{"data":{"ticker":"FN","slug":"fabrinet","name":"Fabrinet","exchange":"NYSE","sector":"Technology","headquarters":"George Town, Cayman Islands","ceo":"Seamus Grady","employees":21521,"website":"https://www.fabrinet.com","founded":"2000","layers":[{"slug":"networking","name":"Networking & Optics"},{"slug":"data-centers","name":"Data Centers & Hardware"}],"exposure":{"score":78,"tier":"Core","rationale":"Fabrinet manufactures the high speed optical transceivers that link GPUs and switches across AI clusters, with datacom optics for NVIDIA and hyperscale suppliers the dominant growth driver. The thesis depends on AI cluster networking staying optical and on Fabrinet holding its precision manufacturing lead through each speed transition."},"quote":{"price":314.7,"change24hPct":-3.85,"change7dPct":-3.24,"change30dPct":-32.13,"change1yPct":-28.96,"high52w":746.47,"low52w":314.7,"marketCap":11277232128,"peRatio":24.11,"eps":13.05,"volume24h":471231780},"nextEarningsDate":"2026-11-02","summary":"Fabrinet is a contract manufacturer that specializes in precision optics and photonics. Customers design optical components and modules, and Fabrinet builds them at scale in its Thailand factories. It earns revenue on manufacturing services for products too complex for typical contract manufacturers to handle.","explainer":["Fabrinet is a contract manufacturer that specializes in precision optics and photonics. Customers design optical components and modules, and Fabrinet builds them at scale in its Thailand factories. It earns revenue on manufacturing services for products too complex for typical contract manufacturers to handle.","Its biggest business is datacom optics: high speed optical transceivers, including 800G modules, that move data between GPUs and switches inside AI clusters. NVIDIA is its largest customer. Fabrinet also builds telecom optics for network equipment makers, plus automotive laser components and industrial and medical devices.","Founded in 2000 by Seagate cofounder Tom Mitchell and registered in George Town, Cayman Islands, Fabrinet employs about 16,457 people and trades on the NYSE, with its main manufacturing campus in Thailand."],"buildoutRole":"Fabrinet sits in the Networking layer of the buildout, manufacturing the optical transceivers that carry traffic between servers, switches, and GPUs across AI data centers. As clusters grow, optical links replace copper at more points in the network, and each generation of faster optics runs through Fabrinet's factories. That makes it a direct beneficiary of the Data Centers layer expansion as well, since every new AI facility multiplies the number of optical connections required.","faq":[{"q":"What does Fabrinet do?","a":"Fabrinet is a contract manufacturer of precision optical and photonic products. Customers design optical transceivers, interconnects, and laser components, and Fabrinet manufactures them at scale, primarily in Thailand. It serves datacom, telecom, automotive, industrial, and medical markets."},{"q":"How is Fabrinet exposed to AI?","a":"Fabrinet builds the high speed optical transceivers, including 800G modules, that connect GPUs and switches inside AI clusters, with NVIDIA its largest customer. Supercycle rates it Core with an AI Exposure Score of 78 out of 100."},{"q":"Why do AI data centers need Fabrinet's optics?","a":"AI training clusters connect thousands of GPUs, and at those speeds and distances copper cabling runs out of headroom. Optical transceivers carry the traffic instead. Every new cluster multiplies the number of optical links, and Fabrinet manufactures a large share of them."},{"q":"Who leads Fabrinet?","a":"Seamus Grady serves as CEO of Fabrinet. The company was founded in 2000 by Tom Mitchell, a cofounder of Seagate, is registered in George Town, Cayman Islands, and employs about 16,457 people, mostly in Thailand."},{"q":"Is FN a pure play AI stock?","a":"Not quite. Supercycle scores Fabrinet 78 out of 100, near the top of the Core tier. AI datacom optics dominate its growth, but telecom, automotive, and industrial manufacturing still contribute meaningful revenue streams outside the buildout."}],"history1y":[{"date":"2026-09-22","close":403.8},{"date":"2026-09-23","close":400.85},{"date":"2026-09-24","close":398.36},{"date":"2026-09-25","close":417.39},{"date":"2026-09-28","close":409.96},{"date":"2026-09-29","close":424.12},{"date":"2026-09-30","close":424.27},{"date":"2026-10-01","close":451.44},{"date":"2026-10-02","close":463.69},{"date":"2026-10-05","close":453.84},{"date":"2026-10-06","close":489.16},{"date":"2026-10-07","close":497.99},{"date":"2026-10-08","close":487.33},{"date":"2026-10-09","close":486.28},{"date":"2026-10-12","close":456.4},{"date":"2026-10-13","close":427.82},{"date":"2026-10-14","close":392.95},{"date":"2026-10-15","close":385.2},{"date":"2026-10-16","close":363.51},{"date":"2026-10-19","close":362.69},{"date":"2026-10-20","close":355.48},{"date":"2026-10-21","close":356.06},{"date":"2026-10-22","close":317.67},{"date":"2026-10-23","close":314.94},{"date":"2026-10-26","close":325.24},{"date":"2026-10-27","close":343.21},{"date":"2026-10-28","close":367.3},{"date":"2026-10-29","close":348.68},{"date":"2026-10-30","close":327.29},{"date":"2026-11-02","close":314.7}],"incomeStatements":[{"ticker":"FN","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","revenue":4641097000,"cost_of_revenue":4084586000,"gross_profit":556511000,"operating_expense":0,"operating_income":463004000,"net_income":473027000,"earnings_per_share":13.05,"earnings_per_share_diluted":13.05,"research_and_development":0,"selling_general_and_administrative_expenses":93507000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":3419327000,"cost_of_revenue":3005978000,"gross_profit":413349000,"operating_expense":0,"operating_income":325883000,"net_income":332527000,"earnings_per_share":9.17,"earnings_per_share_diluted":9.17,"research_and_development":0,"selling_general_and_administrative_expenses":87466000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":2882967000,"cost_of_revenue":2526849000,"gross_profit":356118000,"operating_expense":0,"operating_income":277637000,"net_income":296181000,"earnings_per_share":8.1,"earnings_per_share_diluted":8.1,"research_and_development":0,"selling_general_and_administrative_expenses":78481000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":2645237000,"cost_of_revenue":2308964000,"gross_profit":336273000,"operating_expense":0,"operating_income":258600000,"net_income":247913000,"earnings_per_share":6.73,"earnings_per_share_diluted":6.73,"research_and_development":0,"selling_general_and_administrative_expenses":77673000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"FN","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","total_assets":3910961000,"current_assets":3159709000,"cash_and_equivalents":346711000,"total_liabilities":1456705000,"current_liabilities":1402625000,"total_debt":4013000,"shareholders_equity":2454256000,"retained_earnings":2566324000},{"ticker":"FN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":2831432000,"current_assets":2428839000,"cash_and_equivalents":306425000,"total_liabilities":849620000,"current_liabilities":809842000,"total_debt":5471000,"shareholders_equity":1981812000,"retained_earnings":2093297000},{"ticker":"FN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":2338519000,"current_assets":2012691000,"cash_and_equivalents":409973000,"total_liabilities":592774000,"current_liabilities":557942000,"total_debt":4990000,"shareholders_equity":1745745000,"retained_earnings":1760770000},{"ticker":"FN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":1979648000,"current_assets":1652540000,"cash_and_equivalents":231368000,"total_liabilities":510990000,"current_liabilities":481885000,"total_debt":13423000,"shareholders_equity":1468658000,"retained_earnings":1464589000}],"holders13f":[{"slug":"whale-rock","personName":"Whale 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The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/FN","html":"https://supercyclehq.com/stock/fabrinet","md":"https://supercyclehq.com/stock/fabrinet.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}