Financial Data and Key Metrics Changes - Fourth quarter revenue reached $753 million, exceeding guidance and reflecting a 15% year-over-year increase and a 3% increase from Q3 [4][8] - Full year revenue totaled $2.9 billion, a 9% increase from fiscal year 2023 [4][9] - Non-GAAP EPS for Q4 was $2.41, surpassing guidance, while full year non-GAAP EPS reached a record $8.88, up 16% year-over-year [4][14] Business Line Data and Key Metrics Changes - Optical communications revenue was $596 million in Q4, accounting for 79% of total revenue, with datacom revenue at $350 million, up 63% year-over-year [9][10] - Telecom revenue was $282 million, down approximately 1% from Q3, but the decline was smaller than expected due to growth in data center interconnect products [9][10] - Non-optical communications revenue grew to $157 million, up 2% year-over-year and 12% sequentially, driven by automotive revenue which increased 17% sequentially [11][12] Market Data and Key Metrics Changes - Datacom revenue grew over 120% for the year, while telecom revenue declined more than 20% due to inventory digestion in the telecom industry [4][5] - Revenue from products rated at 800 gig and faster was $259 million, up 54% year-over-year, indicating strong demand trends [10][11] - Six customers are currently utilizing ZR optics for DCI applications, contributing to growth in the telecom segment [31] Company Strategy and Development Direction - The company plans to break ground on Building 10 at its Chonburi campus, a 2 million square foot facility, to enhance manufacturing capacity [7][8] - The decision to expand is based on overall business conviction, not limited to any single segment, with expected revenue capacity from Building 10 estimated at $2.4 billion [22][23] - The company is optimistic about future growth in datacom and is seeing signs of recovery in telecom, with new system program wins expected to contribute to revenue in fiscal 2025 [6][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued revenue growth across all major product categories in Q1 of fiscal 2025, with guidance for revenue between $760 million and $780 million [16][17] - The company anticipates that operational efficiencies will offset temporary downward pressure on margins due to seasonal merit increases [17] - Management noted that while telecom revenue has been soft, there are indications of recovery, and datacom growth appears sustainable [26][29] Other Important Information - The company repurchased approximately 21,000 shares in Q4 at an average price of $170 per share, with a total cash outlay of $3.5 million [15] - The company maintains a strong balance sheet with cash and short-term investments of $859 million, up $65 million from Q3 [14] Q&A Session Summary Question: Timing around 1.6T and demand for 400 gig and 800 gig - Management is working with customers on 1.6T but believes 800 gig will remain relevant for a long time, with strong demand expected [19][20] Question: Conviction for Building 10 expansion - The decision to expand is based on overall business confidence, with significant upside potential and minimal downside risk [22][23] Question: Customer base for 800 gig transceivers - The company is seeing strong demand from NVIDIA and is pursuing additional customers in the datacom space [25][26] Question: Growth of coherent ZR optics - The telecom business is stabilizing, with growth in DCI driven by ZR optics [31][43] Question: Ciena win and its impact - The Ciena win is expected to ramp up in fiscal 2026, with early contributions anticipated in fiscal 2025 [52]

Fabrinet (FN) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.11%. A quarter ago, it was expected that this company that assembles optical, electro-mechanical and electronic devices for other companies would post earnings of $2.12 per share when it actually produced earnings of $2.3 ...

Exhibit 99.1 Fabrinet Announces Fourth Quarter and Fiscal Year 2024 Financial Results • Record Fourth Quarter Revenue and Earnings Per Share Exceed Guidance BANGKOK, Thailand – August 19, 2024 – Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady ...

Record Fourth Quarter Revenue and Earnings Per Share Exceed Guidance BANGKOK, Thailand, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "Our strong fourth quarter r ...

What: Fabrinet Fourth Quarter and Fiscal Year 2024 Financial Results Call When: Monday, August 19, 2024 Time: 5:00 p.m. EDT Live Call & Replay: https://investor.fabrinet.com/events-and-presentations/events A recorded version of this webcast will be available approximately two hours after the call and also accessible at https://investor.fabrinet.com/. The webcast will be archived on Fabrinet's website for a period of one year. SOURCE: Fabrinet BANGKOK, July 29, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a ...

What: Fabrinet Fourth Quarter and Fiscal Year 2024 Financial Results Call When: Monday, August 19, 2024 Time: 5:00 p.m. EDT Live Call & Replay: https://investor.fabrinet.com/events-and-presentations/events Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, i ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Fabrinet (FN) . This company, which is in the Zacks Electronics - Miscellaneous Components industry, shows potential for another earnings beat. This company that assembles optical, electro-mechanical and electronic devices for other companies has seen a nice streak of beating earnings estimates, especially when looking at the ...

For the first quarter of 2024, Eli Lilly reported a remarkable 26% increase in revenue, primarily driven by the successful launch of new products like Mounjaro and Zepbound. Wall Street has been impressed with the pharma company's ability to innovate and effectively bring new products to market. Meanwhile, its gross margin also saw an impressive rise from 78.4% in the first quarter of 2023 to 82.5% in the first quarter of this year. Eli Lilly benefited from higher prices and an improved product mix, undersc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 29, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from__________to__________ Commission File Number: 001-34775 FABRINET Ordinary Shares, $0.01 par value FN New York S ...

Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) 15 fabrinet Disclaimer You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achie ...