Fabrinet Q3 2020 Earnings Report
Key Takeaways
Fabrinet reported revenue of $411.2 million and GAAP net income of $28.3 million for the third quarter of fiscal year 2020. The company demonstrated flexibility in a changing business environment and maintained operational safety.
Revenue for the third quarter of fiscal year 2020 was $411.2 million, compared to $399.0 million for the comparable period in fiscal year 2019.
GAAP net income for the third quarter of fiscal year 2020 was $28.3 million, compared to $28.6 million for the third quarter of fiscal year 2019.
Non-GAAP net income for the third quarter of fiscal year 2020 was $34.8 million, compared to $34.3 million for the third quarter of fiscal year 2019.
Fabrinet is issuing guidance for its fourth fiscal quarter of 2020, expecting revenue to be in the range of $370.0 million to $400.0 million.
Fabrinet
Fabrinet
Forward Guidance
For the fourth fiscal quarter of 2020, Fabrinet expects revenue to be in the range of $370.0 million to $400.0 million, GAAP net income per diluted share to be in the range of $0.64 to $0.76, and non-GAAP net income per diluted share to be in the range of $0.80 to $0.92.