Fabrinet beats Q4 guidance; FY2023 record revenue $2.65B; expands buyback

Fabrinet

2023-FY EPS reported $6.73 revenue$2,645,237,000

Q4 FY2023 revenue $655.9M, up 11.6% YoY; GAAP EPS $1.65, non-GAAP EPS $1.86, above guidance.
FY2023 revenue $2.65B (record), GAAP net income $247.9M; non-GAAP EPS $7.67, up 25% YoY.
Datacom revenue driven by new AI products; offset customer inventory adjustments.
Q1 FY2024 guidance: rev $650-670M, non-GAAP EPS $1.83-1.90, extending growth trajectory.
Board expands repurchase program by $47.6M to $294.8M total authorization; $100M remaining.

item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Fabrinet reported fourth quarter and fiscal year ended June 30, 2023 results: revenue $655.9 million, net income $60.8 million, EPS $1.65.

Period: fourth quarter and fiscal year ended June 30, 2023
Revenue: $655.9 million
Net income: $60.8 million
EPS: $1.65
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of fiscal year 2023 was $655.9 million, compared to $587.9 million for the fourth quarter of fiscal year 2022. • GAAP net income for the fourth quarter of fiscal year 2023 was $60.8 million, compared to $56.2 million for the fourth quarter of fiscal year 2022. • GAAP net income per diluted share for the fourth quarter of fiscal year 2023 was $1.65, compared to $1.51 for the fourth quarter of fiscal year 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Fabrinet reported fiscal year ended June 30, 2023 results: revenue $2.65 billion, net income $247.9 million, EPS $6.73.

Period: fiscal year ended June 30, 2023
Revenue: $2.65 billion
Net income: $247.9 million
EPS: $6.73
Result: reported results

Exact text from the filing

Revenue for fiscal year 2023 was $2.65 billion, compared to $2.26 billion for fiscal year 2022. • GAAP net income for fiscal year 2023 was $247.9 million, compared to $200.4 million for fiscal year 2022. • GAAP net income per diluted share for fiscal year 2023 was $6.73, compared to $5.36 for fiscal year 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Fabrinet reported first fiscal quarter ending September 29, 2023 results: revenue $650 million to $670 million, EPS $1.60 to $1.67. Guidance initiated.

Period: first fiscal quarter ending September 29, 2023
Revenue: $650 million to $670 million
EPS: $1.60 to $1.67
Guidance: initiated
Result: guidance update

Exact text from the filing

Fabrinet expects first quarter revenue to be in the range of $650 million to $670 million. • GAAP net income per diluted share is expected to be in the range of $1.60 to $1.67, based on approximately 36.5 million fully diluted shares outstanding.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Fabrinet filing history →

Source: SEC EDGAR

accession 0001408710-23-000026

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.