8-K
filed February 6, 2023, 6:59 PM ET
ticker FN
CIK 0001408710
earnings
confidence high
sentiment positive
materiality 0.70
Fabrinet Q2 FY2023 revenue $668.7M beats guidance; record operating margins
Fabrinet
2023-Q2 EPS reported
$3.47
revenue$1,324,085,000
- Revenue $668.7M, up 18% YoY from $566.6M; exceeds guidance range.
- GAAP diluted EPS $1.71 (vs $1.30 YoY); non-GAAP diluted EPS $1.90 (vs $1.50).
- Record GAAP and non-GAAP operating margins driven by strong execution.
- Q3 FY2023 guidance: revenue $640M-$660M; GAAP EPS $1.59-$1.66; non-GAAP EPS $1.86-$1.93.
- CEO cites improving component availability for some products but tightening for others.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fabrinet updated its its third fiscal quarter ending March 31, 2023 guidance (initiated).
- Period
- its third fiscal quarter ending March 31, 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Fabrinet expects third quarter revenue to be in the range of $640 million to $660 million. • GAAP net income per diluted share is expected to be in the range of $1.59 to $1.66, based on approximately 37.0 million fully diluted shares outstanding. • Non-GAAP net income per diluted share is expected to be in the range of $1.86 to $1.93, based on approximately 37.0 million fully diluted shares outstanding.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fabrinet reported its fiscal quarter ended December 30, 2022 results: revenue $668.7 million, net income $63.2 million, EPS $1.71.
- Period
- its fiscal quarter ended December 30, 2022
- Revenue
- $668.7 million
- Net income
- $63.2 million
- EPS
- $1.71
- Result
- reported results
Exact text from the filing
Revenue for the second quarter of fiscal year 2023 was $668.7 million, compared to $566.6 million for the second quarter of fiscal year 2022. • GAAP net income for the second quarter of fiscal year 2023 was $63.2 million, compared to $48.9 million for the second quarter of fiscal year 2022. • GAAP net income per diluted share for the second quarter of fiscal year 2023 was $1.71, compared to $1.30 for the second quarter of fiscal year 2022.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.