Fabrinet Surges 7% on AI Optics Boom

Fabrinet shares jumped over 7% to $663.65, extending a year-long rally that has more than doubled the stock. The surge follows record fiscal Q2 2026 revenue of $1.13 billion, up 36% year-over-year, driven by explosive demand for AI data center optical components, with high-performance computing revenue leaping from $15 million to $86 million in a single quarter. The Bangkok-based manufacturer is expanding aggressively, constructing a 2-million-square-foot facility in Thailand targeting $3 billion in additional annual capacity. A new silicon photonics partnership with iPronics and strong Q3 guidance of up to $1.2 billion in revenue signal continued growth as AI infrastructure spending remains at record levels.