B. Riley Has Bullish Forecast for Fabrinet Q2 Earnings

Fabrinet (NYSE:FN) – Equities research analysts at B. Riley boosted their Q2 2026 earnings estimates for Fabrinet in a note issued to investors on Tuesday, November 4th. B. Riley analyst D. Kang now anticipates that the technology company will post earnings of $3.11 per share for the quarter, up from their prior forecast of $2.63. B. Riley has a “Neutral” rating and a $220.00 price target on the stock. The consensus estimate for Fabrinet’s current full-year earnings is $9.40 per share. B. Riley also issued estimates for Fabrinet’s Q3 2026 earnings at $3.12 EPS, Q4 2026 earnings at $3.26 EPS, FY2026 earnings at $12.16 EPS, Q1 2027 earnings at $3.30 EPS, Q2 2027 earnings at $3.37 EPS, Q3 2027 earnings at $3.26 EPS, Q4 2027 earnings at $3.30 EPS and FY2027 earnings at $13.24 EPS.

FN has been the subject of several other research reports. Northland Securities set a $550.00 target price on Fabrinet in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays upped their target price on shares of Fabrinet from $329.00 to $499.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $451.29.

Fabrinet Stock Performance

NYSE:FN opened at $447.89 on Friday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $498.00. The stock has a market cap of $16.05 billion, a P/E ratio of 46.13 and a beta of 1.05. The stock has a 50-day simple moving average of $389.78 and a 200-day simple moving average of $311.93.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, November 3rd. The technology company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.83 by $0.09. The firm had revenue of $978.13 million for the quarter, compared to analyst estimates of $935.04 million. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.Fabrinet’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.39 earnings per share. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS.

Insider Activity at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the sale, the chief operating officer directly owned 13,983 shares of the company’s stock, valued at $4,966,062.45. This represents a 50.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the sale, the executive vice president directly owned 6,644 shares of the company’s stock, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,049 shares of company stock worth $9,360,401 in the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. L & S Advisors Inc acquired a new position in shares of Fabrinet during the third quarter worth about $1,848,000. Synovus Financial Corp acquired a new stake in Fabrinet in the third quarter valued at about $3,591,000. GSA Capital Partners LLP purchased a new stake in Fabrinet in the 3rd quarter valued at approximately $570,000. Vanguard Group Inc. increased its position in Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after purchasing an additional 59,002 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Fabrinet by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after purchasing an additional 10,621 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.