Fabrinet Q2 FY2024: record revenue $712.7M, EPS $1.89; guides Q3 above expectations

Fabrinet

2024-Q2 EPS reported $3.67 revenue$1,398,171,000

Revenue $712.7M up 6.6% YoY; GAAP net income $69.1M up 9.3%.
GAAP EPS $1.89 vs $1.71 YoY; Non-GAAP EPS $2.08 vs $1.90.
CEO cites strong datacom growth; telecom adjustment moderating less than expected.
Q3 guidance: revenue $705-725M; GAAP EPS $1.89-1.96; Non-GAAP EPS $2.08-2.15.
Record revenue and net income per share; exceeded guidance ranges.

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 0.95

Fabrinet reported its second fiscal quarter ended December 29, 2023 results: revenue $712.7 million, net income $69.1 million, EPS $1.89. Guidance initiated.

Period: its second fiscal quarter ended December 29, 2023
Revenue: $712.7 million
Net income: $69.1 million
EPS: $1.89
Guidance: initiated
Result: reported results

Exact text from the filing

record of strong execution into the third quarter.” Second Quarter Fiscal Year 2024 Financial Highlights GAAP Results • Revenue for the second quarter of fiscal year 2024 was $712.7 million, compared to $668.7 million for the second quarter of fiscal year 2023. • GAAP net income for the second quarter of fiscal year 2024 was $69.1 million, compared to $63.2 million

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Source: SEC EDGAR

accession 0001408710-24-000007

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