Supply Constraints Weighed on Fabrinet (FN)

Osterweis Capital Management reported that Fabrinet (NYSE:FN) was one of their underperforming IT investments in Q2 2026. The company is a key provider of optical packaging, precision manufacturing, and electronic services to technology firms. Despite overall growth nearing 40%, supply chain constraints related to commodities have hindered Fabrinet's shipment volumes.

The fund decided to reduce their position in the stock, opting for companies with better execution in the current market. Fabrinet's stock has seen a year-over-year increase of 10.13%, but it has declined by 7.77% over the past month. The company has a market capitalization of $14.47 billion and trades between $354.41 and $748.89 over the past year.