Fabrinet Q1 FY2024 revenue $685.5M, GAAP EPS $1.78, both above guidance

Fabrinet

2024-Q1 EPS reported $1.78 revenue$685,477,000

Revenue of $685.5M, up from $655.4M YoY; Q1 net income $65.1M ($1.78 diluted EPS).
Non-GAAP net income $72.8M ($2.00 diluted EPS), above prior guidance range.
Q2 FY2024 guidance: revenue $680-700M, GAAP EPS $1.78-1.85, Non-GAAP $1.98-2.05.
CEO cites new programs offsetting inventory adjustments; record quarterly revenue and EPS.

item 2.02 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 first fiscal quarter ended September 29, 2023 results: revenue $685.5 million, net income GAAP net income for the first quarter of fiscal year 2024 was $65.1 million, EPS GAAP net income per diluted share for the first quarter of fiscal year 2024 was $1.78.

Period: first fiscal quarter ended September 29, 2023
Revenue: $685.5 million
Net income: GAAP net income for the first quarter of fiscal year 2024 was $65.1 million
EPS: GAAP net income per diluted share for the first quarter of fiscal year 2024 was $1.78
Result: reported results

Exact text from the filing

as reflected in our guidance.” First Quarter Fiscal Year 2024 Financial Highlights GAAP Results • Revenue for the first quarter of fiscal year 2024, a thirteen-week quarter, was $685.5 million, compared to $655.4 million for the first quarter of fiscal year 2023, a fourteen-week quarter. • GAAP net income for the first quarter of fiscal year 2024 was $65.1 million,

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Source: SEC EDGAR

accession 0001408710-23-000034

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