Intellia presents positive data for hereditary angioedema treatment
Investing.com -- Fabrinet (NYSE:FN) reported first quarter fiscal 2026 earnings that exceeded analyst expectations, driven by strong telecom performance and early contributions from High-Performance Computing revenue. The optical manufacturing services provider’s shares surged 9.5% in after-hours trading Monday following the announcement.
The company posted adjusted earnings per share of $2.92, beating the analyst estimate of $2.75 by $0.17. Revenue reached a record $978.1 million, significantly above the consensus estimate of $916.72 million and representing a 21.6% increase YoY from $804.2 million in the same quarter last year.
"We had an outstanding first quarter with revenue of $978 million dollars, which was above our guidance range," said Seamus Grady, Chairman and Chief Executive Officer of Fabrinet . "With continued strong execution, our revenue upside flowed directly to the bottom line, resulting in record earnings per share that also exceeded our guidance."
Looking ahead, Fabrinet provided guidance that surpassed analyst expectations. For the second quarter of fiscal 2026, the company forecasts revenue between $1.05 billion and $1.10 billion, well above the consensus estimate of $986.8 million. Adjusted earnings per share are expected to range from $3.15 to $3.30, compared to the analyst consensus of $2.99.
The company attributed its optimistic outlook to "multiple tailwinds" that are expected to accelerate growth in the second quarter. The strong performance was partially due to a smaller than anticipated sequential decline in datacom revenue, alongside the company’s core telecom strength.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.