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Dec 25, 2020
Fabrinet Q2 2021 Earnings Report
Achieved record revenue and profitability, exceeding guidance ranges.
Key Takeaways
Fabrinet announced record second quarter revenue of $453.8 million, exceeding guidance. GAAP net income was $35.4 million, or $0.94 per diluted share, while non-GAAP net income was $41.5 million, or $1.10 per diluted share. The company is optimistic that the third quarter will represent another record-breaking quarter.
Delivered record revenue and profitability that exceeded guidance ranges.
Newer programs helped drive revenue upside.
Margin improvement contributed to strong profitability.
Broke ground on construction for an additional building at Chonburi campus.
Forward Guidance
Fabrinet expects third quarter revenue to be in the range of $455 million to $475 million. GAAP net income per diluted share is expected to be in the range of $0.94 to $1.01, and non-GAAP net income per diluted share is expected to be in the range of $1.10 to $1.17.
Positive Outlook
- Revenue to be in the range of $455 million to $475 million.
- GAAP net income per diluted share is expected to be in the range of $0.94 to $1.01.
- Non-GAAP net income per diluted share is expected to be in the range of $1.10 to $1.17.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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