Fabrinet

FN

Equity

ISIN KYG3323L1005 / Valor 3595304

New York Stock Exchange, Inc (2025-03-14)

USD 220.00-1.64%

Fabrinet
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About company

Fabrinet is a leading provider of 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. With two campuses located near Bangkok, Thailand, Fabrinet leverages its well-established operations and strategic location to optimize material costs and provide scalable facilities and workforce tailored to meet customers' demands. With over 20 years of experience in volume manufacturing, Fabrinet's engineering process and assembly lines are designed for flexibility and efficiency to deliver high-quality products to its global clientele.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue

Fabrinet reported record revenue for the first quarter of fiscal year 2025, reaching $804.2 million. This represents a 17% increase compared to the $685.5 million recorded in the first quarter of fiscal year 2024. The revenue exceeded the company's guidance range, driven by growth across all product areas, including telecom.

GAAP Net Income

For the first quarter of fiscal year 2025, Fabrinet's GAAP net income was $77.4 million, up from $65.1 million in the same quarter of the previous year. This increase in net income reflects the company's strong revenue performance and effective cost management.

Non-GAAP Earnings

Fabrinet's non-GAAP net income for the first quarter of fiscal year 2025 was $86.9 million, compared to $72.8 million in the first quarter of fiscal year 2024. Non-GAAP net income per diluted share was $2.39, up from $2.00 in the previous year, highlighting the company's improved profitability.

Business Outlook

Looking ahead to the second quarter of fiscal year 2025, Fabrinet expects revenue to be in the range of $800 million to $820 million. The company anticipates GAAP net income per diluted share to be between $2.20 and $2.28, with non-GAAP net income per diluted share expected to range from $2.44 to $2.52.

Optimistic Future

Fabrinet's CEO, Seamus Grady, expressed optimism about the company's future, citing strong business momentum and execution. The company aims to continue expanding its market leadership and expects the positive trends to persist into the fiscal second quarter of 2025.

Summarized from source with an LLMView Source

Key figures

11.1%1Y

128%3Y

316%5Y

Performance

58.7%1Y

50.4%3Y

46.2%5Y

Volatility