Fabrinet jumps 10% as AI-optics optimism builds and strong guidance keeps bulls in control

Fabrinet (FN) is up 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed optimism around AI-driven optical networking demand, which has been lifting multiple optical and photonics names and, by extension, key suppliers. Fabrinet’s recent “beat-and-raise” quarter and upbeat March-quarter guidance likely amplified the rally by reinforcing expectations for continued program ramps with large customers.

Details:

Fabrinet posted record fiscal Q2 results (quarter ended Dec. 26, 2025), with revenue of $1.1329B and non-GAAP EPS of $3.36, both above its guidance ranges.

For fiscal Q3 ending March 27, 2026, the company guided revenue to $1.15B–$1.20B and non-GAAP EPS to $3.45–$3.60, which investors may be treating as confirmation that high-speed optical builds remain strong.

Recent analyst note activity has leaned positive, citing AI infrastructure tailwinds and multi-customer program ramps (including next-generation optics opportunities) as potential drivers of above-trend growth.

Optical networking peers recently rallied on strong results and forward commentary, which could be pulling Fabrinet higher in sympathy as a manufacturing partner into that supply chain.

Sources:

GlobeNewswire, AOL, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FN Insider Trading Activity

$FN insiders have traded $FN stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.

Here’s a breakdown of recent trading of $FN stock by insiders over the last 6 months:

SEAMUS GRADY (Chief Executive Officer) has made 0 purchases and 4 sales selling 22,451 shares for an estimated $10,034,497.
PRABIR ADARKAR (PRESIDENT AND COO) has made 0 purchases and 8 sales selling 24,968 shares for an estimated $6,799,264.
THOMAS F KELLY has made 0 purchases and 5 sales selling 4,050 shares for an estimated $2,175,243.
HOMA BAHRAMI sold 3,500 shares for an estimated $1,588,114
DARLENE S. KNIGHT has made 0 purchases and 2 sales selling 1,000 shares for an estimated $477,056.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FN Hedge Fund Activity

We have seen 302 institutional investors add shares of $FN stock to their portfolio, and 284 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 2,504,841 shares (+163.0%) to their portfolio in Q4 2025, for an estimated $1,140,404,010
WASATCH ADVISORS LP removed 617,728 shares (-42.9%) from their portfolio in Q4 2025, for an estimated $281,239,203
POINT72 ASSET MANAGEMENT, L.P. removed 465,312 shares (-59.6%) from their portfolio in Q4 2025, for an estimated $211,847,247
CITADEL ADVISORS LLC removed 432,283 shares (-71.0%) from their portfolio in Q4 2025, for an estimated $196,809,804
JPMORGAN CHASE & CO added 419,081 shares (+64.8%) to their portfolio in Q4 2025, for an estimated $190,799,197
CAPITAL INTERNATIONAL INVESTORS removed 337,584 shares (-52.9%) from their portfolio in Q4 2025, for an estimated $153,695,243
CAPITAL RESEARCH GLOBAL INVESTORS removed 297,162 shares (-29.5%) from their portfolio in Q4 2025, for an estimated $135,291,915

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$FN Congressional Stock Trading

Members of Congress have traded $FN stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FN stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FN Analyst Ratings

Wall Street analysts have issued reports on $FN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 02/03/2026
Needham issued a "Buy" rating on 02/03/2026

To track analyst ratings and price targets for $FN, check out Quiver Quantitative's $FN forecast page.

$FN Price Targets

Multiple analysts have issued price targets for $FN recently. We have seen 6 analysts offer price targets for $FN in the last 6 months, with a median target of $544.0.

Here are some recent targets:

Tim Long from Barclays set a target price of $548.0 on 02/03/2026
Mike Genovese from Rosenblatt set a target price of $550.0 on 02/03/2026
Ryan Koontz from Needham set a target price of $540.0 on 02/03/2026
Dave Kang from B. Riley Securities set a target price of $452.0 on 02/03/2026
Christopher Rolland from Susquehanna set a target price of $570.0 on 01/22/2026
Samik Chatterjee from JP Morgan set a target price of $530.0 on 11/04/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.