NYSE$FN
Fabrinet · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Delivered strong revenue that exceeded guidance and executed well to produce robust margins, particularly for a first quarter.
Fabrinet announced its financial results for the first quarter of fiscal year 2023 ended September 30, 2022. Revenue for the first quarter of fiscal year 2023 was $655.4 million, compared to $543.3 million for the first quarter of fiscal year 2022. GAAP net income for the first quarter of fiscal year 2023 was $64.6 million, compared to $44.7 million for the first quarter of fiscal year 2022.
- Record First Quarter Revenue of $655.4 Million Exceeded Guidance
- Record GAAP and Non-GAAP Net Income per Share Exceeds Guidance
- Delivered strong revenue that exceeded guidance
- Executed well to produce robust margins
Headline financials
Revenue & EPS history
Fabrinet · Revenue · Quarterly
$655M
Forward guidance
Fabrinet expects second 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 $1.67 to $1.74, based on approximately 37.6 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 37.6 million fully diluted shares outstanding.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+2.5%
Avg return
Earnings day
+3.8%
Avg return
5 days after
+4.5%
Avg return
30 days after
54%
34 / 63 earnings
Positive
+34.4%
Q1 2013
Best reaction
-18.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -5.8% | -13.3% | -0.3% | |
| Q2 2026 | -10.3% | +0.9% | +9.0% | |
| Q1 2026 | +3.9% | +1.4% | +6.5% | |
| Q3 2025 | -7.0% | -8.3% | +7.4% | |
| Q2 2025 | -8.2% | -6.0% | -18.6% | |
| Q1 2025 | -5.1% | +11.8% | -0.3% | |
| Q4 2024 | +16.0% | +15.7% | -0.9% | |
| Q3 2024 | +16.8% | +24.3% | +35.4% | |
| Q2 2024 | -18.4% | -8.5% | +0.6% | |
| Q1 2024 | +5.5% | +3.2% | +0.0% | |
| Q4 2023 | +30.4% | +33.0% | +30.5% | |
| Q3 2023 | -0.5% | -1.3% | +20.8% | |
| Q2 2023 | -8.4% | -7.7% | -8.8% | |
| Q1 2023 | +8.6% | +12.6% | +13.9% | |
| Q4 2022 | +15.0% | +12.8% | +2.1% | |
| Q3 2022 | -4.6% | -9.0% | -12.1% | |
| Q2 2022 | -7.1% | -8.8% | -8.3% | |
| Q1 2022 | +15.8% | +25.4% | +19.1% | |
| Q4 2021 | +6.4% | +14.7% | +17.9% | |
| Q3 2021 | -0.8% | -0.4% | +6.1% | |
| Q2 2021 | +6.1% | +13.1% | +10.7% | |
| Q1 2021 | +6.1% | +10.8% | +15.5% | |
| Q4 2020 | -0.5% | -5.4% | -14.9% | |
| Q3 2020 | -2.7% | +2.9% | +11.4% | |
| Q2 2020 | +7.4% | +2.3% | -5.8% | |
| Q1 2020 | -1.5% | +0.6% | +1.8% | |
| Q4 2019 | -16.4% | -14.4% | -2.0% | |
| Q3 2019 | -3.7% | -5.2% | -27.9% | |
| Q2 2019 | -8.6% | -9.9% | -4.3% | |
| Q1 2019 | +7.4% | +9.9% | +12.1% | |
| Q4 2018 | +7.1% | +9.6% | +3.7% | |
| Q3 2018 | +9.4% | +9.4% | +13.1% | |
| Q2 2018 | +20.0% | +18.1% | +29.5% | |
| Q1 2018 | -10.4% | -3.5% | -4.6% | |
| Q4 2017 | -7.8% | -3.9% | -8.2% | |
| Q3 2017 | +12.3% | +8.3% | +17.5% | |
| Q2 2017 | +1.6% | +6.1% | -2.7% | |
| Q1 2017 | +7.6% | +8.9% | +8.1% | |
| Q4 2016 | -2.0% | -1.5% | +1.9% | |
| Q3 2016 | +12.6% | — | — | |
| Q2 2016 | +12.5% | — | — | |
| Q1 2016 | +9.5% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | +3.1% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | +9.1% | — | — | |
| Q3 2014 | -13.0% | — | — | |
| Q2 2014 | -8.0% | — | — | |
| Q1 2014 | +13.8% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q3 2013 | +1.7% | — | — | |
| Q2 2013 | +10.3% | — | — | |
| Q1 2013 | +34.4% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q3 2011 | -6.9% | — | — | |
| Q3 2012 | -8.2% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q2 2012 | +5.0% | — | — | |
| Q4 2011 | -1.5% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q3 2010 | — | — | — |
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