Fabrinet says Q3 datacom revenue to be ‘down slightly sequentially’

The company states: “By major product area, we anticipate datacom revenue to be down slightly sequentially in anticipation of the ramp in the coming quarters from next generation products. We expect telecom revenue to see strong sequential growth again in Q3 as increasing DCI momentum and new system wins needs make larger contributions. We also expect automotive revenue to continue to grow sequentially. We expect FX pressure on gross margin to persist in the third quarter, but believe we can again offset much of that impact with continued operating leverage.” Comments taken from Q2 earnings conference call.