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Sep 30, 2022
Fabrinet Q1 2023 Earnings Report
Delivered strong revenue that exceeded guidance and executed well to produce robust margins, particularly for a first quarter.
Key Takeaways
Fabrinet announced its financial results for the first quarter of fiscal year 2023 ended September 30, 2022. Revenue for the first quarter of fiscal year 2023 was $655.4 million, compared to $543.3 million for the first quarter of fiscal year 2022. GAAP net income for the first quarter of fiscal year 2023 was $64.6 million, compared to $44.7 million for the first quarter of fiscal year 2022.
Record First Quarter Revenue of $655.4 Million Exceeded Guidance
Record GAAP and Non-GAAP Net Income per Share Exceeds Guidance
Delivered strong revenue that exceeded guidance
Executed well to produce robust margins
Fabrinet
Fabrinet
Forward Guidance
Fabrinet expects second quarter revenue to be in the range of $640 million to $660 million. GAAP net income per diluted share is expected to be in the range of $1.67 to $1.74, based on approximately 37.6 million fully diluted shares outstanding. Non-GAAP net income per diluted share is expected to be in the range of $1.86 to $1.93, based on approximately 37.6 million fully diluted shares outstanding.