Fabrinet Q3 2022 Earnings Report
Key Takeaways
Fabrinet announced its Q3 fiscal year 2022 financial results with a solid revenue of $564.4 million and record GAAP and Non-GAAP net income per share.
Revenue for the third quarter of fiscal year 2022 was $564.4 million, compared to $479.3 million in the third quarter of fiscal year 2021.
GAAP net income for the third quarter of fiscal year 2022 was $50.7 million, compared to GAAP net income of $37.5 million for the third quarter of fiscal year 2021.
GAAP net income per diluted share for the third quarter of fiscal year 2022 was $1.35, compared to GAAP net income per diluted share of $1.00 for the third quarter of fiscal year 2021.
Non-GAAP net income per diluted share for the third quarter of fiscal year 2022 was $1.50, compared to non-GAAP net income per diluted share of $1.21 for the third quarter of fiscal year 2021.
Fabrinet
Fabrinet
Forward Guidance
Fabrinet is issuing guidance for its fourth fiscal quarter ending June 24, 2022. Fabrinet expects fourth quarter revenue to be in the range of $570 million to $590 million. GAAP net income per diluted share is expected to be in the range of $1.35 to $1.42. Non-GAAP net income per diluted share is expected to be in the range of $1.52 to $1.59.