What is Fabrinet's work in process?

Fabrinet (FN) reported work in process of $544.22M in Q1 2026.

How has Fabrinet's work in process changed year-over-year?

Fabrinet's work in process increased by 67.7% year-over-year, from $324.52M to $544.22M.

What is the long-term trend for Fabrinet's work in process?

Over 4 years (2021 to 2025), Fabrinet's work in process has grown at a 21.3% compound annual growth rate (CAGR), from $174.65M to $377.74M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Fabrinet FN Work in process

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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$20.14B+67.1%

Enterprise value$19.79B+68.6%

P/E47.8×+11.6×

P/S4.8×+1.2×

Profitability

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Gross margin12%-0.1pp

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 / equity0×0.0×

Current ratio2.5×-0.8×

Where this comes from

Reported directly by Fabrinet in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

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 work in process?: Fabrinet (FN) reported work in process of $544.22M in Q1 2026.
How has Fabrinet's work in process changed year-over-year?: Fabrinet's work in process increased by 67.7% year-over-year, from $324.52M to $544.22M.
What is the long-term trend for Fabrinet's work in process?: Over 4 years (2021 to 2025), Fabrinet's work in process has grown at a 21.3% compound annual growth rate (CAGR), from $174.65M to $377.74M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.