week range
- $370.91–$748.89
- Off 52-week high
- 47.5%
- RSI (14)
- 49
- Volume vs avg
- 1.47×
- Score today
- 6.1/10