Fabrinet 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549____________________________ FORM 10-Q (Mark One) For the quarterly period endedDecember 26, 2025 OR Transition report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the transition period from__________to__________Commission File Number: 001-34775 FABRINET (Exact name of registrant as specified in its charter) Cayman Islands(State or other jurisdiction of 98-1228572(I.R.S. Employer c/o Walkers Corporate Ltd.190 Elgin Avenue, George TownGrand Cayman KY1-9008(Zip Code) +66 2-524-9600(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days:YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of RegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act).☐YesNo AsofJanuary23, 2026, the registrant had35,826,117ordinary shares, $0.01 par value, outstanding. FABRINETFORM10-Q RISK FACTORS SUMMARY PART I. FINANCIAL INFORMATION Item1. Financial Statements RISK FACTORS SUMMARY You should carefully consider the information set forth below under the heading “Risk Factors” in Part II, Item 1A before decidingwhether 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 thesecustomers, or a customer exerting significant pricing and margin pressures on us could harm our business, financial conditionand 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, whichcould 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 inthe 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 othermarkets within the optics industry, such as the semiconductor processing, biotechnology, metrology and material processingmarkets, or if these markets do not grow as fast as we expect, our business may not grow as fast as we expect, which couldadversely 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 futurecompetitors, 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 ourcustomers could harm our business, financial condition and operating results. •Our exposure to financially troubled customers or suppliers could harm our business, financial condition and operatingresults. •We purchase some of the critical materials used in certain of our products from a single source or a limited number ofsuppliers.Supplyshortageshaveinthepast,andcouldinthefuture,impairthequality,reducetheavailabilityorincrease •Managing our inventory is complex and may require write-downs due to excess or obsolete inventory, which could cause ouroperating results to decrease significantly in a given fiscal period. •If we fail to adequately expand our manufacturing capacity, we will not be able to grow our business, which would harm ourbusiness, financial condition and operating results. Conversely, if we expand too much or too rapidly, we may experienceexcess capacity, which would harm our business, financial condition and operating results. •We may experience manufacturing yields that are lower than expected, potentially resulti