Fabrinet(US:FN)2024-05-07 02:49Financial Performance - Q3 revenue reached a record of $731.5 million[52], exceeding previous guidance - Q3 non-GAAP EPS also hit a new quarterly record at $2.39[52], surpassing guidance - Revenue for the quarter ended March 29, 2024, was $731.5 million, a 10% increase year-over-year[34] - Non-GAAP gross profit for the quarter was $92.5 million, with a gross margin of 12.6%[34] - Non-GAAP operating profit was $78.0 million, resulting in an operating margin of 10.7%[34] - GAAP net income was $80.9 million, while non-GAAP net income reached $87.7 million[34] Revenue Breakdown - Optical communications revenue was $591.4 million in F3Q24[57] - Non-optical communications revenue was $140.1 million in F3Q24[57] - Datacom revenue within optical communications was $305.5 million in F3Q24[57], representing 52% of optical revenue[38] - Telecom revenue within optical communications was $286.0 million in F3Q24[57], accounting for 48% of optical revenue[38] - Revenue from products with speeds >=400-Gig was $426.3 million in F3Q24[58] Balance Sheet - Cash, cash equivalents, marketable securities, and restricted cash totaled $794.0 million[53] - Working capital stood at $609.0 million[53] - Total debt was $3.0 million[53] - Total shareholders' equity was $1,660.2 million[53]