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The fiber party is still going
Fabrinet isn’t exactly trying to win the “boring company of the year” award. Its optical communications business just threw off $833 million in revenue for the second quarter of fiscal 2026, up 29% from a year ago and 11% from the prior quarter. That’s not a gentle trot — that’s a full-on sprint.
Telecom and DCI are doing the heavy lifting
The telecom business was the main speedster, pulling in $554 million, which was up 59% year over year and 17% sequentially. Meanwhile, data center interconnect products generated $142 million, showing that the whole AI/data-center plumbing boom is still leaving fingerprints all over Fabrinet’s results.
Why investors care
When your largest segment is the growth engine, the whole story gets a lot easier to tell. Fabrinet said both end markets should keep growing in Q3 FY26, which is basically management’s way of saying, “Don’t expect the music to stop just yet.”
Big picture
The company’s optical communications business is acting less like a cyclical industrial and more like a picks-and-shovels winner in the cloud buildout. If demand keeps humming, Fabrinet’s record revenue quarter may not feel so record-y for long.