Fabrinet Files 2025 10-K

TL;DR

Fabrinet's 2025 10-K is in, check financials for FY ending 6/27/25.

AI Summary

Fabrinet filed its 10-K for the fiscal year ending June 27, 2025, reporting on its financial performance and business operations. The company, headquartered in Grand Cayman, E9, operates in the TELEPHONE & TELEGRAPH APPARATUS industry. Key financial data and operational details for the fiscal years 2023, 2024, and 2025 are presented within the filing.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Fabrinet's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2025-06-27 — Fiscal Year End (The end date of the reporting period.)
• 2024-06-28 — Prior Fiscal Year End (The end date of the previous reporting period.)
• 2023-06-30 — Prior Fiscal Year End (The end date of the reporting period prior to the previous one.)

Key Players & Entities

• Fabrinet (company) — Filer of the 10-K
• 20250627 (date) — Fiscal year end date
• 0001408710 (company) — Central Index Key for Fabrinet
• Grand Cayman, E9 (location) — Business address location
• Santa Clara, CA (location) — Mail address location

FAQ

Key Financial Figures

• $0.01 — e on which registered Ordinary Shares, $0.01 par value FN New York Stock Exchange
• $536.3 m — 2025 ("fiscal year 2025") increased by $536.3 million, or 18.6%, from $2.88 billion for
• $2.88 billion — eased by $536.3 million, or 18.6%, from $2.88 billion for the year ended June 28, 2024 ("fisc
• $3.42 billion — d June 28, 2024 ("fiscal year 2024") to $3.42 billion for fiscal year 2025. Our percentage of

Filing Documents

• fn-20250627.htm (10-K) — 2209KB
• fn-20250627x10kex1018.htm (EX-10.18) — 74KB
• fn-20250627x10kexhibit211.htm (EX-21.1) — 9KB
• fn-20250627x10kexhibit231.htm (EX-23.1) — 3KB
• fn-20250627x10kexhibit311.htm (EX-31.1) — 8KB
• fn-20250627x10kexhibit312.htm (EX-31.2) — 8KB
• fn-20250627x10kexhibit321.htm (EX-32.1) — 8KB
• fn-20250627_g1.jpg (GRAPHIC) — 128KB
• 0001408710-25-000039.txt ( ) — 12475KB
• fn-20250627.xsd (EX-101.SCH) — 86KB
• fn-20250627_cal.xml (EX-101.CAL) — 122KB
• fn-20250627_def.xml (EX-101.DEF) — 349KB
• fn-20250627_lab.xml (EX-101.LAB) — 950KB
• fn-20250627_pre.xml (EX-101.PRE) — 693KB
• fn-20250627_htm.xml (XML) — 2046KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 15 Item 1B. Unresolved Staff Comments 30 Item 1C. Cybersecurity 30 Item 2.

Properties

Properties 32 Item 3.

Legal Proceedings

Legal Proceedings 32 Item 4. Mine Safety Disclosures 32 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33 Item 6. [Reserved] 34 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 48 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 89 Item 9A.

Controls and Procedures

Controls and Procedures 89 Item 9B. Other Information 89 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 89 PART III Item 10. Directors, Executive Officers and Corporate Governance 90 Item 11.

Executive Compensation

Executive Compensation 90 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 90 Item 13. Certain Relationships and Related Transactions, and Director Independence 90 Item 14. Principal Accountant Fees and Services 90 PART IV Item 15. Exhibits, Financial Statement Schedules 91 Item 16. Form 10-K Summary 95

Signatures

Signatures 96 1 Table of Contents RISK FACTORS SUMMARY You should carefully consider the information set forth below under the heading "Risk Factors" in Part I, Item 1A before deciding whether to invest in our securities. Below is a summary of the principal risks associated with an investment in our securities. Our sales depend on a small number of customers. A reduction in orders from any of these customers, the loss of any of these customers, or a customer exerting significant pricing and margin pressures on us could harm our business, financial condition and operating results. Consolidation in the markets we serve could harm our business, financial condition and operating results. If the optical communications market does not expand as we expect, our business may not grow as fast as we expect, which could adversely impact our business, financial condition and operating results. Our quarterly revenues, gross profit margins and operating results have fluctuated significantly and may continue to do so in the future, which may cause the market price of our ordinary shares to decline or be volatile. If we are unable to continue diversifying our precision optical and electro-mechanical manufacturing services across other markets within the optics industry, such as the semiconductor processing, biotechnology, metrology and material processing markets, or if these markets do not grow as fast as we expect, our business may not grow as fast as we expect, which could adversely impact our business, financial condition and operating results. We face significant competition in our business. If we are unable to compete successfully against our current and future competitors, our business, financial condition and operating results could be harmed. Cancellations, delays or reductions of customer orders and the relatively short-term nature of the commitments of our customers could harm our business, financial condition and operating results. Our exposure to

BUSINESS

ITEM 1. BUSINESS. Overview We provide advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers ("OEMs") of complex products such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices and sensors. We offer a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. We are capable of producing a wide variety of high complexity products in any mix and any volume. Based on our extensive experience and the positive feedback we have received from our customers, we believe we are a global leader in providing these services to the optical communications, automotive, and industrial lasers markets. Our customer base includes companies in complex industries that require advanced precision manufacturing capabilities such as optical communications, automotive, industrial lasers, medical, and sensors. Our customers in these industries support a growing number of end-markets, including automotive, biotechnology, communications, materials processing, medical devices, metrology and semiconductor processing. In many cases, we are the sole outsourced manufacturing partner used by our customers for the products that we manufacture for them. Our revenues for the year ended June 27, 2025 ("fiscal year 2025") increased by $536.3 million, or 18.6%, from $2.88 billion for the year ended June 28, 2024 ("fiscal year 2024") to $3.42 billion for fiscal year 2025. Our percentage of revenues from optical communications products decreased from 79.4% in fiscal year 2024 to 76.6% in fiscal year 2025, while our percentage of revenues from automotive, industrial lasers, and other markets increased from 20.6% in fiscal

View Full Filing

View this 10-K filing on SEC EDGAR