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1 COMPANY OVERVIEW February 2, 2026
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2 Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our business plans and objectives, potential growth opportunities, competitive position, industry environment and potential market opportunities. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but not limited to: changes in general economic conditions, either globally or in our markets, and the risk of recession or an economic downturn; disruption to our supply chain, which could increase our costs and affect our ability to procure parts and materials; less customer demand for our products and services than forecasted; less growth in the optical communications, industrial lasers and sensors markets than we forecast; difficulties expanding into additional markets, such as the semiconductor processing, biotechnology, metrology and materials processing markets; increased competition in the optical manufacturing services markets; difficulties in delivering products and services that compete effectively from a price and performance perspective; our reliance on a small number of customers and suppliers; difficulties in managing our operating costs; difficulties in managing and operating our business across multiple countries (including Thailand, the People’s Republic of China, Israel, and the U.S.); and other important factors as described in reports and documents we file from time to time with the Securities and Exchange Commission (SEC), including the factors described under the section captioned “Risk Factors” in our most recent annual and quarterly reports on Form 10-K and Form 10-Q. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These factors may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assume responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations, except as required by law.
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3 Fabrinet West Santa Clara Fabrinet Pinehurst / Chonburi VitroCom New Jersey Casix Fuzhou Fabrinet Israel Fabrinet Overview Global leader in advanced precision optical/ electronic/mechanical manufacturing services Focus on mission-critical components and modules in any mix and any volume Serving growing industrial markets Telecom and Datacom Optical Communications High-Performance Computing Automotive and Industrial Lasers Medical and Other components and sub-systems Long-lasting customer relationships with programs extending from new product introduction (NPI) to volume production Highly seasoned management team with extensive and diversified manufacturing experience in OEM and EMS industriesCORE VALUES Total Customer Satisfaction Sustainable Manufacturing Positive Work Environment Integrity >16,000 employees >3.5 million sq. ft. Factories in Thailand, China, New Jersey, California, and Israel FN
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4 Markets and Products Automotive EV Charging LIDAR LED & Laser Lighting Safety & Control Sensors Pressure & Temperature Sensors Industrial Lasers Lasers Solid-State Lasers Gas Lasers Ultrafast Lasers Optical Communications Transceivers Modulators Optical Amplifiers ROADM Silicon Photonics Line Cards Network Systems Other Medical Diagnostics Metrology & Instrumentation Customized Optics and Passive Devices – Vertical Integration Beam Splitters, Prisms, Laser Crystals, Waveplates, Ferrules High- Performance Computing Complex PCBA
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5 Efficient Global Manufacturing Footprint Custom Optics Precision Optical and Electronic Packaging and Assembly Quickturn NPI Services Pinehurst Campus, Thailand Fabrinet Israel Fabrinet West, CA, USA Casix , China Vitrocom , NJ, USA Chonburi Campus, Thailand
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6 Investment Highlights Differentiated business model with low-cost structure Highly differentiated expertise in precision manufacturing technologies enabling next-generation products Large and growing addressable markets Strong, long-term relationships with industry-leading OEMs Demonstrated track record of consistent growth and profitability Experienced management team with history of execution
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7 QUARTERLY CONSOLIDATED REVENUE ($M) Strong Revenue Trends OPTICAL COMMUNICATIONS REVENUE ($M) NON-OPTICAL COMMUNICATIONS REVENUE ($M) 665 732 872 656 753 910 686 804 978 713 834 1,133 0 200 400 600 800 1,000 1,200 Mar'23 Mar'24 Mar'25* Jun '23 Jun'24 Jun'25 Sep'23 Sep'24 Sep'25 Dec'23 Dec'24 Dec'25 Optical communications Non-optical communications 503 591 657 502 596 689 533 626 747 568 647 833 0 200 400 600 800 1,000 163 140 215 154 157 221 152 178 231 145 186 300 0 50 100 150 200 250 300 350 *The quarter ended March 28, 2025 includes a non-cash stock-based accounting contra-revenue adjustment of $(3.9 million)
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8 35.7% 38.1% 41.7% 42.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% FY24 FY25 2Q25 2Q26 NON-GAAP GROSS MARGIN AND NON-GAAP OPERATING MARGIN (1) Consistent Profitability RETURN ON INVESTED CAPITAL (2) 12.6% 12.4% 12.4% 12.4% 10.6% 10.5% 10.6% 10.9% 0.0% 5.0% 10.0% 15.0% FY2024 FY2025 2Q25 2Q26 Gross margin Operating margin % of Sales (1) Excludes share based compensation, executive separation cost, depreciation of fair value uplift/intangibles, restructuring costs, etc. See Appendix for a reconciliation to most comparable GAAP measures. (2) Return on Invested Capital = non-GAAP net income divided by average invested capital. Invested capital = total debt + shareholder equity – cash & equivalents, marketable securities and restricted cash. For ROIC in the current fiscal quarter and the prior year fiscal quarter, non-GAAP net income is annualized by multiplying the fiscal quarter’s non-GAAP net income by 4. See Appendix for a reconciliation to most comparable GAAP measures.
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9 Recent Financial Performance Key Financials $Millions (USD), except per share figures 3 months ended 26-Dec-25 27-Dec-24 Revenue $1,132.9 $833.6 Y-o-Y change 36% 17% Gross profit (non-GAAP) (1) $140.3 $103.6 Gross margin (non-GAAP) (1) 12.4% 12.4% Operating profit (non-GAAP) (1) $123.4 $88.1 Operating margin (non-GAAP) (1) 10.9% 10.6% Net Income (GAAP) $112.6 $86.6 Net Income (non-GAAP) (1) $121.6 $95.1 Diluted EPS (GAAP) $3.11 $2.38 Diluted EPS (non-GAAP) (1) $3.36 $2.61 • Record Q2 revenue of $1,133 million exceeded guidance • Q2 non-GAAP operating margin grew to 10.9% • Q2 non-GAAP EPS of $3.36 exceeded guidance, and was a new record (1) See Appendix for a reconciliation to most comparable GAAP measure
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10 Strong Balance Sheet Supports Growth Strategy (1) Cash & cash equivalents include marketable securities and restricted cash (2) Calculated as Trade accounts receivable + Inventory – Trade accounts payable (3) Calculated as the sum of current & long-term debt, net of unamortized debt issuance costs Selected Items $Millions (USD) As of Dec 26, 2025 Cash, cash equivalents(1) $961.5 Working capital (2) $816.9 Property, plant & equipment, net $460.1 Total debt(3) $0.0 Total shareholders’ equity $2,184.8
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11 Revenue Mix Optical and non-optical revenue mix presented as % of total revenue Datacom and telecom revenue mix presented as % of optical revenue F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 Optical Communications 80% 81% 79% 78% 78% 75% 76% 76% 73% Datacom 51% 52% 53% 53% 46% 38% 40% 37% 33% Telecom 49% 48% 47% 47% 54% 62% 60% 63% 67% Non-Optical Communications 20% 19% 21% 22% 22% 25% 24% 24% 27%
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12 Revenue by Product Category ($Millions USD) F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 Optical Communications $567.9 $591.4 $596.4 $626.3 $647.1 $657.2 $688.7 $746.9 $832.6 Datacom 288.1 305.5 314.7 328.9 299.1 251.1 276.9 273.1 278.1 Telecom 279.8 286.0 281.7 297.4 348.0 406.1 411.8 473.8 554.4 DCI1 57.0 71.5 73.9 71.8 100.0 103.4 107.0 138.1 142.2 Non-Optical Communications $144.8 $140.1 $156.9 $177.9 $186.5 $214.62 $221.0 $231.2 $300.3 High-Performance Computing 15.4 85.6 Automotive 79.2 73.6 86.0 102.7 104.2 129.5 127.9 121.9 117.0 Industrial Laser 30.3 30.3 32.1 35.3 37.5 40.5 39.7 39.7 41.4 Other 35.2 36.1 38.7 39.8 44.7 44.62 53.4 54.2 56.4 Total Revenue $712.7 $731.5 $753.3 $804.2 $833.6 $871.82 $909.7 $978.1 $1,132.9 1 DCI (Datacenter Interconnect) revenue is included in Telecom revenue 2 The quarter ended March 28, 2025 includes a non-cash stock-based accounting contra-revenue adjustment of $(3.9 million)
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Appendix 13
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14 Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Revenue $ 1,132,888 $ 909,692 $ 833,608 $ 3,419,327 $ 2,882,967 Gross profit (GAAP) $ 137,682 $ 111,291 $ 100,849 $ 413,349 $ 356,118 Share-based compensation expenses 2,644 2,573 2,764 10,456 7,203 Gross profit (Non-GAAP) $ 140,326 $ 113,864 $ 103,613 $ 423,805 $ 363,321 Gross margin (GAAP) 12.2% 12.2% 12.1% 12.1% 12.4% Gross margin (Non-GAAP) 12.4% 12.5% 12.4% 12.4% 12.6% Reconciliation of GAAP Operating Profit and GAAP Operating Margin to Non-GAAP Operating Profit and Non-GAAP Operating Margin (in thousands of U.S. dollars) Revenue $ 1,132,888 $ 909,692 $ 833,608 $ 3,419,327 $ 2,882,967 Operating profit (GAAP) $ 114,401 $ 89,056 $ 79,597 $ 324,447 $ 277,605 Share-based compensation expenses 8,757 8,101 8,438 33,004 28,374 Legal and litigation 254 250 - 1,077 - Restructuring and other related costs - 69 46 1,436 32 Severance payment - - 18 748 - Operating profit (Non-GAAP) $ 123,412 $ 97,476 $ 88,099 $ 360,712 $ 306,011 Operating margin (GAAP) 10.1% 9.8% 9.5% 9.5% 9.6% Operating margin (Non-GAAP) 10.9% 10.7% 10.6% 10.5% 10.6% June 27, 2025 June 28, 2024 June 28, 2024 Three Months Ended December 27, 2024 December 27, 2024 Three Months Ended December 26, 2025 June 27, 2025 December 26, 2025 June 27, 2025 Twelve Months Ended Twelve Months Ended June 27, 2025 Non-GAAP Reconciliation of Gross Margin and Operating Margin
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15 Non-GAAP Reconciliation of Net Profit and EPS Reconciliation of GAAP measures to non-GAAP measures (in thousands of U.S. dollars, except per share data) Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS GAAP measures 112,628 3.11 95,926 2.66 86,636 2.38 Related to cost of revenues: Share-based compensation expenses 2,644 0.07 3,519 0.10 2,764 0.08 Total related to cost of revenues 2,644 0.07 3,519 0.10 2,764 0.08 Share-based compensation expenses 6,113 0.17 5,552 0.15 5,674 0.15 Legal and litigation 254 0.01 256 0.01 - - Severance payment and others - - 72 0.00 18 0.00 6,367 0.18 5,880 0.16 5,692 0.15 Restructuring and other related costs - - - - 46 0.00 - - - - 46 0.00 Total related to net income & EPS 9,011 0.25 9,399 0.26 8,502 0.23 Non-GAAP measures 121,639 3.36 105,325 2.92 95,138 2.61 Shares used in computing diluted net income per share GAAP diluted shares 36,253 36,097 36,402 Non-GAAP diluted shares 36,253 36,097 36,402 December 27,2024 FQ2'26 FQ1'26 FQ2'25 December 26,2025 September 26,2025 Items reconciling GAAP net income & EPS to non-GAAP Related to selling, general and administrative expenses: Total related to selling, general and administrative expenses Related to other income and expense: Total related to other income and expense