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Share-based compensation - Schedule of Share-based Award Activity (Details) - shares	Dec. 26, 2025	Jun. 27, 2025	Dec. 27, 2024	Jun. 28, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)	1,572,144
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)	1,460,797
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)	225,573	263,014	285,740	306,660
Restricted share units \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	225,573
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)	94,391	120,916	120,916	171,078
Performance share units \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units outstanding (in shares)	94,391
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

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+ Details

Restructuring and other related cost (Details)	Dec. 26, 2025 USD ($)
Restructuring and Related Activities [Abstract]
Severance liabilities	$ 0

Revenues from contracts with customers - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 26, 2025 USD ($)	Dec. 26, 2025 USD ($) region
Revenue from Contract with Customer [Abstract]
Number of geographic regions \| region		3
Warrant issued \| $	$ 0.8	$ 1.1

Share-based compensation - Schedule of Performance Share Unit Activity (Details) - Performance share units - $ / shares	6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024
Number of Shares
Number of share units, beginning balance (in shares)	120,916	171,078
Number of share units, granted (in shares)	48,806	46,980
Number of share units, vested (in shares)	(73,936)	(97,142)
Number of share units, forfeited (in shares)	(1,395)	0
Number of share units, ending balance (in shares)	94,391	120,916
Weighted- Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, beginning balance (in USD per share)	$ 198.90	$ 135.31
Weighted-average grant date fair value per share, granted (in USD per share)	277.04	261.84
Weighted-average grant date fair value per share, vested (in USD per share)	158.91	117.35
Weighted-average grant date fair value per share, forfeited (in USD per share)	261.84	0
Weighted-average grant date fair value per share, ending balance (in USD per share)	$ 269.70	$ 198.90

Earnings per ordinary share

6 Months Ended

Dec. 26, 2025

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 period using the treasury stock method. Dilutive ordinary equivalent shares consist of restricted share units, performance share units and warrant shares.

Earnings per ordinary share was calculated as follows:


	Three Months Ended				Six Months Ended
(in thousands, except per share data)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Net income attributable to shareholders	$	112,628	$	86,636	$	208,554	$	164,030
Weighted-average number of ordinary shares outstanding	35,828		36,163		35,800		36,183
Incremental shares arising from the assumed vesting of restricted share units and performance share units	227		239		206		222
Incremental shares arising from the assumed vesting of customer warrant	198		—		169		—
Weighted-average number of ordinary shares for diluted earnings per ordinary share	36,253		36,402		36,175		36,405
Basic earnings per ordinary share	$	3.14	$	2.40	$	5.83	$	4.53
Diluted earnings per ordinary share	$	3.11	$	2.38	$	5.77	$	4.51
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (1)	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.

Revenues from contracts with customers - Schedule of Revenues by End Market and Product (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Disaggregation of Revenue [Line Items]
Revenues	$ 1,132,888	$ 833,608	$ 2,111,016	$ 1,637,836
Product concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	100.00%	100.00%	100.00%	100.00%
Optical communications
Disaggregation of Revenue [Line Items]
Revenues	$ 832,590	$ 647,150	$ 1,579,486	$ 1,273,465
Optical communications \| Product concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	73.50%	77.60%	74.80%	77.80%
Optical communications \| Telecom
Disaggregation of Revenue [Line Items]
Revenues	$ 412,248	$ 299,101	$ 747,968	$ 627,982
Optical communications \| Datacom
Disaggregation of Revenue [Line Items]
Revenues	278,142	248,010	551,238	473,637
Optical communications \| Datacenter interconnect
Disaggregation of Revenue [Line Items]
Revenues	142,200	100,039	280,280	171,846
Non-optical communications
Disaggregation of Revenue [Line Items]
Revenues	$ 300,298	$ 186,458	$ 531,530	$ 364,371
Non-optical communications \| Product concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	26.50%	22.40%	25.20%	22.20%
Non-optical communications \| Automotive
Disaggregation of Revenue [Line Items]
Revenues	$ 116,956	$ 104,247	$ 238,904	$ 206,988
Non-optical communications \| Industrial laser
Disaggregation of Revenue [Line Items]
Revenues	41,432	37,542	81,111	72,868
Non-optical communications \| High-performance computing
Disaggregation of Revenue [Line Items]
Revenues	85,556		100,959
Non-optical communications \| Others
Disaggregation of Revenue [Line Items]
Revenues	$ 56,354	$ 44,669	$ 110,556	$ 84,515

Share-based compensation - Schedule of Shared-Based Payment Fair Value Per Share Assumptions 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

+ Details

Revenues from contracts with customers - Schedule of Activity in the Company's Contract Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Dec. 26, 2025 USD ($)
Contract Liabilities
Beginning balance, June 27, 2025	$ 14,467
Advance payments received during the period	17,855
Revenue recognized	(14,883)
Ending balance, December 26, 2025	$ 17,439

Commitments and contingencies	6 Months Ended
Commitments and contingencies	Dec. 26, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Bank guarantees As of December 26, 2025 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 totaling $2.5 million and $2.3 million, respectively, or Thai baht 77.3 million and 75.7 million, respectively. As of December 26, 2025, 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 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 December 26, 2025, the Company had purchase obligations and other commitments to third parties of $1.94 billion. Capital expenditures 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 December 26, 2025, the Company had total capital expenditure commitments to third parties of $193.7 million. 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. 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, among other things, an overdraft facility. The Credit Facility will mature on August 20, 2039. As of December 26, 2025, 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 December 26, 2025, 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.

Intangibles - Schedule of Weighted-Average Remaining Life of Intangible Assets (Details)	6 Months Ended	12 Months Ended
	Dec. 26, 2025	Jun. 27, 2025
Software
Finite-Lived Intangible Liabilities [Line Items]
Weighted average remaining life of acquired intangible assets	3 years 1 month 6 days	3 years 7 months 6 days

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 26, 2025
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

Business segments and geographic information - Schedule of Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 465,030	$ 386,408
Thailand
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	414,396	338,127
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	33,399	30,374
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	14,242	14,378
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	2,354	2,727
Others
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 639	$ 802

Fair value of financial instruments

6 Months Ended

Dec. 26, 2025

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 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 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 December 26, 2025
Assets
Cash equivalents	$	—	$	11,507		$	—	$	11,507

Certificates of deposit and time deposits	—		108,362			—		108,362
Corporate debt securities	—		233,711			—		233,711
U.S. agency and U.S. treasury securities	—		298,845			—		298,845
Derivative assets – current portion	—		5,394		(1)	—		5,394

Total	$	—	$	657,819		$	—	$	657,819
Liabilities
Derivative liabilities – current portion	$	—	$	(29)	(2)	$	—	$	(29)

Total	$	—	$	(29)		$	—	$	(29)


	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 contracts with an aggregate notional amount of $189.0 million and 0.4 million Canadian dollars.

(2)Foreign currency forward contracts with an aggregate notional amount of $11.0 million.

(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 unaudited condensed 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 as foreign exchange gain (loss), net in the unaudited condensed consolidated statements of operations and comprehensive income.

As of December 26, 2025, the Company had 200 outstanding U.S. dollar foreign currency forward contracts against Thai baht, with an aggregate notional amount of $200.0 million and maturity dates ranging from December 2025 through July 2026 and one outstanding Canadian dollar foreign currency forward contract with a notional amount of 0.4 million Canadian dollars and a maturity date in March 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 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 a maturity date in September 2025.

As of December 26, 2025, the hedging relationship over foreign currency forward contracts designated for hedge accounting was determined to be highly effective based on the performance of retrospective and prospective regression testing. As of December 26, 2025, the amount in accumulated other comprehensive income (“AOCI”) expected to be reclassified into earnings within 12 months was a gain of $4.3 million.

As of June 27, 2025, the hedging relationship over foreign currency forward contracts designated for hedge accounting had been tested to be highly effective based on the performance of retrospective and prospective regression testing. As of June 27, 2025, the amount in AOCI expected to be reclassified into earnings within 12 months as gain was $1.5 million.

During the three and six months ended December 26, 2025, the Company included an unrealized gain of $1.2 million and unrealized loss of $0.1 million, respectively, from changes in the fair value of a foreign currency forward contract that was not designated for hedge accounting in earnings as foreign exchange gain (loss), net in the unaudited condensed consolidated statements of operations and comprehensive income.

During the three and six months ended December 27, 2024, the Company included unrealized loss of $5.1 million and $1.0 million, respectively, from changes in the fair value of a foreign currency forward contract that was not designated for hedge accounting in earnings as foreign exchange gain (loss), net in the unaudited condensed 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 unaudited condensed consolidated statements of operations and other comprehensive income:


		Three Months Ended				Six Months Ended
(in thousands)	Financial statements line item	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Derivatives gain (loss) recognized in other comprehensive income (loss):
Foreign currency forward contracts	Other comprehensive income (loss)	$	5,309	$	(13,303)	$	2,509	$	(57)

Total derivatives gain (loss) recognized in other comprehensive income (loss)		$	5,309	$	(13,303)	$	2,509	$	(57)
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Foreign currency forward contracts	Cost of revenues	$	478	$	(5,905)	$	(773)	$	(4,486)
Foreign currency forward contracts	SG&A	36		(451)		(59)		(345)
Foreign currency forward contracts	Foreign exchange gain (loss), net	(947)		9,842		1,061		3,933

Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings		$	(433)	$	3,486	$	229	$	(898)
Change in net unrealized gain (loss) on derivatives instruments		$	4,876	$	(9,817)	$	2,738	$	(955)

Fair Value of derivatives

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


	December 26, 2025				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	$	1,095	$	—	$	1,303	$	(12)

Derivatives designated as hedging instruments
Foreign currency forward contracts	4,299		(29)		1,658		(93)

Derivatives, gross balances	$	5,394	$	(29)	$	2,961	$	(105)

The Company recorded the fair value of derivative financial instruments in the unaudited condensed 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
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Share-based compensation - Schedule of Effect of Recording Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Share-based compensation expense by type of award:
Restricted share units	$ 5,336	$ 5,430	$ 11,703	$ 11,143
Performance share units	3,421	3,008	6,125	5,977
Total share-based compensation expense	8,757	8,438	17,828	17,120
Tax effect on share-based compensation expense	0	0	0	0
Net effect on share-based compensation expense	$ 8,757	$ 8,438	$ 17,828	$ 17,120

Fair value of financial instruments (Tables)

6 Months Ended

Dec. 26, 2025

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 December 26, 2025
Assets
Cash equivalents	$	—	$	11,507		$	—	$	11,507

Certificates of deposit and time deposits	—		108,362			—		108,362
Corporate debt securities	—		233,711			—		233,711
U.S. agency and U.S. treasury securities	—		298,845			—		298,845
Derivative assets – current portion	—		5,394		(1)	—		5,394

Total	$	—	$	657,819		$	—	$	657,819
Liabilities
Derivative liabilities – current portion	$	—	$	(29)	(2)	$	—	$	(29)

Total	$	—	$	(29)		$	—	$	(29)


	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 contracts with an aggregate notional amount of $189.0 million and 0.4 million Canadian dollars.

(2)Foreign currency forward contracts with an aggregate notional amount of $11.0 million.

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


		Three Months Ended				Six Months Ended
(in thousands)	Financial statements line item	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Derivatives gain (loss) recognized in other comprehensive income (loss):
Foreign currency forward contracts	Other comprehensive income (loss)	$	5,309	$	(13,303)	$	2,509	$	(57)

Total derivatives gain (loss) recognized in other comprehensive income (loss)		$	5,309	$	(13,303)	$	2,509	$	(57)
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Foreign currency forward contracts	Cost of revenues	$	478	$	(5,905)	$	(773)	$	(4,486)
Foreign currency forward contracts	SG&A	36		(451)		(59)		(345)
Foreign currency forward contracts	Foreign exchange gain (loss), net	(947)		9,842		1,061		3,933

Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings		$	(433)	$	3,486	$	229	$	(898)
Change in net unrealized gain (loss) on derivatives instruments		$	4,876	$	(9,817)	$	2,738	$	(955)

Schedule of Derivative Financial Instruments

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


	December 26, 2025				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	$	1,095	$	—	$	1,303	$	(12)

Derivatives designated as hedging instruments
Foreign currency forward contracts	4,299		(29)		1,658		(93)

Derivatives, gross balances	$	5,394	$	(29)	$	2,961	$	(105)

Schedule of Derivative Financial Instruments in the Unaudited Condensed Consolidated Balance Sheets

The Company recorded the fair value of derivative financial instruments in the unaudited condensed 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

Cash, cash equivalents and short-term investments - Narrative (Details)	6 Months Ended
	Dec. 26, 2025
Minimum
Cash, cash equivalents and marketable securities [Line Items]
Maturities period of marketable securities	3 months
Maximum
Cash, cash equivalents and marketable securities [Line Items]
Maturities period of marketable securities	3 years

Cash, cash equivalents and short-term investments - Schedule of Components of Cash, Cash Equivalents, and Short-Term Investments (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025	Dec. 27, 2024
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents and marketable securities, carrying cost	$ 950,415	$ 925,526
Unrealized Gain/ (Loss)	10,358	8,718
Cash and cash equivalents	319,855	306,425	$ 403,662
Short-term investments	640,918	627,819
Other Investments	0	0
Cash
Cash and Cash Equivalents [Line Items]
Carrying Cost	308,348	295,242
Cash and cash equivalents	308,348	295,242
Cash equivalents
Cash and Cash Equivalents [Line Items]
Carrying Cost	11,510	11,183
Unrealized Gain/ (Loss)	(3)
Cash and cash equivalents	11,507	11,183
Certificates of deposit and time deposits
Cash and Cash Equivalents [Line Items]
Carrying cost, total	108,054	144,730
Unrealized Gain/ (Loss)	308	1,022
Short-term investments	108,362	145,752
Corporate debt securities
Cash and Cash Equivalents [Line Items]
Carrying cost, total	224,744	183,076
Unrealized Gain/ (Loss)	8,967	6,897
Short-term investments	233,711	189,973
U.S. agency and U.S. treasury securities
Cash and Cash Equivalents [Line Items]
Carrying cost, total	297,759	291,295
Unrealized Gain/ (Loss)	1,086	799
Short-term investments	$ 298,845	$ 292,094

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	Dec. 26, 2025	Dec. 27, 2024
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$ 319,855	$ 403,662
Restricted cash	682	0
Cash, cash equivalents and restricted cash	$ 320,537	$ 403,662

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Leases [Abstract]
Operating lease rental expense, long term	$ 0.6	$ 0.4	$ 1.1	$ 0.9

Share-based compensation - Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 8,757	$ 8,438	$ 17,828	$ 17,120
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	2,644	2,764	6,163	5,662
Selling, general and administrative expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 6,113	$ 5,674	$ 11,665	$ 11,458

Cover - shares	6 Months Ended
Cover - shares	Dec. 26, 2025	Jan. 23, 2026
Cover [Abstract]
Document type	10-Q
Document quarterly report	true
Document period end date	Dec. 26, 2025
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 current reporting status	Yes
Entity interactive data current	Yes
Entity filer category	Large Accelerated Filer
Entity small business	false
Entity emerging growth company	false
Entity shell company	false
Entity common stock, shares outstanding (in shares)		35,826,117
Current fiscal year end date	--06-26
Amendment flag	false
Document fiscal year focus	2026
Document fiscal period focus	Q2
Entity central index key	0001408710

Income taxes	6 Months Ended
Income taxes	Dec. 26, 2025
Income Tax Disclosure [Abstract]
Income taxes	Income taxes As of December 26, 2025 and June 27, 2025, the liability for uncertain tax positions including accrued interest and penalties was $4.0 million and $2.2 million, respectively. The Company files income tax returns in the United States and foreign tax jurisdictions. The tax years from 2018 to 2024 remain open to examination by U.S. federal and state, and foreign tax authorities. The Company is currently under examination by the U.S. Internal Revenue Service for fiscal year 2022 and the IRS completed the examination of the US subsidiaries for fiscal year 2022 and fiscal year 2023 in the fiscal year 2025. The Company’s income tax is recognized based on the best estimate of the expected annual effective tax rate for the full financial year of each entity in the Company, adjusted for discrete items arising in that quarter. If the Company’s estimated annual effective tax rate changes, the Company makes a cumulative adjustment in that quarter. The effective tax rate for the Company for the three months ended December 26, 2025 and December 27, 2024 was 5.9% and 8.7%, respectively, of net income. The decrease was due to an increase in income not subject to tax. The effective tax rate for the Company for the six months ended December 26, 2025 and December 27, 2024 was 5.7% and 6.6%, respectively, of net income. The decrease was due to an increase in income not subject to tax.

- 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
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-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Leases (Tables)

6 Months Ended

Dec. 26, 2025

Leases [Abstract]

Schedule of Operating Lease Liabilities

As of December 26, 2025, the maturities of the Company’s operating lease liabilities, by fiscal year, were as follows:


(in thousands)
2026 (remaining six months)	$	1,123
2027	1,407
2028	931
2029	853
2030	449
Thereafter	979
Total undiscounted lease payments	5,742
Less imputed interest	(857)
Total present value of lease liabilities	$	4,885	(1)

(1) Includes current portion of operating lease liabilities of $1.7 million.

Schedule of Additional Information Related to Operating Lease

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


	As of December 26, 2025		As of June 27, 2025
Weighted-average remaining lease term (in years)	4.9		5.5
Weighted-average discount rate	6.8	%	6.6	%

Schedule of Supplemental Cash Flow and Other Information Related to Leases

The following table presents supplemental disclosure for the unaudited condensed consolidated statements of cash flows related to operating leases for the three and six months ended December 26, 2025 and December 27, 2024:


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	607	$	501	$	1,214	$	1,245

ROU assets obtained in exchange for lease liabilities	$	75	$	1,778	$	182	$	1,937

Commitments and contingencies (Details) ฿ in Millions, ¥ in Millions, $ in Millions	Dec. 26, 2025 USD ($)	Dec. 26, 2025 THB (฿)	Dec. 26, 2025 CNY (¥)	Jun. 27, 2025 USD ($)	Jun. 27, 2025 THB (฿)	Feb. 28, 2025 USD ($)	Feb. 28, 2025 THB (฿)	Dec. 27, 2024 USD ($)	Jun. 28, 2024 CNY (¥)	Mar. 09, 2023 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Outstanding bank guarantees given by banks on behalf of the company	$ 2.5	฿ 77.3	¥ 4.8	$ 2.3	฿ 75.7
Outstanding commitment to third parties						$ 132.5	฿ 4,450.0
Estimate of possible loss \| ¥									¥ 400.0
Bank guarantees
Commitments and Contingencies Disclosure [Line Items]
Amount of cash collateral	0.7
2023 Credit facility agreement \| Line of Credit
Commitments and Contingencies Disclosure [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
Commitments and Contingencies Disclosure [Line Items]
Outstanding commitment to third parties	193.7
Inventories
Commitments and Contingencies Disclosure [Line Items]
Outstanding commitment to third parties	$ 1,940.0

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (unaudited) - 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. 28, 2024		39,457,462
Beginning 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	164,030					164,030
Other comprehensive income (loss)	5,490				5,490
Share-based compensation	17,120		17,120
Issuance of ordinary shares (in shares)		127,726
Issuance of ordinary shares	0	$ 1	(1)
Repurchase of shares held as treasury shares	(68,700)			(68,700)
Tax withholdings related to net share settlement of restricted share units	(20,714)		(20,714)
Ending balance (in shares) at Dec. 27, 2024		39,585,188
Ending balance at Dec. 27, 2024	1,842,971	$ 396	218,449	(303,023)	2,349	1,924,800
Beginning balance (in shares) at Sep. 27, 2024		39,579,859
Beginning balance at Sep. 27, 2024	1,826,600	$ 396	210,505	(234,323)	11,858	1,838,164
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	86,636					86,636
Other comprehensive income (loss)	(9,509)				(9,509)
Share-based compensation	8,438		8,438
Issuance of ordinary shares (in shares)		5,329
Repurchase of shares held as treasury shares	(68,700)			(68,700)
Tax withholdings related to net share settlement of restricted share units	(494)		(494)
Ending balance (in shares) at Dec. 27, 2024		39,585,188
Ending balance at Dec. 27, 2024	1,842,971	$ 396	218,449	(303,023)	2,349	1,924,800
Beginning balance (in shares) at Jun. 27, 2025		39,602,152
Beginning 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	208,554					208,554
Other comprehensive income (loss)	4,145				4,145
Share-based compensation	17,828		17,828
Customer warrant	1,149		1,149
Issuance of ordinary shares (in shares)		107,779
Issuance of ordinary shares	0	$ 1	(1)
Repurchase of shares held as treasury shares	(5,080)			(5,080)
Tax withholdings related to net share settlement of restricted share units	(23,622)		(23,622)
Ending balance (in shares) at Dec. 26, 2025		39,709,931
Ending balance at Dec. 26, 2025	2,184,786	$ 397	233,235	(365,136)	14,439	2,301,851
Beginning balance (in shares) at Sep. 26, 2025		39,701,363
Beginning balance at Sep. 26, 2025	2,061,168	$ 397	224,540	(360,324)	7,332	2,189,223
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	112,628					112,628
Other comprehensive income (loss)	7,107				7,107
Share-based compensation	8,757		8,757
Customer warrant	863		863
Issuance of ordinary shares (in shares)		8,568
Issuance of ordinary shares	0
Repurchase of shares held as treasury shares	(4,812)			(4,812)
Tax withholdings related to net share settlement of restricted share units	(925)		(925)
Ending balance (in shares) at Dec. 26, 2025		39,709,931
Ending balance at Dec. 26, 2025	$ 2,184,786	$ 397	$ 233,235	$ (365,136)	$ 14,439	$ 2,301,851

Business segments and geographic information - Narrative (Details) - segment	6 Months Ended		12 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Jun. 27, 2025
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of operating segments	1
Two customers \| Trade accounts receivable \| Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration of risk percentage	10.00%
Two customers \| Revenue from contract with customer benchmark \| Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration of risk percentage		10.00%
Percentage of revenue		0.505
Three customers \| Trade accounts receivable \| Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration of risk percentage			10.00%
Three customers \| Revenue from contract with customer benchmark \| Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration of risk percentage	10.00%
Percentage of revenue	0.489

- 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

Inventories

6 Months Ended

Dec. 26, 2025

Inventory Disclosure [Abstract]

Inventories


(in thousands)	As of December 26, 2025		As of June 27, 2025
Raw materials	$	229,604	$	145,128
Work in progress	469,925		377,736
Finished goods	70,584		33,016
Goods in transit	28,797		25,135
Total inventories	$	798,910	$	581,015

Accumulated other comprehensive income (loss) (Tables)

6 Months Ended

Dec. 26, 2025

Equity [Abstract]

Schedule of Changes in AOCI

The changes in AOCI for the six months ended December 26, 2025 and December 27, 2024 were as follows:


(in thousands)	Unrealized net (Losses)/Gains on Available-for-sale Securities		Unrealized net (Losses)/Gains on Derivative Instruments		Foreign Currency Translation Adjustment		Total
Balance as of June 27, 2025	$	8,714	$	1,334	$	246	$	10,294
Other comprehensive income (loss) before reclassification	1,641		2,509		(60)		4,090
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income	—		229		—		229
Tax effects	—		(174)		—		(174)
Other comprehensive income (loss)	$	1,641	$	2,564	$	(60)	$	4,145
Balance as of December 26, 2025	$	10,355	$	3,898	$	186	$	14,439


(in thousands)	Unrealized net (Losses)/Gains on Available-for-sale Securities		Unrealized net (Losses)/Gains 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	6,297		(57)		76		6,316
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income	—		(898)		—		(898)
Tax effects	—		72		—		72
Other comprehensive income (loss)	$	6,297	$	(883)	$	76	$	5,490
Balance as of December 27, 2024	$	5,118	$	(1,863)	$	(906)	$	2,349

Accounting policies (Policies)	6 Months Ended
Accounting policies (Policies)	Dec. 26, 2025
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of December 26, 2025 and for the three and six months ended December 26, 2025 and December 27, 2024 include normal recurring adjustments necessary for a fair statement of the financial statements set forth herein, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP” or "GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such information does not include all of the information and footnotes required by U.S. GAAP for annual financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in Fabrinet’s Annual Report on Form 10-K for the year ended June 27, 2025. The balance sheet as of June 27, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The results for the three and six months ended December 26, 2025 may not be indicative of results for the year ending June 26, 2026 or any future periods.
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed 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.
Fiscal years	Fiscal years The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended December 26, 2025 and December 27, 2024 consisted of 13 weeks. Fiscal year 2026 will comprise 52 weeks and will end on June 26, 2026.
New Accounting Standards—not yet adopted by the Company	New Accounting Standards—not yet adopted by the Company In December 2023, the FASB issued 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. This ASU is effective for all entities 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. This ASU will be effective for the Company beginning in fiscal year 2026. The Company is currently assessing the impact to its disclosures. 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, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.
Contract Assets and Liabilities	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 unaudited condensed consolidated balance sheets under other current assets and transferred to accounts receivable when rights to payment become unconditional. As of December 26, 2025 and June 27, 2025, the Company's contract assets were de minimis. A contract liability is recognized when the Company has advance payment arrangements with customers. Contract liabilities are recognized in the unaudited condensed consolidated balance sheets under other payables. The contract liabilities balance is normally recognized as revenue within six months.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
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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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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 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/606/tableOfContent

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- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
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+ Details

Cash, cash equivalents and short-term investments - Schedule of Available-for-Sale Securities Based on Stated Effective Maturities (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Carrying Cost
Investments Classified by Contractual Maturity Date [Line Items]
Carrying cost, due within one year	$ 108,054	$ 128,958
Carrying cost, due between one to five years	522,503	490,143
Carrying cost, total	630,557	619,101
Fair Value
Investments Classified by Contractual Maturity Date [Line Items]
Fair value, due within one year	108,362	129,977
Fair value, due between one to five years	532,556	497,842
Fair value, total	$ 640,918	$ 627,819

Fair value of financial instruments - Schedule of Impacts of Derivative Gain (Loss) of Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Derivatives gain (loss) recognized in other comprehensive income (loss):
Total derivatives gain (loss) recognized in other comprehensive income (loss)	$ 5,309	$ (13,303)	$ 2,509	$ (57)
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings	(433)	3,486	229	(898)
Change in net unrealized gain (loss) on derivatives instruments	4,876	(9,817)	2,738	(955)
Foreign currency forward contracts \| Cost of revenues
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings	478	(5,905)	(773)	(4,486)
Foreign currency forward contracts \| SG&A
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings	36	(451)	(59)	(345)
Foreign currency forward contracts \| Foreign exchange gain (loss), net
Derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings:
Total derivatives (gain) loss reclassified from accumulated other comprehensive income (loss) into earnings	(947)	9,842	1,061	3,933
Foreign currency forward contracts \| Other comprehensive income (loss)
Derivatives gain (loss) recognized in other comprehensive income (loss):
Total derivatives gain (loss) recognized in other comprehensive income (loss)	$ 5,309	$ (13,303)	$ 2,509	$ (57)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Income Statement [Abstract]
Revenues	$ 1,132,888	$ 833,608	$ 2,111,016	$ 1,637,836
Cost of revenues	(995,206)	(732,759)	(1,856,895)	(1,437,961)
Gross profit	137,682	100,849	254,121	199,875
Selling, general and administrative expenses	(23,281)	(21,206)	(45,527)	(43,237)
Restructuring and other related costs	0	(46)	0	(103)
Operating income	114,401	79,597	208,594	156,535
Interest income	8,555	11,314	17,972	22,247
Foreign exchange gain (loss), net	(3,214)	4,042	(5,274)	(3,053)
Other income (expense), net	(17)	(62)	(139)	(81)
Income before income taxes	119,725	94,891	221,153	175,648
Income tax expense	(7,097)	(8,255)	(12,599)	(11,618)
Net income	112,628	86,636	208,554	164,030
Other comprehensive income (loss), net of tax:
Change in net unrealized gain (loss) on available-for-sale securities	2,452	(521)	1,641	6,297
Change in net unrealized gain (loss) on derivative instruments	4,626	(9,416)	2,564	(883)
Change in foreign currency translation adjustment	29	428	(60)	76
Total other comprehensive income (loss), net of tax	7,107	(9,509)	4,145	5,490
Net comprehensive income	$ 119,735	$ 77,127	$ 212,699	$ 169,520
Earnings per share
Basic (in USD per share)	$ 3.14	$ 2.40	$ 5.83	$ 4.53
Diluted (in USD per share)	$ 3.11	$ 2.38	$ 5.77	$ 4.51
Weighted-average number of ordinary shares outstanding (in thousands of shares)
Basic (in shares)	35,828	36,163	35,800	36,183
Diluted (in shares)	36,253	36,402	36,175	36,405

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Current assets
Cash and cash equivalents	$ 319,855	$ 306,425
Short-term investments	640,918	627,819
Trade accounts receivable, net of allowance for expected credit losses of $1,296 and $1,344, respectively	801,671	758,894
Inventories	798,910	581,015
Prepaid expenses	33,516	38,476
Other current assets	178,931	116,210
Total current assets	2,773,801	2,428,839
Non-current assets
Long-term restricted cash	682	0
Property, plant and equipment, net	460,142	380,640
Intangibles, net	2,233	2,156
Operating right-of-use assets	4,888	5,768
Deferred tax assets	15,471	13,406
Other non-current assets	11,381	623
Total non-current assets	494,797	402,593
Total Assets	3,268,598	2,831,432
Current liabilities
Trade accounts payable	783,681	637,417
Fixed assets payable	53,874	40,781
Operating lease liabilities, current portion	1,691	1,792
Income tax payable	7,998	7,939
Accrued payroll, bonus and related expenses	25,726	24,566
Accrued expenses	25,026	30,630
Severance liabilities, current portion	2,087	0
Other payables	136,534	66,717
Total current liabilities	1,036,617	809,842
Non-current liabilities
Deferred tax liability	2,359	1,595
Operating lease liability, non-current portion	3,194	3,679
Severance liabilities	32,406	31,225
Other non-current liabilities	9,236	3,279
Total non-current liabilities	47,195	39,778
Total Liabilities	1,083,812	849,620
Commitments and contingencies (Note 14)
Shareholders’ equity
Preferred shares ($5,000,000 shares authorized, $0.01 par value; no shares issued and outstanding as of December 26, 2025 and June 27, 2025)	0	0
Ordinary shares ($500,000,000 shares authorized, $0.01 par value; 39,709,931 shares and 39,602,152 shares issued as of December 26, 2025 and June 27, 2025, respectively; and 35,822,444 shares and 35,728,074 shares outstanding as of December 26, 2025 and June 27, 2025, respectively)	397	396
Additional paid-in capital	233,235	237,881
Less: Treasury shares (3,887,487 shares and 3,874,078 shares as of December 26, 2025 and June 27, 2025, respectively)	(365,136)	(360,056)
Accumulated other comprehensive income (loss)	14,439	10,294
Retained earnings	2,301,851	2,093,297
Total Shareholders’ Equity	2,184,786	1,981,812
Total Liabilities and Shareholders’ Equity	$ 3,268,598	$ 2,831,432

Earnings per ordinary share (Tables)

6 Months Ended

Dec. 26, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Ordinary Share

Earnings per ordinary share was calculated as follows:


	Three Months Ended				Six Months Ended
(in thousands, except per share data)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Net income attributable to shareholders	$	112,628	$	86,636	$	208,554	$	164,030
Weighted-average number of ordinary shares outstanding	35,828		36,163		35,800		36,183
Incremental shares arising from the assumed vesting of restricted share units and performance share units	227		239		206		222
Incremental shares arising from the assumed vesting of customer warrant	198		—		169		—
Weighted-average number of ordinary shares for diluted earnings per ordinary share	36,253		36,402		36,175		36,405
Basic earnings per ordinary share	$	3.14	$	2.40	$	5.83	$	4.53
Diluted earnings per ordinary share	$	3.11	$	2.38	$	5.77	$	4.51
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (1)	1		—		1		—

Business segments and geographic information (Tables)

6 Months Ended

Dec. 26, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting of Revenue and Significant Expenses

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


	Three Months Ended				Six Months Ended
(in thousands of U.S. dollars, except per share data)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Revenues	$	1,132,888	$	833,608	$	2,111,016	$	1,637,836
Cost of revenues	(995,206)		(732,759)		(1,856,895)		(1,437,961)
Gross profit	137,682		100,849		254,121		199,875
Selling, general and administrative expenses	(23,281)		(21,206)		(45,527)		(43,237)
Restructuring and other related costs	—		(46)		—		(103)
Operating income	114,401		79,597		208,594		156,535
Interest income	8,555		11,314		17,972		22,247

Foreign exchange gain (loss), net	(3,214)		4,042		(5,274)		(3,053)
Other income (expense), net	(17)		(62)		(139)		(81)
Income before income taxes	119,725		94,891		221,153		175,648
Income tax expense	(7,097)		(8,255)		(12,599)		(11,618)
Net income	$	112,628	$	86,636	$	208,554	$	164,030

Schedule of Long-Lived Assets by Geographic Areas

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


(in thousands)	December 26, 2025		June 27, 2025
Long-Lived Assets:
Thailand	$	414,396	$	338,127
U.S.	33,399		30,374
China	14,242		14,378
Israel	2,354		2,727
Others	639		802

Total	$	465,030	$	386,408

Accounting policies	6 Months Ended
Accounting policies	Dec. 26, 2025
Accounting Policies [Abstract]
Accounting policies	Accounting policies Basis of presentation The accompanying unaudited condensed consolidated financial statements for Fabrinet as of December 26, 2025 and for the three and six months ended December 26, 2025 and December 27, 2024 include normal recurring adjustments necessary for a fair statement of the financial statements set forth herein, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP” or "GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such information does not include all of the information and footnotes required by U.S. GAAP for annual financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in Fabrinet’s Annual Report on Form 10-K for the year ended June 27, 2025. The balance sheet as of June 27, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The results for the three and six months ended December 26, 2025 may not be indicative of results for the year ending June 26, 2026 or any future periods. Use of Estimates The preparation of the Company’s unaudited condensed 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. Fiscal years The Company utilizes a 52-53 week fiscal year ending on the Friday in June closest to June 30. The three months ended December 26, 2025 and December 27, 2024 consisted of 13 weeks. Fiscal year 2026 will comprise 52 weeks and will end on June 26, 2026. New Accounting Standards—not yet adopted by the Company In December 2023, the FASB issued 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. This ASU is effective for all entities 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. This ASU will be effective for the Company beginning in fiscal year 2026. The Company is currently assessing the impact to its disclosures. 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, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.

Business and organization	6 Months Ended
Business and organization	Dec. 26, 2025
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”).

Shareholders' equity	6 Months Ended
Shareholders' equity	Dec. 26, 2025
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 three and six months ended December 26, 2025, Fabrinet issued 8,568 and 107,779 ordinary shares, respectively, upon the vesting of restricted share units and performance share units under the Equity Incentive Plans, net of shares withheld. For the three and six months ended December 27, 2024, Fabrinet issued 5,329 and 127,726 ordinary shares, respectively, 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 six months ended December 26, 2025, 13,409 shares were repurchased under the program, at an average price per share (excluding other direct costs) of $378.87, for an aggregate purchase price of $5.1 million. As of December 26, 2025, the Company had a remaining authorization to repurchase up to $169.2 million worth 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 14
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Fair value of financial instruments - Narrative (Details) $ in Millions, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 26, 2025 USD ($) contract	Dec. 27, 2024 USD ($)	Dec. 26, 2025 USD ($) contract	Dec. 27, 2024 USD ($)	Jun. 27, 2025 USD ($) contract	Dec. 26, 2025 CAD ($) contract	Jun. 27, 2025 CAD ($) contract
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized gain (loss) on derivatives	$ 1.2	$ (5.1)	$ (0.1)	$ (1.0)
Foreign currency forward contracts
Foreign Currency Fair Value Hedge Derivative [Line Items]
Derivative liabilities, notional amount	$ 11.0		11.0		$ 35.0
Gain/(loss) from accumulated other comprehensive income expected to be reclassified			$ 4.3		$ 1.5
Foreign currency forward contracts \| Designated as hedging instrument \| Thailand, baht
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding \| contract	200		200		165	200	165
Derivative, notional amount	$ 200.0		$ 200.0		$ 165.0
Foreign currency forward contracts \| Designated as hedging instrument \| Canada, dollars
Foreign Currency Fair Value Hedge Derivative [Line Items]
Number of forward contracts outstanding \| contract	1		1		1	1	1
Derivative liabilities, notional amount						$ 0.4	$ 0.5

Fair value of financial instruments - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Derivatives designated as hedging instruments
Derivative assets, gross balances	$ 5,394	$ 2,961
Derivative liabilities, gross balances	(29)	(105)
Foreign currency forward and option contracts
Derivatives not designated as hedging instruments
Derivative Assets	1,095	1,303
Derivative Liabilities	0	(12)
Foreign currency forward contracts
Derivatives designated as hedging instruments
Derivative Assets	4,299	1,658
Derivative Liabilities	$ (29)	$ (93)

Accumulated other comprehensive income (loss)

6 Months Ended

Dec. 26, 2025

Equity [Abstract]

Accumulated other comprehensive income (loss)

The changes in AOCI for the six months ended December 26, 2025 and December 27, 2024 were as follows:


(in thousands)	Unrealized net (Losses)/Gains on Available-for-sale Securities		Unrealized net (Losses)/Gains on Derivative Instruments		Foreign Currency Translation Adjustment		Total
Balance as of June 27, 2025	$	8,714	$	1,334	$	246	$	10,294
Other comprehensive income (loss) before reclassification	1,641		2,509		(60)		4,090
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income	—		229		—		229
Tax effects	—		(174)		—		(174)
Other comprehensive income (loss)	$	1,641	$	2,564	$	(60)	$	4,145
Balance as of December 26, 2025	$	10,355	$	3,898	$	186	$	14,439


(in thousands)	Unrealized net (Losses)/Gains on Available-for-sale Securities		Unrealized net (Losses)/Gains 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	6,297		(57)		76		6,316
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income	—		(898)		—		(898)
Tax effects	—		72		—		72
Other comprehensive income (loss)	$	6,297	$	(883)	$	76	$	5,490
Balance as of December 27, 2024	$	5,118	$	(1,863)	$	(906)	$	2,349

Share-based compensation - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 12, 2025	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024	Jun. 27, 2025	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	$ 0
Number of ordinary shares available for future grant (in shares)		1,572,144		1,572,144
Shares withheld to settle employee minimum statutory obligation for applicable income and other employment taxes (in shares)				71,352	89,868
Tax withholdings related to net share settlement of restricted share units				$ 23,622,000	$ 20,714,000
Number of securities called by warrants (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)		49,652		49,652		38,192
Restricted share units \| Non-employee director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year				1 year
Restricted share units \| Vesting option one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year				3 years
Restricted share units \| Vesting option two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted vesting period, year				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, year				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		$ 25,800,000		$ 25,800,000
Unrecognized compensation expense, weighted-average period for recognition				2 years 9 months 18 days
Equity Incentive Plans \| Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense		$ 14,200,000		$ 14,200,000
Unrecognized compensation expense, weighted-average period for recognition				1 year 4 months 24 days
2020 plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares available for future grant (in shares)							1,700,000
Shares reserved for future issuance (in shares)							1,300,000
Shares authorized for future issuance (in shares)							1,281,619
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		111,347
Shares authorized for future issuance (in shares)								160,000

Fair value of financial instruments - Schedule of Financial Instruments Measured at Fair Value on Recurring Basis (Details) $ in Thousands, $ in Millions	Dec. 26, 2025 USD ($)	Dec. 26, 2025 CAD ($)	Jun. 27, 2025 USD ($)	Jun. 27, 2025 CAD ($)
Assets
Cash equivalents	$ 11,507		$ 11,183
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	$ 5,394		$ 2,961
Total	$ 657,819		$ 641,963
Liabilities
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses	Accrued expenses	Accrued expenses
Derivative liabilities – current portion	$ (29)		$ (105)
Total	(29)		(105)
Foreign currency forward contracts
Liabilities
Derivative assets, notional amount	189,000	$ 0.4	130,000	$ 0.5
Derivative liabilities, notional amount	11,000		35,000
Certificates of deposit and time deposits
Assets
Debt securities, available-for-sale	108,362		145,752
Corporate debt securities
Assets
Debt securities, available-for-sale	233,711		189,973
U.S. agency and U.S. treasury securities
Assets
Debt securities, available-for-sale	298,845		292,094
Level 1
Assets
Cash equivalents	0		0
Derivative assets – current portion	0		0
Total	0		0
Liabilities
Derivative liabilities – current portion	0		0
Total	0		0
Level 1 \| Certificates of deposit and time deposits
Assets
Debt securities, available-for-sale	0		0
Level 1 \| Corporate debt securities
Assets
Debt securities, available-for-sale	0		0
Level 1 \| U.S. agency and U.S. treasury securities
Assets
Debt securities, available-for-sale	0		0
Level 2
Assets
Cash equivalents	11,507		11,183
Derivative assets – current portion	5,394		2,961
Total	657,819		641,963
Liabilities
Derivative liabilities – current portion	(29)		(105)
Total	(29)		(105)
Level 2 \| Certificates of deposit and time deposits
Assets
Debt securities, available-for-sale	108,362		145,752
Level 2 \| Corporate debt securities
Assets
Debt securities, available-for-sale	233,711		189,973
Level 2 \| U.S. agency and U.S. treasury securities
Assets
Debt securities, available-for-sale	298,845		292,094
Level 3
Assets
Cash equivalents	0		0
Derivative assets – current portion	0		0
Total	0		0
Liabilities
Derivative liabilities – current portion	0		0
Total	0		0
Level 3 \| Certificates of deposit and time deposits
Assets
Debt securities, available-for-sale	0		0
Level 3 \| Corporate debt securities
Assets
Debt securities, available-for-sale	0		0
Level 3 \| U.S. agency and U.S. treasury securities
Assets
Debt securities, available-for-sale	$ 0		$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024
Cash flows from operating activities
Net income for the period	$ 208,554	$ 164,030
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	30,965	25,796
(Gain) loss on disposal of property, plant and equipment and intangibles	(13)	(37)
Amortization of discount (premium) of short-term investments	(2,417)	(2,225)
Inventory obsolescence impairment	3,142	0
(Reversal of) allowance for expected credit losses	(48)	(384)
Unrealized loss (gain) on exchange rate and fair value of foreign currency forward contracts	3,919	1,345
Share-based compensation	17,828	17,120
Customer warrant	1,149	0
Deferred income tax expense (benefit)	(1,054)	(3,493)
Other non-cash expenses	176	30
Changes in operating assets and liabilities
Trade accounts receivable	(42,829)	(87,178)
Inventories	(221,037)	(25,953)
Other current assets and non-current assets	(68,064)	9,536
Trade accounts payable	147,211	88,272
Income tax payable	59	4,304
Accrued expenses	(3,041)	8,124
Other payables	70,648	186
Severance liabilities	1,816	1,565
Other current liabilities and non-current liabilities	1,863	(1,952)
Net cash provided by operating activities	148,827	199,086
Cash flows from investing activities
Purchase of short-term investments	(179,628)	(155,936)
Proceeds from maturities of short-term investments	170,589	82,129
Purchase of property, plant and equipment	(96,874)	(42,150)
Purchase of intangibles	(229)	(227)
Proceeds from disposal of property, plant and equipment	25	110
Net cash used in investing activities	(106,117)	(116,074)
Cash flows from financing activities
Repurchase of ordinary shares	(5,080)	(68,700)
Withholding tax related to net share settlement of restricted share units	(23,622)	(20,714)
Net cash used in financing activities	(28,702)	(89,414)
Net increase (decrease) in cash, cash equivalents and restricted cash	14,008	(6,402)
Movement in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at the beginning of period	306,425	409,973
Increase (decrease) in cash, cash equivalents and restricted cash	14,008	(6,402)
Effect of exchange rate on cash, cash equivalents and restricted cash	104	91
Cash, cash equivalents and restricted cash at the end of period	320,537	403,662
Non-cash investing and financing activities
Construction, software and equipment-related payables	$ 53,874	$ 20,594

Intangibles

6 Months Ended

Dec. 26, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

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


(in thousands)	As of December 26, 2025		As of June 27, 2025
Software
Gross carrying amount	$	12,689	$	12,159
Accumulated amortization	(10,456)		(10,003)
Net	$	2,233	$	2,156

The Company recorded amortization expense relating to intangibles of $0.2 million for the three months ended December 26, 2025 and December 27, 2024 for both periods, and $0.4 million and $0.5 million for the six months ended December 26, 2025 and December 27, 2024, respectively.

The weighted-average remaining life of software was:


(years)	As of December 26, 2025	As of June 27, 2025
Software	3.1	3.6

Based on the carrying amount of intangibles as of December 26, 2025, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:


(in thousands)
2026 (remaining six months)	$	417
2027	696
2028	525
2029	325
2030	192
Thereafter	78
Total	$	2,233

Intangibles (Tables)

6 Months Ended

Dec. 26, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

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


(in thousands)	As of December 26, 2025		As of June 27, 2025
Software
Gross carrying amount	$	12,689	$	12,159
Accumulated amortization	(10,456)		(10,003)
Net	$	2,233	$	2,156

Schedule of Weighted-Average Remaining Life of Intangible Assets

The weighted-average remaining life of software was:


(years)	As of December 26, 2025	As of June 27, 2025
Software	3.1	3.6

Schedule of Estimated Future Amortization of Intangibles Assets


(in thousands)
2026 (remaining six months)	$	417
2027	696
2028	525
2029	325
2030	192
Thereafter	78
Total	$	2,233

Leases

6 Months Ended

Dec. 26, 2025

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 December 26, 2025, the maturities of the Company’s operating lease liabilities, by fiscal year, were as follows:


(in thousands)
2026 (remaining six months)	$	1,123
2027	1,407
2028	931
2029	853
2030	449
Thereafter	979
Total undiscounted lease payments	5,742
Less imputed interest	(857)
Total present value of lease liabilities	$	4,885	(1)

(1) Includes current portion of operating lease liabilities of $1.7 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 three and six months ended December 26, 2025 was $0.6 million and $1.1 million, respectively, and for the three and six months ended December 27, 2024 was $0.4 million and $0.9 million, respectively.

Rental expense for short-term leases for the three and six months ended December 26, 2025 and December 27, 2024 was de minimis.

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


	As of December 26, 2025		As of June 27, 2025
Weighted-average remaining lease term (in years)	4.9		5.5
Weighted-average discount rate	6.8	%	6.6	%


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	607	$	501	$	1,214	$	1,245

ROU assets obtained in exchange for lease liabilities	$	75	$	1,778	$	182	$	1,937

Leases - Schedule of Additional Information Related to Operating Leases (Details)	Dec. 26, 2025	Jun. 27, 2025
Leases [Abstract]
Weighted-average remaining lease term (in years)	4 years 10 months 24 days	5 years 6 months
Weighted-average discount rate	6.80%	6.60%

Leases - Schedule of Supplemental Cash Flow and Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 607	$ 501	$ 1,214	$ 1,245
ROU assets obtained in exchange for lease liabilities	$ 75	$ 1,778	$ 182	$ 1,937

Accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,061,168	$ 1,826,600	$ 1,981,812	$ 1,745,745
Other comprehensive income (loss) before reclassification			4,090	6,316
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income			229	(898)
Tax effects			(174)	72
Total other comprehensive income (loss), net of tax	7,107	(9,509)	4,145	5,490
Ending balance	2,184,786	1,842,971	2,184,786	1,842,971
Unrealized net (Losses)/Gains 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			1,641	6,297
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income			0	0
Tax effects			0	0
Total other comprehensive income (loss), net of tax			1,641	6,297
Ending balance	10,355	5,118	10,355	5,118
Unrealized net (Losses)/Gains on Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			1,334	(980)
Other comprehensive income (loss) before reclassification			2,509	(57)
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income			229	(898)
Tax effects			(174)	72
Total other comprehensive income (loss), net of tax			2,564	(883)
Ending balance	3,898	(1,863)	3,898	(1,863)
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			246	(982)
Other comprehensive income (loss) before reclassification			(60)	76
Amounts reclassified out of AOCI to the unaudited condensed consolidated statements of operations and comprehensive income			0	0
Tax effects			0	0
Total other comprehensive income (loss), net of tax			(60)	76
Ending balance	186	(906)	186	(906)
AOCI Attributable to parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	7,332	11,858	10,294	(3,141)
Total other comprehensive income (loss), net of tax	7,107	(9,509)	4,145	5,490
Ending balance	$ 14,439	$ 2,349	$ 14,439	$ 2,349

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Statement of Stockholders' Equity [Abstract]
Treasury stock acquired (in shares)	12,439	291,780	13,409	291,780

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,296	$ 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)	39,709,931	39,602,152
Ordinary shares, shares outstanding (in shares)	35,822,444	35,728,074
Treasury stocks, shares (in shares)	3,887,487	3,874,078

Business segments and geographic information - Schedule of Segment Reporting of Revenue and Significant Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Segment Reporting [Abstract]
Revenues	$ 1,132,888	$ 833,608	$ 2,111,016	$ 1,637,836
Cost of revenues	(995,206)	(732,759)	(1,856,895)	(1,437,961)
Gross profit	137,682	100,849	254,121	199,875
Selling, general and administrative expenses	(23,281)	(21,206)	(45,527)	(43,237)
Restructuring and other related costs	0	(46)	0	(103)
Operating income	114,401	79,597	208,594	156,535
Interest income	8,555	11,314	17,972	22,247
Foreign exchange gain (loss), net	(3,214)	4,042	(5,274)	(3,053)
Other income (expense), net	(17)	(62)	(139)	(81)
Income before income taxes	119,725	94,891	221,153	175,648
Income tax expense	(7,097)	(8,255)	(12,599)	(11,618)
Net income	$ 112,628	$ 86,636	$ 208,554	$ 164,030

Revenues from contracts with customers - Schedule of Disaggregation of Revenue by Geographical Regions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Disaggregation of Revenue [Line Items]
Revenues	$ 1,132,888	$ 833,608	$ 2,111,016	$ 1,637,836
Geographic concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	100.00%	100.00%	100.00%	100.00%
North America
Disaggregation of Revenue [Line Items]
Revenues	$ 530,829	$ 372,403	$ 952,846	$ 681,881
North America \| Geographic concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	46.90%	44.70%	45.10%	41.60%
U.S.
Disaggregation of Revenue [Line Items]
Revenues	$ 528,135	$ 371,112	$ 947,960	$ 678,932
Others
Disaggregation of Revenue [Line Items]
Revenues	2,694	1,291	4,886	2,949
Cayman Islands
Disaggregation of Revenue [Line Items]
Revenues	0			0
Asia-Pacific and others
Disaggregation of Revenue [Line Items]
Revenues	$ 491,861	$ 394,182	$ 953,795	$ 830,820
Asia-Pacific and others \| Geographic concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	43.40%	47.30%	45.20%	50.70%
Israel
Disaggregation of Revenue [Line Items]
Revenues	$ 231,742	$ 240,671	$ 464,244	$ 531,624
India
Disaggregation of Revenue [Line Items]
Revenues	110,074	75,629	210,643	152,459
Hong Kong
Disaggregation of Revenue [Line Items]
Revenues	41,060	20,415	77,583	38,962
Malaysia
Disaggregation of Revenue [Line Items]
Revenues	37,221	7,565	59,984	15,063
Thailand
Disaggregation of Revenue [Line Items]
Revenues	25,102	14,069	45,123	25,190
China
Disaggregation of Revenue [Line Items]
Revenues	16,936	13,650	35,057	25,522
Singapore
Disaggregation of Revenue [Line Items]
Revenues	18,032	12,481	37,752	23,244
Japan
Disaggregation of Revenue [Line Items]
Revenues	10,839	8,976	21,420	17,555
Others
Disaggregation of Revenue [Line Items]
Revenues	855	726	1,989	1,201
Europe
Disaggregation of Revenue [Line Items]
Revenues	$ 110,198	$ 67,023	$ 204,375	$ 125,135
Europe \| Geographic concentration risk \| Revenue from contract with customer benchmark
Disaggregation of Revenue [Line Items]
Revenues, percentage	9.70%	8.00%	9.70%	7.70%
U.K.
Disaggregation of Revenue [Line Items]
Revenues	$ 62,267	$ 39,262	$ 115,195	$ 71,712
Finland
Disaggregation of Revenue [Line Items]
Revenues	17,014		29,539
Germany
Disaggregation of Revenue [Line Items]
Revenues	11,314	10,867	23,032	20,211
Others
Disaggregation of Revenue [Line Items]
Revenues	$ 19,603	$ 16,894	$ 36,609	$ 33,212

Business segments and geographic information

6 Months Ended

Dec. 26, 2025

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 GAAP and non-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 GAAP and non-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:


	Three Months Ended				Six Months Ended
(in thousands of U.S. dollars, except per share data)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Revenues	$	1,132,888	$	833,608	$	2,111,016	$	1,637,836
Cost of revenues	(995,206)		(732,759)		(1,856,895)		(1,437,961)
Gross profit	137,682		100,849		254,121		199,875
Selling, general and administrative expenses	(23,281)		(21,206)		(45,527)		(43,237)
Restructuring and other related costs	—		(46)		—		(103)
Operating income	114,401		79,597		208,594		156,535
Interest income	8,555		11,314		17,972		22,247

Foreign exchange gain (loss), net	(3,214)		4,042		(5,274)		(3,053)
Other income (expense), net	(17)		(62)		(139)		(81)
Income before income taxes	119,725		94,891		221,153		175,648
Income tax expense	(7,097)		(8,255)		(12,599)		(11,618)
Net income	$	112,628	$	86,636	$	208,554	$	164,030

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

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


(in thousands)	December 26, 2025		June 27, 2025
Long-Lived Assets:
Thailand	$	414,396	$	338,127
U.S.	33,399		30,374
China	14,242		14,378
Israel	2,354		2,727
Others	639		802

Total	$	465,030	$	386,408

Significant customers

The Company had two and three customers that each contributed to 10% or more of the Company's total trade accounts receivable as of December 26, 2025 and June 27, 2025, respectively.

During the six months ended December 26, 2025 and December 27, 2024, the Company had three and two customers, respectively, that each contributed 10% or more of the Company's revenues. Such customers together accounted for 48.9% and 50.5% of the Company revenues during the respective periods.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share-based compensation (Tables)

6 Months Ended

Dec. 26, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and six months ended December 26, 2025 and December 27, 2024 was as follows:


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Share-based compensation expense by type of award:
Restricted share units	$	5,336	$	5,430	$	11,703	$	11,143
Performance share units	3,421		3,008		6,125		5,977
Total share-based compensation expense	8,757		8,438		17,828		17,120
Tax effect on share-based compensation expense	—		—		—		—
Net effect on share-based compensation expense	$	8,757	$	8,438	$	17,828	$	17,120

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

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


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Cost of revenue	$	2,644	$	2,764	$	6,163	$	5,662
Selling, general and administrative expense	6,113		5,674		11,665		11,458

Total share-based compensation expense	$	8,757	$	8,438	$	17,828	$	17,120

Schedule of 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 December 26, 2025:


(share units)	Restricted Share Units outstanding	Performance Share Units outstanding	Ordinary Shares available for future grant
2020 Plan	225,573	94,391	1,460,797
2017 Inducement Plan	—	—	111,347
Total	225,573	94,391	1,572,144

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 27, 2025	263,014	$	187.00
Granted	74,043	$	294.89
Vested	(105,195)	$	164.64
Forfeited	(6,289)	$	209.90
Balance as of December 26, 2025	225,573	$	233.10


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 28, 2024	306,660	$	129.01
Granted	107,026	$	260.95
Vested	(120,452)	$	114.39
Forfeited	(7,494)	$	151.56
Balance as of December 27, 2024	285,740	$	184.00

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 27, 2025	120,916	$	198.90
Granted	48,806	$	277.04
Vested	(73,936)	$	158.91
Forfeited	(1,395)	$	261.84
Balance as of December 26, 2025	94,391	$	269.70


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 28, 2024	171,078	$	135.31
Granted	46,980	$	261.84
Vested	(97,142)	117.35
Forfeited	—	$	—
Balance as of December 27, 2024	120,916	$	198.90

Schedule of Shared-Based Payment 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

Cash, cash equivalents and short-term investments

6 Months Ended

Dec. 26, 2025

Cash and Cash Equivalents [Abstract]

Cash, cash equivalents and short-term investments

The Company’s cash, cash equivalents, and short-term investments are as follows:


					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Short-term Investments		Other Investments
As of December 26, 2025
Cash	$	308,348	$	—	$	308,348	$	—	$	—
Cash equivalents	11,510		(3)		11,507		—		—

Certificates of deposit and time deposits	108,054		308		—		108,362		—
Corporate debt securities	224,744		8,967		—		233,711		—
U.S. agency and U.S. treasury securities	297,759		1,086		—		298,845		—
Total	$	950,415	$	10,358	$	319,855	$	640,918	$	—
As of June 27, 2025
Cash	$	295,242	$	—	$	295,242	$	—	$	—
Cash equivalents	11,183		—		11,183		—		—

Certificates 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	$	—

All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s short-term investments generally range from three months to three years.

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 December 26, 2025 and June 27, 2025:


	December 26, 2025				June 27, 2025
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	108,054	$	108,362	$	128,958	$	129,977
Due between one to five years	522,503		532,556		490,143		497,842
Total	$	630,557	$	640,918	$	619,101	$	627,819

Income taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income taxes (Details) - USD ($) $ in Millions	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024	Jun. 27, 2025
Income Tax Disclosure [Abstract]
Liability for uncertain tax positions including accrued interest and penalties	$ 4.0		$ 4.0		$ 2.2
Corporate effective income tax rate	5.90%	8.70%	5.70%	6.60%

Revenues from contracts with customers

6 Months Ended

Dec. 26, 2025

Revenue from Contract with Customer [Abstract]

Revenues from contracts with customers

Revenue by Geographic Area, End Market and Product Category

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

The following table presents total revenues by geographic region:


(in thousands, except percentages)	Three Months Ended December 26, 2025		As a % of Total Revenues		Six Months Ended December 26, 2025		As a % of Total Revenues
North America
U.S.	$	528,135			$	947,960
Others (1)	2,694				4,886
Total revenue in North America	530,829		46.9	%	952,846		45.1	%
Asia-Pacific and others
Israel	231,742				464,244
India	110,074				210,643
Hong Kong	41,060				77,583
Malaysia	37,221				59,984
Thailand	25,102				45,123
China	16,936				35,057
Singapore	18,032				37,752
Japan	10,839				21,420
Others	855				1,989
Total revenue in Asia-Pacific and others	491,861		43.4	%	953,795		45.2	%
Europe
U.K.	62,267				115,195
Finland	17,014				29,539
Germany	11,314				23,032
Others	19,603				36,609
Total revenue in Europe	$	110,198	9.7	%	$	204,375	9.7	%
Total revenue	$	1,132,888	100.0	%	$	2,111,016	100.0	%


(in thousands, except percentages)	Three Months Ended December 27, 2024		As a % of Total Revenues		Six Months Ended December 27, 2024		As a % of Total Revenues
North America
U.S.	$	371,112			$	678,932
Others (1)	1,291				2,949
Total revenue in North America	372,403		44.7	%	681,881		41.6	%
Asia-Pacific and others
Israel	240,671				531,624
India	75,629				152,459
Hong Kong	20,415				38,962
Thailand	14,069				25,190
China	13,650				25,522
Singapore	12,481				23,244
Japan	8,976				17,555
Malaysia	7,565				15,063
Others	726				1,201
Total revenue in Asia-Pacific and others	394,182		47.3	%	830,820		50.7	%
Europe
U.K.	39,262				71,712
Germany	10,867				20,211
Others	16,894				33,212
Total revenue in Europe	$	67,023	8.0	%	$	125,135	7.7	%
Total revenue	$	833,608	100.0	%	$	1,637,836	100.0	%

(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each period presented is $0.

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


(in thousands, except percentages)	Three Months Ended December 26, 2025		As a % of Total Revenues		Six Months Ended December 26, 2025		As a % of Total Revenues
Optical communications
Telecom	$	412,248			$	747,968
Datacom	278,142				551,238
Datacenter interconnect (1)	142,200				280,280
Total revenue - Optical communications	$	832,590	73.5	%	$	1,579,486	74.8	%
Non-optical communications
Automotive	$	116,956			$	238,904
Industrial laser	41,432				81,111
High-performance computing (2)	85,556				100,959
Others	56,354				110,556
Total revenue - Non-optical communications	$	300,298	26.5	%	$	531,530	25.2	%
Total revenue	$	1,132,888	100.0	%	$	2,111,016	100.0	%


(in thousands, except percentages)	Three Months Ended December 27, 2024		As a % of Total Revenues		Six Months Ended December 27, 2024		As a % of Total Revenues
Optical communications
Datacom	$	299,101			$	627,982
Telecom	248,010				473,637
Datacenter interconnect (1)	100,039				171,846
Total revenue - Optical communications	$	647,150	77.6	%	$	1,273,465	77.8	%
Non-optical communications
Automotive	$	104,247			$	206,988
Industrial laser	37,542				72,868

Others	44,669				84,515
Total revenue - Non-optical communications	$	186,458	22.4	%	$	364,371	22.2	%
Total revenue	$	833,608	100.0	%	$	1,637,836	100.0	%

(1)Datacenter interconnect (DCI) modules are opto-electronic modules used to connect two or more geographically separated data centers.

(2)High-performance computing (HPC) products are massively parallel computing systems built from interconnected high-performance processors, accelerators, high-speed memory, and low-latency networking to solve complex, compute-intensive problems.

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 unaudited condensed consolidated balance sheets under other current assets and transferred to accounts receivable when rights to payment become unconditional.

As of December 26, 2025 and June 27, 2025, the Company's contract assets were de minimis.

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

The following tables summarize the activity in the Company’s contract liabilities during the six months ended December 26, 2025:


(in thousands)	Contract Liabilities
Beginning balance, June 27, 2025	$	14,467
Advance payments received during the period	17,855
Revenue recognized	(14,883)
Ending balance, December 26, 2025	$	17,439

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 unaudited condensed consolidated statement of operations. The dilutive impact of customer warrants is determined using the treasury stock method.

For the three months ended December 26, 2025, the Company recognized $0.8 million as a reduction to revenue on the unaudited condensed consolidated statements of operations.

For the six months ended December 26, 2025, the Company recognized $1.1 million as a reduction to revenue on the unaudited condensed consolidated statements of operations.

- 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
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

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

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-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

Share-based compensation

6 Months Ended

Dec. 26, 2025

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 three and six months ended December 26, 2025 and December 27, 2024 was as follows:


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Share-based compensation expense by type of award:
Restricted share units	$	5,336	$	5,430	$	11,703	$	11,143
Performance share units	3,421		3,008		6,125		5,977
Total share-based compensation expense	8,757		8,438		17,828		17,120
Tax effect on share-based compensation expense	—		—		—		—
Net effect on share-based compensation expense	$	8,757	$	8,438	$	17,828	$	17,120

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


	Three Months Ended				Six Months Ended
(in thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Cost of revenue	$	2,644	$	2,764	$	6,163	$	5,662
Selling, general and administrative expense	6,113		5,674		11,665		11,458

Total share-based compensation expense	$	8,757	$	8,438	$	17,828	$	17,120

The Company did not capitalize any share-based compensation expense as part of any asset costs during the three and six months ended December 26, 2025 and December 27, 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 December 26, 2025:


(share units)	Restricted Share Units outstanding	Performance Share Units outstanding	Ordinary Shares available for future grant
2020 Plan	225,573	94,391	1,460,797
2017 Inducement Plan	—	—	111,347
Total	225,573	94,391	1,572,144

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-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 27, 2025	263,014	$	187.00
Granted	74,043	$	294.89
Vested	(105,195)	$	164.64
Forfeited	(6,289)	$	209.90
Balance as of December 26, 2025	225,573	$	233.10


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 28, 2024	306,660	$	129.01
Granted	107,026	$	260.95
Vested	(120,452)	$	114.39
Forfeited	(7,494)	$	151.56
Balance as of December 27, 2024	285,740	$	184.00

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 27, 2025	120,916	$	198.90
Granted	48,806	$	277.04
Vested	(73,936)	$	158.91
Forfeited	(1,395)	$	261.84
Balance as of December 26, 2025	94,391	$	269.70


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
Balance as of June 28, 2024	171,078	$	135.31
Granted	46,980	$	261.84
Vested	(97,142)	117.35
Forfeited	—	$	—
Balance as of December 27, 2024	120,916	$	198.90

As of December 26, 2025, there was $25.8 million and $14.2 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 2.8 and 1.4 years, respectively.

For the six months ended December 26, 2025 and December 27, 2024, the Company withheld an aggregate of 71,352 shares and 89,868 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 six months ended December 26, 2025 and December 27, 2024, the Company then remitted cash of $23.6 million and $20.7 million, respectively, to the appropriate taxing authorities and presented it as a financing activity within the unaudited condensed 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 December 26, 2025 and June 27, 2025, 49,652 and 38,192 Warrant Shares, respectively, were vested and remained unexercised.

Share-based compensation - Schedule of Restricted Share Unit Activity (Details) - Restricted share units - $ / shares	6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024
Number of Shares
Number of share units, beginning balance (in shares)	263,014	306,660
Number of share units, granted (in shares)	74,043	107,026
Number of share units, vested (in shares)	(105,195)	(120,452)
Number of share units, forfeited (in shares)	(6,289)	(7,494)
Number of share units, ending balance (in shares)	225,573	285,740
Weighted- Average Grant Date Fair Value Per Share
Weighted-average grant date fair value per share, beginning balance (in USD per share)	$ 187.00	$ 129.01
Weighted-average grant date fair value per share, granted (in USD per share)	294.89	260.95
Weighted-average grant date fair value per share, vested (in USD per share)	164.64	114.39
Weighted-average grant date fair value per share, forfeited (in USD per share)	209.90	151.56
Weighted-average grant date fair value per share, ending balance (in USD per share)	$ 233.10	$ 184.00

Earnings per ordinary share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Earnings Per Share [Abstract]
Net income attributable to shareholders	$ 112,628	$ 86,636	$ 208,554	$ 164,030
Weighted-average number of ordinary shares outstanding (in shares)	35,828	36,163	35,800	36,183
Incremental shares arising from the assumed vesting of restricted share units and performance share units (in shares)	227	239	206	222
Incremental shares arising from the assumed vesting of customer warrant (in shares)	198	0	169	0
Weighted-average number of ordinary shares for diluted earnings per ordinary share (in shares)	36,253	36,402	36,175	36,405
Basic earnings per ordinary share (in USD per share)	$ 3.14	$ 2.40	$ 5.83	$ 4.53
Diluted earnings per ordinary share (in USD per share)	$ 3.11	$ 2.38	$ 5.77	$ 4.51
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)	1	0	1	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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

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+ Details

Leases - Schedule of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Leases [Abstract]
2026 (remaining six months)	$ 1,123
2027	1,407
2028	931
2029	853
2030	449
Thereafter	979
Total undiscounted lease payments	5,742
Less imputed interest	(857)
Total present value of lease liabilities	4,885
Operating lease liabilities, current portion	$ 1,691	$ 1,792

Shareholders' equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024	Jun. 27, 2025	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, authorized share capital (in shares)	500,000,000		500,000,000		500,000,000
Ordinary shares, par value (in USD per share)	$ 0.01		$ 0.01		$ 0.01
Preferred shares, shares authorized (in shares)	5,000,000		5,000,000		5,000,000
Preferred shares, par value (in USD per share)	$ 0.01		$ 0.01		$ 0.01
Share repurchase program, approved amount													$ 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
Treasury stock, carrying basis	$ 169,200		$ 169,200					$ 534,300
Repurchased shares (in shares)	12,439	291,780	13,409	291,780
Treasury stock shares repurchased average price (in USD per share)			$ 378.87
Treasury stock shares repurchased value	$ 4,812	$ 68,700	$ 5,080	$ 68,700
Equity Incentive Plans
Shareholders Equity [Line Items]
Ordinary shares issued upon vesting of restricted shares (in shares)	8,568	5,329	107,779	127,726

Intangibles - Schedule of Estimated Future Amortization of Intangibles Assets (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
2026 (remaining six months)	$ 417
2027	696
2028	525
2029	325
2030	192
Thereafter	78
Total	$ 2,233	$ 2,156

Revenues from contracts with customers (Tables)

6 Months Ended

Dec. 26, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geographical Regions

The following table presents total revenues by geographic region:


(in thousands, except percentages)	Three Months Ended December 26, 2025		As a % of Total Revenues		Six Months Ended December 26, 2025		As a % of Total Revenues
North America
U.S.	$	528,135			$	947,960
Others (1)	2,694				4,886
Total revenue in North America	530,829		46.9	%	952,846		45.1	%
Asia-Pacific and others
Israel	231,742				464,244
India	110,074				210,643
Hong Kong	41,060				77,583
Malaysia	37,221				59,984
Thailand	25,102				45,123
China	16,936				35,057
Singapore	18,032				37,752
Japan	10,839				21,420
Others	855				1,989
Total revenue in Asia-Pacific and others	491,861		43.4	%	953,795		45.2	%
Europe
U.K.	62,267				115,195
Finland	17,014				29,539
Germany	11,314				23,032
Others	19,603				36,609
Total revenue in Europe	$	110,198	9.7	%	$	204,375	9.7	%
Total revenue	$	1,132,888	100.0	%	$	2,111,016	100.0	%


(in thousands, except percentages)	Three Months Ended December 27, 2024		As a % of Total Revenues		Six Months Ended December 27, 2024		As a % of Total Revenues
North America
U.S.	$	371,112			$	678,932
Others (1)	1,291				2,949
Total revenue in North America	372,403		44.7	%	681,881		41.6	%
Asia-Pacific and others
Israel	240,671				531,624
India	75,629				152,459
Hong Kong	20,415				38,962
Thailand	14,069				25,190
China	13,650				25,522
Singapore	12,481				23,244
Japan	8,976				17,555
Malaysia	7,565				15,063
Others	726				1,201
Total revenue in Asia-Pacific and others	394,182		47.3	%	830,820		50.7	%
Europe
U.K.	39,262				71,712
Germany	10,867				20,211
Others	16,894				33,212
Total revenue in Europe	$	67,023	8.0	%	$	125,135	7.7	%
Total revenue	$	833,608	100.0	%	$	1,637,836	100.0	%

(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each period presented is $0.

Schedule of Revenues by End Market and Product

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


(in thousands, except percentages)	Three Months Ended December 26, 2025		As a % of Total Revenues		Six Months Ended December 26, 2025		As a % of Total Revenues
Optical communications
Telecom	$	412,248			$	747,968
Datacom	278,142				551,238
Datacenter interconnect (1)	142,200				280,280
Total revenue - Optical communications	$	832,590	73.5	%	$	1,579,486	74.8	%
Non-optical communications
Automotive	$	116,956			$	238,904
Industrial laser	41,432				81,111
High-performance computing (2)	85,556				100,959
Others	56,354				110,556
Total revenue - Non-optical communications	$	300,298	26.5	%	$	531,530	25.2	%
Total revenue	$	1,132,888	100.0	%	$	2,111,016	100.0	%


(in thousands, except percentages)	Three Months Ended December 27, 2024		As a % of Total Revenues		Six Months Ended December 27, 2024		As a % of Total Revenues
Optical communications
Datacom	$	299,101			$	627,982
Telecom	248,010				473,637
Datacenter interconnect (1)	100,039				171,846
Total revenue - Optical communications	$	647,150	77.6	%	$	1,273,465	77.8	%
Non-optical communications
Automotive	$	104,247			$	206,988
Industrial laser	37,542				72,868

Others	44,669				84,515
Total revenue - Non-optical communications	$	186,458	22.4	%	$	364,371	22.2	%
Total revenue	$	833,608	100.0	%	$	1,637,836	100.0	%

(1)Datacenter interconnect (DCI) modules are opto-electronic modules used to connect two or more geographically separated data centers.

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

The following tables summarize the activity in the Company’s contract liabilities during the six months ended December 26, 2025:


(in thousands)	Contract Liabilities
Beginning balance, June 27, 2025	$	14,467
Advance payments received during the period	17,855
Revenue recognized	(14,883)
Ending balance, December 26, 2025	$	17,439

Inventories - Schedule of inventory (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Inventory Disclosure [Abstract]
Raw materials	$ 229,604	$ 145,128
Work in progress	469,925	377,736
Finished goods	70,584	33,016
Goods in transit	28,797	25,135
Total inventories	$ 798,910	$ 581,015

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

6 Months Ended

Dec. 26, 2025

Cash and Cash Equivalents [Abstract]

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

The Company’s cash, cash equivalents, and short-term investments are as follows:


					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Short-term Investments		Other Investments
As of December 26, 2025
Cash	$	308,348	$	—	$	308,348	$	—	$	—
Cash equivalents	11,510		(3)		11,507		—		—

Certificates of deposit and time deposits	108,054		308		—		108,362		—
Corporate debt securities	224,744		8,967		—		233,711		—
U.S. agency and U.S. treasury securities	297,759		1,086		—		298,845		—
Total	$	950,415	$	10,358	$	319,855	$	640,918	$	—
As of June 27, 2025
Cash	$	295,242	$	—	$	295,242	$	—	$	—
Cash equivalents	11,183		—		11,183		—		—

Certificates 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	$	—

Schedule of Available-for-Sale Securities Based on Stated Effective Maturities


	December 26, 2025				June 27, 2025
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	108,054	$	108,362	$	128,958	$	129,977
Due between one to five years	522,503		532,556		490,143		497,842
Total	$	630,557	$	640,918	$	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).

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+ Details

Restructuring and other related costs	6 Months Ended
Restructuring and other related costs	Dec. 26, 2025
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 December 26, 2025, there was no restructuring liability balance.

Intangibles - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Intangibles - Narrative (Details) - USD ($) $ in Millions	Dec. 26, 2025	Dec. 27, 2024	Dec. 26, 2025	Dec. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense related to intangibles	$ 0.2	$ 0.2	$ 0.4	$ 0.5

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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+ Details

Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 26, 2025	Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Gross carrying amount	$ 12,689	$ 12,159
Accumulated amortization	(10,456)	(10,003)
Total	$ 2,233	$ 2,156

Inventories (Tables)

6 Months Ended

Dec. 26, 2025

Inventory Disclosure [Abstract]

Schedule of Inventory


(in thousands)	As of December 26, 2025		As of June 27, 2025
Raw materials	$	229,604	$	145,128
Work in progress	469,925		377,736
Finished goods	70,584		33,016
Goods in transit	28,797		25,135
Total inventories	$	798,910	$	581,015