Fabrinet shares surge 6.94% intraday after reporting record Q2 revenue of $1.13B, 36% YOY growth, driven by AI data center demand and strong optical communications performance.

Fabrinet surged 6.94% in intraday trading, driven by a record $1.133 billion Q2 revenue (36% YoY growth) and strong AI data center demand. The company reported $833 million in optical communications revenue (29% YoY growth), including $554.4 million in telecom (59.3% YoY growth) and robust demand for data center interconnect modules. Fabrinet also forecasted Q3 revenue of $1.15–$1.2 billion (35% YoY growth).