Fabrinet reports news on its role as a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for original equipment manufacturers of complex products. Its work spans optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors, with capabilities that include process design, engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing.
Recurring updates include quarterly financial results and guidance, customer and program activity in datacom, telecom and high-performance computing markets, investor conference participation, and corporate responsibility reporting covering sustainable manufacturing, supply chain and quality management, risk management, employee development and community initiatives.
Innoviz Technologies (NASDAQ: INVZ), a Tier-1 supplier of automotive LiDAR sensors, has expanded its Non-Recurring Engineering (NRE) payment plan with key customers. The plan's total value has increased to approximately $95 million from $80 million, with payments expected between 2025 and 2027.
The expanded NRE payments, which are additional to regular product revenue, stem from development activities Innoviz performs for existing customers. The company has also partnered with Fabrinet (NYSE: FN) to launch mass production of the InnovizTwo LiDAR platform, preparing for multiple project Start of Production (SOP) dates in 2026.
Fabrinet (NYSE: FN) reported strong financial results for Q3 FY2025, with revenue reaching $871.8 million, surpassing their guidance and showing significant growth from $731.5 million in Q3 FY2024. The company's telecom segment demonstrated robust growth, offsetting an expected sequential decline in datacom revenue.
GAAP net income reached $81.3 million ($2.25 per diluted share), compared to $80.9 million ($2.21 per diluted share) year-over-year. Non-GAAP net income was $91.2 million ($2.52 per diluted share), up from $87.7 million ($2.39 per diluted share). For Q4 FY2025, Fabrinet projects revenue between $860-900 million and non-GAAP EPS of $2.55-2.70.
Innoviz Technologies (NASDAQ: INVZ) has announced a strategic partnership with Fabrinet (NYSE: FN) for manufacturing the InnovizTwo LiDAR platform. The partnership covers both InnovizTwo Long-Range and Short- to Mid-Range LiDAR solutions.
Fabrinet's facility has successfully passed rigorous audits by several global leading automotive OEMs under the German automotive VDA 6.3 standard. The collaboration aims to enable Innoviz to scale production efficiently and cost-effectively while maintaining automotive-grade standards.
Under the agreement, Fabrinet will provide end-to-end manufacturing services, leveraging their global manufacturing footprint across the United States and Asia. This partnership allows Innoviz to focus on designing cutting-edge LiDAR technology while benefiting from Fabrinet's manufacturing expertise to deliver high-performance products in volume at competitive price points.
Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision manufacturing services, has scheduled its third quarter fiscal year 2025 financial results announcement for May 5, 2025, after market close. The quarter ended on March 28, 2025. Management will host a conference call and webcast at 5:00 p.m. EDT to discuss the company's performance.
The webcast will be accessible through Fabrinet's investor relations website, with a recorded version available approximately two hours after the call. The recording will remain archived on the company's website for one year.
Fabrinet (NYSE: FN) has released its 2024 Corporate Responsibility Report, highlighting the company's sustainability and operational achievements for the fiscal year ended June 28, 2024. The report showcases initiatives across multiple areas including environmental stewardship, talent development, and business resilience.
Key accomplishments include the implementation of 206 lean manufacturing projects for improved sustainability and cost reduction, expansion of the Temporary Technician Academy with a 100% hiring rate for graduates, and the launch of employee development programs like 'English for Work' with over 60 participants. The company, which employs more than 14,000 people, strengthened its cybersecurity protocols and obtained ISO 22301 certification for business continuity.
Environmental initiatives included expanded waste recycling donations to local NGOs, while community engagement efforts continued through partnerships with organizations like Maharaj Home for Boys and the Prosthesis Foundation. The company's efforts were recognized with Thailand's CSR-DIW Continuous Award and Labor Management Excellence Award.
Fabrinet (NYSE: FN) reported strong Q2 FY2025 financial results, exceeding guidance for both revenue and earnings. Revenue reached $833.6 million, up from $712.7 million in Q2 FY2024. GAAP net income rose to $86.6 million ($2.38 per diluted share), compared to $69.1 million ($1.89 per diluted share) year-over-year.
The company experienced robust telecom performance, driven by increasing demand for datacenter interconnect products and early progress from recent systems wins. While datacom demand slightly moderated near-term, management expects more rapid growth as next-generation products ramp production.
The Board approved an additional $100 million share repurchase authorization, bringing the total program to $534.3 million. For Q3 FY2025, Fabrinet projects revenue between $850-870 million and non-GAAP EPS of $2.55-$2.63.
Fabrinet (NYSE: FN), a provider of advanced optical packaging and precision manufacturing services, has scheduled the release of its second quarter fiscal year 2025 financial results for Monday, February 3, 2025, after market close. The quarter ended on December 27, 2024. Management will host a conference call and webcast at 5:00 p.m. EST on the same day to discuss the results. The webcast will be accessible through Fabrinet's investor relations website and will remain archived for one year.
Fabrinet (NYSE: FN) reported strong fiscal Q1 2025 results with record revenue of $804.2 million, up 17% year-over-year from $685.5 million. The company saw revenue growth across all product areas, including telecom. GAAP net income reached $77.4 million ($2.13 per diluted share), compared to $65.1 million ($1.78 per share) in Q1 2024. Non-GAAP net income was $86.9 million ($2.39 per diluted share) versus $72.8 million ($2.00 per share) last year. For Q2 2025, Fabrinet expects revenue between $800-820 million and non-GAAP EPS of $2.44-$2.52.
Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision manufacturing services, has announced it will release its first quarter fiscal year 2025 financial results on November 4, 2024, after market close. The company will hold a conference call and webcast at 5:00 p.m. EST on the same day to discuss the results.
The financial results will cover the period ended September 27, 2024. Investors and interested parties can access the live call and replay through the company's investor relations website. A recorded version of the webcast will be available approximately two hours after the call and will be archived on Fabrinet's website for one year.
S&P Dow Jones Indices will implement index changes effective prior to trading on September 23, 2024 as part of its quarterly rebalance. Palantir (PLTR), Dell (DELL) and Erie Indemnity (ERIE) join the S&P 500; multiple companies move among the S&P 500, MidCap 400 and SmallCap 600.
The table lists additions and deletions by index and GICS sector, including Fabrinet (FN) moving into the S&P MidCap 400 and being removed from the S&P SmallCap 600.