Fabrinet Q1 FY2027 revenue jumps 51% to $1.474B, raises capacity plan to $16B

Fabrinet's results read as a data-center optical demand story rather than a broad industrial recovery: the 78% data center surge dwarfs overall growth, and the decision to break ground on a second Chonburi plant signals management expects that demand to persist beyond current order visibility. The lift in long-term capacity plans from $14B to $16B is the more telling number, since it commits capital years ahead of confirmed revenue. The open question is whether data center concentration becomes a vulnerability if hyperscaler spending plateaus while the new plant's fixed costs arrive.