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Fabrinet — Investor Presentation — Fourth Quarter Fiscal 2026 (Q4 FY2026)
Fabrinet (FN) · 15 slides · Filed Aug 17, 2026
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Slide 1 — COMPANY OVERVIEW
1 COMPANY OVERVIEW August 17, 2026
Slide 2 — Disclaimer
2 Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our business plans and objectives, potential growth opportunities, competitive position, industry environment and potential market opportunities. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but 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 datacenter, communications infrastructure, 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 most recent annual and quarterly reports on Form 10-K and Form 10-Q. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These factors may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assume responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations, except as required by law.
Slide 3 — 3
3 Fabrinet West Santa Clara Fabrinet Pinehurst / Chonburi/ Navanakorn VitroCom New Jersey Casix Fuzhou Fabrinet Israel Fabrinet Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services Focus on mission-critical components and modules in any mix and any volume Serving growing industrial markets Data Centers Communications Infrastructure Automotive and Industrial Other components and sub-systems Long-lasting customer relationships with programs extending from new product introduction (NPI) to volume production Highly seasoned management team with extensive and diversified manufacturing experience in OEM and EMS industries CORE VALUES Total Customer Satisfaction Sustainable Manufacturing Positive Work Environment Integrity >20,000 employees >4.0 million sq. ft. Factories in Thailand, China, New Jersey, California, and Israel FN
Slide 4 — Markets and Products
4 Markets and Products Communications Infrastructure Network Systems Line Cards LEO Satellite ROADM Components Automotive EV Charging LiDAR LED & Laser Lighting Safety & Control Sensors Temperature & Pressure Sensors Data Centers Transceivers Datacenter Interconnect High-Performance Computing PCBAs Silicon Photonics Co-packaged Optics Other Medical Diagnostics Metrology & Instrumentation Custom Optics and Passive Devices – Vertical Integration Beam Splitters, Prisms, Laser Crystals, Waveplates, Ferrules Industrial Lasers Solid-State Lasers Gas Lasers Ultrafast Lasers
Slide 5 — Efficient Global Manufacturing Footprint
5 Efficient Global Manufacturing Footprint Precision Optical and Electronic Packaging and Assembly Pinehurst Campus, Thailand Quickturn NPI Services Fabrinet Israel Fabrinet West, CA, USA Custom Optics Casix, China Vitrocom, NJ, USA Chonburi Campus, Thailand Navanakorn Campus, Thailand
Slide 6 — 6
6 Investment Highlights Differentiated business model with low-cost structure Highly differentiated expertise in precision manufacturing technologies enabling next-generation products Large and growing addressable markets Strong, long-term relationships with industry-leading OEMs Demonstrated track record of consistent growth and profitability Experienced management team with history of execution ü ü ü ü ü ü
Slide 7 — Strong Revenue and Growth Trends
7 Strong Revenue and Growth Trends Note: The quarter ended March 28, 2025 (3Q25) includes a non-cash stock-based accounting contra-revenue adjustment of $(3.9) million Automotive, Industrial and Other +8% y/y, +9% q/q Includes products used in automotive, industrial, medical, and other specialized end markets Communications Infrastructure +40% y/y, +1% q/q Includes optical and networking products used in telecommunications and enterprise networks, excluding products specific to data center applications Data Center +68% y/y, +13% q/q Includes optical and interconnect products deployed within data centers, including data center networking, high-performance computing, and AI infrastructure applications Total Revenue +45% y/y, +8% q/q $404M 50% $405M 49% $372M 43% $399M 44% $438M 45% $526M 46% $592M 49% $669M 51% $223M 28% $245M 29% $286M 33% $295M 32% $330M 34% $397M 35% $407M 34% $413M 31% $176M 22% $184M 22% $214M 25% $216M 24% $211M 22% $210M 19% $215M 18% $234M 18% $804M $834M $872M $910M $978M $1,133M $1,214M $1,316M $0M $250M $500M $750M $1,000M $1,250M $1,500M 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 Quarterly Revenue and Revenue Mix Data Center Communications Infrastructure Automotive, Industrial and Other
Slide 8 — Consistent Profitability
8 38.1% 38.9% 38.2% 40.6% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% FY25 FY26 4Q25 4Q26 NON-GAAP GROSS MARGIN AND NON-GAAP OPERATING MARGIN (1) Consistent Profitability RETURN ON INVESTED CAPITAL (2) 12.4% 12.2% 12.5% 12.2% 10.5% 10.8% 10.7% 10.9% 9.0% 10.0% 11.0% 12.0% 13.0% FY25 FY26 4Q25 4Q26 Gross margin Operating margin % of Sales (1) Excludes share based compensation, executive separation cost, depreciation of fair value uplift/intangibles, restructuring costs, etc. See Appendix for a reconciliation to most comparable GAAP measures. (2) Return on Invested Capital = non-GAAP net income divided by average invested capital. Invested capital = total debt + shareholder equity – cash & equivalents, marketable securities and restricted cash. For ROIC in the current fiscal quarter and the prior year fiscal quarter, non-GAAP net income is annualized by multiplying the fiscal quarter’s non-GAAP net income by 4. See Appendix for a reconciliation to most comparable GAAP measures.
Slide 9 — Recent Financial Performance
9 Recent Financial Performance Key Financials $Millions (USD), except per share figures 3 months ended 26-June-26 27-June-25 Revenue $1,315.8 $909.7 Y-o-Y change 45% 21% Gross profit (non-GAAP) (1) $160.8 $113.9 Gross margin (non-GAAP) (1) 12.2% 12.5% Operating profit (non-GAAP) (1) $143.4 $97.5 Operating margin (non-GAAP) (1) 10.9% 10.7% Net Income (GAAP) $139.3 $87.2 Net Income (non-GAAP) (1) $149.1 $95.6 Diluted EPS (GAAP) $3.83 $2.42 Diluted EPS (non-GAAP) (1) $4.10 $2.65 • Record Q4 revenue of $1,316 million exceeded guidance and grew 45% y/y • Q4 non-GAAP operating margin was 10.9% • Q4 non-GAAP EPS of $4.10 exceeded guidance, and was a new record (1) See Appendix for a reconciliation to most comparable GAAP measure
Slide 10 — Strong Balance Sheet Supports Growth Strategy
10 Strong Balance Sheet Supports Growth Strategy (1) Cash & cash equivalents include marketable securities and restricted cash (2) Calculated as Trade accounts receivable + Inventory – Trade accounts payable (3) Calculated as the sum of current & long-term debt, net of unamortized debt issuance costs Selected Items $Millions (USD) As of June 26, 2026 Cash, cash equivalents(1) $875.8 Working capital (2) $1,033.4 Property, plant & equipment, net $615.1 Total debt (3) $0.0 Total shareholders’ equity $2,455.0
Slide 11 — Appendix
Appendix 11
Slide 12 — Historical Revenue by Product Category
12 Historical Revenue by Product Category Note: The quarter ended March 28, 2025 includes a non-cash stock-based accounting contra-revenue adjustment of $(3.9 million) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 Data Center 339.9 375.1 384.0 430.7 404.5 404.6 372.3 398.5 437.6 526.2 592.0 669.3 Communications Infrastructure 195.4 194.7 210.1 167.2 223.4 245.4 285.6 295.0 329.6 396.8 407.1 412.9 Automotive, Industrial and Other 150.2 142.8 137.4 155.4 176.3 183.5 213.9 216.2 210.9 209.9 215.2 233.6 Total $685.5 $712.7 $731.5 $753.3 $804.2 $833.6 $871.8 $909.7 $978.1 $1,132.9 $1,214.3 $1,315.8 Revenue ($M) by Fiscal Quarter
Slide 13 — Revenue by Product Category (Previous Presentation; $Millions USD)
13 Revenue by Product Category (Previous Presentation; $Millions USD) F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 F3Q26 F4Q26 Optical Communications $596.4 $626.3 $647.1 $657.2 $688.7 $746.9 $832.6 $888.7 $956.5 Datacom 314.7 328.9 299.1 251.1 276.9 273.1 278.1 260.4 258.0 Telecom 281.7 297.4 348.0 406.1 411.8 473.8 554.4 628.3 698.5 DCI1 73.9 71.8 100.0 103.4 107.0 138.1 142.2 196.9 255.9 Non-Optical Communications $156.9 $177.9 $186.5 $214.62 $221.0 $231.2 $300.3 $325.6 $359.3 High-Performance Computing 15.4 85.6 106.7 118.0 Automotive 86.0 102.7 104.2 129.5 127.9 121.9 117.0 115.5 135.3 Industrial Laser 32.1 35.3 37.5 40.5 39.7 39.7 41.4 44.2 49.0 Other 38.7 39.8 44.7 44.62 53.4 54.2 56.4 59.2 57.1 Total Revenue $753.3 $804.2 $833.6 $871.82 $909.7 $978.1 $1,132.9 $1,214.3 $1,315.8 1 DCI (Datacenter Interconnect) revenue is included in Telecom revenue 2 The quarter ended March 28, 2025 includes a non-cash stock-based accounting contra-revenue adjustment of $(3.9 million)
Slide 14 — Non-GAAP Reconciliation of Gross Margin and Operating Margin
14 Non-GAAP Reconciliation of Gross Margin and Operating Margin Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Revenue $ 1,315,788 $ 1,214,293 $ 909,692 $ 4,641,097 $ 3,419,327 Gross profit (GAAP) $ 158,051 $ 144,339 $ 111,291 $ 556,511 $ 413,349 Share-based compensation expenses 2,765 2,531 2,573 11,459 10,456 Gross profit (Non-GAAP) $ 160,816 $ 146,870 $ 113,864 $ 567,970 $ 423,805 Gross margin (GAAP) 12.0% 11.9% 12.2% 12.0% 12.1% Gross margin (Non-GAAP) 12.2% 12.1% 12.5% 12.2% 12.4% Reconciliation of GAAP Operating Profit and GAAP Operating Margin to Non-GAAP Operating Profit and Non-GAAP Operating Margin (in thousands of U.S. dollars) Revenue $ 1,315,788 $ 1,214,293 $ 909,692 $ 4,641,097 $ 3,419,327 Operating profit (GAAP) $ 134,249 $ 120,044 $ 89,056 $ 462,887 $ 324,447 Share-based compensation expenses 8,261 8,541 8,101 34,630 33,004 Severance payment 424 613 - 1,109 748 Legal and litigation 313 497 250 1,320 1,077 Restructuring and other related costs 117 - 69 117 1,436 Operating profit (Non-GAAP) $ 143,364 $ 129,695 $ 97,476 $ 500,063 $ 360,712 Operating margin (GAAP) 10.2% 9.9% 9.8% 10.0% 9.5% Operating margin (Non-GAAP) 10.9% 10.7% 10.7% 10.8% 10.5% Twelve Months Ended Twelve Months Ended Three Months Ended June 27, 2025 June 27, 2025 Three Months Ended June 26, 2026 March 27, 2026 June 26, 2026 March 27, 2026 June 26, 2026 June 27, 2025 June 26, 2026 June 27, 2025
Slide 15 — Non-GAAP Reconciliation of Net Profit and EPS
15 Non-GAAP Reconciliation of Net Profit and EPS Reconciliation of GAAP measures to non-GAAP measures (in thousands of U.S. dollars, except per share data) Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS GAAP measures 139,260 3.83 125,213 3.45 112,628 3.11 Related to cost of revenues: Share-based compensation expenses 2,765 0.08 2,531 0.07 2,644 0.07 Total related to cost of revenues 2,765 0.08 2,531 0.07 2,644 0.07 Share-based compensation expenses 5,496 0.15 6,010 0.16 6,113 0.17 Legal and litigation 313 0.01 497 0.02 254 0.01 Severance payment and others 424 0.01 613 0.02 - - 6,233 0.17 7,120 0.20 6,367 0.18 Restructuring and other related costs 117 0.00 - - - - Non-marketable equity security revaluation (56,743) (1.56) - - - - Tax provision related to Pillar Two 57,447 1.58 - - - - 821 0.02 - - - - Total related to net income & EPS 9,819 0.27 9,651 0.27 9,011 0.25 Non-GAAP measures 149,079 4.10 134,864 3.72 121,639 3.36 Shares used in computing diluted net income per share GAAP diluted shares 36,358 36,301 36,253 Non-GAAP diluted shares 36,358 36,301 36,253 Items reconciling GAAP net income & EPS to non-GAAP Related to selling, general and administrative expenses: Total related to selling, general and administrative expenses Related to other income and expense: Total related to other income and expense December 26,2025 June 26,2026 March 27, 2026 FQ4'26 FQ3'26 FQ2'26