Fabrinet(US:FN)2024-02-06 01:59Financial Performance - Fabrinet's Q2 revenue reached a new record of $712.7 million, exceeding guidance[19] - The company's revenue increased by 7% year-over-year, compared to an 18% increase in the same period last year[19] - Non-GAAP gross margin was 12.6% for the quarter ended December 29, 2023[19] - Non-GAAP operating margin was 10.7% for the same quarter[19] - Non-GAAP EPS for Q2 was $2.08, exceeding guidance and setting a new quarterly record[19] - Cash, cash equivalents were $740.6 million as of December 29, 2023[31] Revenue Breakdown - Optical communications revenue was $567.9 million in F2Q24, representing 80% of total revenue[43, 51] - Non-optical communications revenue was $144.8 million in F2Q24, accounting for 20% of total revenue[43, 51] - Within optical communications, datacom revenue was $288.1 million and telecom revenue was $279.8 million in F2Q24[43] - >=400-Gig optical communications revenue reached $378.1 million in F2Q24[44]