Fabrinet · NYSE:FN
Fabrinet — Investor Presentation (November 2025)
15 slides from Fabrinet's investor presentation, Nov 3, 2025
Slide 1: Company Overview
COMPANY OVERVIEW November 3, 2025 1
Slide 2: Disclaimer
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
Slide 3: Fabrinet Overview
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 VitroCom Fabrinet West ▪ Telecom and Datacom Optical Communications Santa Cl
Slide 4: Markets and Products
Markets and Products Optical Automotive Industrial Lasers High- Communications Performance ◼ EV Charging ◼ Lasers ◼ Transceivers Computing ◼ LIDAR ◼ Solid-State Lasers ◼ Modulators ◼ Complex PCBA ◼ LED & Laser Lighting ◼ Gas Lasers ◼ Optical Amplifiers ◼ Safety & Control ◼ Ultrafast Lasers ◼ ROADM S
Slide 5: Efficient Global Manufacturing Footprint
Efficient Global Manufacturing Footprint Precision Optical and Electronic Custom Optics Packaging and Assembly Casix, China Vitrocom, NJ, USA Pinehurst Campus, Thailand Quickturn NPI Services Fabrinet Israel Fabrinet West, CA, USA Chonburi Campus, Thailand 5
Slide 6: Investment Highlights
Investment Highlights ✓ Large and growing addressable markets ✓ Differentiated business model with low-cost structure ✓ Highly differentiated expertise in precision manufacturing technologies enabling next-generation products ✓ Strong relationships with industry-leading OEMs and service providers ✓
Slide 7: Strong Revenue Trends
Strong Revenue Trends QUARTERLY CONSOLIDATED REVENUE ($M) 978 1,000 872 910 900 834 804 713 732 753 800 669 665 656 686 700 600 500 400 300 200 100 0 Dec'22 Dec'23 Dec'24 Mar'23 Mar'24 Mar'25* Jun '23 Jun'24 Jun'25 Sep'23 Sep'24 Sep'25 Optical communications Non-optical communications OPTICAL COMMUN
Slide 8: Consistent Profitability
Consistent Profitability NON-GAAP GROSS MARGIN AND NON-GAAP OPERATING MARGIN (1) % of Sales 15.0% 12.6% 12.4% 12.7% 12.3% 10.6% 10.5% 10.7% 10.6% 10.0% 5.0% 0.0% FY2024 FY2025 1Q25 1Q26 Gross margin Operating margin RETURN ON INVESTED CAPITAL (2) 50.0% 38.1% 38.5% 39.4% 40.0% 35.7% 30.0% 20.0% 10.0%
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials • Record Q1 revenue of $978.1 million exceeded guidance $Millions (USD), except per share figures 3 months ended 26-Sep-25 27-Sep-24 • Q1 non-GAAP operating Revenue $978.1 $804.2 margin was 10.6% Y-o-Y change 22% 17% • Q1 non-GAAP EPS of $2.92, Gross profi
Slide 10: Strong Balance Sheet Supports Growth Strategy
Strong Balance Sheet Supports Growth Strategy Selected Items $Millions (USD) As of Sep 26, 2025 Cash, cash equivalents(1) $968.8 Working capital (2) $733.6 Property, plant & equipment, net $419.5 Total debt (3) $0.0 Total shareholders’ equity $2,061.2 (1) Cash & cash equivalents include marketable s
Slide 11: Revenue Mix
Revenue Mix F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 Optical Communications 78% 80% 81% 79% 78% 78% 75% 76% 76% Datacom 45% 51% 52% 53% 53% 46% 38% 40% 37% Telecom 55% 49% 48% 47% 47% 54% 62% 60% 63% Non-Optical Communications 22% 20% 19% 21% 22% 22% 25% 24% 24% Optical and non-optical
Slide 12: Revenue by Product Category ($Millions USD)
Revenue by Product Category ($Millions USD) F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 Optical $533.3 $567.9 $591.4 $596.4 $626.3 $647.1 $657.2 $688.7 $746.9 Communications Datacom 242.0 288.1 305.5 314.7 328.9 299.1 251.1 276.9 273.1 Telecom 291.2 279.8 286.0 281.7 297.4 348.0 406.1 411.
Slide 13: Appendix
Appendix 13
Slide 14: Non-GAAP Reconciliation of Gross Margin and Operating Margin
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) Three Months Ended Twelve Months Ended September 26, September 27, June 27, 2025 June 27, 2025 June
Slide 15: Non-GAAP Reconciliation of Net Profit and EPS
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) FQ1'26 FQ4'25 FQ1'25 September 26, 2025 June 27, 2025 September 27, 2024 Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS GAAP