Welcome to our dedicated page for Fabrinet news (Ticker: FN), a resource for investors and traders seeking the latest updates and insights on Fabrinet stock.
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.
Fabrinet (NYSE: FN) announced it will release its second quarter fiscal year 2023 financial results for the period ended December 30, 2022, on February 6, 2023, after market close. Following the release, management will conduct a conference call and webcast at 5:00 p.m. ET to review the results. Fabrinet provides optical packaging and manufacturing services for complex products, serving various sectors including telecommunications and medical devices. The recorded version of the webcast will be accessible two hours post-call and archived for one year.
EFFECT Photonics has chosen Fabrinet (NYSE: FN) as its manufacturing partner for integrated optical sub-assemblies. Fabrinet will handle sourcing, procurement, assembly, testing, and calibration, leveraging its expertise in optical and electronic manufacturing. This partnership aims to enhance supply reliability and efficiency for EFFECT Photonics amid rising demand for optical bandwidth due to cloud applications and 5G technology. The collaboration is expected to facilitate high-volume production and meet evolving market needs.
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