2026 Q2 earnings season: GigaDevice Innovation's net profit increased by 1091.5% year-on-year; Xiaomi's Q2 single-quarter revenue exceeded 100 billion again; Baidu's revenue misses expectations
Fabrinet (FN), a key foundry of AI optical communication, saw its revenue in the fourth fiscal quarter increase by 45% year-on-year to a record of US$1.32 billion, and its adjusted EPS of US$4.10 exceeded expectations. Its revenue in 2026 was US$4.64 billion (+36%), and the median Q1 guidance of US$1.405 billion also exceeded expectations, once again confirming the structural upward trend of optical interconnection demand in AI data centers; On the same day, the annual underlying profit of BHP Billiton (BHP), the world's largest mining company, surged by 30% year-on-year to $13.2 billion, with a dividend payout ratio of 72%. The soaring copper price pushed the copper business revenue to surpass iron ore to become the largest revenue source for the first time.
