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Fabrinet FN Gross margin

Gross margin at other companies

Flex Ltd. logo
Flex Ltd.FLEX
9.4%+0.9pp
Sanmina Corp logo
Sanmina CorpSANM
8.5%0.0pp
Jabil logo
JabilJBL
9.2%+0.4pp
Celestica logo
CelesticaCLS
12%+1.3pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
40.8%+11.2pp
Coherent logo
CoherentCOHR
36.8%+2.3pp

Other financials

Income statement

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Revenue$1.2B+39.3%
Gross profit$144.3M+41.3%
Operating income$120.0M+52.2%
Net income$125.2M+54.0%
EPS (diluted)$3.45+53.3%

Balance sheet

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Cash & equivalents$357.3M+16.4%
Total debt$4.4M-22.7%
Total equity$2.3B+20.8%
Total assets$3.5B+34.0%

Cash flow

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Operating cash flow$52.9M-28.7%
CapEx$63.8M+124%
Free cash flow$57.3M-8.9%

Valuation

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Market cap$20.56B+163%
Enterprise value$20.2B+169%
P/E48.8×+24.9×
P/S4.9×+2.5×

Profitability

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Operating margin9.9%+0.4pp
Net margin9.9%-0.1pp
FCF margin5.6%-4.2pp

Returns & leverage

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Return on equity20%+1.7pp
Debt / equity0.0×
Current ratio2.5×-0.8×

Where this comes from

Calculated from Fabrinet’s reported figures.

Based on trailing twelve months.

The official record: Fabrinet’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fabrinet's gross margin?
Fabrinet (FN) reported gross margin of 12% in Q1 2026.
How has Fabrinet's gross margin changed year-over-year?
Fabrinet's gross margin decreased by 0.4% year-over-year, from 12.1% to 12%.
What is the long-term trend for Fabrinet's gross margin?
Over 4 years (2021 to 2025), Fabrinet's gross margin has grown at a 0.7% compound annual growth rate (CAGR), from 11.8% to 12.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.