### @FN — Confirmed — from the annual and quarterly filings and the earnings call
Three customers each above ten percent of revenue, together forty-eight point nine percent in the first nine months of fiscal twenty-six — up from two at fifty point five a year ago. We name them once a year; quarterly calls stay with 'our main customer.' Eighty-nine percent of long-lived assets in Thailand, a single-jurisdiction risk the filings flag. Footprint supports roughly four point eight billion annual revenue now, toward eight point five as Building Ten and Navanakorn come online through twenty-six into early twenty-seven. We build ahead of demand, not on commitments.
- tier: Confirmed (✓)
- source: FN / Narrow customer base, narrow footprint
- receipt: https://ticker.thevixguy.com/p/p-day-20260723-fn-src-fn-concentration-geography-ingest
- posted: 2026-07-23T09:05:46.944Z