Fabrinet’s (FN) shares have lost 5.2% in the past three months, underperforming the broader Zacks Computer & Technology sector’s growth of 9.5% and the Zacks Electronics - Miscellaneous Components industry’s decline of 3.9%.FN's underperformance resulted from lower revenues from non-speed-rated optical communications products in first-quarter fiscal 2025, and an unexpected shift in Datacom's revenue mix between 400 gig and 800 gig transceivers.Also, a $7-million loss from the stronger Thai baht against the ...

Nvidia-related news had Fabrinet investors feeling more bearish today.Fabrinet (FN -9.02%) stock saw big sell-offs in Wednesday's trading. The engineering and manufacturing specialist's share price closed out the daily session down 9% and had been down as much as 13.6% earlier in the day's trading.Fabrinet stock lost ground today after B. Riley downgraded its rating on the stock from neutral to sell. The firm also lowered its one-year price target on the stock to $178 per share, down from its previous targe ...

Earnings - So-Young expects Q4 revenue to be between RMB 350 million and RMB 370 million [1] - So-Young reported Q3 EPS of RMB 0.20, an increase from RMB 0.18 in the same period last year [1] - Nio anticipates Q4 revenue to be between RMB 19.68 billion and RMB 20.38 billion [3] - Nio reported Q3 EPS of RMB 2.50, down from RMB 2.67 in the previous year [5] Recommendations - Barclays raised the price target for Xiaomi by $8 [2] - Barclays raised the price target for Viking Holdings by $6 [2] - Barclays raised the price target for Trip.com by $8 [2] - Barclays raised the price target for TC Energy by C$7 [2] - Barclays raised the price target for Rubrik by $9 [2] - Barclays raised the price target for Keysight Technologies by $20 [4]

Proprietary deal commentary available to members only. Sign up or login for access.Tues TGLSX TGLS Tecnoglass Block Trade Managers: Morgan StanleyPriced at: $73.801.432M SharesSpecial CommentsExclusive Analysis LockedProprietary deal commentary available to members only. Sign up or login for access. Create FREE AccountProprietary deal commentary available to members only. Sign up or login for access.Managers:$73.801.432M SharesYOUX YOU Clear Secure Block Trade Managers: Morgan StanleyPriced at: $26.504. ...

Table of Contents ____________________________ ____________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 27, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from__________to__________ Commission File Number: 001 ...

For the quarter ended September 2024, Fabrinet (FN) reported revenue of $804.23 million, up 17.3% over the same period last year. EPS came in at $2.39, compared to $2.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $770.28 million, representing a surprise of +4.41%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Fabrinet (FN) came out with quarterly earnings of $2.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company that assembles optical, electro-mechanical and electronic devices for other companies would post earnings of $2.25 per share when it actually produced earnings of $2.41, delivering a surprise of 7.11%.Over the last four quarters, the company has su ...

Financial Data and Key Metrics - Q1 2025 revenue reached $804 million, up 17% YoY and 7% QoQ, exceeding guidance [7] - Operating margin was 10.7%, consistent with Q4, while non-GAAP EPS was $2.39, at the upper end of guidance despite a $0.19 FX headwind [7][12] - Gross margin improved to 12.7%, up 20 basis points QoQ, with operating income hitting a record $86 million [16] - Cash and short-term investments increased to $909 million, up $50 million QoQ, with free cash flow of $63 million [18] Business Line Performance - Optical Communications revenue was $626 million (78% of total), up 17% YoY and 5% QoQ [13] - Datacom revenue grew 36% YoY to $329 million, driven by AI-related optical interconnect products [8][13] - Telecom revenue increased 2% YoY to $297 million, marking the first YoY growth in six quarters [8][14] - Non-Optical Communications revenue grew 17% YoY to $178 million, driven by strong automotive EV charging infrastructure products exceeding $100 million for the first time [9][15] - Industrial laser revenue reached its highest level in two years [10] Market and Product Trends - Below 800 gig products saw strong growth, with revenue up 30% YoY to $262 million, driven by Datacom programs and DCI products like 400ZR [14] - 800 gig or faster products revenue was $257 million, up 19% YoY but down 1% QoQ due to early-stage customer ramps [15] - 400ZR products accounted for 10% of Optical Communications revenue in Q4 [15] Strategic Developments and Industry Outlook - Construction of Building 10 is progressing, expected to increase total footprint by over 50% and support growth for several years [10] - The company remains optimistic about long-term Datacom trends, particularly in AI applications, and expects Telecom headwinds to turn into tailwinds with continued DCI and Telecom system demand [8][9] - Automotive and industrial laser trends are expected to continue into Q2 [10] Management Commentary on Environment and Outlook - Management highlighted strong momentum across all major product groups and expects Q2 revenue to be between $800 million and $820 million, with EPS guidance of $2.44 to $2.52 [19][20] - A strengthening Thai Baht may pressure gross margins, but operating leverage is expected to offset this impact [20] Q&A Session Summary Datacom and 800 Gig Trends - The mix between 400 gig and 800 gig products shifted in Q1, with 800 gig remaining robust but transitioning to 1.6 terabit products [23][24] - A new business win contributed to 400 gig growth, alongside a mix shift with the main customer [26][27] Telecom and ZR Products - Telecom growth was driven by DCI products, particularly 400ZR, with traditional Telecom showing signs of stabilization [51] - The company has six ZR customers and is optimistic about continued growth in this segment [53] Automotive and Industrial Trends - Automotive growth is driven by share gains in EV charging infrastructure, not inventory refill, and is expected to be sustainable [44] 1.6 Terabit Transceivers - 1.6 terabit revenue is expected to ramp significantly once the main customer's Blackwell platform ships in volume [46] - No significant component constraints are anticipated for 1.6 terabit products [47][58] Financial Model and Interest Income - Interest income is expected to remain stable in Q2, with potential headwinds from declining interest rates in the future [59]

fabrinet COMPANY OVERVIEW November 4, 2024 Trusted Manufacturing Partner of the World's Most Demanding OEMs 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, ...

Exhibit 99.1 Fabrinet Announces First Quarter Fiscal Year 2025 Financial Results • Record First Quarter Revenue Exceeds Guidance Range BANGKOK, Thailand – November 4, 2024 – 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 fiscal first quarter ended September 27, 2024. Seamus Grady, Chief Executive Officer ...