0001408710-26-000028 | 10-K | XBRL Viewer

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Employee benefit plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee benefit plans (Details) - USD ($) $ in Millions	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Defined Contribution and Defined Benefit Plans [Line Items]
Bonus distributions to employees	$ 16.5	$ 14.5	$ 13.5
Provident Fund
Defined Contribution and Defined Benefit Plans [Line Items]
Defined contribution plan, employer annual contribution	9.6	8.0	7.0
Defined Contribution Plan 401k
Defined Contribution and Defined Benefit Plans [Line Items]
Defined contribution plan, employer annual contribution	$ 1.3	$ 1.1	$ 1.0
Employees maximum contribution to 401 (K) Plan	80.00%
Percentage of employees' contribution, eligible for employer match	100.00%
Percentage of employees' annual contribution, eligible for employers match	6.00%

Fair value of financial instruments - Additional Information (Details) - Foreign currency forward contracts $ in Millions, $ in Millions	12 Months Ended
	Jun. 26, 2026 USD ($) contract	Jun. 27, 2025 USD ($) contract	Jun. 26, 2026 CAD ($) contract	Jun. 27, 2025 CAD ($) contract
Financial Instrument [Line Items]
Derivative liabilities, notional amount	$ 279.0	$ 35.0
Gains or losses from accumulated other comprehensive income expected to be reclassified	$ (5.6)
Canada, Dollars
Financial Instrument [Line Items]
Derivative liabilities, notional amount			$ 0.3
Designated as hedging instrument \| Thailand, Baht
Financial Instrument [Line Items]
Number of foreign currency derivatives held \| contract	272	165	272	165
Derivative, notional amount	$ 280.0	$ 165.0
Designated as hedging instrument \| Canada, Dollars
Financial Instrument [Line Items]
Number of foreign currency derivatives held \| contract	1	1	1	1
Derivative liabilities, notional amount			$ 0.3	$ 0.5
Not designated as hedging instrument
Financial Instrument [Line Items]
Unrealized (loss) gain on derivatives	$ (2.8)	$ 1.9

Subsequent Event (Details) $ in Millions	Jul. 27, 2026 USD ($)
Subsequent Event \| U.S. \| Manfacturing Facility
Subsequent Event [Line Items]
Purchase price amount	$ 76.9

Intangibles (Tables)

12 Months Ended

Jun. 26, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Intangible Assets

The following tables present details of the Company’s intangibles:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Software
Gross carrying amount	$	13,365	$	12,159
Accumulated amortization	(10,907)		(10,003)
Net	$	2,458	$	2,156

Schedule of Weighted-Average Remaining Life of Intangible Assets

The weighted-average remaining life of software was:


(years)	As of June 26, 2026	As of June 27, 2025
Software	2.7	3.6

Schedule of Estimated Future Amortization of Intangibles Assets

Based on the carrying amount of intangibles as of June 26, 2026, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:


(in thousands)
2027	$	875
2028	711
2029	503
2030	281
2031	88

Total	$	2,458

Accumulated other comprehensive income (loss) ("AOCI") - Schedule of Pre-Tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gains (losses) on derivative instruments	$ (4,751)	$ 2,364
Total amounts reclassified from AOCI	4,751	(2,364)
Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI	4,751	(2,364)
Reclassification out of accumulated other comprehensive income \| Income Statement Location [Axis]: us-gaap:CostOfRevenue
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gains (losses) on derivative instruments	3,333	(1,588)
Reclassification out of accumulated other comprehensive income \| Income Statement Location [Axis]: us-gaap:ForeignCurrencyTransactionGainLossRealizedAfterTax
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gains (losses) on derivative instruments	1,166	(654)
Reclassification out of accumulated other comprehensive income \| Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gains (losses) on derivative instruments	$ 252	$ (122)

Share-based compensation - Additional Information (Details) - USD ($)		12 Months Ended
	Mar. 12, 2025	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Dec. 12, 2019	Nov. 02, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation costs capitalized		$ 0	$ 0	$ 0
Number of ordinary shares available for future grant (in shares)		1,567,007
Shares authorized for future issuance (in shares)					1,281,619
Shares withheld to settle employee minimum statutory obligation for applicable income and other employment taxes (in shares)		74,508	92,492
Tax withholdings related to net share settlement of restricted share units		$ 25,456,000	$ 21,275,000	13,175,000
Number of securities called by warrants or rights (in shares)	381,922
Exercise price of warrants or rights (in USD per share)	$ 208.48
Class of warrant or right, warrants vested (in shares)	38,192
Grant date fair value per share (in USD per share)	$ 102.88
Grant date fair value	$ 39,300,000
Warrants outstanding (in shares)		85,942	38,192
Restricted Share Units and Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of restricted share units vested		$ 31,800,000	$ 28,000,000.0	$ 26,000,000.0
Aggregate intrinsic value of restricted share units outstanding		$ 160,700,000
Restricted Share Units \| Non-employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period		1 year
Restricted Share Units \| Vesting, option one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period		3 years
Restricted Share Units \| Vesting, option two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period		4 years
Restricted Share Units \| Vest on the first of January \| Non-employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		100.00%
Performance Share Units \| Executive of the Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period		2 years
Performance Share Units \| Vest at the end of the performance period \| Executive of the Company \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		0.00%
Performance Share Units \| Vest at the end of the performance period \| Executive of the Company \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		100.00%
Equity Incentive Plans \| Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense		$ 17,300,000
Unrecognized compensation expense, weighted-average period for recognition		2 years 6 months
Equity Incentive Plans \| Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense		$ 7,800,000
Unrecognized compensation expense, weighted-average period for recognition		1 year 1 month 6 days
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)		1,455,660			1,700,000
Shares reserved for future issuance (in shares)					1,300,000
2017 Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)		111,347
Shares authorized for future issuance (in shares)						160,000

Business and organization	12 Months Ended
Business and organization	Jun. 26, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and organization	Business and organization General Fabrinet (“Fabrinet” or the “Parent Company”) was incorporated on August 12, 1999, and commenced operations on January 1, 2000. The Parent Company is an exempted company incorporated in the Cayman Islands, British West Indies. The “Company” refers to Fabrinet and its subsidiaries as a group. The Company provides advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, automotive components, industrial lasers, medical devices and sensors. The Company offers 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. The Company is capable of producing a wide variety of high complexity products in any mix and any volume. The principal subsidiaries of Fabrinet include Fabrinet Co., Ltd. (“Fabrinet Thailand”), Casix, Inc. (“Casix”), Fabrinet West, Inc. (“Fabrinet West”) and Fabrinet Israel Ltd. (“Fabrinet Israel”).

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Cash flows from operating activities
Net income	$ 473,027	$ 332,527	$ 296,181
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	68,371	53,433	49,017
(Gain) loss on disposal of property, plant and equipment and intangibles	(693)	(70)	62
(Gain) loss on non-marketable equity securities	(56,743)	0	0
Amortization of discount (premium) of short-term investments	(4,724)	(4,563)	(3,399)
Inventory obsolescence impairment	2,681	0	0
(Reversal of) allowance for expected credit losses	(294)	(285)	664
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts	268	4,963	(849)
Amortization of fair value at hedge inception of interest rate swaps	0	0	(220)
Share-based compensation	34,630	33,004	28,374
Customer warrant	4,800	4,109	0
Deferred income tax expense (benefit)	(5,107)	(5,726)	1,672
Other non-cash expenses	409	131	310
Changes in operating assets and liabilities
Trade accounts receivable	(259,258)	(165,657)	(61,279)
Inventories	(442,901)	(117,809)	56,370
Other current assets and non-current assets	(108,114)	(33,595)	(46,715)
Trade accounts payable	370,753	194,236	60,040
Income tax payable	55,530	4,029	(1,960)
Accrued expenses	16,675	13,036	1,398
Other payables	94,753	11,522	30,959
Severance liabilities	3,743	3,799	2,771
Other current liabilities and non-current liabilities	8,919	1,281	(250)
Net cash provided by operating activities	256,725	328,365	413,146
Cash flows from investing activities
Purchase of short-term investments	(276,207)	(444,149)	(435,905)
Proceeds from sales of short-term investments	12,000	0	40,000
Proceeds from maturities of short-term investments	365,289	279,417	271,877
Purchases of non-marketable equity securities	(32,360)	0	0
Purchase of property, plant and equipment	(252,503)	(121,078)	(47,528)
Purchase of intangibles	(1,181)	(738)	(889)
Proceeds from disposal of property, plant and equipment	1,387	252	2,694
Net cash used in investing activities	(183,575)	(286,296)	(169,751)
Cash flows from financing activities
Repayment of long-term borrowings	0	0	(12,188)
Repurchase of ordinary shares	(5,231)	(125,733)	(39,490)
Withholding tax related to net share settlement of restricted share units	(25,456)	(21,275)	(13,175)
Net cash used in financing activities	(30,687)	(147,008)	(64,853)
Net increase (decrease) in cash, cash equivalents and restricted cash	42,463	(104,939)	178,542
Movement in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at the beginning of period	306,425	409,973	231,368
Increase (decrease) in cash, cash equivalents and restricted cash	42,463	(104,939)	178,542
Effect of exchange rate on cash, cash equivalents and restricted cash	(1,473)	1,391	63
Cash, cash equivalents and restricted cash at the end of period	347,415	306,425	409,973
Cash paid for
Interest	0	0	312
Taxes	29,405	24,302	16,452
Cash received for interest	33,462	33,718	29,783
Non-cash investing and financing activities
Construction, software and equipment related payables	86,018	40,781	14,380
Reconcilliation of Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents	346,711	306,425	409,973
Restricted cash	704	0	0
Cash, cash equivalents and restricted cash	$ 347,415	$ 306,425	$ 409,973

Property, plant and equipment, net - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Property, Plant, and Equipment [Line Items]
Cost	$ 1,042,222	$ 747,971
Less: Accumulated depreciation	(426,876)	(367,042)
Less: Impairment reserve	(279)	(289)
Net book value	615,067	380,640
Land and Land Improvements
Property, Plant, and Equipment [Line Items]
Cost	68,675	61,534
Less: Accumulated depreciation	(949)	(635)
Less: Impairment reserve	0	0
Net book value	67,726	60,899
Building and Building Improvements
Property, Plant, and Equipment [Line Items]
Cost	330,841	222,640
Less: Accumulated depreciation	(102,041)	(92,478)
Less: Impairment reserve	0	0
Net book value	228,800	130,162
Manufacturing Equipment
Property, Plant, and Equipment [Line Items]
Cost	512,821	374,322
Less: Accumulated depreciation	(293,870)	(248,833)
Less: Impairment reserve	(279)	(289)
Net book value	218,672	125,200
Office Equipment
Property, Plant, and Equipment [Line Items]
Cost	7,801	6,395
Less: Accumulated depreciation	(5,892)	(5,502)
Less: Impairment reserve	0	0
Net book value	1,909	893
Motor Vehicles
Property, Plant, and Equipment [Line Items]
Cost	1,410	1,296
Less: Accumulated depreciation	(935)	(904)
Less: Impairment reserve	0	0
Net book value	475	392
Computers
Property, Plant, and Equipment [Line Items]
Cost	38,668	30,736
Less: Accumulated depreciation	(23,189)	(18,690)
Less: Impairment reserve	0	0
Net book value	15,479	12,046
Construction and Machinery Under Installation
Property, Plant, and Equipment [Line Items]
Cost	82,006	51,048
Less: Accumulated depreciation	0	0
Less: Impairment reserve	0	0
Net book value	$ 82,006	$ 51,048

Business segments and geographic information - Schedule of Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Segment Reporting [Line Items]
Long-lived assets	$ 619,041	$ 386,408	$ 312,576
Thailand
Segment Reporting [Line Items]
Long-lived assets	562,044	338,127	261,378
U.S.
Segment Reporting [Line Items]
Long-lived assets	35,610	30,374	31,383
China
Segment Reporting [Line Items]
Long-lived assets	18,698	14,378	16,618
Israel
Segment Reporting [Line Items]
Long-lived assets	2,149	2,727	2,269
Others
Segment Reporting [Line Items]
Long-lived assets	$ 540	$ 802	$ 928

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Income taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities, Net of Valuation Allowance (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Jun. 30, 2023
Deferred tax assets:
Depreciation	$ 647	$ 2,368
Severance liability	6,603	5,981
Reserves and allowance	10,837	5,554
Net operating loss carryforwards	4,093	2,532
Others	2,617	452
Total	24,797	16,887
Less: Valuation allowance	(5,568)	(3,481)	$ (3,613)	$ (3,824)
Net deferred tax assets	19,229	13,406
Deferred tax liabilities:
Temporary differences from intangibles and changes in the fair value of assets acquired	(1,405)	(1,543)
Deferred tax from unremitted earnings	(2,511)	(2,141)
Others	2,262	2,089
Total	(1,654)	(1,595)
Net	$ 17,575	$ 11,811

Non-marketable equity securities - Schedule of Carrying Value of Non-Marketable Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Non-Marketable Equity Security, Rollforward [Abstract]
Balance at beginning of period	$ 0
Adjustments related to non-marketable equity securities
Net additions	32,360
Unrealized gains	56,743	$ 0	$ 0
Impairments and unrealized losses	0
Balance at end of period	$ 89,103	$ 0

Intangibles - Schedule of Weighted-Average Remaining Life of Intangible Assets (Details)	Jun. 26, 2026	Jun. 27, 2025
Software
Finite-Lived Intangible Liabilities [Line Items]
Useful life	2 years 8 months 12 days	3 years 7 months 6 days

Trade accounts receivable, net (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Jun. 30, 2023
Receivables [Abstract]
Trade accounts receivable	$ 1,018,983	$ 760,238
Less: Allowance for expected credit losses	(1,050)	(1,344)	$ (1,629)	$ (965)
Trade accounts receivable, net	$ 1,017,933	$ 758,894

Shareholders' equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Jan. 31, 2025	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2020	May 31, 2019	Feb. 28, 2018	Aug. 31, 2017
Shareholders Equity [Line Items]
Ordinary shares, shares authorized (in shares)	500,000,000	500,000,000
Ordinary shares, par value (in USD per share)	$ 0.01	$ 0.01
Preferred shares, shares authorized (in shares)	5,000,000	5,000,000
Preferred shares, par value (in USD per share)	$ 0.01	$ 0.01
Share repurchase program, approved amount	$ 534,300										$ 30,000
Share repurchase program, increase in shares authorized for repurchase				$ 100,000	$ 139,500	$ 47,600	$ 78,700	$ 58,500	$ 50,000	$ 30,000
Repurchased shares (in shares)	13,766	561,858	211,726
Treasury stock shares repurchased average price (in USD per share)	$ 379.99
Treasury stock shares repurchased value	$ 5,231	$ 125,733	$ 39,490
Treasury stock, carrying basis	$ 169,000
Equity Incentive Plans
Shareholders Equity [Line Items]
Ordinary shares issued upon vesting of restricted shares (in shares)	120,556	144,690	173,286

Severance liabilities (Tables)

12 Months Ended

Jun. 26, 2026

Retirement Benefits [Abstract]

Schedule of Severance Liabilities

The following table provides information regarding severance liabilities:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025
Changes in severance liabilities
Balance, beginning of the fiscal year	$	31,225	$	24,093
Current service cost	3,341		2,975
Interest cost	865		966
Benefit paid	(685)		(2,001)
Unrealized loss (gain) on exchange rate	(855)		3,306
Actuarial (gain) loss on obligation	204		1,886


Balance, end of the fiscal year	$	34,095	$	31,225

Schedule of Future Maturities of Severance Liabilities

The following table sets forth our severance liabilities as of June 26, 2026:


(in thousands)
2027	$	2,319
2028	2,830
2029	2,997
2030	3,782
2031	3,362
Thereafter	18,805

Total	$	34,095

Schedule of Severance Liabilities Recognized in Balance Sheet

The amount recognized in the consolidated balance sheets under current liabilities and non-current liabilities were determined as follows:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Current liabilities	$	2,319	$	—
Non-current liabilities	$	31,776	$	31,225

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The following table provides information regarding accumulated benefit obligations:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Accumulated benefit obligations	$	24,616	$	22,140

Schedule of Principal Actuarial Assumptions Used

The principal actuarial assumptions used were as follows:

Weighted average actuarial assumptions used to determine severance liabilities


	Years Ended
	June 26, 2026	June 27, 2025	June 28, 2024
Discount rate	3.1% - 4.0%	2.9% - 4.1%	3.9% - 5.5%
Future salary increases	3.5% - 10.0%	3.5% - 10.0%	3.5% - 10.0%

Cash, cash equivalents and short-term investments

12 Months Ended

Jun. 26, 2026

Cash and Cash Equivalents [Abstract]

Cash, cash equivalents and short-term investments

The Company’s cash, cash equivalents, and short-term investments by category is as follows:


					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Short-term Investments		Other Investments
As of June 26, 2026
Cash	$	232,210	$	—	$	232,210	$	—	$	—
Cash equivalents	114,501		—		114,501		—		—

Certificates of deposit and time deposits	43,690		560		—		44,250		—
Corporate debt securities	194,798		5,839		—		200,637		—
U.S. agency and U.S. Treasury securities	284,256		(799)		—		283,457		—
Total	$	869,455	$	5,600	$	346,711	$	528,344	$	—
As of June 27, 2025
Cash	$	295,242	$	—	$	295,242	$	—	$	—
Cash equivalents	11,183		—		11,183		—		—

Certificate of deposit and time deposits	144,730		1,022		—		145,752		—
Corporate debt securities	183,076		6,897		—		189,973		—
U.S. agency and U.S. Treasury securities	291,295		799		—		292,094		—
Total	$	925,526	$	8,718	$	306,425	$	627,819	$	—

The cash equivalents include short-term bank deposits, investments in money market funds, and marketable securities with maturities of three months or less at the date of purchase. The effective interest rate on short term bank deposits was 3.7% and 4.2% per annum for the years ended June 26, 2026 and June 27, 2025, respectively.

As of June 26, 2026, the Company had investments in certificates of deposit of $33.2 million and term deposit of $11.0 million which were classified as available-for-sale debt securities. As of June 27, 2025, the Company had investments in certificates of deposit of $125.7 million and term deposit of $20.0 million.

As of June 26, 2026 and June 27, 2025, the Company did not have any held-to-maturity debt securities.

As of June 26, 2026 and June 27, 2025, 83% and 81%, respectively, of our cash and cash equivalents were held by the Parent Company.

The following table summarizes the cost and estimated fair value of debt securities classified as available-for-sale securities based on stated effective maturities as of June 26, 2026 and June 27, 2025:


	June 26, 2026				June 27, 2025
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	43,690	$	44,250	$	128,958	$	129,977
Due between one to five years	479,054		484,094		490,143		497,842
Total	$	522,744	$	528,344	$	619,101	$	627,819

As of June 26, 2026 and June 27, 2025, the Company considered the decline in market value of its available-for-sale debt securities by using the AFS debt security impairment model. The Company typically invests in highly-rated securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires investments generally to be investment grade, with the primary objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio. The Company assessed impairment at the individual security level according to the relevant accounting standard by comparing its fair value/market value with its amortized cost. The Company considered factors such as the failure of the issuer of the security to make scheduled interest and principal payments and any changes to the credit rating of the security by a rating agency. The credit rating of the Company's invested securities is still in compliance with the Company's investment policy. No impairment losses on available-for-sale debt securities were recorded for the year ended June 26, 2026 and June 27, 2025.

Shareholders' equity	12 Months Ended
Shareholders' equity	Jun. 26, 2026
Equity [Abstract]
Shareholders' equity	Shareholders’ equity Share capital Fabrinet’s authorized share capital is 500,000,000 ordinary shares, par value of $0.01 per ordinary share, and 5,000,000 preferred shares, par value of $0.01 per preferred share. For the year ended June 26, 2026, Fabrinet issued 120,556 ordinary shares upon the vesting of restricted share units and performance share units under the Equity Incentive Plans, net of shares withheld. For the year ended June 27, 2025, Fabrinet issued 144,690 ordinary shares upon the vesting of restricted share units and performance share units under the Equity Incentive Plans, net of shares withheld. For the year ended June 28, 2024, Fabrinet issued 173,286 ordinary shares upon the vesting of restricted share units and performance share units under the Equity Incentive Plans, net of shares withheld. All such issued shares are fully paid. Treasury shares In August 2017, the Company’s board of directors approved a share repurchase program to permit the Company to repurchase up to $30.0 million worth of its issued and outstanding ordinary shares in the open market in accordance with applicable rules and regulations. In February 2018, May 2019, August 2020, August 2022, August 2023, August 2024, and January 2025, the Company’s board of directors approved an increase of $30.0 million, $50.0 million, $58.5 million, $78.7 million, $47.6 million, $139.5 million, and $100.0 million, respectively, to the original share repurchase authorization, bringing the aggregate authorization to $534.3 million. During the year ended June 26, 2026, the Company repurchased 13,766 shares under the program at an average price per share (excluding other direct costs) of $379.99, totaling $5.2 million. As of June 26, 2026, the Company had a remaining authorization to repurchase up to $169.0 million of its ordinary shares under the share repurchase program. Shares repurchased under the share repurchase program are held as treasury shares.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Financial instruments	12 Months Ended
Financial instruments	Jun. 26, 2026
Investments, All Other Investments [Abstract]
Financial instruments	Financial instruments Objectives and significant terms and conditions The principal financial risks faced by the Company are foreign currency risk and interest rate risk. The Company borrows at floating rates of interest to finance its operations. A minority of sales and purchases and a majority of labor and overhead costs are entered into in foreign currencies. In order to manage the risks arising from fluctuations in currency exchange rates, the Company uses derivative instruments. Trading for speculative purposes is prohibited under Company policies. The Company enters into short-term foreign currency forward and option contracts to manage foreign currency exposures associated with certain assets, liabilities and other forecasted foreign currency transactions and may designate these instruments as hedging instruments. The foreign currency forward and option contracts generally have maturities of up to twelve months. All foreign currency exchange contracts are recognized on the consolidated balance sheets at fair value. Gain or loss on the Company’s derivative instruments generally offset the assets, liabilities under master netting arrangement and transactions economically hedged. Foreign currency risk The Company operates internationally and is exposed to foreign exchange risk arising from various currency exposures primarily with respect to the Thai baht and RMB.

Trade accounts receivable, net (Tables)

12 Months Ended

Jun. 26, 2026

Receivables [Abstract]

Schedule of Trade Accounts Receivable, Net


(in thousands)	As of June 26, 2026		As of June 27, 2025
Trade accounts receivable	$	1,018,983	$	760,238
Less: Allowance for expected credit losses	(1,050)		(1,344)
Trade accounts receivable, net	$	1,017,933	$	758,894

The following tables summarize the movement in the Company’s expected credit losses during the years ended June 26, 2026, June 27, 2025, and June 28, 2024:


(in thousands)	Expected credit Losses
Balance as of June 30, 2023	$	965
Provision during the year	2,164
Reversal during the year	(1,500)
Balance as of June 28, 2024	1,629
Provision during the year	540
Reversal during the year	(825)
Balance as of June 27, 2025	1,344
Provision during the year	161
Reversal during the year	(455)
Balance as of June 26, 2026	$	1,050

Summary of significant accounting policies (Policies)

12 Months Ended

Jun. 26, 2026

Accounting Policies [Abstract]

Principles of consolidation

The Company utilizes a 52-53 week fiscal year ending on the last Friday in June. Fiscal years 2026, 2025, and 2024 ended on June 26, 2026, June 27, 2025, and June 28, 2024, respectively, and each consisted of 52 weeks.

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include Fabrinet and its subsidiaries. All inter-company accounts and transactions have been eliminated.

Use of estimates

The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amount of total revenues and expenses during the year. The Company bases estimates on historical experience and various assumptions about the future that are believed to be reasonable based on available information. The Company’s reported financial position or results of operations may be materially different under different conditions or when using different estimates and assumptions, particularly with respect to significant accounting policies, which are discussed below. Significant assumptions are used in accounting for share-based compensation, the fair value of warrant shares at grant date, allowance for expected credit losses, income taxes, and inventory obsolescence. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates. In the event that the Company's estimates or assumptions prove to be different from actual results, adjustments will be made in subsequent periods to reflect more current information.

Foreign currency transactions and translation

The consolidated financial statements are presented in United States dollars (“$” or “USD”). The functional currency of Fabrinet and most of its subsidiaries is the USD.

With respect to subsidiaries that use USD as their functional currency, transactions denominated in a currency other than USD are translated into USD at the rates of exchange in effect at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate prevailing at the consolidated balance sheet dates. Transaction gains and losses are included in foreign exchange gain (loss) in the accompanying consolidated statements of operations and comprehensive income.

Fabrinet translates the assets and liabilities of its subsidiaries that do not use USD as their functional currency into USD using exchange rates in effect at the end of each period. Revenue and expenses for such subsidiaries are translated using rates that approximate those in effect during the period. Gains and losses from these translations are recognized in foreign currency translation adjustment included in accumulated other comprehensive income (loss) (“AOCI”) in the Company’s consolidated balance sheets.

Cash and cash equivalents

All highly liquid investments with original maturities of three months or less from the date of purchase are classified as cash equivalents. Cash and cash equivalents consist of cash deposited in checking accounts, time deposits with maturities of three months or less, money market accounts, and short-term investments with maturities of three months or less at the date of purchase.

Short-term investments

Management determines the appropriate classification of its investments at the time of purchase. The maturities of the Company’s short-term investments generally range from three months to three years.

The short-term investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as available-for-sale with any unrealized gains and losses included in AOCI in the consolidated balance sheets. The Company determines realized gains or losses on sale of available-for-sale debt securities on a specific identification method and records such gains or losses as interest income in the consolidated statements of operations and comprehensive income.

Held-to-maturity debt securities require the use of the current expected credit losses (“CECL”) impairment model to assess the expected credit loss. According to the CECL model, the Company requires the immediate recognition of estimated expected credit losses over the life of the financial instrument through the allowance for credit losses account. The allowance for credit losses is a valuation account that is deducted from, or added to, the amortized cost basis of the financial asset to present the net amount expected to be collected on the financial asset. In determining expected credit losses, the Company considers relevant qualitative factors including, but not limited to, term and structure of the instrument, credit rating by rating agencies and historic credit losses adjusted for current conditions and reasonable and supportable forecasts.

Available-for-sale debt securities are required to be individually evaluated for impairment. A security is considered impaired if the fair value of the security is less than its amortized cost basis.

An impairment is considered when (i) the Company has the intent to sell the security, (ii) it is more likely than not that the Company will be required to sell the security before recovery of the entire amortized cost basis, or (iii) the Company does not expect to recover the entire amortized cost basis of the security.

If an impairment is considered based on condition (i) or (ii), the entire difference between the amortized cost and the fair value of the debt security is recognized as interest income and other income (expense), net in the consolidated statements of operations and comprehensive income.

If an impairment is considered based on condition (iii), the amount representing credit losses (defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security) is recognized in interest and other income (expense), net in the consolidated statements of operations and comprehensive income, and any remaining unrealized losses are included in AOCI in the consolidated balance sheets.

Trade accounts receivable

Accounts receivable are recorded and carried at the original invoiced amount less an allowance for any potential uncollectible amounts. The Company estimates expected credit losses for the allowance for expected credit losses based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from customers. The estimated credit loss allowance is recorded as selling, general and administrative expenses in the consolidated statements of operations and comprehensive income.

Contract assets

A contract asset is recognized when the Company has recognized revenues prior to generating an invoice for payment. Contract assets are recognized in the consolidated balance sheets under other current assets and transferred to accounts receivable when rights to payment become unconditional. The Company estimates expected credit losses for the allowance for contract assets based upon its assessment of various factors, including historical experience, the age of the contract assets balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from customers. The estimated credit loss allowance is recorded as selling, general and administrative expenses in the Company's consolidated statements of operations and comprehensive income.

Contract liabilities

A contract liability is recognized when the Company has advance payment arrangements with customers. The contract liabilities balance is normally recognized as revenue within six months.

Inventory

Inventory is stated at the lower of cost or market value. Cost is estimated using the standard costing method, computed on a first-in, first-out basis, with adjustments for variances to reflect actual costs not in excess of net realizable market value. Market value is the estimated selling price in the ordinary course of business, less the costs of completion and selling expenses. The Company assesses the valuation of inventory on a quarterly basis and writes down the value for estimated excess and obsolete inventory based upon estimates of future demand.

Leases

Operating leases

The Company determines if an arrangement contains a lease at inception. The Company applies the guidance in Accounting Standards Codification (“ASC”) 842 to determine whether a contract is, or contains, a lease. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Operating leases are included in operating lease right of use (“ROU”) assets and operating lease liabilities within the Company’s consolidated balance sheets. The Company rents certain real estate under agreements that are classified as operating leases.

Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The Company's leases generally do not provide an implicit rate, nor is the implicit rate readily determinable. When the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payment. The operating lease ROU assets also include any lease payments made and exclude lease incentives and initial direct costs incurred. Variable lease payments are expensed as incurred and are not included within the ROU asset and lease liability calculation. Variable lease payments primarily include reimbursements of costs incurred by lessors for common area maintenance and utilities. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not account for lease components (e.g., fixed payments including rent) separately from the non-lease components (e.g., common-area maintenance costs).

Property, plant and equipment

Land is stated at historical cost. Other property, plant and equipment, except for construction in process and machinery under installation, are stated at historical cost less accumulated depreciation. Repair and maintenance costs are expensed as incurred. Depreciation is calculated using the straight-line method to write-off the cost of each asset to its residual value over its estimated useful life as follows:


Land improvements		10 years
Building and building improvements		5-30 years
Leasehold improvements	Shorter of useful life or lease term
Manufacturing equipment		3-7 years
Office equipment		3-5 years
Motor vehicles		3-5 years
Computer hardware		3-5 years

Construction in process and machinery under installation is stated at historic cost and depreciation begins after it is constructed and fully installed and is ready for its intended use in the operations of the Company.

Gains and losses on disposal are determined by comparing proceeds with carrying amounts and are included in other income in the consolidated statements of operations and comprehensive income.

The Company reviews long-lived assets or asset groups for recoverability on a quarterly basis for any events or changes in circumstances that indicate that their carrying amount may not be recoverable. Recoverability of long-lived assets or asset groups is measured by comparing their carrying amount to the projected undiscounted cash flows that the long-lived assets or asset groups are expected to generate. If such assets are considered to be impaired, the impairment loss recognized, if any, is the amount by which the carrying amount of the long-lived assets exceeds its fair value.

Intangibles

Intangibles are stated at historical cost less amortization. Amortization of other intangibles is calculated using the straight-line method.

Intangible assets are reviewed for impairment quarterly or more frequently whenever changes or circumstances indicate the carrying amount of related assets may not be recoverable.

Treasury shares

Treasury share purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury shares. Gains and losses in excess of par value on the subsequent reissuance of shares are credited or charged to additional paid-in capital in the consolidated balance sheets using the average-cost method.

Borrowing costs

Borrowing costs are accounted for on an accrual basis and are charged to the consolidated statements of operations and comprehensive income in the year incurred, except for interest costs on general and specific borrowings attributable to finance certain qualifying assets. Such costs to finance qualifying assets are capitalized during the period of time that is required to complete and prepare the assets for their intended use, as part of the cost of the assets. All other borrowing costs are expensed as incurred.

Where funds are not borrowed for a specific acquisition, construction or production of assets, the capitalization rate used to determine the amount of interest to be capitalized is the weighted average interest rate applicable to the Company’s outstanding borrowings during the year. Where funds are borrowed specifically for the acquisition, construction or production of assets, the amount of borrowing costs eligible for capitalization on the respective assets is determined as the actual borrowing costs are incurred on that borrowing during the respective periods.

Fair value of financial instruments

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs for the valuation of an asset or liability as of the measurement date. The three levels of inputs that may be used to measure fair value are defined as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs for similar assets and liabilities in active markets other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 inputs that are significant to the fair value measurement and unobservable (i.e. supported by little or no market activity), which require the reporting entity to develop its own valuation techniques and assumptions.

The Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

The carrying amounts of certain financial instruments, which include cash and cash equivalents, trade accounts receivable, contract assets, trade accounts payable, and contract liabilities, approximate their fair values due to their short maturities. The carrying amounts of borrowings approximate their fair values as the applicable interest rate is based on market interest rates. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.

Derivatives

The derivative assets and liabilities are measured at fair value and recognized on the consolidated balance sheets by offsetting the fair value amounts under master netting arrangements. The Company presents derivative assets and liabilities in the consolidated balance sheets as follows:

•A derivative for which the fair value is a net liability is classified in total as current.

•A derivative for which the fair value is a net asset is classified in total as current.

For presentation in consolidated statements of cash flows are classified in the same line item as the underlying item.

The Company applies hedge accounting to arrangements that qualify and are designated for cash flow or fair value hedge accounting treatment. Hedge accounting is discontinued prospectively if the hedging relationship ceases to be effective or the hedging or hedged items cease to exist as a result of maturity, sale, termination or cancellation.

Derivatives designated and qualifying as hedges of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges which include foreign currency forward contracts and interest rate swap. In a cash flow hedging relationship, the change in the fair value of the hedging derivative is initially recorded in AOCI in the consolidated balance sheets, gain or loss on the derivative instrument is reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The reclassified amounts are presented in the same income statement line item as the earnings effect of the hedged item.

In accordance with the fair value measurement guidance, the Company’s accounting policy is to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. The Company executes derivative instruments with financial institutions that are credit-worthy, which the Company defines as institutions that hold an investment grade credit rating.

Concentration of credit risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, short-term investments, derivatives, accounts receivable and contract assets.

Cash, cash equivalents and short-term investments are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate its credit risks by spreading such risks across multiple counterparties and monitoring the risk profiles of these counterparties. The Company limits its short-term investments in marketable securities to securities with a maturity not in excess of three years and securities that are rated A1, P-1, F1, or better.

The Company enters into derivative contracts with financial institutions with reputable credit and monitors the credit profiles of these counterparties.

The Company performs ongoing credit evaluations for credit worthiness of its customers and usually does not require collateral from its customers. Management has implemented a program to closely monitor near term cash collection and credit exposures to mitigate any material losses.

Revenue recognition and sales of finished goods

Revenue recognition

The Company derives revenues primarily from the assembly of products under supply agreements with its customers and the fabrication of customized optics and glass. The Company recognizes revenue relating to contracts with customers that depicts the transfer of promised goods or services to customers in an amount reflecting the consideration to which the Company expects to be entitled in exchange for such goods or services. In order to meet this requirement, the Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations under the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations under the contract, and (5) recognize revenue when a performance obligation is satisfied. Revenue is recognized net of any taxes collected from customers, which is subsequently remitted to governmental authorities.

A performance obligation is a contractual promise to transfer a distinct good or service to the customer. In contracts with multiple performance obligations, the Company identifies each performance obligation and evaluates whether the performance obligation is distinct within the context of the contract at contract inception. The majority of the Company’s contracts have a single performance obligation, as the promise to transfer the individual goods or services is not separately identifiable from other promises under the contracts and, therefore, is not distinct.

Sales of finished goods

The Company manufactures products that are customized to customers’ specifications; however, control of the products is typically transferred to the customer at the point in time the product is either shipped or delivered, depending on the terms of the arrangement, as the criteria for over time recognition are not met. On evaluation of the contracts, the Company identified that there were no contractual rights to bill profit for work in progress in the event of a contract termination, which is expected to be infrequent. Further, in limited circumstances, contracts provide for substantive acceptance by the customer, which results in the deferral of revenue until formal notice of acceptance is received from the customer. Judgment may be required in determining if an acceptance clause provides for substantive acceptance.

Certain customers may request the Company to store finished products at the Company’s warehouse where customers bear risks of loss themselves. In these instances, the Company receives a written request from the customer asking the Company to hold the inventory at the Company’s warehouse and refrain from using the ordered goods to fulfill other customer orders. In these situations, revenue is only recognized when the completed goods are ready for shipment and transferred to the Company’s warehouse.

Customers generally are obligated to purchase finished goods that the Company has manufactured according to their demand requirements. Materials that are not consumed by customers within a specified period of time, or are no longer required due to a product’s cancellation or end-of-life, are typically designated as excess or obsolete inventory under the Company’s contracts. Once materials are designated as either excess or obsolete inventory, customers are typically required to purchase such inventory from the Company even if the customer has chosen to cancel production of the related products. The excess or obsolete inventory is shipped to the customer and revenue is recognized upon shipment.

A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. In determining the net consideration to which the Company expects to be entitled, the Company evaluates whether the price is subject to refund or adjustment. The Company generally does not grant return privileges, except for in the case of defective products during the warranty period. The Company generally provides a warranty of between one to five years on any given product. These standard warranties are assurance-type warranties, and the Company does not offer any services in addition to the assurance that the product will continue to work as specified.

The Company recognized revenue net of rebates and other similar allowances. Revenues are recognized only if these estimates can be reasonably and reliably determined. The Company estimates expected rebates and other similar allowances based on historical results taking into consideration the type of customer, the type of transaction and the specifics of each arrangement. The Company considers such estimated rebates and other similar allowances as variable consideration when allocating the transaction price to the extent it is probable that there will not be a significant reversal of cumulative revenue recognized. The estimate is primarily based on the most likely level of consideration to be paid to the customer under the specific terms of each arrangement.

Services

The Company provides services for customers that are related to the Company’s manufacturing activities. In many cases, although the nature of work performed is that of a service, revenue is only recognized upon shipment of the product because the customer has specific requirements as to how many items can be shipped at any given point in time, i.e. at point-in-time. The related costs are expensed as incurred.

Service revenues of $205.6 million, $174.8 million and $122.6 million were recognized in the consolidated statements of operations and comprehensive income for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively.

Contract Costs

The incremental costs of obtaining a contract with a customer are recognized as an asset (not expensed as incurred) if such costs are expected to be recovered. Incremental costs of obtaining a contract are costs that the Company would not have incurred if the contract had not been obtained (e.g., sales commissions or similar incentive payments linked directly to new or modified customer contracts). Costs that would have been incurred regardless of whether a customer contract was obtained (e.g., costs of pursuing the contract, legal advice, etc.) are expensed as incurred, unless such costs are explicitly chargeable to the customer. During the years ended June 26, 2026, June 27, 2025 and June 28, 2024, the Company did not have any incremental costs of obtaining a contract.

Shipping and Handling

Shipping costs billed to customers are recorded as revenue. Shipping and handling expense related to costs incurred to deliver product are recognized within cost of goods sold. The Company accounts for shipping and handling activities that occur after control has transferred as a fulfillment cost, as opposed to a separate performance obligation, and the costs of shipping and handling are recognized concurrently with the related revenue.

Warranty provision

Provisions for estimated expenses relating to product warranties are made at the time the products are sold using historical experience. Generally, this warranty is limited to workmanship and the Company’s liability is capped at the price of the product. The provisions will be adjusted when experience indicates an expected settlement will differ from initial estimates.

Warranty cost allowances of $0.4 million were recognized in the consolidated statements of operations and comprehensive income for the year ended June 26, 2026. For the years ended June 27, 2025 and June 28, 2024, the Company's warranty cost allowances were an immaterial amount.

Share-based compensation

Share-based compensation is recognized in the consolidated financial statements based on grant-date fair value. The value of the portion of the award that is ultimately expected to vest is recognized as expense ratably over the requisite service period. For restricted share units and performance share units, the fair values are based on the market value of our ordinary shares on the date of grant.

Customer Warrant

Warrants issued to customers are accounted for as equity instruments and measured in accordance with ASC 718, Compensation – Stock Compensation. For awards granted to a customer which are not in exchange for distinct goods or services, the fair value of the awards earned based on service or performance conditions is recorded as a reduction of the transaction price, in accordance with ASC 606, Revenue from Contracts with Customers.

To determine the fair value of warrants in accordance with ASC 718, the Company uses the Black-Scholes option pricing model, based in part on assumptions for which management is required to use judgment. Based on the fair value of the awards, the Company determines the amount of warrant expense based on the customer’s achievement of vesting conditions, which is recorded as a reduction of revenues on the consolidated statement of operations. The dilutive impact of customer warrants is determined using the treasury stock method.

Customer Warrant

Employee contribution plan

The Company operates a defined contribution plan, known as a provident fund, in its subsidiaries in Thailand and the United Kingdom. The assets of these plans are in separate trustee-administered funds. The provident fund is funded by matching payments from employees and by the subsidiaries on a monthly basis. Current contributions to the provident fund are accrued and paid to the fund manager on a monthly basis. The Company sponsors the Fabrinet U.S. 401(k) Retirement Plan, a Defined Contribution Plan under ERISA, at its subsidiaries in the United States, which provides retirement benefits for its eligible employees through tax deferred salary deductions.

Severance liabilities

Under labor protection laws applicable in Thailand and the Company’s subsidiary in Thailand’s employment policy, all employees of such subsidiary with more than 120 days of service are entitled to severance pay on forced termination or retrenchment or in the event that the employee reaches the retirement age of 55. The entitlement to severance pay is determined according to an employee’s individual employment tenure with the Company and is subject to a maximum benefit of 400 days of salary unless otherwise agreed upon in an employee’s employment contract. For employees of other subsidiaries who have a specific termination date, the entitlement to severance pay is determined according to their employment tenure, until their designated termination date.

The Company accounts for these severance liabilities based on an actuarial valuation using the Projected Unit Credit Method, which apply the long-term Thai government bond yield as a discount rate. There are no separate plan assets held in respect to these liabilities.

Severance liabilities are recognized in the Company’s consolidated balance sheet under non-current liabilities. The related expenses, if incurred during the period, are recognized in the Company’s consolidated statements of operations and comprehensive income as selling, general and administrative expenses. Prior service cost is initially recognized to other comprehensive income (loss) at the date of plan amendment. Such prior service cost is amortized as expenses as a component of net periodic pension cost using the weighted average remaining years of service to full eligibility date for active employees.

Annual leave

Employee entitlements to annual leave are recognized when earned by the employee. On termination of employment, accrued employee entitlement to annual leave is paid in cash.

Income taxes

The Company uses the asset and liability method of accounting for income taxes, whereby deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if, based on the weight of the available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Fabrinet’s subsidiaries are subject to income tax audits by the respective tax authorities in all of the jurisdictions in which they operate. The determination of tax liabilities in each of these jurisdictions requires the interpretation and application of complex and sometimes uncertain tax laws and regulations. The Company recognizes liabilities based on its estimate of whether, and the extent to which, additional tax liabilities are more-likely-than-not. If the Company ultimately determines that the payment of such a liability is not probable, then it reverses the liability and recognizes a tax benefit during the period in which the determination is made that the liability is no longer probable. The recognition and measurement of current taxes payable or refundable and deferred tax assets and liabilities requires that the Company makes certain estimates and judgments. Changes to these estimates or a change in judgment may have a material impact on the Company’s tax provision in a future period.

The authoritative guidance provides for recognition of deferred tax assets if the realization of such deferred tax assets is more likely than not to occur based on an evaluation of both positive and negative evidence and the relative weight of the evidence. A company shall reduce its deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is “more likely than not” (i.e., a likelihood of greater than 50 percent) that some portion or all of the deferred tax assets will not be realized. The valuation allowance shall be sufficient to reduce the deferred tax asset to the amount that is more likely than not to be realized. The valuation allowance shall be monitored and considered from all available evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for deferred tax assets is not needed.

The accounting standard clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return.

The Company recognizes a tax benefit in the financial statements for an uncertain tax position only if management’s assessment is that the position is “more likely than not” to be sustained upon examination by the tax jurisdiction based solely on the technical merits of the position. The term “tax position” refers to a position in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for interim or annual periods. The accounting interpretation also provides guidance on measurement methodology, derecognition thresholds, financial statement classification and disclosures, recognition of interest and penalties, and accounting for the cumulative-effect adjustment at the date of adoption.

Non-marketable equity securities

Non-marketable equity securities consists of investment in privately-held company that does not have a readily determinable fair value. These investments are measured at cost minus impairment, if any, and are adjusted for changes resulting from observable price changes in orderly transactions for an identical or similar investment in the same issuer, or the measurement alternative. Fair value is based upon observable inputs in an inactive market and the valuation requires our judgment due to the absence of market prices and inherent lack of liquidity. All gains and losses on these investments, realized and unrealized, are recognized in other income (expense) in the consolidated statements of operations and comprehensive income.

The Company assess whether an impairment loss has occurred on investments in non-marketable equity securities, accounted for under the measurement alternative based on quantitative and qualitative factors. If any impairment is identified for non-marketable equity securities, the Company write down the investment to its fair value and record the corresponding charge through other income (expense) in the consolidated statements of operations and comprehensive income.

The Company evaluated the investment under ASC 323, Investments—Equity Method and Joint Ventures, and determined that it does not have significant influence over its investment operating and financial policies. Accordingly, the investment is not accounted for under the equity method and instead falls within the scope of ASC 321, Investments—Equity Securities.

Adoption of New Accounting Standards and New Accounting Standards—not yet adopted by the Company

Adoption of New Accounting Standards

In December 2023, the FASB issued Accounting Standards Updates (“ASU”) 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures,” which requires more detailed income tax disclosures. This ASU requires entities to disclose disaggregated information about their effective tax rate reconciliation as well as expanded information on income taxes paid by jurisdiction. Public entities were required to adopt the new guidance for fiscal years beginning after December 15, 2024, with early adoption permitted for annual financial statements that have not yet been issued or made available for issuance. The Company adopted on a prospective basis for fiscal year ended June 26, 2026.

New Accounting Standards—not yet adopted by the Company

In November 2024, the FASB issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), Disaggregation of Income Statement Expenses,” which requires additional disclosure, in notes to financial statements, of specified information about certain costs and expenses in the same tabular format disclosure as the other disaggregation requirements in the amendments in this ASU. This ASU is effective for all entities for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. This ASU is effective for the Company's annual periods beginning June 26, 2027, and interim periods beginning July 1, 2028. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures, including whether to apply the ASU retrospectively or prospectively.

Contract Assets and Liabilities

A contract asset is recognized when the Company has recognized revenues, but has not yet issued an invoice to its customer for payment. Contract assets are recognized in the consolidated balance sheets under other current assets and transferred to accounts receivable when rights to payment become unconditional. No impairment for contract assets was recorded for the years ended June 26, 2026, June 27, 2025 and June 28, 2024.

As of June 26, 2026 and June 27, 2025, the Company's contract assets were immaterial amount.

A contract liability is recognized when the Company has advance payment arrangements with customers. Contract liabilities are recognized in the consolidated balance sheets under other payables. The contract liabilities balance is normally recognized as revenue within six months.

Cash, cash equivalents and short-term investments (Tables)

12 Months Ended

Jun. 26, 2026

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents, and Short-Term Investments

The Company’s cash, cash equivalents, and short-term investments by category is as follows:


					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Short-term Investments		Other Investments
As of June 26, 2026
Cash	$	232,210	$	—	$	232,210	$	—	$	—
Cash equivalents	114,501		—		114,501		—		—

Certificates of deposit and time deposits	43,690		560		—		44,250		—
Corporate debt securities	194,798		5,839		—		200,637		—
U.S. agency and U.S. Treasury securities	284,256		(799)		—		283,457		—
Total	$	869,455	$	5,600	$	346,711	$	528,344	$	—
As of June 27, 2025
Cash	$	295,242	$	—	$	295,242	$	—	$	—
Cash equivalents	11,183		—		11,183		—		—

Certificate of deposit and time deposits	144,730		1,022		—		145,752		—
Corporate debt securities	183,076		6,897		—		189,973		—
U.S. agency and U.S. Treasury securities	291,295		799		—		292,094		—
Total	$	925,526	$	8,718	$	306,425	$	627,819	$	—

Summary of Cost and Estimated Fair Value of Short-term Investments Classified as Available-for-Sale Securities


	June 26, 2026				June 27, 2025
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	43,690	$	44,250	$	128,958	$	129,977
Due between one to five years	479,054		484,094		490,143		497,842
Total	$	522,744	$	528,344	$	619,101	$	627,819

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Revenues from contracts with customers (Tables)

12 Months Ended

Jun. 26, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Activity in the Company's Contract Assets and Contract Liabilities

The following tables summarize the activity in the Company’s contract liabilities during the years ended June 26, 2026, June 27, 2025, and June 28, 2024:


(in thousands)	Contract Liabilities
Balance as of June 30, 2023	$	3,036
Advance payment received during the year	11,069
Revenue recognized	(6,259)
Balance as of June 28, 2024	$	7,846
Advance payment received during the year	23,640
Revenue recognized	(17,019)
Balance as of June 27, 2025	$	14,467
Advance payment received during the year	73,273
Revenue recognized	(83,503)
Balance as of June 26, 2026	$	4,237

Schedule of Disaggregation of Revenue by Geographical Regions

The following table presents total revenues by geographic regions:


	Years Ended
(in thousands, except percentages)	June 26, 2026		As a % of Total Revenues		June 27, 2025		As a % of Total Revenues		June 28, 2024		As a % of Total Revenues





Asia-Pacific and others
Thailand	$	2,842,089			$	2,123,346			$	1,817,517
Singapore	254,710				220,282				200,494
Malaysia	113,926				39,275				33,853




China	88,373				58,881				62,088
Israel	54,832				34,802				15,626
Japan	38,040				34,419				21,586

Others	35,509				30,994				94,431
Total revenue in Asia-Pacific and others	3,427,479		73.9	%	2,541,999		74.3	%	2,245,595		77.9	%
North America
U.S.	965,419				679,546				481,664
Mexico	70,565				45,514				34,958
Others (1)	18,261				12,951				7,104
Total revenue in North America	1,054,245		22.7		738,011		21.6		523,726		18.2
Europe
Germany	49,289				45,015				42,542
U.K.	36,542				25,327				15,554

Others	73,542				68,975				55,550
Total revenue in Europe	159,373		3.4		139,317		4.1		113,646		3.9
Total revenue	$	4,641,097	100.0	%	$	3,419,327	100.0	%	$	2,882,967	100.0	%

(1) Others includes Cayman Islands, our country of domicile. For each year presented, we had no revenue attributed to customers in the Cayman Islands.

Schedule of Revenues by End Market

The following table presents revenues by end market and product category.


(in thousands, except percentages)	Year ended June 26, 2026		As a % of Total Revenues		Year ended June 27, 2025		As a % of Total Revenues		Year ended June 28, 2024		As a % of Total Revenues




Data center (1)	$	2,225,081	47.9	%	$	1,579,915	46.2	%	$	1,529,693	53.1	%




Communications infrastructure (2)	1,546,403		33.3		1,049,397		30.7		767,368		26.6





Automotive, Industrial and Others (3)	869,613		18.8		790,015		23.1		585,906		20.3
Total revenue	$	4,641,097	100.0	%	$	3,419,327	100.0	%	$	2,882,967	100.0	%

(1) Data center includes data center interconnect (DCI), high-performance computing (HPC), and other data center-specific applications.

(2) Communications infrastructure includes communications and networking products that are not specific to data center applications, primarily telecommunications products excluding DCI.

(3) Automotive, Industrial and Others includes products serving automotive components, industrial, medical devices and sensors.

Commitments and contingencies (Details) ฿ in Millions, ¥ in Millions, $ in Millions	Aug. 17, 2026 USD ($)	Aug. 17, 2026 THB (฿)	Jun. 28, 2024 CNY (¥)	Aug. 17, 2026 THB (฿)	Jun. 26, 2026 USD ($)	Jun. 26, 2026 THB (฿)	Jun. 26, 2026 CNY (¥)	Jun. 27, 2025 USD ($)	Jun. 27, 2025 THB (฿)	Feb. 28, 2025 USD ($)	Feb. 28, 2025 THB (฿)	Dec. 27, 2024 USD ($)	Mar. 09, 2023 USD ($)	Sep. 27, 2019 USD ($)	Aug. 20, 2019 USD ($)	Aug. 20, 2019 THB (฿)
Loss Contingencies [Line Items]
Outstanding commitment to third parties										$ 132.5	฿ 4,450.0
Line of credit facility borrowing capacity															$ 160.9
Bank of Ayudhya Public Company Limited \| Credit Facility Agreement
Loss Contingencies [Line Items]
Line of credit facility borrowing capacity														$ 3.6		฿ 110.0
Subsequent Event
Loss Contingencies [Line Items]
Line of credit facility borrowing capacity	$ 100.0
Subsequent Event \| Bank of Ayudhya Public Company Limited \| Credit Facility Agreement
Loss Contingencies [Line Items]
Line of credit facility borrowing capacity	78.3			฿ 2,610.0
Principal amount	$ 75.0	฿ 2,500.0
Ngan In Leng and First Laser Limited
Loss Contingencies [Line Items]
Obligations of liabilities \| ¥			¥ 400.0
2023 credit facility agreement \| Line of credit
Loss Contingencies [Line Items]
Line of credit facility borrowing capacity												$ 30.0	$ 55.0
Long term debt outstanding					$ 0.0
Service coverage ratio, minimum at payment of a dividend													1.5
Maximum debt to equity ratio													1.0
Thailand
Loss Contingencies [Line Items]
Outstanding bank guarantees given by banks on behalf of the company					2.5	฿ 83.3		$ 2.3	฿ 75.7
Outstanding commitment to third parties					108.1
China
Loss Contingencies [Line Items]
Outstanding bank guarantees given by banks on behalf of the company					0.7		¥ 4.8
China \| Bank guarantees
Loss Contingencies [Line Items]
Amount of cash collateral								$ 0.7
Inventories
Loss Contingencies [Line Items]
Outstanding commitment to third parties					$ 3,150.0

Summary of significant accounting policies (Tables)

12 Months Ended

Jun. 26, 2026

Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment, Estimated Useful Life

Depreciation is calculated using the straight-line method to write-off the cost of each asset to its residual value over its estimated useful life as follows:


Land improvements		10 years
Building and building improvements		5-30 years
Leasehold improvements	Shorter of useful life or lease term
Manufacturing equipment		3-7 years
Office equipment		3-5 years
Motor vehicles		3-5 years
Computer hardware		3-5 years

Inventories (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Inventory Disclosure [Abstract]
Raw materials	$ 374,773	$ 145,128
Work in progress	568,300	377,736
Finished goods	30,967	33,016
Goods in transit	47,195	25,135
Inventories	$ 1,021,235	$ 581,015

Summary of significant accounting policies

12 Months Ended

Jun. 26, 2026

Accounting Policies [Abstract]

Summary of significant accounting policies

Principles of consolidation

Use of estimates

Foreign currency transactions and translation

The consolidated financial statements are presented in United States dollars (“$” or “USD”). The functional currency of Fabrinet and most of its subsidiaries is the USD.

Cash and cash equivalents

Short-term investments

Available-for-sale debt securities are required to be individually evaluated for impairment. A security is considered impaired if the fair value of the security is less than its amortized cost basis.

Trade accounts receivable

Contract assets

Contract liabilities

A contract liability is recognized when the Company has advance payment arrangements with customers. The contract liabilities balance is normally recognized as revenue within six months.

Inventory

Leases

Operating leases

Property, plant and equipment


Land improvements		10 years
Building and building improvements		5-30 years
Leasehold improvements	Shorter of useful life or lease term
Manufacturing equipment		3-7 years
Office equipment		3-5 years
Motor vehicles		3-5 years
Computer hardware		3-5 years

Gains and losses on disposal are determined by comparing proceeds with carrying amounts and are included in other income in the consolidated statements of operations and comprehensive income.

Intangibles

Intangibles are stated at historical cost less amortization. Amortization of other intangibles is calculated using the straight-line method.

Intangible assets are reviewed for impairment quarterly or more frequently whenever changes or circumstances indicate the carrying amount of related assets may not be recoverable.

Treasury shares

Borrowing costs

Fair value of financial instruments

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Derivatives

•A derivative for which the fair value is a net liability is classified in total as current.

•A derivative for which the fair value is a net asset is classified in total as current.

For presentation in consolidated statements of cash flows are classified in the same line item as the underlying item.

Concentration of credit risk

The Company enters into derivative contracts with financial institutions with reputable credit and monitors the credit profiles of these counterparties.

Revenue recognition

Sales of finished goods

Services

Contract Costs

Shipping and Handling

Warranty provision

Share-based compensation

Customer Warrant

Employee contribution plan

Severance liabilities

Annual leave

Employee entitlements to annual leave are recognized when earned by the employee. On termination of employment, accrued employee entitlement to annual leave is paid in cash.

Income taxes

Non-marketable equity securities

Adoption of New Accounting Standards

New Accounting Standards—not yet adopted by the Company

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 26, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Non-marketable equity securities (Tables)

12 Months Ended

Jun. 26, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Carrying Value of Non-Marketable Equity Securities

Adjustments to the carrying value of our non-marketable equity securities during fiscal years 2026 was as follows:


(in thousands)	As of June 26, 2026
Balance at beginning of period	$	—
Adjustments related to non-marketable equity securities
Net additions	32,360
Unrealized gains	56,743
Impairments and unrealized losses	—
Balance at end of period	$	89,103

Property, plant and equipment, net (Tables)

12 Months Ended

Jun. 26, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The components of property, plant and equipment, net were as follows:


(in thousands)	Land and Land Improvements		Building and Building Improvements		Manufacturing Equipment		Office Equipment		Motor Vehicles		Computers		Construction and Machinery Under Installation		Total
As of June 26, 2026
Cost	$	68,675	$	330,841	$	512,821	$	7,801	$	1,410	$	38,668	$	82,006	$	1,042,222
Less: Accumulated depreciation	(949)		(102,041)		(293,870)		(5,892)		(935)		(23,189)		—		(426,876)
Less: Impairment reserve	—		—		(279)		—		—		—		—		(279)
Net book value	$	67,726	$	228,800	$	218,672	$	1,909	$	475	$	15,479	$	82,006	$	615,067
As of June 27, 2025
Cost	$	61,534	$	222,640	$	374,322	$	6,395	$	1,296	$	30,736	$	51,048	$	747,971
Less: Accumulated depreciation	(635)		(92,478)		(248,833)		(5,502)		(904)		(18,690)		—		(367,042)
Less: Impairment reserve	—		—		(289)		—		—		—		—		(289)
Net book value	$	60,899	$	130,162	$	125,200	$	893	$	392	$	12,046	$	51,048	$	380,640

Business segments and geographic information

12 Months Ended

Jun. 26, 2026

Segment Reporting [Abstract]

Business segments and geographic information

The Company manages its business activities on a consolidated basis and operates as a single operating segment. The Company’s chief operating decision maker (“CODM”) is Fabrinet’s Chief Executive Officer.

The CODM utilizes U.S. GAAP and non-U.S. GAAP measures of profit and loss to evaluate the Company’s financial performance, allocate resources, make key operating decisions, and compare actual results to forecasts. The CODM reviews and utilizes functional expenses (cost of revenue, and selling, general and administrative expenses) at the consolidated level to manage the Company’s operations. Other items included in U.S. GAAP and non-U.S. GAAP net income are interest income, other income (expense), net and income tax expense, which are reflected in the consolidated statements of operations and comprehensive income. The measure of segment assets is reported on the consolidated balance sheets as total assets, although the CODM does not evaluate asset information for purposes of allocating resources or evaluating performance.

The following table provides information about the Company's revenue, significant segment expenses and other segment expenses:


	Years Ended
(in thousands of U.S. dollars, except per share data)	June 26, 2026		June 27, 2025		June 28, 2024
Revenues	$	4,641,097	$	3,419,327	$	2,882,967
Cost of revenues	(4,084,586)		(3,005,978)		(2,526,849)
Gross profit	556,511		413,349		356,118
Selling, general and administrative expenses	(93,507)		(87,466)		(78,481)
Restructuring and other related costs	(117)		(1,436)		(32)
Operating income	462,887		324,447		277,605
Interest income	32,418		40,162		33,204
Interest expense	(84)		—		(124)
Foreign exchange gain (loss), net	2,866		(9,251)		382
Other income (expense), net	57,026		(178)		287
Income before income taxes	555,113		355,180		311,354
Income tax expense	(82,086)		(22,653)		(15,173)
Net income	473,027		332,527		296,181

For the Company’s revenues by geographic region, see “Revenue by Geographic Area and End Market” in Note 3.

The following table presents long-lived assets by the country in which they are based:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Long-Lived Assets:
Thailand	$	562,044	$	338,127	$	261,378
U.S.	35,610		30,374		31,383
China	18,698		14,378		16,618
Israel	2,149		2,727		2,269
Others	540		802		928
Total	619,041		386,408		312,576

Significant customers

Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:


	Years Ended
	June 26, 2026		June 27, 2025		June 28, 2024
Cisco Systems, Inc.	19.9	%	18.2	%	13.4	%
NVIDIA Corporation	16.3	%	27.6	%	35.1	%
Nokia Corporation	10.7	%	*		*
Amazon.com, Inc.	10.5	%	*		*

* Represents less than 10% of total revenues.

Accounts receivable from individual customers representing 10% or more of accounts receivable as of June 26, 2026 and June 27, 2025, respectively, were as follows:


	As of June 26, 2026		As of June 27, 2025
Cisco Systems, Inc.	16.1	%	13.7	%
Nokia Corporation	14.2	%	12.0	%
Amazon.com, Inc.	11.5	%	*
NVIDIA Corporation	*		25.5	%

* Represents less than 10% of total accounts receivable.

- Definition

The entire disclosure for segment reporting.

+ References

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+ Details

Intangibles - Schedule of Estimated Future Amortization of Intangibles Assets (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Intangible Asset, Goodwill and Other [Abstract]
2027	$ 875
2028	711
2029	503
2030	281
2031	88
Net	$ 2,458	$ 2,156

Income taxes - Schedule of Effective Tax Rate (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Income Taxes [Line Items]
Income before income taxes	$ 555,113	$ 355,180	$ 311,354
Thailand statutory tax rate		20.00%	20.00%
Tax expense calculated at a statutory corporate income tax rate of 20%		$ 71,036	$ 62,271
Effect of income taxes from locations with tax rates different from Thailand		(1,197)	(945)
Income not subject to tax		(62,032)	(62,940)
Income tax on unremitted earnings		1,521	1,488
Non-deductible expenses	(4,948)	9,045	10,347
Foreign operations		2,426	(600)
Tax rebate from research and development application		(211)	17
Provision for uncertain income tax position		678	1,131
Utilization of loss and tax credits carryforward		0	0
Changes in valuation allowance		0	3,759
Others		1,387	645
Total income tax expense	$ 82,086	$ 22,653	$ 15,173
Income not subject to tax per ordinary share on a diluted basis (in USD per share)	$ 2.24	$ 1.71	$ 1.72
Tax Jurisdiction of Domicile [Extensible Enumeration]	Thailand	Thailand
Domestic tax jurisdiction
Income Taxes [Line Items]
Income not subject to tax	$ (388,100)	$ (263,000)	$ (306,000)

Earnings per ordinary share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Earnings Per Share [Abstract]
Net income attributable to shareholders	$ 473,027	$ 332,527	$ 296,181
Weighted-average number of ordinary shares outstanding	35,815	36,017	36,246
Incremental shares arising from the assumed exercise of share options and vesting of restricted share units and performance share units	232	241	318
Incremental shares arising from the assumed vesting of customer warrant	205	9	0
Weighted-average number of ordinary shares for diluted earnings per ordinary share	36,252	36,267	36,564
Basic earnings per ordinary share (in USD per share)	$ 13.21	$ 9.23	$ 8.17
Diluted earnings per ordinary share (in USD per share)	$ 13.05	$ 9.17	$ 8.10
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)	1	0	0

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

Employee benefit plans	12 Months Ended
Employee benefit plans	Jun. 26, 2026
Retirement Benefits [Abstract]
Employee benefit plans	Employee benefit plans Employee contribution plan The Company operates a defined contribution plan, known as a provident fund, in its subsidiaries in Thailand and the United Kingdom. The assets of these plans are in separate trustee-administered funds. The provident fund is funded by matching payments from employees and by the subsidiaries on a monthly basis. Current contributions to the provident fund are accrued and paid to the fund manager on a monthly basis. The Company’s contributions to the provident fund amounted to $9.6 million, $8.0 million and $7.0 million during the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively. The Company sponsors the Fabrinet U.S. 401(k) Retirement Plan (“401(k) Plan”), a Defined Contribution Plan under ERISA, at its subsidiaries in the United States which provides retirement benefits for eligible employees through tax deferred salary deductions. The 401(k) Plan allows employees to contribute up to 80% of their annual compensation, subject to annual contributions limits established by the Internal Revenue Service. The Company provides for a 100% match of employees’ contributions to the 401(k) Plan up to the first 6% of annual compensation. All matching contributions are made in cash and vest immediately. The Company’s matching contributions to the 401(k) Plan were $1.3 million, $1.1 million and $1.0 million during the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively. Executive incentive plan and employee performance bonuses For the years ended June 26, 2026 and June 27, 2025, the Company maintained an executive incentive plan with quantitative objectives, based on achieving certain revenue and non-U.S. GAAP operating margin or gross margin targets. During the years ended June 26, 2026, June 27, 2025 and June 28, 2024, discretionary merit-based bonus awards were also available to Fabrinet’s non-executive employees. Bonus distributions to employees were $16.5 million, $14.5 million and $13.5 million for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Severance liabilities - Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Retirement Benefits [Abstract]
Accumulated benefit obligations	$ 24,616	$ 22,140

Earnings per ordinary share (Tables)

12 Months Ended

Jun. 26, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Ordinary Share

Earnings per ordinary share was calculated as follows:


	Years Ended
(in thousands, except per share data)	June 26, 2026		June 27, 2025		June 28, 2024
Net income attributable to shareholders	$	473,027	$	332,527	$	296,181
Weighted-average number of ordinary shares outstanding	35,815		36,017		36,246
Incremental shares arising from the assumed exercise of share options and vesting of restricted share units and performance share units	232		241		318
Incremental shares arising from the assumed vesting of customer warrant	205		9		—
Weighted-average number of ordinary shares for diluted earnings per ordinary share	36,252		36,267		36,564
Basic earnings per ordinary share	$	13.21	$	9.23	$	8.17
Diluted earnings per ordinary share	$	13.05	$	9.17	$	8.10
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares) (1)	1		—		—

(1) These performance share units were not included in the computation of diluted earnings per ordinary share because they are not expected to vest based on the Company’s current assessment of the related performance obligations.

Income taxes - Schedule of Changes in Valuation Allowances of Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Reconciliation Of Nol Deferred Tax Assets Valuation Allowance [Roll Forward]
Beginning Balance	$ 3,481	$ 3,613	$ 3,824
Additional	2,087	823	3,613
Reduction	0	(955)	(3,824)
Ending Balance	$ 5,568	$ 3,481	$ 3,613

Accumulated other comprehensive income (loss) ("AOCI") (Tables)

12 Months Ended

Jun. 26, 2026

Equity [Abstract]

Schedule of Changes in AOCI, Net of Tax


(in thousands)	Unrealized Gains (Losses) on Available-for-sale Securities		Unrealized Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustment		Total
Balance as of June 28, 2024	$	(1,179)	$	(980)	$	(982)	$	(3,141)
Other comprehensive income (loss) before reclassification	9,893		5,075		1,228		16,196
Amounts reclassified from AOCI	—		(2,364)		—		(2,364)
Tax effects	—		(397)		—		(397)
Other comprehensive income (loss)	9,893		2,314		1,228		13,435
Balance as of June 27, 2025	8,714		1,334		246		10,294
Other comprehensive income (loss) before reclassification	(3,118)		(11,837)		(114)		(15,069)
Amounts reclassified from AOCI	—		4,751		—		4,751
Tax effects	—		992		—		992
Other comprehensive income (loss)	(3,118)		(6,094)		(114)		(9,326)
Balance as of June 26, 2026	$	5,596	$	(4,760)	$	132	$	968

Schedule of Pre-Tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations and Comprehensive Income

The following table presents the pre-tax amounts reclassified from AOCI into the consolidated statements of operations and comprehensive income for the years ended June 26, 2026 and June 27, 2025, respectively.


(in thousands)		Years Ended
AOCI components	Financial statements line item	June 26, 2026		June 27, 2025

Unrealized gains (losses) on derivative instruments	Cost of revenues	$	3,333	$	(1,588)
Unrealized gains (losses) on derivative instruments	Selling, general and administrative expenses	252		(122)
Unrealized gains (losses) on derivative instruments	Foreign exchange gain (loss), net	1,166		(654)


Total amounts reclassified from AOCI		$	4,751	$	(2,364)

Trade accounts receivable, net

12 Months Ended

Jun. 26, 2026

Receivables [Abstract]

Trade accounts receivable, net


(in thousands)	As of June 26, 2026		As of June 27, 2025
Trade accounts receivable	$	1,018,983	$	760,238
Less: Allowance for expected credit losses	(1,050)		(1,344)
Trade accounts receivable, net	$	1,017,933	$	758,894

The following tables summarize the movement in the Company’s expected credit losses during the years ended June 26, 2026, June 27, 2025, and June 28, 2024:


(in thousands)	Expected credit Losses
Balance as of June 30, 2023	$	965
Provision during the year	2,164
Reversal during the year	(1,500)
Balance as of June 28, 2024	1,629
Provision during the year	540
Reversal during the year	(825)
Balance as of June 27, 2025	1,344
Provision during the year	161
Reversal during the year	(455)
Balance as of June 26, 2026	$	1,050

Inventories (Tables)

12 Months Ended

Jun. 26, 2026

Inventory Disclosure [Abstract]

Schedule of Inventory


(in thousands)	As of June 26, 2026		As of June 27, 2025
Raw materials	$	374,773	$	145,128
Work in progress	568,300		377,736
Finished goods	30,967		33,016
Goods in transit	47,195		25,135
Inventories	$	1,021,235	$	581,015

Income taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Income Tax Disclosure [Abstract]
Current	$ 84,223	$ 27,812	$ 11,993
Deferred	(2,137)	(5,159)	3,180
Total income tax expense	$ 82,086	$ 22,653	$ 15,173

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

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-Topic 280
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-Section 50
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+ Details

Revenues from contracts with customers - Additional Information (Details)	12 Months Ended
	Jun. 26, 2026 USD ($) region	Jun. 27, 2025 USD ($)	Jun. 28, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Impairment for contract assets	$ 0	$ 0	$ 0
Contract assets	0	0
Adjustment to revenue, customer warrant	$ 4,800,000	$ 4,100,000
Number of geographic regions \| region	3

Share-based compensation - Schedule of Estimated Assumptions in Per Share Fair Value Calculation (Details) - Warrant	Mar. 12, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%
Risk-free interest rate	3.80%
Expected volatility	45.20%
Expected term (in years)	7 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Income taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended				60 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Jun. 30, 2023	Jun. 27, 2025	Jun. 24, 2022	Jun. 25, 2021	Jun. 26, 2020
Income Taxes [Line Items]
Thailand statutory tax rate		20.00%	20.00%
Valuation allowance	$ 5,568	$ 3,481	$ 3,613	$ 3,824	$ 3,481
Deferred tax liabilities	2,511	2,141			$ 2,141
Accrued interest and penalties related to uncertain tax positions	$ 400
Interest and penalties recorded		100	200
Thailand
Income Taxes [Line Items]
Tax exempt income					50.00%
Preferential tax treatment period	8 years
Income tax exemption, period	15 years
Reduced corporate income tax rate	20.00%
Thailand statutory tax rate	20.00%
Unremitted earnings	$ 198,300	167,900			$ 167,900
Unrecognized deferred tax liabilities	17,100	16,900			16,900
China
Income Taxes [Line Items]
Deferred tax liabilities	$ 1,800	1,500			1,500
China \| Subsidiaries
Income Taxes [Line Items]
Thailand statutory tax rate	25.00%
U.S. \| Subsidiaries
Income Taxes [Line Items]
Thailand statutory tax rate	21.00%
U.K.
Income Taxes [Line Items]
Valuation allowance			1,000	3,800		$ 4,900	$ 2,100	$ 1,600
Valuation allowance released				$ 1,600
U.K. \| Subsidiaries
Income Taxes [Line Items]
Thailand statutory tax rate	25.00%
Israel
Income Taxes [Line Items]
Valuation allowance	$ 2,100	$ 800	$ 2,700		$ 800
Israel \| Subsidiaries
Income Taxes [Line Items]
Thailand statutory tax rate	23.00%

Summary of significant accounting policies - Schedule of Property, Plant and Equipment, Estimated Useful Life (Details)	Jun. 26, 2026
Land improvements
Statement [Line Items]
Estimated useful life	10 years
Building and building improvements \| Minimum
Statement [Line Items]
Estimated useful life	5 years
Building and building improvements \| Maximum
Statement [Line Items]
Estimated useful life	30 years
Manufacturing equipment \| Minimum
Statement [Line Items]
Estimated useful life	3 years
Manufacturing equipment \| Maximum
Statement [Line Items]
Estimated useful life	7 years
Office equipment \| Minimum
Statement [Line Items]
Estimated useful life	3 years
Office equipment \| Maximum
Statement [Line Items]
Estimated useful life	5 years
Motor vehicles \| Minimum
Statement [Line Items]
Estimated useful life	3 years
Motor vehicles \| Maximum
Statement [Line Items]
Estimated useful life	5 years
Computer hardware \| Minimum
Statement [Line Items]
Estimated useful life	3 years
Computer hardware \| Maximum
Statement [Line Items]
Estimated useful life	5 years

Fair value of financial instruments

12 Months Ended

Jun. 26, 2026

Fair Value Disclosures [Abstract]

Fair value of financial instruments

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is established, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs for the valuation of an asset or liability as of the measurement date. The three levels of inputs that may be used to measure fair value are defined as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for assets or liabilities, either directly or indirectly. If the assets or liabilities have a specified (contractual) term, Level 2 inputs must be observable for substantially the full term of assets or liabilities.

Level 3 inputs are unobservable inputs for assets or liabilities, which require the reporting entity to develop its own valuation techniques and assumptions.

The following table provides details of the financial instruments measured at fair value on a recurring basis, including:


	Fair Value Measurements at Reporting Date Using
(in thousands)	Level 1		Level 2			Level 3		Total
As of June 26, 2026
Assets
Cash equivalents	$	—	$	114,501		$	—	$	114,501

Certificates of deposit and time deposits	—		44,250			—		44,250
Corporate debt securities	—		200,637			—		200,637
U.S. agency and U.S. Treasury securities	—		283,457			—		283,457
Derivative assets - current portion	—		0		(1)	—		—

Total	$	—	$	642,845		$	—	$	642,845
Liabilities
Derivative liabilities - current portion	$	—	$	(9,084)	(2)	$	—	$	(9,084)

Total	$	—	$	(9,084)		$	—	$	(9,084)


	Fair Value Measurements at Reporting Date Using
(in thousands)	Level 1		Level 2			Level 3		Total
As of June 27, 2025
Assets
Cash equivalents	$	—	$	11,183		$	—	$	11,183

Certificates of deposit and time deposits	—		145,752			—		145,752
Corporate debt securities	—		189,973			—		189,973
U.S. agency and U.S. Treasury securities	—		292,094			—		292,094
Derivative assets - current portion	—		2,961		(3)	—		2,961
Total	$	—	$	641,963		$	—	$	641,963
Liabilities
Derivative liabilities - current portion	$	—	$	(105)	(4)	$	—	$	(105)

Total	$	—	$	(105)		$	—	$	(105)

(1)Foreign currency forward contract with a notional amount of $1.0 million.

(2)Foreign currency forward contracts with an aggregate notional amount of $279.0 million and 0.3 million Canadian dollars.

(3)Foreign currency forward contracts with an aggregate notional amount of $130.0 million and 0.5 million Canadian dollars.

(4)Foreign currency forward contracts with an aggregate notional amount of $35.0 million

Derivative Financial Instruments

The Company utilizes derivative financial instruments to hedge foreign exchange risk associated with certain foreign currency denominated assets and liabilities and other foreign currency transactions.

The Company minimizes the credit risk associated with its derivative instruments by limiting the exposure to any single counterparty and by entering into derivative instruments only with counterparties that meet the Company’s minimum credit quality standard.

Foreign Currency Forward and Option Contracts

As a result of foreign currency rate fluctuations, the U.S. dollar equivalent values of the Company’s foreign currency denominated assets and liabilities fluctuate. The Company uses foreign currency forward and option contracts to manage the foreign exchange risk associated with a portion of its foreign currency denominated assets and liabilities and other foreign currency transactions. The Company enters into foreign currency forward and option contracts to hedge fluctuations in the U.S. dollar value of forecasted transactions denominated in Thai baht and Canadian dollars with counterparties that meet the Company’s minimum credit quality standard.

The Company may enter into foreign currency forward contracts with maturities of up to 12 months to hedge fluctuations in the U.S. dollar value of forecasted transactions denominated in Thai baht, including inventory purchases, payroll and other operating expenses. The Company considers these forward contracts as dual-purpose hedges, that hedge both the foreign exchange fluctuation (i) from inception through the forecasted expenditure, and (ii) any subsequent revaluation of the account payable or accrual. The Company may designate the forward contracts that hedge the foreign exchange fluctuation from inception through the forecasted expenditure as cash flow hedges. The gain or loss on a derivative instrument designated and qualified as a cash flow hedging instrument is recorded as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The reclassified amounts are presented in the same income statement line item as the earnings effect of the hedged item. Once the forecasted transactions are recorded, the Company will discontinue the hedging relationship by de-designating the derivative instrument and recording subsequent changes in fair value through contract maturity to foreign exchange gain (loss), net in the consolidated statements of operations and comprehensive income as a natural hedge against the Thai baht denominated assets and liabilities.

The Company may also enter into non-designated foreign currency forward and option contracts to provide an offset to the re-measurement of foreign currency denominated assets and liabilities and to hedge certain forecasted exposures. Changes in the fair value of these non-designated derivatives are recorded through foreign exchange gain (loss), net in the consolidated statements of operations and comprehensive income.

As of June 26, 2026, the Company had 272 outstanding U.S. dollar foreign currency forward contracts against Thai baht with an aggregate notional amount of $280.0 million and with maturity dates ranging from July 2026 through December 2026, and one foreign currency contract with a notional amount of 0.3 million Canadian dollars and with a maturity date in September 2026.

As of June 27, 2025, the Company had 165 outstanding U.S. dollar foreign currency forward contracts against Thai baht with an aggregate notional amount of $165.0 million and with maturity dates ranging from July 2025 through December 2025, and one foreign currency contract with a notional amount of 0.5 million Canadian dollars and with a maturity date in September 2025.

As of June 26, 2026, the hedging relationship over foreign currency forward contracts which were designated for hedge accounting had been tested to be highly effective based on the performance of retrospective and prospective regression testing. As of June 26, 2026, the amount in AOCI that is expected to be reclassified into earnings within 12 months as loss was $5.6 million.

During the year ended June 26, 2026 and June 27, 2025, the Company included an unrealized loss of $2.8 million and an unrealized gain of $1.9 million, respectively, from changes in fair value of foreign currency forward and option contracts which were not designated for hedge accounting in earnings as foreign exchange gain (loss), net in the consolidated statements of operations and comprehensive income.

The following table provides a summary of the impact of derivative gain (loss) of the Company’s foreign currency forward contracts and interest rate swaps which were designated as cash flow hedges on the consolidated statements of operations and other comprehensive income:


		Year Ended
(in thousands)	Financial statements line item	June 26, 2026		June 27, 2025
Derivatives gain (loss) recognized in other comprehensive income (loss):
Foreign currency forward contracts	Other comprehensive income (loss)	$	(11,837)	$	5,075

Total derivatives loss (gain) recognized in other comprehensive income		$	(11,837)	$	5,075
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Foreign currency forward contracts	Cost of revenues	$	3,333	$	(1,588)
Foreign currency forward contracts	Selling, general and administrative expenses	252		(122)
Foreign currency forward contracts	Foreign exchange gain (loss), net	1,166		(654)

Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings		$	4,751	$	(2,364)
Change in net unrealized gain (loss) on derivative instruments		$	(7,086)	$	2,711

Fair value of derivatives

The following table provides the fair values of the Company’s derivative financial instruments for the periods presented:


	June 26, 2026				June 27, 2025
(in thousands)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Derivatives not designated as hedging instruments
Foreign currency forward and option contracts	$	—	$	(3,557)	$	1,303	$	(12)

Derivatives designated as hedging instruments
Foreign currency forward contracts	0		(5,527)		1,658		(93)

Derivatives, gross balances	$	0	$	(9,084)	$	2,961	$	(105)

The Company presents its derivatives at gross fair values in the consolidated balance sheets.

The Company recorded the fair value of derivative financial instruments in the consolidated balance sheets as follows:


Derivative Financial Instruments			Balance Sheet line item

Fair Value of Derivative Assets			Other current assets
Fair Value of Derivative Liabilities			Accrued expenses

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Severance liabilities - Schedule of Severance Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Changes in severance liabilities
Balance, beginning of the fiscal year	$ 31,225	$ 24,093
Current service cost	$ 3,341	$ 2,975
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Interest cost	$ 865	$ 966
Benefit paid	(685)	(2,001)
Unrealized loss (gain) on exchange rate	(855)	3,306
Actuarial (gain) loss on obligation	204	1,886
Balance, end of the fiscal year	$ 34,095	$ 31,225

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Jun. 26, 2026	Aug. 07, 2026	Dec. 26, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 26, 2026
Current Fiscal Year End Date	--06-26
Document Transition Report	false
Entity File Number	001-34775
Entity Registrant Name	FABRINET
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1228572
Entity Address, Address Line One	c/o Walkers Corporate Ltd.
Entity Address, Address Line Two	190 Elgin Avenue, George Town
Entity Address, City or Town	Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-9008
City Area Code	66 2
Local Phone Number	524-9600
Title of 12(b) Security	Ordinary Shares, $0.01 par value
Trading Symbol	FN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 17.1
Entity Common Stock, Shares Outstanding		35,834,864
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement relating to its 2026 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	FY
Entity Central Index Key	0001408710

Share-based compensation - Schedule of Restricted Share Unit Activity (Details) - Restricted Share Units - $ / shares	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Number of Shares
Beginning balance (in shares)	263,014	306,660	368,765
Granted (in shares)	79,180	115,442	126,934
Vested (in shares)	(121,128)	(140,040)	(171,304)
Forfeited (in shares)	(9,492)	(19,048)	(17,735)
Ending balance (in shares)	211,574	263,014	306,660
Expected to vest (in shares)	187,106
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (in USD per share)	$ 187.00	$ 129.01	$ 97.49
Granted (in USD per share)	310.71	257.64	165.54
Vested (in USD per share)	165.82	118.33	88.69
Forfeited (in USD per share)	234.68	175.73	124.52
Ending balance (in USD per share)	244.24	$ 187.00	$ 129.01
Expected to vest (in USD per share)	$ 244.77

Share-based compensation (Tables)

12 Months Ended

Jun. 26, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the years ended June 26, 2026, June 27, 2025 and June 28, 2024 was as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Share-based compensation expense by type of award:
Restricted share units	$	22,067	$	21,013	$	16,839
Performance share units	12,563		11,991		11,535
Total share-based compensation expense	34,630		33,004		28,374
Tax effect on share-based compensation expense	—		—		—
Net effect on share-based compensation expense	$	34,630	$	33,004	$	28,374

Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income

Share-based compensation expense was recorded in the consolidated statements of operations and comprehensive income as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Cost of revenue	$	11,459	$	10,456	$	7,203
Selling, general and administrative expense	23,171		22,548		21,171

Total share-based compensation expense	$	34,630	$	33,004	$	28,374

Share-Based Payment Arrangement, Activity

The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of June 26, 2026:


(share units)	Restricted Share Units outstanding	Performance Share Units outstanding	Ordinary Shares available for future grant
2020 Plan	211,574	94,687	1,455,660

2017 Inducement Plan	—	—	111,347
Total	211,574	94,687	1,567,007

Schedule of Restricted Share Unit Activity

The following table summarizes restricted share unit activity under the Equity Incentive Plans:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023	368,765	$	97.49
Granted	126,934	$	165.54
Vested	(171,304)	$	88.69
Forfeited	(17,735)	$	124.52
Balance as of June 28, 2024	306,660	$	129.01
Granted	115,442	$	257.64
Vested	(140,040)	$	118.33
Forfeited	(19,048)	$	175.73
Balance as of June 27, 2025	263,014	$	187.00
Granted	79,180	$	310.71
Vested	(121,128)	$	165.82
Forfeited	(9,492)	$	234.68
Balance as of June 26, 2026	211,574	$	244.24
Expected to vest as of June 26, 2026	187,106	$	244.77

Schedule of Performance Share Unit Activity

The following table summarizes performance share unit activity under the Equity Incentive Plans:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023	204,016	$	108.81
Granted	73,936	$	158.91
Vested	(106,874)	101.05

Balance as of June 28, 2024	171,078	$	135.31
Granted	46,980	$	261.84
Vested	(97,142)	$	117.35

Balance as of June 27, 2025	120,916	$	198.90
Granted	48,806	$	277.04
Vested	(73,936)	158.91
Forfeited	(1,099)	$	261.84
Balance as of June 26, 2026	94,687	$	269.67
Expected to vest as of June 26, 2026	94,687	$	269.67

Shared-Based Payment, Summary of Fair Value Per Share Assumptions

The grant date fair value of the Warrant was estimated as of the issuance date using the following assumptions:




Expected dividend yield	—
Risk-free interest rate	3.8	%
Expected volatility	45.2	%
Expected term (in years)	7 years

Leases

12 Months Ended

Jun. 26, 2026

Leases [Abstract]

Leases

The Company leases facilities under non-cancelable operating lease agreements. The Company leases a portion of its capital equipment and vehicles, certain land and buildings for its facilities in Thailand, the Cayman Islands, the PRC, the U.S., Israel and Singapore under operating lease arrangements that expire at various dates through 2034. Certain of these lease arrangements provide the Company the ability to extend the lease term following the expiration of the current term. However, the Company has excluded all lease extension options from its right of use (“ROU”) assets and lease liabilities as the Company is not reasonably assured that it will exercise these options. None of the lease agreements contain residual value guarantees provided by the lessee.

Operating leases

As of June 26, 2026, the maturities of the Company’s operating lease liabilities were as follows:


(in thousands)
2027	$	1,442
2028	962
2029	884
2030	458
2031	326
Thereafter	652
Total undiscounted lease payments	4,724
Less: imputed interest	(711)
Total present value of lease liabilities	$	4,013	(1)

(1)Includes current portion of operating lease liabilities of $1.2 million.

Rental expense related to the Company’s operating leases is recognized on a straight-line basis over the lease term.

Rental expense for long-term leases for the years ended June 26, 2026, June 27, 2025 and June 28, 2024 was $2.1 million, $1.9 million and $2.4 million, respectively.

Rental expense for short-term leases for the years ended June 26, 2026, June 27, 2025 and June 28, 2024 was $0.1 million, $0.3 million and $0.9 million, respectively.

The following summarizes additional information related to the Company’s operating leases:


	As of June 26, 2026		As of June 27, 2025
Weighted-average remaining lease term (in years)	5.0		5.5
Weighted-average discount rate	7.1	%	6.6	%

The following information represents supplemental disclosure for the statement of cash flows related to operating leases:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,202	$	1,979	$	3,027

ROU assets obtained in exchange for lease liabilities	$	183	$	2,015	$	5,797

Leases - Summary of Additional Information Related to Operating and Finance Leases (Details)	Jun. 26, 2026	Jun. 27, 2025
Leases [Abstract]
Weighted-average remaining lease term (in years)	5 years	5 years 6 months
Weighted-average discount rate	7.10%	6.60%

Business segments and geographic information (Tables)

12 Months Ended

Jun. 26, 2026

Segment Reporting [Abstract]

Segment Reporting

The following table provides information about the Company's revenue, significant segment expenses and other segment expenses:


	Years Ended
(in thousands of U.S. dollars, except per share data)	June 26, 2026		June 27, 2025		June 28, 2024
Revenues	$	4,641,097	$	3,419,327	$	2,882,967
Cost of revenues	(4,084,586)		(3,005,978)		(2,526,849)
Gross profit	556,511		413,349		356,118
Selling, general and administrative expenses	(93,507)		(87,466)		(78,481)
Restructuring and other related costs	(117)		(1,436)		(32)
Operating income	462,887		324,447		277,605
Interest income	32,418		40,162		33,204
Interest expense	(84)		—		(124)
Foreign exchange gain (loss), net	2,866		(9,251)		382
Other income (expense), net	57,026		(178)		287
Income before income taxes	555,113		355,180		311,354
Income tax expense	(82,086)		(22,653)		(15,173)
Net income	473,027		332,527		296,181

Schedule of Long-Lived Assets by Geographic Areas

The following table presents long-lived assets by the country in which they are based:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Long-Lived Assets:
Thailand	$	562,044	$	338,127	$	261,378
U.S.	35,610		30,374		31,383
China	18,698		14,378		16,618
Israel	2,149		2,727		2,269
Others	540		802		928
Total	619,041		386,408		312,576

Schedule of Total Revenues by Percentage from Individual Customers Representing Ten Percent or More of Total Revenues

Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:


	Years Ended
	June 26, 2026		June 27, 2025		June 28, 2024
Cisco Systems, Inc.	19.9	%	18.2	%	13.4	%
NVIDIA Corporation	16.3	%	27.6	%	35.1	%
Nokia Corporation	10.7	%	*		*
Amazon.com, Inc.	10.5	%	*		*

* Represents less than 10% of total revenues.

Schedule of Accounts Receivable from Individual Customers Representing Ten Percent or More of Accounts Receivable

Accounts receivable from individual customers representing 10% or more of accounts receivable as of June 26, 2026 and June 27, 2025, respectively, were as follows:


	As of June 26, 2026		As of June 27, 2025
Cisco Systems, Inc.	16.1	%	13.7	%
Nokia Corporation	14.2	%	12.0	%
Amazon.com, Inc.	11.5	%	*
NVIDIA Corporation	*		25.5	%

* Represents less than 10% of total accounts receivable.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

Share-based compensation

12 Months Ended

Jun. 26, 2026

Share-Based Payment Arrangement [Abstract]

Share-based compensation

The grant date fair value of restricted share units and performance share units is based on the market value of Fabrinet's ordinary shares on the date of grant.

The effect of recording share-based compensation expense for the years ended June 26, 2026, June 27, 2025 and June 28, 2024 was as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Share-based compensation expense by type of award:
Restricted share units	$	22,067	$	21,013	$	16,839
Performance share units	12,563		11,991		11,535
Total share-based compensation expense	34,630		33,004		28,374
Tax effect on share-based compensation expense	—		—		—
Net effect on share-based compensation expense	$	34,630	$	33,004	$	28,374

Share-based compensation expense was recorded in the consolidated statements of operations and comprehensive income as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Cost of revenue	$	11,459	$	10,456	$	7,203
Selling, general and administrative expense	23,171		22,548		21,171

Total share-based compensation expense	$	34,630	$	33,004	$	28,374

The Company did not capitalize any share-based compensation expense as part of any asset costs during the years ended June 26, 2026, June 27, 2025 and June 28, 2024.

Share-based award activity

On December 12, 2019, the Company’s shareholders approved Fabrinet’s 2020 Equity Incentive Plan (the “2020 Plan”). Upon the approval of the 2020 Plan, Fabrinet’s Amended and Restated 2010 Performance Incentive Plan (the “2010 Plan”) was simultaneously terminated. The 2020 Plan provides for the grant of equity awards thereunder with respect to (i) 1,700,000 ordinary shares, plus (ii) up to 1,300,000 ordinary shares that, as of immediately prior to the termination of the 2010 Plan, had been reserved but not issued pursuant to any awards granted under the 2010 Plan and are not subject to any awards thereunder. Upon termination of the 2010 Plan, 1,281,619 ordinary shares were reserved for issuance under the 2020 Plan pursuant to clause (ii) of the preceding sentence.

On November 2, 2017, the Company adopted the 2017 Inducement Equity Incentive Plan (the “2017 Inducement Plan”) with a reserve of 160,000 ordinary shares authorized for future issuance solely for the granting of inducement share options and equity awards to new employees. The 2017 Inducement Plan was adopted without shareholder approval in reliance on the “employment inducement exemption” provided under the New York Stock Exchange Listed Company Manual.

The 2020 Plan and 2017 Inducement Plan are collectively referred to as the “Equity Incentive Plans.”

The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of June 26, 2026:


(share units)	Restricted Share Units outstanding	Performance Share Units outstanding	Ordinary Shares available for future grant
2020 Plan	211,574	94,687	1,455,660

2017 Inducement Plan	—	—	111,347
Total	211,574	94,687	1,567,007

Restricted share units and performance share units

Restricted share units and performance share units have been granted under the Equity Incentive Plans.

Restricted share units granted to employees generally vest in equal installments over three or four years on each anniversary of the vesting commencement date. Restricted share units granted to non-employee directors generally cliff vest 100% on the first of January, approximately one year from the grant date, provided the director continues to serve through such date.

Performance share units granted to executives will vest, if at all, at the end of a two-year performance period based on the Company’s achievement of pre-defined performance criteria, which consist of revenue and non-U.S. GAAP operating margin targets. The actual number of performance share units that may vest at the end of the performance period ranges from 0% to 100% of the award grant.

The following table summarizes restricted share unit activity under the Equity Incentive Plans:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023	368,765	$	97.49
Granted	126,934	$	165.54
Vested	(171,304)	$	88.69
Forfeited	(17,735)	$	124.52
Balance as of June 28, 2024	306,660	$	129.01
Granted	115,442	$	257.64
Vested	(140,040)	$	118.33
Forfeited	(19,048)	$	175.73
Balance as of June 27, 2025	263,014	$	187.00
Granted	79,180	$	310.71
Vested	(121,128)	$	165.82
Forfeited	(9,492)	$	234.68
Balance as of June 26, 2026	211,574	$	244.24
Expected to vest as of June 26, 2026	187,106	$	244.77

The following table summarizes performance share unit activity under the Equity Incentive Plans:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2023	204,016	$	108.81
Granted	73,936	$	158.91
Vested	(106,874)	101.05

Balance as of June 28, 2024	171,078	$	135.31
Granted	46,980	$	261.84
Vested	(97,142)	$	117.35

Balance as of June 27, 2025	120,916	$	198.90
Granted	48,806	$	277.04
Vested	(73,936)	158.91
Forfeited	(1,099)	$	261.84
Balance as of June 26, 2026	94,687	$	269.67
Expected to vest as of June 26, 2026	94,687	$	269.67

The total fair value of restricted share units and performance share units vested during the years ended June 26, 2026, June 27, 2025 and June 28, 2024 was $31.8 million, $28.0 million and $26.0 million, respectively. The aggregate intrinsic value of restricted share units and performance share units outstanding as of June 26, 2026 was $160.7 million.

As of June 26, 2026, there was $17.3 million and $7.8 million of unrecognized share-based compensation expense related to restricted share units and performance share units, respectively, under the Equity Incentive Plans that is expected to be recorded over a weighted-average period of 2.5 years and 1.1 years, respectively.

For the years ended June 26, 2026 and June 27, 2025, the Company withheld an aggregate of 74,508 shares and 92,492 shares, respectively, upon the vesting of restricted share units and performance shares units, based upon the closing share price on the vesting date to settle employee tax withholding obligations. For the years ended June 26, 2026 and June 27, 2025, the Company then remitted cash of $25.5 million and $21.3 million, respectively, to the appropriate taxing authorities, and presented it as a financing activity within the consolidated statements of cash flows. The payment was recorded as a reduction of additional paid-in capital.

Customer Warrant

On March 12, 2025, the Company issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC to acquire up to 381,922 ordinary shares (the “Warrant Shares”) of the Company at an exercise price of $208.48 per share. The Warrant allows for cashless exercise and expires on March 12, 2032.

Upon issuance of the Warrant, 38,192 of the Warrant Shares vested. The remainder of the Warrant Shares are subject to vesting in multiple tranches over the term of the Warrant based on payments to the Company from or on behalf of Amazon.com, Inc. ("Amazon") or its affiliates under a commercial agreement or otherwise. Upon the consummation of an acquisition transaction or the termination of the commercial agreement by Amazon for cause, the unvested portion of the Warrant will vest in full. The exercise price and the number of Warrant Shares are subject to customary antidilution adjustments.

Using the Black-Scholes option pricing model, the grant date fair value of the Warrant was determined to be $102.88 per share, for a total fair value of $39.3 million. The grant date fair value of the Warrant was estimated as of the issuance date using the following assumptions:




Expected dividend yield	—
Risk-free interest rate	3.8	%
Expected volatility	45.2	%
Expected term (in years)	7 years

As of June 26, 2026 and June 27, 2025, 85,942 and 38,192 Warrant Shares, respectively, were vested and remained unexercised.

Fair value of financial instruments (Tables)

12 Months Ended

Jun. 26, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following table provides details of the financial instruments measured at fair value on a recurring basis, including:


	Fair Value Measurements at Reporting Date Using
(in thousands)	Level 1		Level 2			Level 3		Total
As of June 26, 2026
Assets
Cash equivalents	$	—	$	114,501		$	—	$	114,501

Certificates of deposit and time deposits	—		44,250			—		44,250
Corporate debt securities	—		200,637			—		200,637
U.S. agency and U.S. Treasury securities	—		283,457			—		283,457
Derivative assets - current portion	—		0		(1)	—		—

Total	$	—	$	642,845		$	—	$	642,845
Liabilities
Derivative liabilities - current portion	$	—	$	(9,084)	(2)	$	—	$	(9,084)

Total	$	—	$	(9,084)		$	—	$	(9,084)


	Fair Value Measurements at Reporting Date Using
(in thousands)	Level 1		Level 2			Level 3		Total
As of June 27, 2025
Assets
Cash equivalents	$	—	$	11,183		$	—	$	11,183

Certificates of deposit and time deposits	—		145,752			—		145,752
Corporate debt securities	—		189,973			—		189,973
U.S. agency and U.S. Treasury securities	—		292,094			—		292,094
Derivative assets - current portion	—		2,961		(3)	—		2,961
Total	$	—	$	641,963		$	—	$	641,963
Liabilities
Derivative liabilities - current portion	$	—	$	(105)	(4)	$	—	$	(105)

Total	$	—	$	(105)		$	—	$	(105)

(1)Foreign currency forward contract with a notional amount of $1.0 million.

(2)Foreign currency forward contracts with an aggregate notional amount of $279.0 million and 0.3 million Canadian dollars.

(3)Foreign currency forward contracts with an aggregate notional amount of $130.0 million and 0.5 million Canadian dollars.

(4)Foreign currency forward contracts with an aggregate notional amount of $35.0 million

Schedule Impacts of Derivative Gain (Loss) of Cash Flow Hedges


		Year Ended
(in thousands)	Financial statements line item	June 26, 2026		June 27, 2025
Derivatives gain (loss) recognized in other comprehensive income (loss):
Foreign currency forward contracts	Other comprehensive income (loss)	$	(11,837)	$	5,075

Total derivatives loss (gain) recognized in other comprehensive income		$	(11,837)	$	5,075
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Foreign currency forward contracts	Cost of revenues	$	3,333	$	(1,588)
Foreign currency forward contracts	Selling, general and administrative expenses	252		(122)
Foreign currency forward contracts	Foreign exchange gain (loss), net	1,166		(654)

Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings		$	4,751	$	(2,364)
Change in net unrealized gain (loss) on derivative instruments		$	(7,086)	$	2,711

Schedule of Derivative Financial Instruments

The following table provides the fair values of the Company’s derivative financial instruments for the periods presented:


	June 26, 2026				June 27, 2025
(in thousands)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Derivatives not designated as hedging instruments
Foreign currency forward and option contracts	$	—	$	(3,557)	$	1,303	$	(12)

Derivatives designated as hedging instruments
Foreign currency forward contracts	0		(5,527)		1,658		(93)

Derivatives, gross balances	$	0	$	(9,084)	$	2,961	$	(105)

Derivative Financial Instruments in the Unaudited Condensed Consolidated Balance Sheets

The Company presents its derivatives at gross fair values in the consolidated balance sheets.

The Company recorded the fair value of derivative financial instruments in the consolidated balance sheets as follows:


Derivative Financial Instruments			Balance Sheet line item

Fair Value of Derivative Assets			Other current assets
Fair Value of Derivative Liabilities			Accrued expenses

Business segments and geographic information - Schedule of Total Revenues by Percentage from Individual Customers Representing Ten Percent or More of Total Revenues (Details) - Revenue - Customer Concentration Risk	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Cisco Systems, Inc.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]
Concentration of risk percentage	19.90%	18.20%	13.40%
NVIDIA Corporation
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]
Concentration of risk percentage	16.30%	27.60%	35.10%
Nokia Corporation
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]
Concentration of risk percentage	10.70%
Amazon.com, Inc.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]
Concentration of risk percentage	10.50%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Business segments and geographic information - Segment reporting of Revenue and Significant Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Segment Reporting [Line Items]
Revenues	$ 4,641,097	$ 3,419,327	$ 2,882,967
Cost of revenues	(4,084,586)	(3,005,978)	(2,526,849)
Gross profit	556,511	413,349	356,118
Selling, general and administrative expenses	(93,507)	(87,466)	(78,481)
Restructuring and other related costs	(117)	(1,436)	(32)
Operating income	462,887	324,447	277,605
Interest income	32,418	40,162	33,204
Interest expense	(84)	0	(124)
Foreign exchange gain (loss), net	2,866	(9,251)	382
Other income (expense), net	57,026	(178)	287
Income before income taxes	555,113	355,180	311,354
Income tax expense	(82,086)	(22,653)	(15,173)
Net income	473,027	332,527	296,181
Reportable Segment
Segment Reporting [Line Items]
Revenues	4,641,097	3,419,327	2,882,967
Cost of revenues	(4,084,586)	(3,005,978)	(2,526,849)
Gross profit	556,511	413,349	356,118
Selling, general and administrative expenses	(93,507)	(87,466)	(78,481)
Restructuring and other related costs	(117)	(1,436)	(32)
Operating income	462,887	324,447	277,605
Interest income	32,418	40,162	33,204
Interest expense	(84)	0	(124)
Foreign exchange gain (loss), net	2,866	(9,251)	382
Other income (expense), net	57,026	(178)	287
Income before income taxes	555,113	355,180	311,354
Income tax expense	(82,086)	(22,653)	(15,173)
Net income	$ 473,027	$ 332,527	$ 296,181

Leases (Tables)

12 Months Ended

Jun. 26, 2026

Leases [Abstract]

Schedule of Operating Lease Liabilities

As of June 26, 2026, the maturities of the Company’s operating lease liabilities were as follows:


(in thousands)
2027	$	1,442
2028	962
2029	884
2030	458
2031	326
Thereafter	652
Total undiscounted lease payments	4,724
Less: imputed interest	(711)
Total present value of lease liabilities	$	4,013	(1)

(1)Includes current portion of operating lease liabilities of $1.2 million.

Summary of Additional Information Related to Operating and Finance Leases

The following summarizes additional information related to the Company’s operating leases:


	As of June 26, 2026		As of June 27, 2025
Weighted-average remaining lease term (in years)	5.0		5.5
Weighted-average discount rate	7.1	%	6.6	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,202	$	1,979	$	3,027

ROU assets obtained in exchange for lease liabilities	$	183	$	2,015	$	5,797

Severance liabilities - Schedule of Future Maturities of Severance Liabilities (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Retirement Benefits [Abstract]
2027	$ 2,319
2028	2,830
2029	2,997
2030	3,782
2031	3,362
Thereafter	18,805
Total	$ 34,095	$ 31,225	$ 24,093

Property, plant and equipment, net

12 Months Ended

Jun. 26, 2026

Property, Plant, and Equipment [Abstract]

Property, plant and equipment, net

The components of property, plant and equipment, net were as follows:


(in thousands)	Land and Land Improvements		Building and Building Improvements		Manufacturing Equipment		Office Equipment		Motor Vehicles		Computers		Construction and Machinery Under Installation		Total
As of June 26, 2026
Cost	$	68,675	$	330,841	$	512,821	$	7,801	$	1,410	$	38,668	$	82,006	$	1,042,222
Less: Accumulated depreciation	(949)		(102,041)		(293,870)		(5,892)		(935)		(23,189)		—		(426,876)
Less: Impairment reserve	—		—		(279)		—		—		—		—		(279)
Net book value	$	67,726	$	228,800	$	218,672	$	1,909	$	475	$	15,479	$	82,006	$	615,067
As of June 27, 2025
Cost	$	61,534	$	222,640	$	374,322	$	6,395	$	1,296	$	30,736	$	51,048	$	747,971
Less: Accumulated depreciation	(635)		(92,478)		(248,833)		(5,502)		(904)		(18,690)		—		(367,042)
Less: Impairment reserve	—		—		(289)		—		—		—		—		(289)
Net book value	$	60,899	$	130,162	$	125,200	$	893	$	392	$	12,046	$	51,048	$	380,640

Depreciation expense amounted to $67.5 million, $52.5 million and $48.2 million for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively, and has been allocated between cost of revenues and selling, general and administrative expenses in the consolidated statements of operations and comprehensive income.

The cost of fully depreciated property, plant and equipment written-off during the years ended June 26, 2026, June 27, 2025 and June 28, 2024 amounted to $6.5 million, $12.5 million and $10.7 million, respectively.

As of June 26, 2026, June 27, 2025 and June 28, 2024, the Company recognized impairment reserves for property, plant and equipment of $0.3 million, $0.3 million and $0.3 million, respectively.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

Subsequent Event	12 Months Ended
Subsequent Event	Jun. 26, 2026
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On July 27, 2026, the Company completed the acquisition of a manufacturing facility in the United States, for a total purchase price of $76.9 million.

Share-based compensation - Schedule of Effect of Recording Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Share-based compensation expense by type of award:
Restricted share units	$ 22,067	$ 21,013	$ 16,839
Performance share units	12,563	11,991	11,535
Total share-based compensation expense	34,630	33,004	28,374
Tax effect on share-based compensation expense	0	0	0
Net effect on share-based compensation expense	$ 34,630	$ 33,004	$ 28,374

Income taxes

12 Months Ended

Jun. 26, 2026

Income Tax Disclosure [Abstract]

Income taxes

Fabrinet’s effective tax rate is a function of the mix of tax rates in the various jurisdictions in which we conduct business. Fabrinet is domiciled in the Cayman Islands. Under the current laws of the Cayman Islands, Fabrinet is not subject to tax in the Cayman Islands on income or capital gains until March 6, 2039.

The majority of the Company’s operations and production take place in Thailand. The Company was not subject to tax in Thailand from July 2012 through June 2020 on income generated from the manufacture of products at its Pinehurst campus Building 6, and was not subject to tax in Thailand from July 2018 through June 2026 on income generated from the manufacture of products at its Chonburi campus. Between June 2020 and June 2025, 50% of the Company's income generated from products manufactured at its Pinehurst campus Building 6 was exempted from tax in Thailand. Preferential tax treatment is available to the Company for products manufactured at its Chonburi campus Building 9, where income generated will be tax exempt through 2031, capped at the Company’s actual investment amount. Preferential tax treatment will be available to the Company for products manufactured at its Navanakorn campus for 8 years beginning in August 2027, capped at the Company's actual investment amount. Such preferential tax treatment is contingent on various factors, including the export of customers’ products out of Thailand and the Company's agreement not to move its manufacturing facilities out of its current province in Thailand for at least 15 years from the date on which preferential tax treatment was granted. Currently, the corporate income tax rate for the Company's Thai subsidiary is 20%.

The corporate income tax rates for the Company's subsidiaries in the PRC, the U.S., the U.K. and Israel are 25%, 21%, 25% and 23%, respectively. The Company's provision for income taxes is computed using the asset and liability method, under which deferred income taxes are recognized for differences between the financial statement and tax bases of assets and liabilities at currently enacted statutory tax rates for the years in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment.

The Company’s income before income taxes consisted of the following:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Thailand	$	35,668	$	29,983	$	12,775
International	519,445		325,197		298,579
Total income before income taxes	$	555,113	$	355,180	$	311,354

The Company’s income tax expense consisted of the following:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Current	$	84,223	$	27,812	$	11,993
Deferred	(2,137)		(5,159)		3,180
Total income tax expense	$	82,086	$	22,653	$	15,173

Cash paid for income taxes, net of refunds received, by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended June 26, 2026 is as follows:


	Years Ended
(in thousands)	June 26, 2026
Thailand	$	10,069
Foreign
United States	12,504
China	6,538
Other foreign jurisdictions	294


Total income tax paid	$	29,405

Beginning in fiscal year 2026, the Company adopted ASU 2023-09 prospectively. The reconciliation between the Company’s taxes that would arise by applying the statutory tax rate of the country of the Company’s principal operations, Thailand, to the Company’s effective tax charge is shown below:


	Years Ended
(in thousands)	June 26, 2026
	Amount		Percentage
Thailand statutory tax rate	$	111,023	20.0	%
Foreign tax effects
United States
Tax rate differential	4,024		0.7	%
Non-deductible expenses	2,400		0.4	%
Other	(1,745)		(0.3)	%
Cayman Islands
Tax rate differential	(88,976)		(16.0)	%
Other	22		0.0	%
Other Foreign Jurisdictions	(246)		(0.0)	%
Enactment of new tax laws
Pillar Two Top-up Tax	57,447		10.3	%
Non-taxable or non-deductible items	(4,948)		(0.9)	%
Changes in unrecognized tax benefits	3,085		0.6	%
Effective tax rate	$	82,086	14.8	%

The following table presents a reconciliation of the Company's effective tax rate to the statutory Thailand tax rate for the periods indicated, in accordance with the guidance prior to the adoption of ASU 2023-09:


	Years Ended
(in thousands)	June 27, 2025		June 28, 2024
Income before income taxes (1)	$	355,180	$	311,354
Tax expense calculated at a statutory corporate income tax rate of 20%	71,036		62,271
Effect of income taxes from locations with tax rates different from Thailand	(1,197)		(945)
Income not subject to tax (2)	(62,032)		(62,940)
Income tax on unremitted earnings	1,521		1,488
Non-deductible expenses	9,045		10,347
Foreign operations	2,426		(600)
Tax rebate from research and development application	(211)		17
Provision for uncertain income tax position	678		1,131
Utilization of loss and tax credits carryforward	—		—
Changes in valuation allowance (3)	—		3,759
Others	1,387		645
Corporate income tax expense	$	22,653	$	15,173

(1)Income before income taxes from domestic operations in the Cayman Islands amounted to $388.1 million, $263.0 million and $306.0 million for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively.

(2)Income not subject to tax relates to income earned in the Cayman and Mauritius Islands and income subject to an investment promotion privilege in Thailand. Income not subject to tax per ordinary share on a diluted basis was $2.24, $1.71, and $1.72 for the years ended June 26, 2026, June 27, 2025, and June 28, 2024, respectively.

(3)Changes in valuation allowances were due to adjustments based on management's assessment on the realizability of the related deferred tax assets.

The Company’s deferred tax assets and deferred tax liabilities, net of valuation allowance, at each balance sheet date are as follows:


	As of
(in thousands)	June 26, 2026		June 27, 2025
Deferred tax assets:
Depreciation	$	647	$	2,368
Severance liability	6,603		5,981
Reserves and allowance	10,837		5,554
Net operating loss carryforwards	4,093		2,532
Others	2,617		452
Total	24,797		16,887
Less: Valuation allowance	(5,568)		(3,481)
Net deferred tax assets	$	19,229	$	13,406

Deferred tax liabilities:
Temporary differences from intangibles and changes in the fair value of assets acquired	$	(1,405)	$	(1,543)
Deferred tax from unremitted earnings	(2,511)		(2,141)
Others	2,262		2,089
Total	(1,654)		(1,595)
Net	$	17,575	$	11,811

The changes in the valuation allowances of deferred tax assets were as follows:


(in thousands)	Valuation allowances of deferred tax assets
Balance as of June 30, 2023	$	3,824
Additional	3,613
Reduction	(3,824)
Balance as of June 28, 2024	3,613
Additional	823
Reduction	(955)
Balance as of June 27, 2025	3,481
Additional	2,087
Reduction	—
Balance as of June 26, 2026	$	5,568

During fiscal year 2020, one of our subsidiaries in the U.K. also generated net operating loss and management expected that such subsidiary would continue to have net operating losses in the foreseeable future. Therefore, management believed it was more likely than not that all of the deferred tax assets of such subsidiary would not be utilized. Thus, a full valuation allowance of $1.6 million for the deferred tax assets was set up as of the end of fiscal year 2020. A full valuation allowance of $3.8 million, $4.9 million and $2.1 million were set up for the fiscal year ended June 30, 2023, June 24, 2022 and June 25, 2021, respectively. During fiscal year 2024, deferred tax assets and valuation allowance were released due to our cessation of operations in the U.K.

During fiscal year 2023, the other subsidiary in the U.K. generated taxable income and was able to utilize loss carryforwards. Management determined that it was more likely than not that future taxable income would be sufficient to allow utilization of the deferred tax assets. Thus, a full valuation allowance of $1.6 million for the deferred tax assets was released as of June 30, 2023. In fiscal year 2024, due to the planned closure of this entity, management believed that such subsidiary would not generate sufficient taxable income to utilize the remaining deferred tax assets. Thus, a full valuation allowance of $1.0 million was recorded. In fiscal year 2025, the remaining deferred tax assets and valuation allowance were written off after the application to dissolve the entity was filed in the U.K.

During fiscal year 2024, the Company's subsidiary in Israel continued to generate net operating loss and management expected that such subsidiary would continue to have net operating losses in the foreseeable future; therefore, management believed it was more likely than not that all of the deferred tax assets of such subsidiary would not be utilized. Thus, a full valuation allowance of $2.7 million for the deferred tax assets was set up as of the end of fiscal year 2024. The Company continued to record the full valuation allowance of $0.8 million and $2.1 million for fiscal year 2025 and fiscal year 2026, respectively.

Income tax liabilities have not been established for withholding tax and other taxes that would be payable on the unremitted earnings in Thailand, which are permanently reinvested. Unremitted earnings in Thailand totaled $198.3 million and $167.9 million as of June 26, 2026 and June 27, 2025, respectively. Unrecognized deferred tax liabilities for such unremitted earnings were $17.1 million and $16.9 million as of June 26, 2026 and June 27, 2025, respectively.

Deferred tax liabilities of $1.8 million and $1.5 million have been established for withholding tax on the unremitted earnings in China for the years ended June 26, 2026 and June 27, 2025, respectively, which are included in non-current deferred tax liability in the consolidated balance sheets.

Uncertain income tax positions

Interest and penalties related to uncertain income tax positions are recognized in income tax expense. The Company had approximately $0.4 million of accrued interest and penalties related to uncertain income tax positions on the consolidated balance sheets as of June 26, 2026. The Company recorded interest and penalties of $0.1 million and $0.2 million for the years ended June 27, 2025 and June 28, 2024, respectively, in the consolidated statements of operations and comprehensive income. No interest and penalties were reversed in fiscal 2026. With regard to the Thailand jurisdiction, tax years 2020 through 2024 remain open to examination by the local authorities.

The changes to the Company’s uncertain income tax positions for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, excluding interest and penalties, were as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Beginning balance	$	1,846	$	1,249	$	1,288
Additions during the year	2,600		620		1,091
Release of tax positions of prior years	—		(23)		(1,130)
Ending balance	$	4,446	$	1,846	$	1,249

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income taxes - Schedule of Changes to Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Changes To Uncertain Income Tax Positions [Roll Forward]
Beginning balance	$ 1,846	$ 1,249	$ 1,288
Additions during the year	2,600	620	1,091
Release of tax positions of prior years	0	(23)	(1,130)
Ending balance	$ 4,446	$ 1,846	$ 1,249

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 2,202	$ 1,979	$ 3,027
ROU assets obtained in exchange for lease liabilities	$ 183	$ 2,015	$ 5,797

Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Intangible Asset, Finite-Lived [Line Items]
Net	$ 2,458	$ 2,156
Software
Intangible Asset, Finite-Lived [Line Items]
Gross carrying amount	13,365	12,159
Accumulated amortization	(10,907)	(10,003)
Net	$ 2,458	$ 2,156

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
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+ Details

Summary of significant accounting policies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Accounting Policies [Line Items]
Service revenues	$ 205.6	$ 174.8	$ 122.6
Warranty cost allowances	$ 0.4	$ 0.0	$ 0.0
Minimum
Accounting Policies [Line Items]
Product warranty term	1 year
Maximum
Accounting Policies [Line Items]
Product warranty term	5 years

Cash, cash equivalents and short-term investments - Schedule of Cash, Cash Equivalents, and Short-Term Investments (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Cash, cash equivalents and marketable securities [Line Items]
Cash and cash equivalents and marketable securities, carrying cost	$ 869,455	$ 925,526
Unrealized Gain/ (Loss)	5,600	8,718
Cash and Cash Equivalents	346,711	306,425	$ 409,973
Short-term Investments	528,344	627,819
Other Investments	0	0
Cash
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	232,210	295,242
Cash and Cash Equivalents	232,210	295,242
Cash equivalents
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost	114,501	11,183
Cash and Cash Equivalents	114,501	11,183
Certificates of deposit and time deposits
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost, total	43,690	144,730
Unrealized Gain/ (Loss)	560	1,022
Short-term Investments	44,250	145,752
Corporate debt securities
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost, total	194,798	183,076
Unrealized Gain/ (Loss)	5,839	6,897
Short-term Investments	200,637	189,973
U.S. agency and U.S. Treasury securities
Cash, cash equivalents and marketable securities [Line Items]
Carrying Cost, total	284,256	291,295
Unrealized Gain/ (Loss)	(799)	799
Short-term Investments	$ 283,457	$ 292,094

Revenues from contracts with customers - Schedule of Activity in the Company's Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Contract Liabilities
Beginning balance	$ 14,467	$ 7,846	$ 3,036
Advance payment received during the year	73,273	23,640	11,069
Revenue recognized	(83,503)	(17,019)	(6,259)
Ending balance	$ 4,237	$ 14,467	$ 7,846

Financial instruments (Details)	12 Months Ended
Financial instruments (Details)	Jun. 26, 2026
Maximum \| Foreign currency forward contracts
Financial Instrument [Line Items]
Derivative term of contract	12 months

Revenues from contracts with customers - Schedule of Disaggregation of Revenue by Geographical Regions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Statement [Line Items]
Revenues	$ 4,641,097	$ 3,419,327	$ 2,882,967
Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Statement [Line Items]
As a % of Total Revenues	100.00%	100.00%	100.00%
Total revenue in Asia-Pacific and others
Statement [Line Items]
Revenues	$ 3,427,479	$ 2,541,999	$ 2,245,595
Total revenue in Asia-Pacific and others \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Statement [Line Items]
As a % of Total Revenues	73.90%	74.30%	77.90%
Thailand
Statement [Line Items]
Revenues	$ 2,842,089	$ 2,123,346	$ 1,817,517
Singapore
Statement [Line Items]
Revenues	254,710	220,282	200,494
Malaysia
Statement [Line Items]
Revenues	113,926	39,275	33,853
China
Statement [Line Items]
Revenues	88,373	58,881	62,088
Israel
Statement [Line Items]
Revenues	54,832	34,802	15,626
Japan
Statement [Line Items]
Revenues	38,040	34,419	21,586
Others
Statement [Line Items]
Revenues	35,509	30,994	94,431
Total revenue in North America
Statement [Line Items]
Revenues	$ 1,054,245	$ 738,011	$ 523,726
Total revenue in North America \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Statement [Line Items]
As a % of Total Revenues	22.70%	21.60%	18.20%
U.S.
Statement [Line Items]
Revenues	$ 965,419	$ 679,546	$ 481,664
Mexico
Statement [Line Items]
Revenues	70,565	45,514	34,958
Others
Statement [Line Items]
Revenues	18,261	12,951	7,104
Cayman Islands
Statement [Line Items]
Revenues	0	0	0
Total revenue in Europe
Statement [Line Items]
Revenues	$ 159,373	$ 139,317	$ 113,646
Total revenue in Europe \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Statement [Line Items]
As a % of Total Revenues	3.40%	4.10%	3.90%
Germany
Statement [Line Items]
Revenues	$ 49,289	$ 45,015	$ 42,542
U.K.
Statement [Line Items]
Revenues	36,542	25,327	15,554
Others
Statement [Line Items]
Revenues	$ 73,542	$ 68,975	$ 55,550

Audit Information	12 Months Ended
Audit Information	Jun. 26, 2026
Auditor Information [Abstract]
Auditor Firm ID	1194
Auditor Name	PricewaterhouseCoopers ABAS Ltd.
Auditor Location	Bangkok, Thailand

Income taxes - Schedule of Income Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Income Taxes [Line Items]
Income before income taxes	$ 555,113	$ 355,180	$ 311,354
Thailand
Income Taxes [Line Items]
Before income tax	35,668	29,983	12,775
International
Income Taxes [Line Items]
Before income tax	$ 519,445	$ 325,197	$ 298,579

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Cash, cash equivalents and short-term investments - Summary of Cost and Estimated Fair Value of Short-term Investments Classified as Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Carrying Cost
Investments Classified by Contractual Maturity Date [Line Items]
Carrying cost, due within one year	$ 43,690	$ 128,958
Carrying cost, due between one to five years	479,054	490,143
Carrying Cost, total	522,744	619,101
Fair Value
Investments Classified by Contractual Maturity Date [Line Items]
Fair value, due within one year	44,250	129,977
Fair value, due between one to five years	484,094	497,842
Fair value, total	$ 528,344	$ 627,819

- Definition

Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,050	$ 1,344
Preferred shares, shares authorized (in shares)	5,000,000	5,000,000
Preferred shares, par value (in USD per share)	$ 0.01	$ 0.01
Preferred shares, shares issued (in shares)	0	0
Preferred shares, shares outstanding (in shares)	0	0
Ordinary shares, shares authorized (in shares)	500,000,000	500,000,000
Ordinary shares, par value (in USD per share)	$ 0.01	$ 0.01
Ordinary shares, shares issued (in shares)	39,722,708	39,602,152
Ordinary shares, shares outstanding (in shares)	35,834,864	35,728,074
Treasury stocks, shares (in shares)	3,887,844	3,874,078

Non-marketable equity securities

12 Months Ended

Jun. 26, 2026

Investments, Debt and Equity Securities [Abstract]

Non-marketable equity securities

Adjustments to the carrying value of our non-marketable equity securities during fiscal years 2026 was as follows:


(in thousands)	As of June 26, 2026
Balance at beginning of period	$	—
Adjustments related to non-marketable equity securities
Net additions	32,360
Unrealized gains	56,743
Impairments and unrealized losses	—
Balance at end of period	$	89,103

On March 25, 2026, the Company entered into a share purchase agreement to acquire a 13.8% equity interest in Raytek Semiconductor, Inc. (“Raytek”) for a total purchase price of approximately New Taiwan Dollar (“NT$”) 1.02 billion ($32.4 million). The Company evaluated the investment under ASC 323, Investments—Equity Method and Joint Ventures, and determined that the Company does not have significant influence over Raytek’s operating and financial policies. Accordingly, the investment is not accounted for under the equity method and instead falls within the scope of ASC 321, Investments—Equity Securities.

The Company accounts for this investment using the measurement alternative under ASC 321 because the investment does not have a readily determinable fair value. Under the measurement alternative, the investment is measured at cost, less impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer.

In May 2026, Raytek’s shares began trading on the Taipei Exchange Emerging Stock Board (“ESB”). The shares held by the Company are subject to restrictions and are not currently listed or publicly tradable on the ESB. The Company determined that trading in Raytek’s publicly traded shares represented an observable price change for purposes of applying the ASC 321 measurement alternative. Accordingly, as of June 26, 2026, the Company remeasured its investment based on the observable ESB market price, adjusted to reflect differences between the publicly traded shares and the Company's shares, including a discount for the lack of marketability associated with the Company's restricted shares. As a result of the remeasurement, the Company recognized an unrealized gain of $56.7 million in other income (expense), net, during fiscal year 2026 and increased the carrying amount of the investment to $89.1 million as of June 26, 2026.

Accumulated other comprehensive income (loss) ("AOCI") - Schedule of Changes in AOCI, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,981,812	$ 1,745,745	$ 1,468,658
Other comprehensive income (loss) before reclassification	(15,069)	16,196
Amounts reclassified from AOCI	4,751	(2,364)
Tax effects	992	(397)
Total other comprehensive income (loss), net of tax	(9,326)	13,435	4,974
Ending balance	2,454,256	1,981,812	1,745,745
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	10,294	(3,141)
Ending balance	968	10,294	(3,141)
Unrealized Gains (Losses) on Available-for-sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	8,714	(1,179)
Other comprehensive income (loss) before reclassification	(3,118)	9,893
Amounts reclassified from AOCI	0	0
Tax effects	0	0
Total other comprehensive income (loss), net of tax	(3,118)	9,893
Ending balance	5,596	8,714	(1,179)
Unrealized Gains (Losses) on Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,334	(980)
Other comprehensive income (loss) before reclassification	(11,837)	5,075
Amounts reclassified from AOCI	4,751	(2,364)
Tax effects	992	(397)
Total other comprehensive income (loss), net of tax	(6,094)	2,314
Ending balance	(4,760)	1,334	(980)
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	246	(982)
Other comprehensive income (loss) before reclassification	(114)	1,228
Amounts reclassified from AOCI	0	0
Tax effects	0	0
Total other comprehensive income (loss), net of tax	(114)	1,228
Ending balance	$ 132	$ 246	$ (982)

Fair value of financial instruments - Schedule Impacts of Derivative Gain (Loss) of Cash Flow Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Derivatives gain (loss) recognized in other comprehensive income (loss):
Total derivatives loss (gain) recognized in other comprehensive income	$ (11,837)	$ 5,075
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings	4,751	(2,364)
Change in net unrealized gain (loss) on derivative instruments	(7,086)	2,711
Foreign currency forward contracts \| Income Statement Location [Axis]: us-gaap:CostOfRevenue
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings	3,333	(1,588)
Foreign currency forward contracts \| Income Statement Location [Axis]: us-gaap:ForeignCurrencyTransactionGainLossBeforeTax
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings	1,166	(654)
Foreign currency forward contracts \| Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Derivatives loss (gain) reclassified from accumulated other comprehensive income into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income into earnings	252	(122)
Foreign currency forward contracts \| Location, Statement of Other Comprehensive Income, Balance [Axis]: us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Derivatives gain (loss) recognized in other comprehensive income (loss):
Total derivatives loss (gain) recognized in other comprehensive income	$ (11,837)	$ 5,075

Leases - Schedule of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Leases [Abstract]
2027	$ 1,442
2028	962
2029	884
2030	458
2031	326
Thereafter	652
Total undiscounted lease payments	4,724
Less: imputed interest	(711)
Total present value of lease liabilities	4,013
Operating lease liabilities, current portion	$ 1,189	$ 1,792

Earnings per ordinary share

12 Months Ended

Jun. 26, 2026

Earnings Per Share [Abstract]

Earnings per ordinary share

Basic earnings per ordinary share is computed by dividing reported net income by the weighted average number of ordinary shares outstanding during each period. Diluted earnings per ordinary share is computed by calculating the effect of potential dilutive ordinary shares outstanding during the year using the treasury stock method. Dilutive ordinary equivalent shares consist of share options, restricted share units and performance share units.

Earnings per ordinary share was calculated as follows:


	Years Ended
(in thousands, except per share data)	June 26, 2026		June 27, 2025		June 28, 2024
Net income attributable to shareholders	$	473,027	$	332,527	$	296,181
Weighted-average number of ordinary shares outstanding	35,815		36,017		36,246
Incremental shares arising from the assumed exercise of share options and vesting of restricted share units and performance share units	232		241		318
Incremental shares arising from the assumed vesting of customer warrant	205		9		—
Weighted-average number of ordinary shares for diluted earnings per ordinary share	36,252		36,267		36,564
Basic earnings per ordinary share	$	13.21	$	9.23	$	8.17
Diluted earnings per ordinary share	$	13.05	$	9.17	$	8.10
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares) (1)	1		—		—

Severance liabilities - Schedule of Principal Weighted Average Actuarial Assumptions Used to Determine Severance Liabilities (Details)	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Minimum
Statement [Line Items]
Discount rate	3.10%	2.90%	3.90%
Future salary increases	3.50%	3.50%	3.50%
Maximum
Statement [Line Items]
Discount rate	4.00%	4.10%	5.50%
Future salary increases	10.00%	10.00%	10.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Severance liabilities

12 Months Ended

Jun. 26, 2026

Retirement Benefits [Abstract]

Severance liabilities

The following table provides information regarding severance liabilities:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025
Changes in severance liabilities
Balance, beginning of the fiscal year	$	31,225	$	24,093
Current service cost	3,341		2,975
Interest cost	865		966
Benefit paid	(685)		(2,001)
Unrealized loss (gain) on exchange rate	(855)		3,306
Actuarial (gain) loss on obligation	204		1,886


Balance, end of the fiscal year	$	34,095	$	31,225

The following table sets forth our severance liabilities as of June 26, 2026:


(in thousands)
2027	$	2,319
2028	2,830
2029	2,997
2030	3,782
2031	3,362
Thereafter	18,805

Total	$	34,095

The amount recognized in the consolidated balance sheets under current liabilities and non-current liabilities were determined as follows:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Current liabilities	$	2,319	$	—
Non-current liabilities	$	31,776	$	31,225

The following table provides information regarding accumulated benefit obligations:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Accumulated benefit obligations	$	24,616	$	22,140

The principal actuarial assumptions used were as follows:

Weighted average actuarial assumptions used to determine severance liabilities


	Years Ended
	June 26, 2026	June 27, 2025	June 28, 2024
Discount rate	3.1% - 4.0%	2.9% - 4.1%	3.9% - 5.5%
Future salary increases	3.5% - 10.0%	3.5% - 10.0%	3.5% - 10.0%

Income Taxes - Schedule of Reconciliation of Statutory tax rate of the Country of the Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Amount
Thailand statutory tax rate		$ 71,036	$ 62,271
Tax rate differential		(1,197)	(945)
Non-deductible expenses	$ (4,948)	9,045	10,347
Pillar Two Top-up Tax	57,447
Changes in unrecognized tax benefits	3,085
Total income tax expense	$ 82,086	$ 22,653	$ 15,173
Percentage
Thailand statutory tax rate		20.00%	20.00%
Non-deductible expenses	(0.90%)
Pillar Two Top-up Tax	10.30%
Changes in unrecognized tax benefits	0.60%
Effective tax rate	14.80%
Thailand
Amount
Thailand statutory tax rate	$ 111,023
Percentage
Thailand statutory tax rate	20.00%
U.S.
Amount
Tax rate differential	$ 4,024
Non-deductible expenses	2,400
Other	$ (1,745)
Percentage
Tax rate differential	0.70%
Non-deductible expenses	0.40%
Other	(0.30%)
Cayman Islands
Amount
Tax rate differential	$ (88,976)
Other	$ 22
Percentage
Tax rate differential	(16.00%)
Other	0.00%
Other foreign jurisdictions
Amount
Tax rate differential	$ (246)
Percentage
Tax rate differential	0.00%

Income taxes (Tables)

12 Months Ended

Jun. 26, 2026

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes

The Company’s income before income taxes consisted of the following:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Thailand	$	35,668	$	29,983	$	12,775
International	519,445		325,197		298,579
Total income before income taxes	$	555,113	$	355,180	$	311,354

Schedule of Income Tax Expense

The Company’s income tax expense consisted of the following:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Current	$	84,223	$	27,812	$	11,993
Deferred	(2,137)		(5,159)		3,180
Total income tax expense	$	82,086	$	22,653	$	15,173

Schedule of IncomeTax Paid

Cash paid for income taxes, net of refunds received, by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended June 26, 2026 is as follows:


	Years Ended
(in thousands)	June 26, 2026
Thailand	$	10,069
Foreign
United States	12,504
China	6,538
Other foreign jurisdictions	294


Total income tax paid	$	29,405

Schedule of Reconciliation between Taxes that Would Arise by Applying Statutory Tax Rate of Country of Principal Operations to Effective Tax Charge


	Years Ended
(in thousands)	June 26, 2026
	Amount		Percentage
Thailand statutory tax rate	$	111,023	20.0	%
Foreign tax effects
United States
Tax rate differential	4,024		0.7	%
Non-deductible expenses	2,400		0.4	%
Other	(1,745)		(0.3)	%
Cayman Islands
Tax rate differential	(88,976)		(16.0)	%
Other	22		0.0	%
Other Foreign Jurisdictions	(246)		(0.0)	%
Enactment of new tax laws
Pillar Two Top-up Tax	57,447		10.3	%
Non-taxable or non-deductible items	(4,948)		(0.9)	%
Changes in unrecognized tax benefits	3,085		0.6	%
Effective tax rate	$	82,086	14.8	%


	Years Ended
(in thousands)	June 27, 2025		June 28, 2024
Income before income taxes (1)	$	355,180	$	311,354
Tax expense calculated at a statutory corporate income tax rate of 20%	71,036		62,271
Effect of income taxes from locations with tax rates different from Thailand	(1,197)		(945)
Income not subject to tax (2)	(62,032)		(62,940)
Income tax on unremitted earnings	1,521		1,488
Non-deductible expenses	9,045		10,347
Foreign operations	2,426		(600)
Tax rebate from research and development application	(211)		17
Provision for uncertain income tax position	678		1,131
Utilization of loss and tax credits carryforward	—		—
Changes in valuation allowance (3)	—		3,759
Others	1,387		645
Corporate income tax expense	$	22,653	$	15,173

(3)Changes in valuation allowances were due to adjustments based on management's assessment on the realizability of the related deferred tax assets.

Schedule of Deferred Tax Assets and Deferred Tax Liabilities, Net of Valuation Allowance

The Company’s deferred tax assets and deferred tax liabilities, net of valuation allowance, at each balance sheet date are as follows:


	As of
(in thousands)	June 26, 2026		June 27, 2025
Deferred tax assets:
Depreciation	$	647	$	2,368
Severance liability	6,603		5,981
Reserves and allowance	10,837		5,554
Net operating loss carryforwards	4,093		2,532
Others	2,617		452
Total	24,797		16,887
Less: Valuation allowance	(5,568)		(3,481)
Net deferred tax assets	$	19,229	$	13,406

Deferred tax liabilities:
Temporary differences from intangibles and changes in the fair value of assets acquired	$	(1,405)	$	(1,543)
Deferred tax from unremitted earnings	(2,511)		(2,141)
Others	2,262		2,089
Total	(1,654)		(1,595)
Net	$	17,575	$	11,811

Schedule of Changes in Valuation Allowances of Deferred Tax Assets

The changes in the valuation allowances of deferred tax assets were as follows:


(in thousands)	Valuation allowances of deferred tax assets
Balance as of June 30, 2023	$	3,824
Additional	3,613
Reduction	(3,824)
Balance as of June 28, 2024	3,613
Additional	823
Reduction	(955)
Balance as of June 27, 2025	3,481
Additional	2,087
Reduction	—
Balance as of June 26, 2026	$	5,568

Schedule of Changes to Unrecognized Tax Benefits

The changes to the Company’s uncertain income tax positions for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, excluding interest and penalties, were as follows:


	Years Ended
(in thousands)	June 26, 2026		June 27, 2025		June 28, 2024
Beginning balance	$	1,846	$	1,249	$	1,288
Additions during the year	2,600		620		1,091
Release of tax positions of prior years	—		(23)		(1,130)
Ending balance	$	4,446	$	1,846	$	1,249

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Jun. 26, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We have established policies and processes for assessing, identifying, managing and disclosing, as necessary, risks from cybersecurity threats, and have integrated these processes into our overall risk management systems and processes as described below. The foundation of our cybersecurity program is based on the International Organization for Standardization (ISO) and the National Institute of Standards and Technology (NIST) Cybersecurity Framework. We routinely assess material risks from cybersecurity threats, including from any potential unauthorized occurrence on or conducted through our information systems that may result in adverse effects on the confidentiality, integrity, or availability of our information systems or any information residing therein. These risk assessments are designed to identify internal and external risks, the likelihood and potential damage that could result from such risks, and the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks. Following these risk assessments, we evaluate whether and how to re-design, implement, and maintain safeguards intended to address and minimize identified risks and continue monitoring and testing the effectiveness of such safeguards. Our VP of Information Technology and Information Security (“VP of IT/IS”), who reports to our Chief Executive Officer, manages our cybersecurity and information security risk assessment and mitigation process. We have established an internal IT security committee that includes our VP of IT/IS and other members of our information security, information technology, internal audit/compliance, and finance teams, to instill a thoughtful security culture across Fabrinet. Our employees are made aware of our cybersecurity policies through mandatory trainings during onboarding and on an annual basis. We also engage and consult with third parties in connection with our risk assessment processes, including advisors, consultants and auditors. These service providers assist us to design and implement our cybersecurity policies and procedures, as well as to monitor and test our safeguards. We deploy multiple tools and processes to monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents, both internal and associated with the use of any third-party service provider. We have not experienced a material security breach in our systems, or, to our knowledge, in our third-parties’ systems, nor incurred any significant expenses or penalties to resolve or settle any security breach in the past three years. For additional information regarding whether any risks from cybersecurity threats are reasonably likely to materially affect our Company, including our business strategy, results of operations, or financial condition, please refer to Item 1A, “Risk Factors—Intellectual Property and Cybersecurity Risks,” in this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We have established policies and processes for assessing, identifying, managing and disclosing, as necessary, risks from cybersecurity threats, and have integrated these processes into our overall risk management systems and processes as described below.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	One of the key functions of our board of directors is informed oversight of our risk management process, including risks from cybersecurity threats. Our board of directors is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible for the day-to-day management of the material risks we face. Our board of directors administers its cybersecurity risk oversight function directly, as well as through the audit committee of the board of directors, which has been tasked with such oversight in the audit committee charter. The audit committee of our board of directors reviews our cybersecurity and information security risks and mitigation strategies. Our VP of IT/IS provides briefings to the audit committee on a quarterly or more often basis as needed regarding our cybersecurity risks and activities, including any recent cybersecurity incidents and related responses and remediation efforts, cybersecurity systems testing, activities of third parties, policies and the like. Our VP of IT/IS is a Certified Information Security Manager (CISM) and has more than 10 years of experience implementing cybersecurity at technology companies. Our VP of IT/IS, together with our internal IT security committee, is primarily responsible for assessing and managing our material risks from cybersecurity threats. We have internal guidelines governing our identification, assessment, communication, and escalation upon the occurrence of a cybersecurity incident. Depending on the nature and severity of an incident, this process provides for escalating notification to the chair of the audit committee, among others as needed, to manage our response.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	One of the key functions of our board of directors is informed oversight of our risk management process, including risks from cybersecurity threats. Our board of directors is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible for the day-to-day management of the material risks we face. Our board of directors administers its cybersecurity risk oversight function directly, as well as through the audit committee of the board of directors, which has been tasked with such oversight in the audit committee charter. The audit committee of our board of directors reviews our cybersecurity and information security risks and mitigation strategies.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our VP of IT/IS provides briefings to the audit committee on a quarterly or more often basis as needed regarding our cybersecurity risks and activities, including any recent cybersecurity incidents and related responses and remediation efforts, cybersecurity systems testing, activities of third parties, policies and the like.
Cybersecurity Risk Role of Management [Text Block]	The audit committee of our board of directors reviews our cybersecurity and information security risks and mitigation strategies. Our VP of IT/IS provides briefings to the audit committee on a quarterly or more often basis as needed regarding our cybersecurity risks and activities, including any recent cybersecurity incidents and related responses and remediation efforts, cybersecurity systems testing, activities of third parties, policies and the like.Our VP of IT/IS is a Certified Information Security Manager (CISM) and has more than 10 years of experience implementing cybersecurity at technology companies. Our VP of IT/IS, together with our internal IT security committee, is primarily responsible for assessing and managing our material risks from cybersecurity threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The audit committee of our board of directors reviews our cybersecurity and information security risks and mitigation strategies. Our VP of IT/IS provides briefings to the audit committee on a quarterly or more often basis as needed regarding our cybersecurity risks and activities, including any recent cybersecurity incidents and related responses and remediation efforts, cybersecurity systems testing, activities of third parties, policies and the like.Our VP of IT/IS is a Certified Information Security Manager (CISM) and has more than 10 years of experience implementing cybersecurity at technology companies. Our VP of IT/IS, together with our internal IT security committee, is primarily responsible for assessing and managing our material risks from cybersecurity threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our VP of IT/IS is a Certified Information Security Manager (CISM) and has more than 10 years of experience implementing cybersecurity at technology companies.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our VP of IT/IS provides briefings to the audit committee on a quarterly or more often basis as needed regarding our cybersecurity risks and activities, including any recent cybersecurity incidents and related responses and remediation efforts, cybersecurity systems testing, activities of third parties, policies and the like. Our VP of IT/IS is a Certified Information Security Manager (CISM) and has more than 10 years of experience implementing cybersecurity at technology companies. Our VP of IT/IS, together with our internal IT security committee, is primarily responsible for assessing and managing our material risks from cybersecurity threats. We have internal guidelines governing our identification, assessment, communication, and escalation upon the occurrence of a cybersecurity incident. Depending on the nature and severity of an incident, this process provides for escalating notification to the chair of the audit committee, among others as needed, to manage our response.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Fair value of financial instruments - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Derivatives designated as hedging instruments
Derivative assets, gross balances	$ 0	$ 2,961
Derivative liabilities, gross balances	(9,084)	(105)
Foreign currency forward and option contracts
Derivatives not designated as hedging instruments
Derivative Assets	0	1,303
Derivative Liabilities	(3,557)	(12)
Foreign currency forward contracts
Derivatives designated as hedging instruments
Derivative Assets	0	1,658
Derivative Liabilities	$ (5,527)	$ (93)

Income taxes -Schedule of IncomeTax Paid (Details) $ in Thousands	12 Months Ended
	Jun. 26, 2026 USD ($)
Income Tax Paid, by Individual Jurisdiction [Line Items]
Total income tax paid	$ 29,405
Thailand
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	10,069
U.S.
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	12,504
China
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	6,538
Other foreign jurisdictions
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	$ 294

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Leases [Abstract]
Rental expense for long-term leases	$ 2.1	$ 1.9	$ 2.4
Rental expense for short-term leases	$ 0.1	$ 0.3	$ 0.9

Revenues from contracts with customers

12 Months Ended

Jun. 26, 2026

Revenue from Contract with Customer [Abstract]

Revenues from contracts with customers

Contract Assets and Liabilities

As of June 26, 2026 and June 27, 2025, the Company's contract assets were immaterial amount.

The following tables summarize the activity in the Company’s contract liabilities during the years ended June 26, 2026, June 27, 2025, and June 28, 2024:


(in thousands)	Contract Liabilities
Balance as of June 30, 2023	$	3,036
Advance payment received during the year	11,069
Revenue recognized	(6,259)
Balance as of June 28, 2024	$	7,846
Advance payment received during the year	23,640
Revenue recognized	(17,019)
Balance as of June 27, 2025	$	14,467
Advance payment received during the year	73,273
Revenue recognized	(83,503)
Balance as of June 26, 2026	$	4,237

Customer Warrant

For the years ended June 26, 2026 and June 27, 2025, the Company recognized $4.8 million and $4.1 million, respectively, as a reduction to revenue on the consolidated statements of operations.

Revenue by Geographic Area and End Market

Beginning in the fourth quarter of fiscal year 2026, the Company updated its geographic area presentation from the bill-to-location of its customers to the ship-to-location of its customers, and updated its revenue category presentation from optical communications and non-optical communications to data center, communications infrastructure, and automotive, industrial and other markets. Prior periods have been recast to conform to the current presentation.

Total revenues are attributed to a particular geographic area based on the ship-to-location of the Company’s customers. The Company operates primarily in three geographic regions: Asia-Pacific and others; North America; and Europe.

The following table presents total revenues by geographic regions:


	Years Ended
(in thousands, except percentages)	June 26, 2026		As a % of Total Revenues		June 27, 2025		As a % of Total Revenues		June 28, 2024		As a % of Total Revenues





Asia-Pacific and others
Thailand	$	2,842,089			$	2,123,346			$	1,817,517
Singapore	254,710				220,282				200,494
Malaysia	113,926				39,275				33,853




China	88,373				58,881				62,088
Israel	54,832				34,802				15,626
Japan	38,040				34,419				21,586

Others	35,509				30,994				94,431
Total revenue in Asia-Pacific and others	3,427,479		73.9	%	2,541,999		74.3	%	2,245,595		77.9	%
North America
U.S.	965,419				679,546				481,664
Mexico	70,565				45,514				34,958
Others (1)	18,261				12,951				7,104
Total revenue in North America	1,054,245		22.7		738,011		21.6		523,726		18.2
Europe
Germany	49,289				45,015				42,542
U.K.	36,542				25,327				15,554

Others	73,542				68,975				55,550
Total revenue in Europe	159,373		3.4		139,317		4.1		113,646		3.9
Total revenue	$	4,641,097	100.0	%	$	3,419,327	100.0	%	$	2,882,967	100.0	%

(1) Others includes Cayman Islands, our country of domicile. For each year presented, we had no revenue attributed to customers in the Cayman Islands.

The following table presents revenues by end market and product category.


(in thousands, except percentages)	Year ended June 26, 2026		As a % of Total Revenues		Year ended June 27, 2025		As a % of Total Revenues		Year ended June 28, 2024		As a % of Total Revenues




Data center (1)	$	2,225,081	47.9	%	$	1,579,915	46.2	%	$	1,529,693	53.1	%




Communications infrastructure (2)	1,546,403		33.3		1,049,397		30.7		767,368		26.6





Automotive, Industrial and Others (3)	869,613		18.8		790,015		23.1		585,906		20.3
Total revenue	$	4,641,097	100.0	%	$	3,419,327	100.0	%	$	2,882,967	100.0	%

(1) Data center includes data center interconnect (DCI), high-performance computing (HPC), and other data center-specific applications.

(2) Communications infrastructure includes communications and networking products that are not specific to data center applications, primarily telecommunications products excluding DCI.

(3) Automotive, Industrial and Others includes products serving automotive components, industrial, medical devices and sensors.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 9
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 12
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Statement of Stockholders' Equity [Abstract]
Repurchased shares (in shares)	13,766	561,858	211,726

- Definition

Number of shares that have been repurchased during the period and are being held in treasury.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.3-04)
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-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 210
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Severance liabilities - Schedule of Severance Liabilities Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Retirement Benefits [Abstract]
Current liabilities	$ 2,319	$ 0
Non-current liabilities	$ 31,776	$ 31,225

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Ordinary Share	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning Balance (in shares) at Jun. 30, 2023		39,284,176
Beginning balance at Jun. 30, 2023	$ 1,468,658	$ 393	$ 206,624	$ (194,833)	$ (8,115)	$ 1,464,589
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	296,181					296,181
Other comprehensive income (loss)	4,974				4,974
Share-based compensation	28,597		28,597
Issuance of ordinary shares (in shares)		173,286
Issuance of ordinary shares	0	$ 2	(2)
Repurchase of shares held as treasury shares	(39,490)			(39,490)
Tax withholdings related to net share settlement of restricted share units	(13,175)		(13,175)
Ending Balance (in shares) at Jun. 28, 2024		39,457,462
Ending balance at Jun. 28, 2024	1,745,745	$ 395	222,044	(234,323)	(3,141)	1,760,770
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	332,527					332,527
Other comprehensive income (loss)	13,435				13,435
Share-based compensation	33,004		33,004
Customer warrant	4,109		4,109
Issuance of ordinary shares (in shares)		144,690
Issuance of ordinary shares	0	$ 1	(1)
Repurchase of shares held as treasury shares	(125,733)			(125,733)
Tax withholdings related to net share settlement of restricted share units	(21,275)		(21,275)
Ending Balance (in shares) at Jun. 27, 2025		39,602,152
Ending balance at Jun. 27, 2025	1,981,812	$ 396	237,881	(360,056)	10,294	2,093,297
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	473,027					473,027
Other comprehensive income (loss)	(9,326)				(9,326)
Share-based compensation	34,630		34,630
Customer warrant	4,800		4,800
Issuance of ordinary shares (in shares)		120,556
Issuance of ordinary shares	0	$ 1	(1)
Repurchase of shares held as treasury shares	(5,231)			(5,231)
Tax withholdings related to net share settlement of restricted share units	(25,456)		(25,456)
Ending Balance (in shares) at Jun. 26, 2026		39,722,708
Ending balance at Jun. 26, 2026	$ 2,454,256	$ 397	$ 251,854	$ (365,287)	$ 968	$ 2,566,324

Fair value of financial instruments - Schedule of Financial Instruments Measured at Fair Value on Recurring Basis (Details) $ in Thousands, $ in Millions	Jun. 26, 2026 USD ($)	Jun. 26, 2026 CAD ($)	Jun. 27, 2025 USD ($)	Jun. 27, 2025 CAD ($)
Assets
Derivative assets - current portion	$ 0		$ 2,961
Total	642,845		641,963
Liabilities
Derivative liabilities - current portion	(9,084)		(105)
Total	(9,084)		(105)
Foreign currency forward contracts
Liabilities
Derivative assets, notional amount	1,000		130,000
Derivative liabilities, notional amount	279,000		35,000
Foreign currency forward contracts \| Canada, Dollars
Liabilities
Derivative assets, notional amount				$ 0.5
Derivative liabilities, notional amount		$ 0.3
Cash equivalents
Assets
Marketable securities	114,501		11,183
Certificates of deposit and time deposits
Assets
Marketable securities	44,250		145,752
Corporate debt securities
Assets
Marketable securities	200,637		189,973
U.S. agency and U.S. Treasury securities
Assets
Marketable securities	$ 283,457		$ 292,094
Level 1
Assets
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets	Other current assets	Other current assets
Derivative assets - current portion	$ 0		$ 0
Total	$ 0		$ 0
Liabilities
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses	Accrued expenses	Accrued expenses
Derivative liabilities - current portion	$ 0		$ 0
Total	0		0
Level 1 \| Cash equivalents
Assets
Marketable securities	0		0
Level 1 \| Certificates of deposit and time deposits
Assets
Marketable securities	0		0
Level 1 \| Corporate debt securities
Assets
Marketable securities	0		0
Level 1 \| U.S. agency and U.S. Treasury securities
Assets
Marketable securities	0		0
Level 2
Assets
Derivative assets - current portion	0		2,961
Total	642,845		641,963
Liabilities
Derivative liabilities - current portion	(9,084)		(105)
Total	(9,084)		(105)
Level 2 \| Cash equivalents
Assets
Marketable securities	114,501		11,183
Level 2 \| Certificates of deposit and time deposits
Assets
Marketable securities	44,250		145,752
Level 2 \| Corporate debt securities
Assets
Marketable securities	200,637		189,973
Level 2 \| U.S. agency and U.S. Treasury securities
Assets
Marketable securities	283,457		292,094
Level 3
Assets
Derivative assets - current portion	0		0
Total	0		0
Liabilities
Derivative liabilities - current portion	0		0
Total	0		0
Level 3 \| Cash equivalents
Assets
Marketable securities	0		0
Level 3 \| Certificates of deposit and time deposits
Assets
Marketable securities	0		0
Level 3 \| Corporate debt securities
Assets
Marketable securities	0		0
Level 3 \| U.S. agency and U.S. Treasury securities
Assets
Marketable securities	$ 0		$ 0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 26, 2026	Jun. 27, 2025
Current assets
Cash and cash equivalents	$ 346,711	$ 306,425
Short-term investments	528,344	627,819
Trade accounts receivable, net of allowance for expected credit losses of $1,050 and $1,344, respectively	1,017,933	758,894
Inventories	1,021,235	581,015
Prepaid expenses	49,915	38,476
Other current assets	195,571	116,210
Total current assets	3,159,709	2,428,839
Non-current assets
Long-term restricted cash	704	0
Property, plant and equipment, net	615,067	380,640
Intangibles, net	2,458	2,156
Operating right-of-use assets	3,974	5,768
Deferred tax assets	19,229	13,406
Non-marketable equity securities	89,103	0
Other non-current assets	20,717	623
Total non-current assets	751,252	402,593
Total Assets	3,910,961	2,831,432
Current liabilities
Trade accounts payable	1,005,761	637,417
Fixed assets payable	86,018	40,781
Operating lease liabilities, current portion	1,189	1,792
Income tax payable	63,469	7,939
Accrued payroll, bonus and related expenses	29,850	24,566
Accrued expenses	56,549	30,630
Severance liabilities, current portion	2,319	0
Other payables	157,470	66,717
Total current liabilities	1,402,625	809,842
Non-current liabilities
Deferred tax liability	1,654	1,595
Operating lease liabilities, non-current portion	2,824	3,679
Severance liabilities, non-current portion	31,776	31,225
Other non-current liabilities	17,826	3,279
Total non-current liabilities	54,080	39,778
Total Liabilities	1,456,705	849,620
Commitments and contingencies (Note 19)
Shareholders’ equity
Preferred shares (5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of June 26, 2026 and June 27, 2025)	0	0
Ordinary shares (500,000,000 shares authorized, $0.01 par value; 39,722,708 shares and 39,602,152 shares issued as of June 26, 2026 and June 27, 2025, respectively; and 35,834,864 shares and 35,728,074 shares outstanding as of June 26, 2026 and June 27, 2025, respectively)	397	396
Additional paid-in capital	251,854	237,881
Less: Treasury shares (3,887,844 shares and 3,874,078 shares as of June 26, 2026 and June 27, 2025, respectively)	(365,287)	(360,056)
Accumulated other comprehensive income (loss)	968	10,294
Retained earnings	2,566,324	2,093,297
Total Shareholders’ Equity	2,454,256	1,981,812
Total Liabilities and Shareholders’ Equity	$ 3,910,961	$ 2,831,432

Restructuring and other related costs	12 Months Ended
Restructuring and other related costs	Jun. 26, 2026
Restructuring and Related Activities [Abstract]
Restructuring and other related costs	Restructuring and other related costs The Company recognizes severance-related charges depending on whether the termination benefits are provided under an ongoing benefit arrangement or under a one-time benefit arrangement. The Company recognizes the charges once the benefits have been communicated to employees. As of June 26, 2026, there was no restructuring liability balance.

Accumulated other comprehensive income (loss) ("AOCI")

12 Months Ended

Jun. 26, 2026

Equity [Abstract]

Accumulated other comprehensive income (loss) ("AOCI")

Accumulated other comprehensive income (loss) (“AOCI”)

The changes in AOCI for the years ended June 26, 2026 and June 27, 2025 were as follows:


(in thousands)	Unrealized Gains (Losses) on Available-for-sale Securities		Unrealized Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustment		Total
Balance as of June 28, 2024	$	(1,179)	$	(980)	$	(982)	$	(3,141)
Other comprehensive income (loss) before reclassification	9,893		5,075		1,228		16,196
Amounts reclassified from AOCI	—		(2,364)		—		(2,364)
Tax effects	—		(397)		—		(397)
Other comprehensive income (loss)	9,893		2,314		1,228		13,435
Balance as of June 27, 2025	8,714		1,334		246		10,294
Other comprehensive income (loss) before reclassification	(3,118)		(11,837)		(114)		(15,069)
Amounts reclassified from AOCI	—		4,751		—		4,751
Tax effects	—		992		—		992
Other comprehensive income (loss)	(3,118)		(6,094)		(114)		(9,326)
Balance as of June 26, 2026	$	5,596	$	(4,760)	$	132	$	968


(in thousands)		Years Ended
AOCI components	Financial statements line item	June 26, 2026		June 27, 2025

Unrealized gains (losses) on derivative instruments	Cost of revenues	$	3,333	$	(1,588)
Unrealized gains (losses) on derivative instruments	Selling, general and administrative expenses	252		(122)
Unrealized gains (losses) on derivative instruments	Foreign exchange gain (loss), net	1,166		(654)


Total amounts reclassified from AOCI		$	4,751	$	(2,364)

Inventories

12 Months Ended

Jun. 26, 2026

Inventory Disclosure [Abstract]

Inventories


(in thousands)	As of June 26, 2026		As of June 27, 2025
Raw materials	$	374,773	$	145,128
Work in progress	568,300		377,736
Finished goods	30,967		33,016
Goods in transit	47,195		25,135
Inventories	$	1,021,235	$	581,015

Commitments and contingencies	12 Months Ended
Commitments and contingencies	Jun. 26, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Bank guarantees As of June 26, 2026 and June 27, 2025, there were outstanding bank guarantees on behalf of the Company's subsidiary in Thailand for electricity usage and other normal business expenses of Thai baht 83.3 million and Thai baht 75.7 million, respectively, or approximately $2.5 million and $2.3 million, respectively. As of June 26, 2026, the Company had an outstanding bank guarantee on behalf of its subsidiary in China to support the subsidiary's operations of Chinese Renminbi (“RMB”) 4.8 million ($0.7 million) and the bank guarantee was backed by cash collateral of $0.7 million. In addition, there were other immaterial bank guarantees on behalf of the Company's subsidiary in Israel to support the subsidiary's operations. Purchase obligations Purchase obligations represent legally binding commitments to purchase inventory and other commitments made in the normal course of business to meet operational requirements. Although open purchase orders are considered enforceable and legally binding, their terms generally give the Company the option to cancel, reschedule and/or adjust its requirements based on its business needs prior to the delivery of goods or performance of services. Obligations to purchase inventory and other commitments are generally expected to be fulfilled within one year. As of June 26, 2026, the Company had purchase obligations and other commitments to third parties of $3.15 billion. Capital expenditure In February 2025, the Company entered into a construction contract with a local contractor for construction of a new manufacturing building at the Company's Chonburi campus. The contract price is approximately $132.5 million (Thai baht 4.45 billion). As of June 26, 2026, the Company had total capital expenditure commitments to third parties of $108.1 million. Credit facility agreement 2019 Credit Facility Agreement On August 20, 2019, Fabrinet Thailand (the “Borrower”) and Bank of Ayudhya Public Company Limited (the “Bank”) entered into a credit facility agreement (the “2019 Credit Facility Agreement”), which provides for a facility of Thai baht 110.0 million (approximately $3.6 million based on the applicable exchange rate as of September 27, 2019) and $160.9 million that may be used for, among other things, an overdraft facility, short-term loans against promissory notes, a letter of guarantee facility, a term loan facility and foreign exchange facilities. The Bank may approve any request for extension of credit under the 2019 Credit Facility Agreement and may increase or decrease any facility amount in its sole discretion. On August 17, 2026, the Borrowers and the Bank amended the 2019 Credit Facility Agreement to increase the facility to Thai baht 2.61 billion (approximately $78.3 million based on the applicable exchange rate as of August 17, 2026) and $100.0 million. The credit facility will mature on August 20, 2044. Under the 2019 Credit Facility Agreement, on August 17, 2026, the Borrower and the Bank entered into a term loan agreement (the “Term Loan Agreement”) in the original principal amount of Thai baht 2.50 billion (approximately $75.0 million based on the applicable exchange rate as of August 17, 2026). The proceeds from the term loan, together with cash on hand, were used to support the Company's capital expenditures. 2023 Credit Facility Agreement On March 9, 2023, Fabrinet Thailand and the Parent Company (collectively, the “Borrowers”) and the Bank of Ayudhya Public Company Limited (the “Bank”) entered into a credit facility agreement (the “2023 Credit Facility Agreement”), which provided a facility of $55.0 million. During the three months ended December 27, 2024, the Borrowers and the Bank amended the 2023 Credit Facility Agreement to reduce the facility to $30.0 million, which may be used for export bill discount. The credit facility will mature on March 9, 2043. As of June 26, 2026, there was no amount outstanding under the 2023 Credit Facility Agreement. Under the 2023 Credit Facility Agreement, the Borrowers are required to maintain a debt-to-equity ratio of less than or equal to 1.5 times for Fabrinet Thailand and 1.0 times for the Parent Company. As of June 26, 2026, the Borrowers were in compliance with all of their financial covenants under the 2023 Credit Facility Agreement. Litigation and claim On June 28, 2024, Ngan In Leng and First Laser Limited (collectively, the “Plaintiffs”) filed a complaint in the Fuzhou Intermediate People’s Court (the “Court”) in Fuzhou, China against Fujian Enterprises (Holdings) Co., Ltd. (“FEHC”), Jian An Investment Limited (“Jian”), and Casix, Inc. (“Casix”), the Company's wholly-owned subsidiary located in the PRC. The complaint alleged unjust enrichment related to a purported investment in Casix by the Plaintiffs in 1997, which predates the Company's acquisition of Casix from JDS Uniphase Corporation. The Plaintiffs requested that the Court order FEHC to return the unjust enrichment to the Plaintiffs in the amount of RMB 400 million, with interest from March 1, 2000, and order Jian and Casix to bear joint and several liability for all payment obligations of FEHC. In September 2024, the Court dismissed the complaint in its entirety based on jurisdictional grounds. The Plaintiffs subsequently appealed the Court’s ruling to the High People's Court of Fujian Province (the "Appellate Court"). In their appeal, the Plaintiffs claimed that Casix is the primary obligor to return the alleged unjust enrichment to the Plaintiffs. In November 2025, the Appellate Court upheld the Court's ruling and dismissed the lawsuit on jurisdictional grounds. In April 2026, the Plaintiffs appealed the Appellate Court’s ruling to the Supreme People’s Court of the People’s Republic of China (the “PRC Supreme Court”). The PRC Supreme Court held an initial hearing on July 2, 2026 and, on July 30, 2026, rendered a ruling accepting the case for retrial. The acceptance of the case for retrial does not represent a determination on the merits of the Plaintiffs' claims. At this time, the Company is not able to quantify any potential liability in connection with this litigation because of the early stage of this litigation. Other Matters Following the February 2026 ruling by the United States Supreme Court striking down certain tariffs imposed under the International Emergency Economic Powers Act, U.S. Customs and Border Protection has since announced steps toward an administrative process to address potential tariff refunds. However, the availability, timing, and amount of any potential refunds remain uncertain and are subject to ongoing legal, regulatory, and administrative developments. The Company continues to monitor the situation, including any potential refunds of such tariffs, and evaluate the impact on its results of operations. As of June 26, 2026, the Company evaluated the potential recovery of previously incurred tariffs under a loss‑recovery model and has not recorded a receivable because recovery is not considered probable. Indemnification of directors and officers Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of directors and officers, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Fabrinet’s amended and restated memorandum and articles of association provide for indemnification of directors and officers for actions, costs, charges, losses, damages and expenses incurred in their capacities as such, except that such indemnification does not extend to any matter in respect of any fraud or dishonesty that may attach to any of them. In accordance with Fabrinet’s form of indemnification agreement for its directors and officers, Fabrinet has agreed to indemnify its directors and officers against certain liabilities and expenses incurred by such persons in connection with claims by reason of their being such a director or officer. Fabrinet maintains a director and officer liability insurance policy that may enable it to recover a portion of any future amounts paid under the indemnification agreements.

Share-based compensation - Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 34,630	$ 33,004	$ 28,374
Income Statement Location [Axis]: us-gaap:CostOfRevenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	11,459	10,456	7,203
Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 23,171	$ 22,548	$ 21,171

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Income Statement [Abstract]
Revenues	$ 4,641,097	$ 3,419,327	$ 2,882,967
Cost of revenues	(4,084,586)	(3,005,978)	(2,526,849)
Gross profit	556,511	413,349	356,118
Selling, general and administrative expenses	(93,507)	(87,466)	(78,481)
Restructuring and other related costs	(117)	(1,436)	(32)
Operating income	462,887	324,447	277,605
Interest income	32,418	40,162	33,204
Interest expense	(84)	0	(124)
Foreign exchange gain (loss), net	2,866	(9,251)	382
Other income (expense), net	57,026	(178)	287
Income before income taxes	555,113	355,180	311,354
Income tax expense	(82,086)	(22,653)	(15,173)
Net income	473,027	332,527	296,181
Other comprehensive income (loss), net of tax
Change in net unrealized gain (loss) on available-for-sale securities	(3,118)	9,893	2,100
Change in net unrealized gain (loss) on derivative instruments	(6,094)	2,314	2,561
Change in net retirement benefits plan – prior service cost	0	0	330
Change in foreign currency translation adjustment	(114)	1,228	(17)
Total other comprehensive income (loss), net of tax	(9,326)	13,435	4,974
Net comprehensive income	$ 463,701	$ 345,962	$ 301,155
Earnings per share
Basic (in USD per share)	$ 13.21	$ 9.23	$ 8.17
Diluted (in USD per share)	$ 13.05	$ 9.17	$ 8.10
Weighted average number of ordinary shares outstanding (thousands of shares)
Basic (in shares)	35,815	36,017	36,246
Diluted (in shares)	36,252	36,267	36,564

Trade accounts receivable, net - Credit Losses Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Credit losses, beginning balance	$ 1,344	$ 1,629	$ 965
Provision during the year	161	540	2,164
Reversal during the year	(455)	(825)	(1,500)
Credit losses, ending balance	$ 1,050	$ 1,344	$ 1,629

Property, plant and equipment, net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Property, Plant, and Equipment [Line Items]
Depreciation expense	$ 67,500	$ 52,500	$ 48,200
Property, plant and equipment written-off, fully depreciated cost	6,500	12,500	10,700
Impairment reserve for property, plant and equipment	279	289
Property, plant and equipment
Property, Plant, and Equipment [Line Items]
Impairment reserve for property, plant and equipment	$ 300	$ 300	$ 300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jun. 26, 2026
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Non-marketable equity securities - Narrative (Details) $ in Thousands, $ in Millions	12 Months Ended
	Jun. 26, 2026 USD ($)	Jun. 27, 2025 USD ($)	Jun. 28, 2024 USD ($)	Mar. 25, 2026 USD ($)	Mar. 25, 2026 TWD ($)
Marketable Securities [Line Items]
Purchase price amount	$ 89,103	$ 0
Unrealized gains	$ 56,743	$ 0	$ 0
Raytek Semiconductor, Inc. (“Raytek”)
Marketable Securities [Line Items]
Share purchase agreement acquired (as a percent)				13.80%	13.80%
Purchase price amount				$ 32,400	$ 1,020

Revenues from contracts with customers - Schedule of Revenues by End Market (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Disaggregation of Revenue [Line Items]
Revenues	$ 4,641,097	$ 3,419,327	$ 2,882,967
Revenue from Contract with Customer Benchmark \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
As a % of Total Revenues	100.00%	100.00%	100.00%
Data center
Disaggregation of Revenue [Line Items]
Revenues	$ 2,225,081	$ 1,579,915	$ 1,529,693
Data center \| Revenue from Contract with Customer Benchmark \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
As a % of Total Revenues	47.90%	46.20%	53.10%
Communications infrastructure
Disaggregation of Revenue [Line Items]
Revenues	$ 1,546,403	$ 1,049,397	$ 767,368
Communications infrastructure \| Revenue from Contract with Customer Benchmark \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
As a % of Total Revenues	33.30%	30.70%	26.60%
Automotive, Industrial and Others
Disaggregation of Revenue [Line Items]
Revenues	$ 869,613	$ 790,015	$ 585,906
Automotive, Industrial and Others \| Revenue from Contract with Customer Benchmark \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
As a % of Total Revenues	18.80%	23.10%	20.30%

- Definition

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Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

+ Details

Restructuring and other related costs (Details)	Jun. 26, 2026 USD ($)
Restructuring and Related Activities [Abstract]
Restructuring reserve	$ 0

Cash, cash equivalents and short-term investments - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Cash, cash equivalents and marketable securities [Line Items]
Maturities period of marketable securities (or less)	3 months
Effective interest rate on short term bank deposits	3.70%	4.20%
Percentage of cash and cash equivalents held by parent company	83.00%	81.00%
Impairment loss on available-for-sale debt securities	$ 0	$ 0
Certificate of deposit and time deposits
Cash, cash equivalents and marketable securities [Line Items]
Debt securities, available-for-sale	33,200,000	125,700,000
Bank Time Deposits
Cash, cash equivalents and marketable securities [Line Items]
Debt securities, available-for-sale	$ 11,000,000.0	$ 20,000,000.0

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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-Name Accounting Standards Codification
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+ Details

Business segments and geographic information - Schedule of Accounts Receivable from Individual Customers Representing Ten Percent or More of Accounts Receivable (Details) - Accounts Receivable - Customer Concentration Risk	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Cisco Systems, Inc.
Schedule Of Entity Wide Accounts Receivable By Major Customers By Reporting Segments [Line Items]
Concentration of risk percentage	16.10%	13.70%
Nokia Corporation
Schedule Of Entity Wide Accounts Receivable By Major Customers By Reporting Segments [Line Items]
Concentration of risk percentage	14.20%	12.00%
Amazon.com, Inc.
Schedule Of Entity Wide Accounts Receivable By Major Customers By Reporting Segments [Line Items]
Concentration of risk percentage	11.50%
NVIDIA Corporation
Schedule Of Entity Wide Accounts Receivable By Major Customers By Reporting Segments [Line Items]
Concentration of risk percentage		25.50%

- Definition

+ References + Details

Intangibles - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Intangible Asset, Goodwill and Other [Abstract]
Amortization expense related to intangibles	$ 0.9	$ 0.9	$ 1.0

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

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+ Details

Share-based compensation - Schedule of Performance Share Unit Activity (Details) - Performance Share Units - $ / shares	12 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024
Number of Shares
Beginning balance (in shares)	120,916	171,078	204,016
Granted (in shares)	48,806	46,980	73,936
Vested (in shares)	(73,936)	(97,142)	(106,874)
Forfeited (in shares)	(1,099)
Ending balance (in shares)	94,687	120,916	171,078
Expected to vest (in shares)	94,687
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (in USD per share)	$ 198.90	$ 135.31	$ 108.81
Granted (in USD per share)	277.04	261.84	158.91
Vested (in USD per share)	158.91	117.35	101.05
Forfeited (in USD per share)	261.84
Ending balance (in USD per share)	269.67	$ 198.90	$ 135.31
Expected to vest (in USD per share)	$ 269.67

Share-based compensation - Share-based award activity (Details) - shares	Jun. 26, 2026	Jun. 27, 2025	Jun. 28, 2024	Jun. 30, 2023	Dec. 12, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)	1,567,007
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)	1,455,660				1,700,000
2017 Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)	111,347
Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	211,574	263,014	306,660	368,765
Restricted Share Units \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	211,574
Restricted Share Units \| 2017 Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	0
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	94,687	120,916	171,078	204,016
Performance Share Units \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	94,687
Performance Share Units \| 2017 Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Business segments and geographic information - Additional Information (Details)	12 Months Ended
	Jun. 26, 2026 segment
Segment Reporting [Abstract]
Number of operating segment	1
Number of Reportable Segments	1

Intangibles

12 Months Ended

Jun. 26, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangibles

The following tables present details of the Company’s intangibles:


(in thousands)	As of June 26, 2026		As of June 27, 2025
Software
Gross carrying amount	$	13,365	$	12,159
Accumulated amortization	(10,907)		(10,003)
Net	$	2,458	$	2,156

The Company recorded amortization expense relating to intangibles of $0.9 million, $0.9 million and $1.0 million for the years ended June 26, 2026, June 27, 2025 and June 28, 2024, respectively.

The weighted-average remaining life of software was:


(years)	As of June 26, 2026	As of June 27, 2025
Software	2.7	3.6

Based on the carrying amount of intangibles as of June 26, 2026, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:


(in thousands)
2027	$	875
2028	711
2029	503
2030	281
2031	88

Total	$	2,458