secwatch.observer — SEC 8-K summary
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Issuer:     Fabrinet (FN)
CIK:        0001408710
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001408710-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408710/000140871023000026/0001408710-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408710/000140871023000026/fn-20230815.htm
  HTML page:      https://secwatch.observer/filing/0001408710-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer