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.
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Fabrinet (NYSE: FN) announced it will release its third quarter fiscal year 2023 financial results after market close on May 8, 2023. The results will cover the period ended March 31, 2023. A conference call and webcast are scheduled for 5:00 p.m. ET the same day to discuss the results. Fabrinet specializes in advanced optical packaging and precision manufacturing services for complex products, catering to various sectors including telecommunications, automotive, and medical devices. The company maintains facilities in Thailand, the USA, China, and Israel, enhancing its capabilities in high-complexity production.
Fabrinet (NYSE: FN) reported record revenues of $668.7 million for Q2 FY2023, exceeding guidance and up from $566.6 million year-over-year. GAAP net income reached $63.2 million ($1.71 per diluted share) versus $48.9 million ($1.30) in Q2 FY2022. Non-GAAP net income was $70.0 million ($1.90 per diluted share), increasing from $56.2 million ($1.50). The company anticipates Q3 revenue between $640 million to $660 million and GAAP net income per diluted share of $1.59 to $1.66. CEO Seamus Grady highlighted robust execution and improving component availability, despite some tightening.