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 ...

Core Insights - OSI Systems (OSIS) is experiencing significant growth in its Security division, with revenues increasing by 16% year over year to approximately $290 million in Q2 of fiscal 2025, contributing to a total revenue increase of 12% to $419.8 million [1] - The company has a strong order book with a book-to-bill ratio of 1.2 and a backlog exceeding $1.8 billion as of December 31, 2024 [1] Group 1: Security Division Performance - The Security division's strong performance has led to a 17.5% appreciation in OSIS shares year to date, outperforming industry peers such as Fabrinet, TE Connectivity, and Universal Display [2] - Recent orders include a $76 million contract for airport screening solutions and a $32 million order for RF-based critical systems for secure communications [3][4] - Additional orders include a $12 million contract for the Eagle M60 ZBx inspection system and an $81 million order for the Eagle M60 mobile inspection system [5] Group 2: Future Guidance - OSIS has raised its revenue guidance for fiscal 2025 to a range of $1.685 to $1.71 billion, indicating expected growth of 9.5% to 11.1% [7] - Non-GAAP earnings guidance has also been increased to between $9.10 and $9.40 per share, reflecting an expected growth of 11.9% to 15.6% [7]

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].

Core Viewpoint - Micron Technology reported strong fiscal Q2 2025 earnings, with significant year-over-year growth in both earnings per share and revenues, driven by high demand for its high bandwidth memory products [1][2]. Financial Performance - Earnings per share for Q2 fiscal 2025 were $1.56, exceeding the Zacks Consensus Estimate by 9.1% and up 271% from the previous year's earnings of $0.42 [1] - Revenues increased by 38.3% year over year to $8.05 billion, surpassing the Zacks Consensus Estimate by 1.97% [2] - Non-GAAP gross profit reached $3.05 billion, a significant increase from $1.16 billion in the year-ago quarter, although it declined 11.3% sequentially [7] - Non-GAAP gross margin improved to 37.9% from 20% year over year but decreased from 39.5% in the previous quarter [7][9] Revenue Breakdown - DRAM revenues were $6.1 billion, accounting for 76% of total revenues, up 47.3% year over year but down 4.3% sequentially [4] - NAND revenues totaled $1.86 billion, representing 23% of total revenues, up 18.4% year over year but down 17.2% quarter over quarter [4] - Revenues from the Compute and Networking Business Unit soared 109% year over year to $4.56 billion [5] - Mobile Business Unit revenues declined 33% year over year to $1.07 billion due to customer inventory adjustments [6] Cash Flow and Balance Sheet - The company ended the quarter with cash and investments of $8.22 billion, up from $7.58 billion in the prior quarter [10] - Operating cash flow for the quarter was $3.94 billion, with capital expenditures of $3.09 billion, resulting in adjusted free cash flow of $857 million [11] Future Outlook - Micron anticipates Q3 fiscal 2025 revenues of $8.80 billion (+/- $200 million), above the Zacks Consensus Estimate of $8.47 billion [12] - Projected non-GAAP gross margin for Q3 is 36.5% (+/- 100 basis points) [12] - Adjusted EPS for Q3 is expected to be $1.57 (+/- 10 cents), contrasting with a consensus loss estimate of $1.48 per share [13]

Group 1: Tariffs Impact - Companies with software-driven hardware are less affected by tariffs, while commoditized IT hardware players are facing rising costs [2] - Networking leaders like Cisco Systems and Arista Networks can pass costs down the supply chain, giving them a competitive edge [2] - PC and server manufacturers are experiencing tighter margins and have limited ability to raise prices without losing customers [3] Group 2: Federal Spending Cuts - A slowdown in government IT budgets may adversely affect device makers more than infrastructure players [4] - Cisco has over 5% of its revenue linked to federal spending, which could lead to near-term pressure, but long-term benefits from federal tech modernization are anticipated [4] - Channel partners like CDW have notable exposure to federal spending but are currently downplaying risks [4] Group 3: CoWoS Supply Chain Issues - Recent order cuts in CoWoS by Nvidia and Amazon are reshaping supplier valuations [5] - Nvidia-linked companies such as Fabrinet, Amphenol, and Coherent may face valuation compression despite stable revenue estimates [5] Group 4: Overall Market Outlook - Cisco and Arista appear relatively insulated from tariff impacts, while Nvidia's supply chain is facing valuation challenges [6] - Federal spending concerns may pose short-term obstacles for key players, but companies with software-rich and infrastructure-driven models are better positioned to thrive [6]