Fabrinet(US:FN) Globenewswire·2025-11-03 21:15Core Insights - Fabrinet reported record revenue of $978 million for the first fiscal quarter, exceeding guidance and driven by strong telecom performance and early contributions from High-Performance Computing revenue [2][6] - The company achieved GAAP net income of $95.9 million, up from $77.4 million year-over-year, with diluted earnings per share (EPS) of $2.66 compared to $2.13 in the previous year [6][22] - Non-GAAP net income reached $105.3 million, an increase from $86.9 million, with non-GAAP diluted EPS of $2.92, up from $2.39 [6][22] - For the second fiscal quarter, Fabrinet expects revenue between $1.05 billion and $1.10 billion, with GAAP diluted EPS guidance of $2.91 to $3.06 and non-GAAP diluted EPS guidance of $3.15 to $3.30 [4][26] Financial Performance - First quarter revenue for fiscal year 2026 was $978.1 million, a 21.6% increase from $804.2 million in the same quarter of fiscal year 2025 [6] - GAAP net income for the first quarter was $95.9 million, representing a 23.9% increase from $77.4 million year-over-year [6] - Non-GAAP net income for the first quarter was $105.3 million, up 21.0% from $86.9 million in the prior year [6] - The company reported a gross profit of $116.4 million, with a gross margin of 11.9% for the first quarter [20] Business Outlook - Fabrinet is optimistic about growth acceleration in the second quarter, supported by multiple tailwinds [2] - The company anticipates continued strong execution in its operations, contributing to revenue growth [2] - Guidance for the second quarter includes expectations for revenue in the range of $1.05 billion to $1.10 billion [4][26]