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Sep 25, 2020
Fabrinet Q1 2021 Earnings Report
Fabrinet's first quarter revenue exceeded guidance, with GAAP net income per share increasing 28% year-over-year and non-GAAP net income per share increasing 22% year-over-year.
Key Takeaways
Fabrinet announced record first quarter revenue of $436.6 million, exceeding guidance. GAAP net income per share increased 28% and non-GAAP net income per share increased 22% year-over-year.
First quarter revenue reached a record $436.6 million, surpassing expectations.
GAAP net income per share increased by 28% compared to the previous year.
Non-GAAP net income per share grew by 22% year-over-year.
The company's strategy is proving effective, with new programs offsetting market softness.
Fabrinet
Fabrinet
Forward Guidance
For the second fiscal quarter ending December 25, 2020, Fabrinet expects revenue to be in the range of $420 million to $440 million. GAAP net income per diluted share is expected to be in the range of $0.84 to $0.91, and non-GAAP net income per diluted share is expected to be in the range of $1.00 to $1.07.
Positive Outlook
- Revenue is expected to be between $420 million and $440 million.
- GAAP net income per diluted share is projected to be $0.84 to $0.91.
- Non-GAAP net income per diluted share is anticipated to be $1.00 to $1.07.