BANGKOK, Thailand – May 5, 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 its third fiscal quarter ended March 28, 2025. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We had a very strong third quarter with revenue of $872 million dollars, which was above our guidance range. We delivered an ...

Core Insights - Fabrinet reported a strong third quarter with revenue of $872 million, exceeding guidance and reflecting robust telecom performance that offset a decline in datacom revenue [2][7] - The company achieved a GAAP net income of $81.3 million, slightly up from $80.9 million in the same quarter last year, with GAAP net income per diluted share increasing to $2.25 from $2.21 [7][24] - Non-GAAP net income for the quarter was $91.2 million, compared to $87.7 million a year ago, with non-GAAP net income per diluted share rising to $2.52 from $2.39 [7][24] Financial Performance - Revenue for Q3 FY2025 was $871.8 million, a 19.2% increase from $731.5 million in Q3 FY2024 [7] - GAAP net income for Q3 FY2025 was $81.3 million, a marginal increase from $80.9 million in Q3 FY2024 [7] - Non-GAAP net income for Q3 FY2025 was $91.2 million, up from $87.7 million in Q3 FY2024 [7] Earnings Guidance - For Q4 FY2025, Fabrinet expects revenue to be in the range of $860 million to $900 million [7] - GAAP net income per diluted share is projected to be between $2.32 and $2.47, while non-GAAP net income per diluted share is expected to range from $2.55 to $2.70 [7][27] Operational Highlights - The company continues to focus on advanced optical packaging and precision manufacturing services for complex products, serving various sectors including telecommunications, automotive, and medical devices [8] - Fabrinet maintains manufacturing resources in Thailand, the USA, China, and Israel, emphasizing its global operational capabilities [8]

Fabrinet (FN) is slated to release third-quarter fiscal 2025 results on May 5.For the fiscal third quarter, revenues are expected in the range of $850-$870 million. Non-GAAP earnings per share are anticipated to be between $2.55 and $2.63.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $858.96 million, suggesting 17.42% growth from the figure reported in the year-ago quarter.The consensus mark for earnings is pegged at $2.47 per share, down 5% in the past 30 days, suggesting 3.35 ...

Core Viewpoint - The market anticipates Fabrinet (FN) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for the period ending March 2025 [1][2]. Earnings Expectations - Fabrinet is expected to post quarterly earnings of $2.47 per share, reflecting a year-over-year increase of +3.4% [3]. - Revenues are projected to reach $858.96 million, which is a 17.4% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.68% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Fabrinet matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from the consensus estimate, with positive readings being more predictive of earnings beats [7][8]. - Fabrinet's current Zacks Rank is 3 (Hold), making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, Fabrinet exceeded the expected earnings of $2.51 per share by delivering $2.61, resulting in a surprise of +3.98% [12]. - Over the past four quarters, Fabrinet has surpassed consensus EPS estimates three times [13]. Industry Context - In the Zacks Electronics - Miscellaneous Components industry, nVent Electric (NVT) is expected to report earnings of $0.66 per share, indicating a year-over-year decline of -14.3% [17]. - nVent's revenue is anticipated to be $788.44 million, down 9.9% from the previous year [17]. - The consensus EPS estimate for nVent has been revised down by 0.4% over the last 30 days, resulting in an Earnings ESP of -0.40% [18].

This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding Innoviz's expectations, plans, and future prospects related to the strategic partnership with Fabrinet, the anticipated scaling of production, the economic benefits of the partnership and Fabrinet's compliance with the highest automotive-grade standards. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipat ...

BANGKOK, April 21, 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 third quarter of fiscal year 2025, which ended March 28, 2025, after market close on Monday, May 5, 2025. On that day, management will hold a conference call and webcast at 5:00 p.m. EDT to review and di ...

Company Overview - Fabrinet (FN) shares increased by 4.9% to close at $179.42, following a notable trading volume, contrasting with an 11.8% loss over the past four weeks [1] - The company specializes in assembling optical, electro-mechanical, and electronic devices for other companies [3] Demand and Growth - The optimism surrounding Fabrinet is driven by strong demand for its data center interconnect products and coherent ZR modules [2] - Fabrinet has expanded its manufacturing space by 50% at the Chonburi campus to support long-term growth [2] Financial Performance Expectations - Fabrinet is expected to report quarterly earnings of $2.60 per share, reflecting an 8.8% year-over-year increase [3] - Revenue projections stand at $860.76 million, indicating a 17.7% increase from the same quarter last year [3] Earnings Estimate Trends - The consensus EPS estimate for Fabrinet has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [5] - Empirical research indicates that trends in earnings estimate revisions are closely correlated with near-term stock price movements [4] Industry Context - Fabrinet is part of the Zacks Electronics - Miscellaneous Components industry, where another company, Ballard Power Systems (BLDP), saw a 1.9% increase in its stock price but has returned -14.3% over the past month [5] - Ballard's consensus EPS estimate has decreased by 10.6% over the past month, with a year-over-year change of +14.3% [6]

Core Viewpoint - Fabrinet (FN) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Outlook - The Zacks rating upgrade reflects a positive earnings outlook for Fabrinet, which is expected to lead to increased buying pressure and a rise in stock price [3][5]. - For the fiscal year ending June 2025, Fabrinet is projected to earn $10.31 per share, representing a 16.1% increase from the previous year's reported figure [8]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Fabrinet has increased by 2.9%, indicating a trend of rising earnings estimates [8]. - Empirical research shows a strong correlation between earnings estimate revisions and near-term stock movements, making it beneficial to track these revisions for investment decisions [6]. 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 a strong potential for market-beating returns in the near term [10].

Group 1 - Fabrinet (FN) is currently outperforming its peers in the Computer and Technology sector, with a year-to-date return of 1.7% compared to the sector's average return of -10.5% [4] - The Zacks Rank for Fabrinet is 2 (Buy), indicating a positive earnings outlook, with a 2.9% increase in the consensus estimate for full-year earnings over the past three months [3] - Fabrinet belongs to the Electronics - Miscellaneous Components industry, which has an average year-to-date loss of 6.8%, further highlighting its strong performance relative to its industry [5] Group 2 - Compass, Inc. (COMP) is another stock in the Computer and Technology sector that has shown strong performance, with a year-to-date return of 49.2% [4] - The consensus EPS estimate for Compass, Inc. has increased by 66.1% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [5] - The Internet - Software industry, to which Compass, Inc. belongs, has a year-to-date return of -3.6%, indicating that Compass is performing significantly better than its industry average [6]

Core Viewpoint - Fabrinet (NYSE: FN) is experiencing strong performance with positive Q4 results and accelerated revenue growth, particularly in the Telecom segment, despite short-term market concerns [1]. Group 1: Financial Performance - Fabrinet's Q4 results indicate an acceleration in revenue growth, showcasing the company's resilience in a challenging market environment [1]. Group 2: Market Position - The company is positioned well within the Telecom segment, which is contributing significantly to its overall revenue growth [1].