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Jun 28, 2024
Fabrinet Q4 2024 Earnings Report
Fabrinet achieved record revenue and EPS, exceeding guidance.
Key Takeaways
Fabrinet reported record fourth-quarter revenue of $753.3 million and GAAP net income per diluted share of $2.22, exceeding guidance. The company remains optimistic about its future and ability to extend its track record of success into fiscal year 2025.
Fabrinet's Q4 revenue was $753.3 million, compared to $655.9 million for the fourth quarter of fiscal year 2023.
GAAP net income for the fourth quarter was $81.1 million, compared to $60.8 million for the fourth quarter of fiscal year 2023.
GAAP net income per diluted share for the fourth quarter was $2.22, compared to $1.65 for the fourth quarter of fiscal year 2023.
Non-GAAP net income per diluted share for the fourth quarter was $2.41, compared to $1.86 for the fourth quarter of fiscal year 2023.
Fabrinet
Fabrinet
Forward Guidance
Fabrinet expects first quarter revenue to be in the range of $760 million to $780 million. GAAP net income per diluted share is expected to be in the range of $2.10 to $2.17, and non-GAAP net income per diluted share is expected to be in the range of $2.33 to $2.40.
Positive Outlook
- Revenue to be in the range of $760 million to $780 million.
- GAAP net income per diluted share is expected to be in the range of $2.10 to $2.17.
- Based on approximately 36.5 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $2.33 to $2.40.
- Guidance excludes share-based compensation expenses and certain non-recurring items.