Welcome to our dedicated news page for Fabrinet (Ticker: FN), a resource for investors and traders seeking the latest updates and insights on Fabrinet.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fabrinet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Fabrinet (FN) will announce its financial results for the third quarter of fiscal year 2024 on May 6, 2024. The company specializes in optical packaging and manufacturing services for complex products. The conference call and webcast to discuss the results will be held at 4:30 p.m. EDT on the same day.
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2.74%
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Fabrinet (FN) surpasses guidance ranges with record revenue and net income per share. Second quarter fiscal year 2024 revenue was $712.7 million, up from $668.7 million in the second quarter of fiscal year 2023. GAAP net income was $69.1 million, compared to $63.2 million in the same period. Non-GAAP net income was $76.1 million, up from $70.0 million. The company expects third quarter revenue to be in the range of $705 million to $725 million.
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-18.41%
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Fabrinet (NYSE: FN) has published its Sustainability Report for fiscal year 2023, showcasing its commitment to ethical, environmentally responsible, and socially supportive operations. The report covers progress in sustainability initiatives, including improving quality of life for local communities, expanding talent pipeline, upholding dedication to labor and human rights, identifying sustainability opportunities through lean manufacturing, reducing carbon footprint, and advancing ESG oversight.
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-0.04%
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Fabrinet (NYSE: FN) announced it will release financial results for the second quarter of fiscal year 2024 on February 5, 2024, after market close. The management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company’s results. The webcast will be available on Fabrinet’s website for a period of one year.
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-0.04%
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Fabrinet (NYSE: FN) will present at the Needham & Company Virtual Tech Week Conference on November 14, 2023, at 12:00 p.m. ET. A live webcast and replay will be available at https://investor.fabrinet.com/
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End-of-Day
6.14%
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Fabrinet (NYSE: FN) announced its financial results for the first fiscal quarter ended September 29, 2023. The company reported record revenue of $685.5 million, compared to $655.4 million in the same quarter last year. GAAP net income was $65.1 million, with a net income per diluted share of $1.78. Non-GAAP net income was $72.8 million, with a net income per diluted share of $2.00. Fabrinet expects second quarter revenue to be in the range of $680 million to $700 million.
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Rhea-AI Sentiment
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6.14%
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Fabrinet (NYSE: FN) will release financial results for the first quarter of fiscal year 2024 on November 6, 2023. A conference call and webcast will be held to discuss the results.
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1.07%
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Fabrinet (NYSE: FN) exceeded guidance for revenue and earnings per share in the fourth quarter of fiscal year 2023. Strong growth in datacom revenue driven by new AI products offset inventory adjustments at some customers. Fourth quarter revenue was $655.9 million, compared to $587.9 million in the previous year. GAAP net income was $60.8 million, compared to $56.2 million in the previous year. Non-GAAP net income was $68.4 million, compared to $62.6 million in the previous year. Fabrinet's Board of Directors approved the repurchase of up to an additional $47.6 million of Fabrinet's ordinary shares. Fabrinet expects first quarter revenue to be in the range of $650 million to $670 million.
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Rhea-AI Sentiment
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31.58%
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Fabrinet (NYSE: FN) will release its Q4 and FY 2023 financial results on August 21, 2023. The company provides advanced optical packaging and manufacturing services. A conference call and webcast will be held to discuss the results.
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End-of-Day
0.89%
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Fabrinet to present at Rosenblatt Securities 3rd Annual Technology Summit
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3.26%
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Fabrinet
NYSE:FN
FN Rankings
FN Stock Data
6.27B
36.13M
0.32%
103.81%
3.71%
Electronic Computer Manufacturing
Manufacturing
United States of America
SANTA CLARA
About FN
fabrinet is the trusted manufacturing partner of the world’s most demanding oems. we offer a full range of services. we provide complex optical and electro-mechanical components, modules, and bulk optics. these components serve the markets of data communications, telecommunications, networking, medical devices, and automotive technologies. our customers are top-tier oems. we provide our customers with a seamless transition from a product’s prototype through its final production. we offer full support for testing and process development. we also support design for manufacturing and a full-turnkey supply chain. this allows us to help with the development and continuous improvement of a product. our services come with fabrinet’s focus on quality, flexibility, and competitiveness, all of which we tailor to match the unique needs of our customers. we are hiring the following positions: general manager qa director quality manager operation manager engineering manager program coordination man