Fabrinet (FN) is Rising on Expected Data Centre Spending

In its first-quarter 2026 capitalist letter, FPA Queens Road Small Cap Value Fund highlighted Fabrinet (NYSE:FN) arsenic a starring contributor. Fabrinet (NYSE:FN) is an optical packaging and precision optical, electro-mechanical, and physics manufacturing services provider. On May 8, 2026, Fabrinet (NYSE:FN) closed astatine $621.28 per share. One-month instrumentality of Fabrinet (NYSE:FN) was -7.54%, and its shares gained 196.14% implicit the past 52 weeks. Fabrinet (NYSE:FN) has a marketplace capitalization of $22.26 billion.

FPA Queens Road Small Cap Value Fund stated the pursuing regarding Fabrinet (NYSE:FN) successful its Q1 2026 capitalist letter:

"Fabrinet (NYSE:FN) is simply a declaration shaper specializing successful optical networking instrumentality and modules. This is analyzable enactment astatine tiny scales, and Fabrinet dominates its niche. The institution has experienced awesome humanities gross maturation and increasing operating margins. Fabrinet’s highest bandwidth products are uncovering expanding request successful information centers, particularly those information centers utilized to bid artificial quality models. In 2023, Fabrinet disclosed that Nvidia is simply a 10% customer. FN’s banal terms has much than doubled since April of past twelvemonth connected rising expectations for information halfway spending. We judge specified spending, arsenic capitalized successful FN’s banal price, whitethorn person gotten up of itself and person been trimming. But the request for precocious bandwidth networking volition continue, Fabrinet dominates its halfway telecom and information halfway markets and has prudently diversified into a fistful of different niches that reward precise assembly astatine tiny scale. We judge Fabrinet volition beryllium a “compounder” for galore years, and we proceed to clasp a position."