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Fabrinet (FN)
NYSE:FN
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$2.5Last Year’s EPS
$2.08Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -7.66%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong start to fiscal year 2025 with record revenue and growth across key segments. While foreign exchange presented a challenge, the company showed resilience with a robust operating margin and strategic expansions.Company Guidance
During Fabrinet's Q1 2025 earnings call, the company reported strong financial performance with revenue reaching $804 million, surpassing the upper end of their guidance range and marking a 17% year-over-year increase. The operating margin stood at a healthy 10.7%, contributing to non-GAAP earnings per share of $2.39, despite a $0.19 headwind from foreign exchange revaluations. Optical communications revenue was robust at $626 million, with datacom revenue showing a significant 36% year-over-year growth. Non-optical communications also saw a notable increase, driven by automotive revenue exceeding $100 million for the first time. The company is optimistic about continued momentum into Q2, projecting revenue between $800 million and $820 million, and EPS in the range of $2.44 to $2.52. Overall, Fabrinet's strong start to the fiscal year is supported by growth across all major product groups and strategic business expansions.Record-Breaking Revenue and Growth
First quarter revenue reached a new record level of $804 million, increasing 17% from a year ago and 7% from Q4.
Strong Performance in Optical Communications
Optical communications revenue was $626 million, up 17% from a year ago. Datacom revenue increased 36% from a year ago.
Automotive and Industrial Laser Growth
Automotive revenue exceeded $100 million for the first time, driven by EV charging infrastructure products. Industrial laser revenue reached its highest level in 2 years.
Building Expansion
Significant progress in planning for Building 10, which will increase the company's total footprint by more than 50%.
Strong Operating Margins
Operating margin was 10.7%, consistent with the previous quarter, reflecting strong profitability.
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FN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $239.61 | $230.23 | -3.91% |
| Aug 19, 2024 | $231.55 | $268.00 | +15.74% |
| May 06, 2024 | $188.83 | $209.31 | +10.85% |
| Feb 05, 2024 | $223.60 | $182.43 | -18.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fabrinet (FN) report earnings?
Fabrinet (FN) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Fabrinet (FN) earnings time?
Fabrinet (FN) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FN EPS forecast?
FN EPS forecast for the fiscal quarter 2025 (Q2) is $2.5.
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