A display panel and a fabricating method are provided. Display panel includes a display assembly and sound generation assemblies. The display assembly comprises a display assembly substrate and a plurality of pixel components. Each sound generation assembly comprises a vibrating membrane and an exciter. The exciter comprises a motion part in contact with the vibrating membrane and a drive part driving the motion part to vibrate, and the motion part vibrates to drive the vibrating membrane to vibrate. The display assembly substrate and the vibrating membrane are the same structure. The pixel components are disposed on a side of the vibrating membrane facing away from the exciter. A projection of the each sound generation assembly on the display assembly substrate covers projections of at least two pixel components on the display assembly substrate.