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. ...

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]

Financial Performance - Q1 2025 revenue reached a record high of $804.2 million[10, 13, 14] - Q1 2025 non-GAAP operating margin was 10.7%[13, 14] - Q1 2025 non-GAAP EPS was $2.39, at the upper end of guidance[13, 14] - The company has a strong balance sheet with $908.9 million in cash and cash equivalents[15] Revenue Trends - Total revenue for the quarter ended September 27, 2024, was $804.2 million, a 17% year-over-year increase compared to $685.5 million for the quarter ended September 29, 2023[10, 13] - Optical communications revenue for F1Q25 was $626.3 million[10, 17] - Non-optical communications revenue for F1Q25 was $177.9 million[11, 17] Revenue Mix - Optical communications accounted for 78% of total revenue in F1Q25[16] - Datacom represented 53% of optical revenue in F1Q25[16] - Telecom accounted for 47% of optical revenue in F1Q25[16]

Core Viewpoint - Fabrinet is set to release its financial results for the first quarter of fiscal year 2025 on November 4, 2024, after market close, with a conference call scheduled for the same day to discuss the results [1]. Company Overview - Fabrinet is a leading provider of advanced optical packaging and precision manufacturing services, catering to original equipment manufacturers of complex products, including optical communication components, automotive components, medical devices, and industrial lasers [2]. - The company offers a comprehensive range of capabilities throughout the manufacturing process, including process design, supply chain management, advanced packaging, integration, and testing [2]. - Fabrinet operates engineering and manufacturing facilities in Thailand, the USA, China, and Israel, focusing on high complexity products in various mixes and volumes [2].

Fabrinet (NYSE: FN ) continues its ascent in 2024 as a stock market darling with the power of Nvidia ( NVDA ) behind it. The stock has been on a run, with gains so far in 2024 I am focused on Canadian stocks, Technology and growth stocks. The key to long term returns are disruptive companies that change the landscape of their industry. I also focus on Mid-Cap companies with strong management and high growth to attain alpha. I buy swing positions as well for quality companies when they return to their longer ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

Fabrinet (FN) closed the last trading session at $210.74, gaining 1.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $265.17 indicates a 25.8% upside potential. The average comprises six short-term price targets ranging from a low of $196 to a high of $300, with a standard deviation of $37.58. While the lowest estimate indicates a decline of 7% from the current price level, the m ...

Shares of Fabrinet (FN) have been struggling lately and have lost 10.7% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the st ...