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Mar 26, 2021
Fabrinet Q3 2021 Earnings Report
Achieved record revenue exceeding guidance, driven by growth across all tracked end markets and improved operating margins.
Key Takeaways
Fabrinet announced record third quarter revenue of $479.3 million, exceeding guidance, with sequential revenue growth from all end markets and improved operating margins leading to record net income. The company expects another record performance in the fourth quarter.
Delivered record revenue for the third consecutive quarter, surpassing guidance.
Saw sequential revenue growth from all tracked end markets.
Improved operating margins, contributing to record net income.
Anticipates another record performance in the fourth quarter based on current outlook and demand.
Fabrinet
Fabrinet
Forward Guidance
Fabrinet expects revenue in the range of $475 million to $495 million. GAAP net income per diluted share is expected to be in the range of $1.02 to $1.09, and non-GAAP net income per diluted share is expected to be in the range of $1.18 to $1.25.
Positive Outlook
- Revenue to be in the range of $475 million to $495 million
- GAAP net income per diluted share expected to be in the range of $1.02 to $1.09
- Based on approximately 37.6 million fully diluted shares outstanding
- Non-GAAP net income per diluted share expected to be in the range of $1.18 to $1.25
- Based on approximately 37.6 million fully diluted shares outstanding