Fabrinet Q2 2026 Earnings Recap

Fabrinet achieved record second-quarter revenue of $1.13 billion, reflecting a remarkable 36% year-over-year growth, driven by strong performances across optical communications and high-performance computing segments.

Key Takeaways

• Second-quarter non-GAAP EPS reached $3.36, exceeding guidance despite a $3 million FX loss.
• Telecom revenue surged 59% year-over-year, with data center interconnect (DCI) modules growing 42%.
• Non-optical communications revenue soared 61%, primarily due to high-performance computing, which contributed $86 million.
• Construction of a new 2 million square foot facility is on schedule for completion by the end of 2026, supporting long-term growth.
• Operating margin improved to 10.9%, reflecting effective cost management alongside strong revenue growth.