Fabrinet Q2 2022 Earnings Report
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.
Fabrinet
Fabrinet
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.