- Record Fourth Quarter Revenue Exceeds Guidance Range
- Record Fiscal Year 2026 Revenue Increases 36% Year-over-year
BANGKOK, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 26, 2026.
Seamus Grady, Chief Executive Officer of Fabrinet, said, "Our fourth quarter was exceptional, capping off a remarkable year of accelerating growth and strong momentum. We achieved record quarterly revenue of $1.316 billion, exceeding our guidance range, and increasing 45% from a year ago. Through excellent execution, our non-GAAP EPS grew even faster, and also reached a new all-time high. For the full fiscal year, revenue increased 36% to $4.6 billion. As we look to fiscal year 2027, we remain very optimistic about the strength of our business and durability in the growth trends we are seeing, as multiple, significant growth drivers across our business contribute to our success."
Fourth Quarter Fiscal Year 2026 Financial Highlights
GAAP Results
- Revenue for the fourth quarter of fiscal year 2026 was $1,315.8 million, compared to $909.7 million for the fourth quarter of fiscal year 2025.
- GAAP net income for the fourth quarter of fiscal year 2026 was $139.3 million, compared to $87.2 million for the fourth quarter of fiscal year 2025.
- GAAP net income per diluted share for the fourth quarter of fiscal year 2026 was $3.83, compared to $2.42 for the fourth quarter of fiscal year 2025.
Non-GAAP Results
- Non-GAAP net income for the fourth quarter of fiscal year 2026 was $149.1 million, compared to $95.6 million for the fourth quarter of fiscal year 2025.
- Non-GAAP net income per diluted share for the fourth quarter of fiscal year 2026 was $4.10, compared to $2.65 for the fourth quarter of fiscal year 2025.
Fiscal Year 2026 Financial Highlights
GAAP Results
- Revenue for fiscal year 2026 was $4.64 billion, compared to $3.42 billion for fiscal year 2025.
- GAAP net income for fiscal year 2026 was $473.0 million, compared to $332.5 million for fiscal year 2025.
- GAAP net income per diluted share for fiscal year 2026 was $13.05, compared to $9.17 for fiscal year 2025.
Non-GAAP Results
- Non-GAAP net income for fiscal year 2026 was $510.9 million, compared to $368.8 million for fiscal year 2025.
- Non-GAAP net income per diluted share for fiscal year 2026 was $14.09, compared to $10.17 for fiscal year 2025.
Business Outlook
Based on information available as of August 17, 2026, Fabrinet is issuing guidance for its first fiscal quarter ending September 25, 2026, as follows:
- Fabrinet expects first quarter revenue to be in the range of $1.375 billion to $1.425 billion.
- GAAP net income per diluted share is expected to be in the range of $3.39 to $3.54, based on approximately 36.3 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $4.10 to $4.25, based on approximately 36.3 million fully diluted shares outstanding.
Guidance for non-GAAP net income per diluted share excludes share-based compensation expenses and certain non-recurring items. A reconciliation of non-GAAP net income per diluted share to the corresponding GAAP measure is available at the end of this press release.
Conference Call Information
| What: | Fabrinet Fourth Quarter Fiscal Year 2026 Financial Results Call | |
| When: | August 17, 2026 | |
| Time: | 5:00 p.m. ET | |
| Live Call and Replay: | https://investor.fabrinet.com/events-and-presentations/events |
A recorded version of this webcast will be available approximately two hours after the call and accessible at http://investor.fabrinet.com. The webcast will be archived on Fabrinet's website for a period of one year.
About Fabrinet
Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People's Republic of China, and Israel. For more information visit: www.fabrinet.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include (1) our optimism about the strength of our business and durability in the growth trends we are seeing, and (2) all of the statements under the "Business Outlook" section regarding our expected revenue, GAAP and non-GAAP net income per share, and fully diluted shares outstanding for the first quarter of fiscal year 2027. These forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: changes in general economic conditions, either globally or in our markets, and the risk of recession or an economic downturn; disruption to our supply chain, which could increase our costs and affect our ability to procure parts and materials; less customer demand for our products and services than forecasted; less growth in the data center, communications infrastructure, and automotive, industrial and other markets than we forecast; difficulties expanding into additional markets, such as the semiconductor processing, biotechnology, metrology and materials processing markets; increased competition in the optical manufacturing services markets; difficulties in delivering products and services that compete effectively from a price and performance perspective; our reliance on a small number of customers and suppliers; difficulties in managing our operating costs; difficulties in managing and operating our business across multiple countries (including Thailand, the People's Republic of China, Israel and the U.S.); and other important factors as described in reports and documents we file from time to time with the Securities and Exchange Commission (SEC), including the factors described under the section captioned "Risk Factors" in our Quarterly Report on Form 10-Q filed with the SEC on May 4, 2026. We disclaim any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
Non-GAAP Financial Measures
In addition to reporting financial results in accordance with GAAP, we provide investors with certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. We believe these non-GAAP financial measures provide investors with useful supplemental information to: (1) measure company performance against historical results, (2) facilitate comparisons to our competitors' operating results, and (3) allow greater transparency with respect to information used by management in making financial and operational decisions. In addition, we use some of these non-GAAP financial measures to measure company performance for the purposes of determining employee incentive plan compensation.
Non-GAAP gross profit, non-GAAP operating profit, non-GAAP net income and non-GAAP net income per diluted share exclude: share-based compensation expenses; severance payment and others; restructuring and other related costs; legal and litigation costs; non-marketable equity securities revaluation; and charges arising from the implementation or application of the OECD Pillar Two global minimum tax framework, including charges resulting from changes in implementing regulations, administrative guidance or related governmental measures. We have excluded these items in order to enhance investors' understanding of our underlying operations.
Non-GAAP free cash flow is net cash provided by (used in) operating activities, minus capital expenditures (purchase of property, plant and equipment). We use free cash flow to measure our ability to generate additional cash from our business operations.
There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We urge you to review the reconciliations of our non-GAAP financial measures to the most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business.
Investor Contact:
Garo Toomajanian
ir@fabrinet.com
| FABRINET CONSOLIDATED BALANCE SHEETS | |||||||
| (in thousands of U.S. dollars, except share data and par value) | June 26, 2026 | June 27, 2025 | |||||
| (unaudited) | |||||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | - | 346,711 | - | 306,425 | |||
| Short-term investments | 528,344 | 627,819 | |||||
| Trade accounts receivable, net of allowance for expected credit losses of $1,050 and $1,344, respectively | 1,017,933 | 758,894 | |||||
| Inventories | 1,021,235 | 581,015 | |||||
| Prepaid expenses | 49,915 | 38,476 | |||||
| Other current assets | 195,571 | 116,210 | |||||
| Total current assets | 3,159,709 | 2,428,839 | |||||
| Non-current assets | |||||||
| Long-term restricted cash | 704 | - | |||||
| Property, plant and equipment, net | 615,067 | 380,640 | |||||
| Intangibles, net | 2,458 | 2,156 | |||||
| Operating right-of-use assets | 3,974 | 5,768 | |||||
| Deferred tax assets | 19,229 | 13,406 | |||||
| Non-marketable equity securities | 89,103 | - | |||||
| Other non-current assets | 20,717 | 623 | |||||
| Total non-current assets | 751,252 | 402,593 | |||||
| Total Assets | - | 3,910,961 | - | 2,831,432 | |||
| Liabilities and Shareholders' Equity | |||||||
| Current liabilities | |||||||
| Trade accounts payable | 1,005,761 | 637,417 | |||||
| Fixed assets payable | 86,018 | 40,781 | |||||
| Operating lease liabilities, current portion | 1,189 | 1,792 | |||||
| Income tax payable | 63,469 | 7,939 | |||||
| Accrued payroll, bonus and related expenses | 29,850 | 24,566 | |||||
| Accrued expenses | 56,549 | 30,630 | |||||
| Severance liabilities, current portion | 2,319 | - | |||||
| Other payables | 157,470 | 66,717 | |||||
| Total current liabilities | 1,402,625 | 809,842 | |||||
| Non-current liabilities | |||||||
| Deferred tax liability | 1,654 | 1,595 | |||||
| Operating lease liabilities, non-current portion | 2,824 | 3,679 | |||||
| Severance liabilities, non-current portion | 31,776 | 31,225 | |||||
| Other non-current liabilities | 17,826 | 3,279 | |||||
| Total non-current liabilities | 54,080 | 39,778 | |||||
| Total Liabilities | 1,456,705 | 849,620 | |||||
| Shareholders' equity | |||||||
| Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of June 26, 2026 and June 27, 2025) | - | - | |||||
| Ordinary shares (500,000,000 shares authorized, $0.01 par value; 39,722,708 shares and 39,602,152 shares issued as of June 26, 2026 and June 27, 2025, respectively; and 35,834,864 shares and 35,728,074 shares outstanding as of June 26, 2026 and June 27, 2025, respectively) | 397 | 396 | |||||
| Additional paid-in capital | 251,854 | 237,881 | |||||
| Less: Treasury shares (3,887,844 shares and 3,874,078 shares as of June 26, 2026 and June 27, 2025, respectively) | (365,287 | - | (360,056 | - | |||
| Accumulated other comprehensive income (loss) | 968 | 10,294 | |||||
| Retained earnings | 2,566,324 | 2,093,297 | |||||
| Total Shareholders' Equity | 2,454,256 | 1,981,812 | |||||
| Total Liabilities and Shareholders' Equity | - | 3,910,961 | - | 2,831,432 | |||
| FABRINET CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| (in thousands of U.S. dollars, except per share data) | June 26, 2026 | June 27, 2025 | June 26, 2026 | June 27, 2025 | |||||||||||
| (unaudited) | (unaudited) | (unaudited) | |||||||||||||
| Revenues | - | 1,315,788 | - | 909,692 | - | 4,641,097 | - | 3,419,327 | |||||||
| Cost of revenues | (1,157,737 | - | (798,401 | - | (4,084,586 | - | (3,005,978 | - | |||||||
| Gross profit | 158,051 | 111,291 | 556,511 | 413,349 | |||||||||||
| Selling, general and administrative expenses | (23,685 | - | (22,166 | - | (93,507 | - | (87,466 | - | |||||||
| Restructuring and other related costs | (117 | - | (69 | - | (117 | - | (1,436 | - | |||||||
| Operating income | 134,249 | 89,056 | 462,887 | 324,447 | |||||||||||
| Interest income | 7,025 | 7,770 | 32,418 | 40,162 | |||||||||||
| Interest expense | (84 | - | - | (84 | - | - | |||||||||
| Foreign exchange gain (loss), net | 1,151 | (3,523 | - | 2,866 | (9,251 | - | |||||||||
| Other income (expense), net | 57,377 | (67 | - | 57,026 | (178 | - | |||||||||
| Income before income taxes | 199,718 | 93,236 | 555,113 | 355,180 | |||||||||||
| Income tax expense | (60,458 | - | (6,029 | - | (82,086 | - | (22,653 | - | |||||||
| Net income | 139,260 | 87,207 | 473,027 | 332,527 | |||||||||||
| Other comprehensive income (loss), net of tax: | |||||||||||||||
| Change in net unrealized gain (loss) on available-for-sale securities | (1,793 | - | 246 | (3,118 | - | 9,893 | |||||||||
| Change in net unrealized gain (loss) on derivative instruments | 3,288 | 1,407 | (6,094 | - | 2,314 | ||||||||||
| Change in foreign currency translation adjustment | (26 | - | 92 | (114 | - | 1,228 | |||||||||
| Total other comprehensive income (loss), net of tax | 1,469 | 1,745 | (9,326 | - | 13,435 | ||||||||||
| Net comprehensive income | - | 140,729 | - | 88,952 | - | 463,701 | - | 345,962 | |||||||
| Earnings per share | |||||||||||||||
| Basic | - | 3.89 | - | 2.44 | - | 13.21 | - | 9.23 | |||||||
| Diluted | - | 3.83 | - | 2.42 | - | 13.05 | - | 9.17 | |||||||
| Weighted-average number of ordinary shares outstanding (in thousands of shares) | |||||||||||||||
| Basic | 35,833 | 35,788 | 35,815 | 36,017 | |||||||||||
| Diluted | 36,358 | 36,084 | 36,252 | 36,267 | |||||||||||
| FABRINET CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||
| Year Ended | |||||||
| (in thousands of U.S. dollars) | June 26, 2026 | June 27, 2025 | |||||
| (unaudited) | |||||||
| Cash flows from operating activities | |||||||
| Net income | - | 473,027 | - | 332,527 | |||
| Adjustments to reconcile net income to net cash provided by operating activities | |||||||
| Depreciation and amortization | 68,371 | 53,433 | |||||
| (Gain) loss on disposal of property, plant and equipment and intangibles | (693 | - | (70 | - | |||
| (Gain) loss on non-marketable equity securities | (56,743 | - | - | ||||
| Amortization of discount (premium) of short-term investments | (4,724 | - | (4,563 | - | |||
| Inventory obsolescence impairment | 2,681 | - | |||||
| (Reversal of) allowance for expected credit losses | (294 | - | (285 | - | |||
| Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts | 268 | 4,963 | |||||
| Share-based compensation | 34,630 | 33,004 | |||||
| Customer warrant | 4,800 | 4,109 | |||||
| Deferred income tax expense (benefit) | (5,107 | - | (5,726 | - | |||
| Other non-cash expenses | 409 | 131 | |||||
| Changes in operating assets and liabilities | |||||||
| Trade accounts receivable | (259,258 | - | (165,657 | - | |||
| Inventories | (442,901 | - | (117,809 | - | |||
| Other current assets and non-current assets | (108,114 | - | (33,595 | - | |||
| Trade accounts payable | 370,753 | 194,236 | |||||
| Income tax payable | 55,530 | 4,029 | |||||
| Accrued expenses | 16,675 | 13,036 | |||||
| Other payables | 94,753 | 11,522 | |||||
| Severance liabilities | 3,743 | 3,799 | |||||
| Other current liabilities and non-current liabilities | 8,919 | 1,281 | |||||
| Net cash provided by operating activities | 256,725 | 328,365 | |||||
| Cash flows from investing activities | |||||||
| Purchase of short-term investments | (276,207 | - | (444,149 | - | |||
| Proceeds from sales of short-term investments | 12,000 | - | |||||
| Proceeds from maturities of short-term investments | 365,289 | 279,417 | |||||
| Purchases of non-marketable equity securities | (32,360 | - | - | ||||
| Purchase of property, plant and equipment | (252,503 | - | (121,078 | - | |||
| Purchase of intangibles | (1,181 | - | (738 | - | |||
| Proceeds from disposal of property, plant and equipment | 1,387 | 252 | |||||
| Net cash used in investing activities | (183,575 | - | (286,296 | - | |||
| Cash flows from financing activities | |||||||
| Repurchase of ordinary shares | (5,231 | - | (125,733 | - | |||
| Withholding tax related to net share settlement of restricted share units | (25,456 | - | (21,275 | - | |||
| Net cash used in financing activities | (30,687 | - | (147,008 | - | |||
| Net increase (decrease) in cash, cash equivalents and restricted cash | - | 42,463 | - | (104,939 | - | ||
| Movement in cash, cash equivalents and restricted cash | |||||||
| Cash, cash equivalents and restricted cash at the beginning of period | - | 306,425 | - | 409,973 | |||
| Increase (decrease) in cash, cash equivalents and restricted cash | 42,463 | (104,939 | - | ||||
| Effect of exchange rate on cash, cash equivalents and restricted cash | (1,473 | - | 1,391 | ||||
| Cash, cash equivalents and restricted cash at the end of period | - | 347,415 | - | 306,425 | |||
| FABRINET CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) | |||||
| Supplemental disclosures | Year Ended | ||||
| (in thousands of U.S. dollars) | June 26, 2026 | June 27, 2025 | |||
| (unaudited) | |||||
| Cash paid for | |||||
| Taxes | - | 29,405 | - | 24,302 | |
| Cash received for interest | - | 33,462 | - | 33,718 | |
| Non-cash investing and financing activities | |||||
| Construction, software and equipment related payables | - | 86,018 | - | 40,781 | |
| FABRINET RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (UNAUDITED) | |||||||||||||||||||||||
| Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin | |||||||||||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||||||||||
| (in thousands of U.S. dollars) | June 26, 2026 | June 27, 2025 | June 26, 2026 | June 27, 2025 | |||||||||||||||||||
| Revenues | - | 1,315,788 | - | 909,692 | - | 4,641,097 | - | 3,419,327 | |||||||||||||||
| Gross profit (GAAP) | - | 158,051 | 12.0 | - | - | 111,291 | 12.2 | - | - | 556,511 | 12.0 | - | - | 413,349 | 12.1 | - | |||||||
| Share-based compensation expenses | 2,765 | 2,573 | 11,459 | 10,456 | |||||||||||||||||||
| Gross profit (Non-GAAP) | - | 160,816 | 12.2 | - | - | 113,864 | 12.5 | - | - | 567,970 | 12.2 | - | - | 423,805 | 12.4 | - | |||||||
| Reconciliation of GAAP Operating Profit and GAAP Operating Margin to Non-GAAP Operating Profit and Non-GAAP Operating Margin | |||||||||||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||||||||||
| (in thousands of U.S. dollars) | June 26, 2026 | June 27, 2025 | June 26, 2026 | June 27, 2025 | |||||||||||||||||||
| Revenues | - | 1,315,788 | - | 909,692 | - | 4,641,097 | - | 3,419,327 | |||||||||||||||
| Operating profit (GAAP) | - | 134,249 | 10.2 | - | - | 89,056 | 9.8 | - | - | 462,887 | 10.0 | - | - | 324,447 | 9.5 | - | |||||||
| Share-based compensation expenses | 8,261 | 8,101 | 34,630 | 33,004 | |||||||||||||||||||
| Severance payment and others | 424 | - | 1,109 | 748 | |||||||||||||||||||
| Legal and litigation costs | 313 | 250 | 1,320 | 1,077 | |||||||||||||||||||
| Restructuring and other related costs | 117 | 69 | 117 | 1,436 | |||||||||||||||||||
| Operating profit (Non-GAAP) | - | 143,364 | 10.9 | - | - | 97,476 | 10.7 | - | - | 500,063 | 10.8 | - | - | 360,712 | 10.5 | - | |||||||
| FABRINET RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (UNAUDITED) | |||||||||||||||||||||||||||
| Reconciliation of GAAP Net Income and EPS to Non-GAAP Net Income and EPS | |||||||||||||||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||||||||||||||
| June 26, 2026 | June 27, 2025 | June 26, 2026 | June 27, 2025 | ||||||||||||||||||||||||
| (in thousands of U.S. dollars, except per share data) | Net income | Diluted EPS | Net income | Diluted EPS | Net income | Diluted EPS | Net income | Diluted EPS | |||||||||||||||||||
| GAAP measures | - | 139,260 | - | 3.83 | - | 87,207 | - | 2.42 | - | 473,027 | - | 13.05 | - | 332,527 | - | 9.17 | |||||||||||
| Items reconciling GAAP net income & EPS to non-GAAP net income & EPS: | |||||||||||||||||||||||||||
| Related to cost of revenues: | |||||||||||||||||||||||||||
| Share-based compensation expenses | 2,765 | 0.08 | 2,573 | 0.07 | 11,459 | 0.32 | 10,456 | 0.29 | |||||||||||||||||||
| Total related to cost of revenues | 2,765 | 0.08 | 2,573 | 0.07 | 11,459 | 0.32 | 10,456 | 0.29 | |||||||||||||||||||
| Related to selling, general and administrative expenses: | |||||||||||||||||||||||||||
| Share-based compensation expenses | 5,496 | 0.15 | 5,528 | 0.15 | 23,171 | 0.64 | 22,548 | 0.62 | |||||||||||||||||||
| Legal and litigation costs | 313 | 0.01 | 250 | 0.01 | 1,320 | 0.03 | 1,077 | 0.03 | |||||||||||||||||||
| Severance payment and others | 424 | 0.01 | - | - | 1,109 | 0.03 | 748 | 0.02 | |||||||||||||||||||
| Total related to selling, general and administrative expenses | 6,233 | 0.17 | 5,778 | 0.16 | 25,600 | 0.70 | 24,373 | 0.67 | |||||||||||||||||||
| Related to restructuring and other related costs: | |||||||||||||||||||||||||||
| Restructuring and other related costs | 117 | 0.00 | 69 | 0.00 | 117 | 0.00 | 1,436 | 0.04 | |||||||||||||||||||
| Total related to restructuring and other related costs | 117 | 0.00 | 69 | 0.00 | 117 | 0.00 | 1,436 | 0.04 | |||||||||||||||||||
| Related to other income and expense: | |||||||||||||||||||||||||||
| Non-marketable equity securities revaluation | (56,743 | - | (1.56 | - | - | - | (56,743 | - | (1.56 | - | - | - | |||||||||||||||
| Total related to other income and expense | (56,743 | - | (1.56 | - | - | - | (56,743 | - | (1.56 | - | - | - | |||||||||||||||
| Related to income tax (benefit) expense | |||||||||||||||||||||||||||
| Tax provision related to Pillar Two | 57,447 | 1.58 | - | - | 57,447 | 1.58 | - | - | |||||||||||||||||||
| Total related to income tax (benefit) expense | 57,447 | 1.58 | - | - | 57,447 | 1.58 | - | - | |||||||||||||||||||
| Total related to net income & EPS | 9,819 | 0.27 | 8,420 | 0.23 | 37,880 | 1.04 | 36,265 | 1.00 | |||||||||||||||||||
| Non-GAAP measures | - | 149,079 | - | 4.10 | - | 95,627 | - | 2.65 | - | 510,907 | - | 14.09 | - | 368,792 | - | 10.17 | |||||||||||
| Shares used in computing diluted net income per share (in thousands of shares) | |||||||||||||||||||||||||||
| GAAP diluted shares | 36,358 | 36,084 | 36,252 | 36,267 | |||||||||||||||||||||||
| Non-GAAP diluted shares | 36,358 | 36,084 | 36,252 | 36,267 | |||||||||||||||||||||||
| FABRINET RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED) | ||||||||||||||||
| (in thousands of U.S. dollars) | Three Months Ended | Year Ended | ||||||||||||||
| June 26, 2026 | June 27, 2025 | June 26, 2026 | June 27, 2025 | |||||||||||||
| Net cash provided by operating activities | - | 54,967 | - | 55,093 | - | 256,725 | - | 328,365 | ||||||||
| Less: Purchase of property, plant and equipment | (91,869 | - | (50,410 | - | (252,503 | - | (121,078 | - | ||||||||
| Non-GAAP free cash flow | - | (36,902 | - | - | 4,683 | - | 4,222 | - | 207,287 | |||||||
| FABRINET GUIDANCE FOR QUARTER ENDING SEPTEMBER 25, 2026 RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES | |
| Diluted EPS | |
| GAAP net income per diluted share | $3.39 to $3.54 |
| Related to cost of revenues: | |
| Share-based compensation expenses | 0.12 |
| Total related to cost of revenues | 0.12 |
| Related to selling, general and administrative expenses: | |
| Share-based compensation expenses | 0.19 |
| Total related to selling, general and administrative expenses | 0.19 |
| Related to income tax (benefit) expense: | |
| Tax provision related to Pillar Two | 0.40 |
| Total related to income tax (benefit) expense | 0.40 |
| Total related to net income & EPS | 0.71 |
| Non-GAAP net income per diluted share | $4.10 to $4.25 |
