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FN

Fabrinet

NYSE: FN · TECHNOLOGY · ELECTRONIC COMPONENTS

$643.46
+0.90% today

Updated 2026-04-29

Market cap
$23.05B
P/E ratio
61.75
P/S ratio
5.92x
EPS (TTM)
$10.42
Dividend yield
—
52W range
$194 – $735
Volume
0.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Fabrinet (FN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$643.46
Consensus
$489.00
-24.00%
2030 Target
—
—
DCF
$249.61
-86.50% MoS
8 analysts:
5 Buy3 Hold0 Sell

Management guidance

Fabrinet guided Q3 FY2026 revenue to $1.15B-$1.20B (midpoint $1.175B), implying ~$4.68B full-year FY2026 revenue. Management has not provided explicit multi-year guidance beyond FY2026, but commentary on 'AI infrastructure supercycle,' 'optical interconnect ramp,' and '800ZR co-packaged optics' as growth catalysts through 2028+ indicates sustained double-digit growth trajectory.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$4,656.54
—
Base case (2030)
$2,827.19
—
Bear case (2030)
$1,884.79
—

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)
Revenue$2.6B$2.9B$3.4B$4.7B$5.5B$6.8B$8.4B
Revenue growth—9.0%18.6%36.8%18.2%23.8%22.9%
EPS—$8.88$6.28$13.98$16.74$21.45$27.30
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$1,552.18$1,829.36$2,272.84$2,827.19

Catalysts & risks

Growth catalysts
+ AI data center capex acceleration from hyperscalers (Meta, Google, Microsoft, Amazon) driving optical component demand
+ 800ZR and co-packaged optics adoption in networking infrastructure; SiPh optical circuit switch manufacturing with iPronics partnership
+ High-performance computing (HPC) segment revenue surged 473% sequentially in Q2 FY2026; expected to exceed $150M when fully ramped
+ Telecom and networking equipment upgrade cycle driven by cybersecurity concerns (Trump router ban) and AI-driven network upgrades
+ Customer concentration risk mitigated by broadening HPC/AI customer base across multiple hyperscalers
Key risks
- Customer concentration: Heavy reliance on 1-2 hyperscale customers for AI optics demand; concentration risk if capex plans shift
- Execution risk: Rapid capacity expansion required to meet demand; supply chain constraints or manufacturing delays could limit upside
- AI sentiment volatility: Stock highly sensitive to broader AI market sentiment swings; recent 13% selloff despite record earnings shows valuation risk
- Margin pressure: Gross margin 12.07% is below historical trends; competitive pricing pressure and manufacturing ramp costs could compress profitability
- Valuation risk: Trading at 53.5x P/E with PEG of 1.46; limited margin of safety if growth disappoints or macro conditions deteriorate

Methodology

Fabrinet's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.