{
  "url": "https://struct.news/briefs/fabrinets-sales-surged-36-its-cash-conversion-nearly-halved",
  "title": "Fabrinet’s sales surged 36%. Its cash conversion nearly halved.",
  "summary": "Inventory hit $1.0B, up 75.8%, while capital spending more than doubled to $252.5M.",
  "published_at": "2026-08-18T11:16:21.245903+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Fabrinet",
    "ticker": "FN",
    "cik": "1408710",
    "sector": "Technology",
    "industry": "Electronic Components"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-18",
    "accession": "0001408710-26-000028",
    "url": "https://www.sec.gov/Archives/edgar/data/1408710/000140871026000028/fn-20260626.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1408710/000140871025000039/fn-20250627.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 3419327000,
      "display": "$3.4B",
      "unit": "usd",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001408710-26-000028",
        "filing_date": "2026-08-18"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 18.604444657188246,
      "display": "+18.6%",
      "unit": "percent",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001408710-26-000028",
        "filing_date": "2026-08-18"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 9.488621591324844,
      "display": "+9.5%",
      "unit": "percent",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001408710-26-000028",
        "filing_date": "2026-08-18"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "Capital spending more than doubled as Fabrinet constructed facilities and expanded manufacturing capacity to support customers.",
      "importance": "medium",
      "evidence": "The decrease in cash used in investing activities for fiscal year 2026 as compared to cash used in investing activities for fiscal year 2025 was primarily due to (1) net proceeds of short-term investments, partially offset by (1) an increase in capital expenditures related to construction of a new manufacturing building at Chonburi campus and support certain customers",
      "source_date": "2026-08-18"
    },
    {
      "type": "demand",
      "statement": "Management attributed the revenue increase to higher demand for data-center and communications-infrastructure products, alongside other product lines.",
      "importance": "medium",
      "evidence": "This increase was primarily due to an increase in our key customers’ demand for data center products, communications infrastructure products, and automotive, industrial and others products.",
      "source_date": "2026-08-18"
    },
    {
      "type": "pricing",
      "statement": "Fabrinet expects product prices to decline over time but says service pricing can be supported through mix, cycle time, quality, yields, and material costs.",
      "importance": "medium",
      "evidence": "Although we expect the prices we charge for our manufactured products to decrease over time (partly as a result of competitive market forces), we believe we will be able to continue to maintain favorable pricing for our services because of our ability to reduce cycle time, adjust our product mix by focusing on more complicated products, improve product quality and yields, and reduce material costs for the products we manufacture.",
      "source_date": "2026-08-18"
    }
  ],
  "related_tickers": [
    "FN"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}