Fabrinet reports Q1 EPS $2.39, consensus $2.38

Reports Q1 revenue $804.2M, consensus $770.37M. Seamus Grady, Chief Executive Officer of Fabrinet (FN), said, “We started fiscal year 2025 with significant momentum across our business. Record revenue of $804 million increased 17% from a year ago and was above our guidance range. We saw revenue growth from every product area, including our first telecom revenue growth in several quarters. Strong margins coupled with our revenue performance helped produce earnings per share at the upper end of our guidance range. We are optimistic that our strong business momentum and execution will extend into the fiscal second quarter as we continue to expand on our leadership in the market.”