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.
Fabrinet (NYSE: FN) has announced its participation in the 16th Annual Needham Security, Networking, and Communications Virtual Conference, scheduled for November 15, 2022, at 11:45 a.m. ET (8:45 a.m. PT). A live webcast and replay will be available at Fabrinet's investor page.
Fabrinet is recognized for its advanced optical packaging and precision manufacturing services, catering to OEMs of complex products including optical communication components and medical devices.
Fabrinet (NYSE: FN) reported record revenue of $655.4 million for the first quarter of fiscal year 2023, exceeding guidance and up from $543.3 million in the previous year. Net income rose to $64.6 million from $44.7 million, with GAAP net income per share increasing to $1.76. Non-GAAP results showed net income of $72.4 million, yielding a non-GAAP net income per share of $1.97. Looking ahead, the company anticipates second quarter revenue between $640 million and $660 million.
Fabrinet (NYSE: FN) will release its first quarter fiscal year 2023 financial results for the period ending September 30, 2022, after market close on November 7, 2022. A conference call will be held at 5:00 p.m. ET to discuss the results. Fabrinet specializes in advanced optical packaging and precision manufacturing services for complex products, serving various sectors such as optical communications, automotive, and medical devices. Investors can access the recorded conference call on the company's website.
Fabrinet (NYSE: FN) reported a record fourth quarter revenue of $587.9 million and a fiscal year 2022 revenue of $2.26 billion. The GAAP net income for Q4 was $56.2 million, translating to $1.51 per share, exceeding guidance. For the fiscal year, GAAP net income reached $200.4 million, or $5.36 per share, up from $148.3 million in 2021. The company expanded its share repurchase program by $78.7 million, totaling $247.2 million. Guidance for Q1 FY2023 anticipates revenue between $620 million and $640 million.
Fabrinet (NYSE: FN) announced it will release its fourth quarter and fiscal-year 2022 financial results after market close on August 15, 2022. The results will cover the period ending June 24, 2022. Following the release, management will hold a conference call and webcast at 5:00 p.m. ET to discuss the findings. A recorded version of the webcast will be accessible about two hours after the call and archived for one year on the company’s website.
Cepton, a leader in lidar solutions, has partnered with Fabrinet for the production of its Vista-X90 lidar, which is set to support the industry’s largest ADAS lidar series production program. This collaboration leverages Fabrinet's expertise in advanced optical manufacturing, crucial for scaling up production. Cepton aims to make lidar an essential part of consumer vehicles while enhancing its manufacturing capabilities at Fabrinet’s certified facility in Thailand. The Vista-X90 incorporates patented MMT technology for efficient long-range imaging.
Fabrinet (NYSE: FN) reported robust third quarter results for fiscal year 2022, achieving revenues of $564.4 million, a significant rise from $479.3 million in the previous year. GAAP net income reached $50.7 million, up from $37.5 million, with GAAP net income per share increasing to $1.35. Non-GAAP results also showed strong performance, with non-GAAP net income at $56.2 million and non-GAAP EPS at $1.50. The company forecasts fourth quarter revenue between $570 million and $590 million, indicating continued growth momentum amid supply chain challenges.
Fabrinet (NYSE: FN) will release its third quarter 2022 financial results on May 2, 2022, after market close. A conference call and webcast will be held at 5:00 p.m. ET for management to discuss the results. Investors can access the live call at (888) 357-3694 domestically and (253) 237-1137 internationally, using conference ID 8682742. A replay of the call will be available shortly after the event. Fabrinet specializes in advanced optical packaging and precision manufacturing services across various sectors, including optical communications and medical devices.
Fabrinet (NYSE: FN) reported second quarter fiscal 2022 revenue of $566.6 million, exceeding guidance and up from $453.8 million year-over-year. GAAP net income reached $48.9 million ($1.30 per share), compared to $35.4 million ($0.94 per share) in the same period last year. Non-GAAP net income was $56.2 million ($1.50 per share), up from $41.5 million ($1.10 per share). For the third quarter, Fabrinet anticipates revenue between $560 million to $580 million, with GAAP EPS guidance of $1.30 to $1.37.
Fabrinet (NYSE: FN) has appointed Darlene Knight to its Board of Directors and as a member of the Audit Committee. Knight brings extensive experience in multinational manufacturing, notably in the automotive sector with Adient and Johnson Controls. Her leadership is expected to enhance Fabrinet's strategic direction. Knight aims to contribute to the company’s advancements, leveraging her background from roles at General Motors and other leading firms in the manufacturing industry.