Fabrinet Q2 2025 Earnings Report
Key Takeaways
Fabrinet reported record second-quarter revenue of $833.6 million and GAAP net income per diluted share of $2.38, both exceeding guidance. The company's telecom performance was strong, driven by datacenter interconnect demand and recent systems wins. While datacom demand moderated slightly, rapid growth is expected as next-generation products ramp up.
Revenue for the second quarter of fiscal year 2025 was $833.6 million, compared to $712.7 million for the second quarter of fiscal year 2024.
GAAP net income for the second quarter of fiscal year 2025 was $86.6 million, compared to $69.1 million for the second quarter of fiscal year 2024.
GAAP net income per diluted share for the second quarter of fiscal year 2025 was $2.38, compared to $1.89 for the second quarter of fiscal year 2024.
The Board of Directors approved an expansion of its share repurchase program, authorizing the repurchase of up to an additional $100.0 million of Fabrinet’s ordinary shares.
Fabrinet
Fabrinet
Forward Guidance
Fabrinet expects third quarter revenue to be in the range of $850 million to $870 million. GAAP net income per diluted share is expected to be in the range of $2.32 to $2.40, and non-GAAP net income per diluted share is expected to be in the range of $2.55 to $2.63.
Positive Outlook
- Revenue to be in the range of $850 million to $870 million.
- GAAP net income per diluted share is expected to be in the range of $2.32 to $2.40.
- Based on approximately 36.3 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $2.55 to $2.63.
- Guidance excludes share-based compensation expenses and certain non-recurring items.