NYSE$FN

Fabrinet · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Fabrinet's first quarter of fiscal year 2025 resulted in record revenue, exceeding the guidance range, with growth observed across all product areas and strong margins contributing to earnings per share at the upper end of the guidance.

Fabrinet reported record revenue of $804 million for the first quarter of fiscal year 2025, a 17% increase year-over-year. GAAP net income was $77.4 million, or $2.13 per diluted share, while non-GAAP net income was $86.9 million, or $2.39 per diluted share.

  • Record revenue of $804 million, a 17% increase year-over-year.
  • Revenue growth seen in every product area, including telecom.
  • GAAP net income was $77.4 million, or $2.13 per diluted share.
  • Non-GAAP net income was $86.9 million, or $2.39 per diluted share.

Headline financials

Total Revenue

$804M

Previous: $685M+17.3%
EPS

$2.13

Previous: $2.00+6.5%
Gross Margin

12.3%

No prior period
Operating Margin

9.6%

No prior period
Capital Expenditures

-$20.3M

Previous: -$11.4M-77.1%
Free Cash Flow

$57.1M

Previous: $53.7M+6.5%
Net Income

$77.4M

Previous: $65.1M+18.9%
Operating Income

$76.9M

Previous: $64M+20.3%
Gross Profit

$99M

Previous: $84.4M+17.3%
Stock-Based Comp

$8.68M

Previous: $7.73M+12.3%

Revenue & EPS history

Fabrinet · Revenue · Quarterly

$804M

Q1 2025+17.3%vs Q1 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

For the second quarter ending December 27, 2024, Fabrinet expects revenue to be in the range of $800 million to $820 million. GAAP net income per diluted share is expected to be in the range of $2.20 to $2.28, and non-GAAP net income per diluted share is expected to be in the range of $2.44 to $2.52.

Tailwinds

  • Revenue to be in the range of $800 million to $820 million.
  • GAAP net income per diluted share is expected to be in the range of $2.20 to $2.28.
  • Based on approximately 36.4 million fully diluted shares outstanding.
  • Non-GAAP net income per diluted share is expected to be in the range of $2.44 to $2.52.
  • Excludes share-based compensation expenses and certain non-recurring items.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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