BANGKOK – Fabrinet reported first quarter fiscal 2026 revenue of $978.1 million, up 21.6% from $804.2 million in the same period last year. GAAP net income was $95.9 million, compared to $77.4 million a year ago.

Chairman and CEO Seamus Grady said the quarter exceeded guidance, driven by telecom demand, initial contributions from high-performance computing revenue and a smaller-than-expected sequential decline in datacom revenue. Grady added that the company expects growth to accelerate in the second quarter.

For the fiscal second quarter ending December 26, Fabrinet expects revenue between $1.05 billion and $1.10 billion.