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Dec 24, 2021
Fabrinet Q2 2022 Earnings Report
Reported record revenue and exceeded guidance.
Key Takeaways
Fabrinet announced financial results for the second quarter of fiscal year 2022, with revenue reaching $566.6 million, exceeding guidance. GAAP net income was $48.9 million, or $1.30 per diluted share, while non-GAAP net income was $56.2 million, or $1.50 per diluted share, also exceeding guidance.
Second quarter revenue reached a record $566.6 million, surpassing expectations.
GAAP net income for the quarter was $48.9 million, or $1.30 per diluted share.
Non-GAAP net income for the quarter was $56.2 million, or $1.50 per diluted share.
The company issued guidance for the third fiscal quarter, expecting revenue between $560 million and $580 million.
Forward Guidance
For the third fiscal quarter ending March 25, 2022, Fabrinet expects revenue to be in the range of $560 million to $580 million. GAAP net income per diluted share is expected to be in the range of $1.30 to $1.37, and non-GAAP net income per diluted share is expected to be in the range of $1.48 to $1.55.
Positive Outlook
- Revenue to be in the range of $560 million to $580 million.
- GAAP net income per diluted share is expected to be in the range of $1.30 to $1.37.
- 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 $1.48 to $1.55.
- Based on approximately 37.6 million fully diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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