Fabrinet (FN) SEC Filings & Earnings Calls

Customer Concentration

“During fiscal years 2026, 2025 and 2024, we had four, two and two customers, respectively, that each contributed 10% or more of our revenues. Such customers together accounted for 57.4%, 45.8% and 48.5% of our revenues during the respective periods.” · word for word

Pillar Two Tax Increase

“For the year ended June 26, 2026, we recognized $57.4 million of current income tax expense related to enacted Pillar Two UTPR legislation.” · word for word

Foreign Exchange Exposure

“As of June 26, 2026, the U.S. dollar had depreciated approximately 9.4% against the Thai baht since June 28, 2024.” · word for word

Supply Chain Disruption

“We rely on a single source or a limited number of suppliers for critical materials used in a significant number of the products we manufacture.” · word for word

Inventory Build

“Inventories $1,021,235 thousand as of June 26, 2026, compared with $581,015 thousand as of June 27, 2025, an increase of 75.7%.”

Customer concentration and supply chain disruption risks.

“Risk factors mention reliance on a small number of customers and suppliers, and disruption to supply chain.”

Economic downturn and reduced demand in data center and communications markets.

“Risk factors include changes in general economic conditions and less growth in data center and communications infrastructure.”

Customer Concentration

“During the three months ended March 27, 2026...we had three customers that each contributed 10% or more of our revenues. Such customers together accounted for 49.5%...of our revenues during the respective periods.” · word for word

Supply Chain Disruption

“We rely on a single source or a limited number of suppliers for critical materials...Supply shortages have in the past, and could in the future, impair the quality, reduce the availability or increase the cost of materials.” · word for word

Foreign Exchange Exposure

“As a result of our foreign operations, we have significant expenses, assets and liabilities that are denominated in foreign currencies...our gross profit margins, operating results, profitability and cash flows are adversely impacted when the dollar depreciates relative to the Thai baht or the RMB.” · word for word

Tariff Risk

“We are subject to risks related to changes in U.S. and international trade policies, including new or increased tariffs on materials that we use in manufacturing, which could adversely affect our business, financial condition and operating results.” · word for word

Supply chain disruption risk

“disruption to our supply chain, which could increase our costs and affect our ability to procure parts and materials” · word for word

Customer concentration risk

“our reliance on a small number of customers and suppliers” · word for word

Customer concentration risk

“During the three months ended December 26, 2025 and December 27, 2024, we had four and two customers, respectively, that each contributed 10% or more of our revenues. Such customers together accounted for 59.1% and 48.5% of our revenues during the respective periods.” · word for word

Foreign exchange risk

“As of December 26, 2025, the U.S. dollar had depreciated approximately 9.2% against the Thai baht since December 29, 2023.” · word for word

Supply chain disruption risk

“The semiconductor supply chain is complex, and, in recent years, there has been a significant global shortage of semiconductors.” · word for word

Tariff risk

“In April 2025, the U.S. imposed global trade tariffs on a wide range of products and goods.” · word for word

Customer concentration and supply chain risks; reliance on a small number of customers and suppliers.

“Our reliance on a small number of customers and suppliers.” · word for word

Customer Concentration

“During the three months ended September 26, 2025 and September 27, 2024, the Company had three customers and two customers, respectively, that each contributed 10% or more of the Company's revenues. Such customers together accounted for 51.5% and 52.6% of the Company revenues during the respective periods.” · word for word

Supply Chain Disruption

“We purchase some of the critical materials used in certain of our products from a single source or a limited number of suppliers. Supply shortages have in the past, and could in the future, impair the quality, reduce the availability or increase the cost of materials, which could harm our revenues, profitability and customer relations.” · word for word

Foreign Exchange Exposure

“As a result of our foreign operations, we have significant expenses, assets and liabilities that are denominated in foreign currencies. ... a 10% weakening in the U.S. dollar against the Thai baht and the RMB would have resulted in a decrease in our net dollar position of approximately $12.8 million and $9.4 million as of September 26, 2025 and June 27, 2025” · word for word

Tariff and Trade Policy Risk

“In April 2025, the U.S. imposed global trade tariffs on a wide range of products and goods. Our business may be adversely affected by evolving global trade policies, including tariffs and other trade restrictions.” · word for word

Litigation Risk

“On June 28, 2024, Ngan In Leng and First Laser Limited filed a complaint ... alleging unjust enrichment related to a purported investment in Casix by the Plaintiffs in 1997 ... The Plaintiffs have requested that the Court order FEHC to return the unjust enrichment to the Plaintiffs in the amount of RMB 400 million, with interest from March 1, 2000, and order” · word for word

Concentration in optical communications; any slowdown in telecom or datacom could impact growth.

“This record result was driven by another strong telecom performance, an early contribution from new High-Performance Computing revenue, and a smaller than anticipated sequential decline in datacom revenue.” · word for word