Group 1 - Fabrinet (FN) is currently outperforming its peers in the Computer and Technology sector with a year-to-date return of approximately 8.7%, compared to the sector average of 2.1% [4] - The Zacks Rank for Fabrinet is 1 (Strong Buy), indicating a positive outlook based on earnings estimates and revisions, with a consensus estimate for full-year earnings increasing by 3.3% in the past quarter [3] - Fabrinet belongs to the Electronics - Miscellaneous Components industry, which has an average year-to-date gain of 5%, further highlighting its strong performance relative to its industry [5] Group 2 - Hewlett Packard Enterprise (HPE) is another stock in the Computer and Technology sector that has shown strong performance, with a year-to-date return of 2.3% and a Zacks Rank of 2 (Buy) [4][5] - The Computer - Integrated Systems industry, which includes HPE, has seen a year-to-date increase of 9.8%, ranking 77 among 12 stocks [6] - Investors are encouraged to monitor both Fabrinet and Hewlett Packard Enterprise for their potential to maintain solid performance in the future [6]

Core Viewpoint - Fabrinet's stock experienced an 8% increase following a bullish initiation of coverage by analyst Steven Fox, outperforming the S&P 500 index's modest gain of 0.2% on the same day [1][2]. Company Analysis - Steven Fox initiated coverage of Fabrinet with a buy recommendation and a price target of $270 per share, suggesting a potential rise of over 12% from current levels [2]. - Fabrinet is recognized as the most consistent electronics manufacturing services (EMS) provider in the industry, focusing on building a leading supply chain position in the attractive optical communications markets since its founding in 2000 [3]. - The company is heavily tied to the optical segment, which is projected to account for approximately 80% of its sales by 2025 [4]. Financial Projections - Analysts expect Fabrinet's per-share earnings to increase from $8.88 in the previous year to $10.31 in 2025, and further to $11.64 in 2026 [5]. - Sales are anticipated to grow by 17% this year, reaching $3.39 billion, and are projected to rise to $3.83 billion by 2026 [5].

Group 1 - The article discusses the initiation of coverage on Fabrinet, Inc (NYSE: FN), highlighting its position as a mid-cap player in advanced optical and electro-mechanical manufacturing [1] - The growth potential of the company's datacom category is emphasized, indicating a positive outlook for this segment [1]

Core Viewpoint - Fabrinet (FN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant buying or selling activity that affects stock prices [4]. Company Performance and Outlook - Fabrinet is projected to earn $10.35 per share for the fiscal year ending June 2025, reflecting a year-over-year increase of 16.6% [8]. - Over the past three months, the Zacks Consensus Estimate for Fabrinet has risen by 3.3%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Fabrinet's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Insights - Fabrinet reported strong second-quarter results with revenue of $833.6 million, exceeding the consensus estimate of $814.3 million, and adjusted EPS of $2.61, surpassing the consensus of $2.50 [1][2] Financial Performance - The company anticipates third-quarter FY25 revenue between $850 million and $870 million, which is above the street view of $825.72 million. Adjusted EPS is projected to be between $2.55 and $2.63, aligning with the street view of $2.55 [2] Market Reaction - Following the earnings announcement, Fabrinet shares fell by 9.6%, trading at $203.79 [3] Analyst Ratings - JP Morgan analyst maintained a Neutral rating and lowered the price target from $275 to $265 - Barclays analyst kept an Equal-Weight rating and reduced the price target from $292 to $245 - Rosenblatt analyst maintained a Buy rating and raised the price target from $280 to $285 - Needham analyst reiterated a Buy rating with a maintained price target of $280 [4]

Table of Contents For the transition period from__________to__________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-34775 Washington, D.C. 20549 ____________________________ FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 27, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FABRINET (Exact name of registrant as specified in i ...

COMPANY OVERVIEW February 3, 2025 1 Disclaimer This presentation and the accompanying oral presentation contain "forward-looking" statements that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our business plans and objectives, potential growth opportunities, competitive position, industry environm ...

Exhibit 99.1 GAAP Results Non-GAAP Results Fabrinet Announces Second Quarter Fiscal Year 2025 Financial Results Share Repurchase Program Expanded • Record Second Quarter Revenue and Earnings Per Share Above Guidance Ranges BANGKOK, Thailand – February 3, 2025 – Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for i ...

Record Second Quarter Revenue and Earnings Per Share Above Guidance RangesBANGKOK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its second fiscal quarter ended December 27, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, “With continued business momentum, we ...

BANGKOK, Thailand, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the second quarter of fiscal year 2025, which ended December 27, 2024, after market close on Monday, February 3, 2025. On that day, management will hold a conference call and webcast at 5:00 p.m. ES ...