NYSE$FN
Fabrinet · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Exceeded guidance ranges with record revenue and net income per share.
Fabrinet announced strong second quarter results, exceeding guidance and achieving record levels for revenue and net income per share. Datacom revenue growth was a significant driver of top-line performance, and the company anticipates continued contributions from newer datacom programs. The impact of telecom inventory adjustments is moderating, leading to optimism for diminished effects.
- 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 for the second quarter of fiscal year 2023.
- GAAP net income per diluted share for the second quarter of fiscal year 2024 was $1.89, compared to $1.71 for the second quarter of fiscal year 2023.
- Non-GAAP net income per diluted share for the second quarter of fiscal year 2024 was $2.08, compared to $1.90 for the second quarter of fiscal year 2023.
Headline financials
Revenue & EPS history
Fabrinet · Revenue · Quarterly
$713M
Forward guidance
Fabrinet expects third quarter revenue to be in the range of $705 million to $725 million. GAAP net income per diluted share is expected to be in the range of $1.89 to $1.96, and non-GAAP net income per diluted share is expected to be in the range of $2.08 to $2.15.
Tailwinds
- Revenue to be in the range of $705 million to $725 million.
- GAAP net income per diluted share is expected to be in the range of $1.89 to $1.96.
- Based on approximately 36.6 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $2.08 to $2.15.
- 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 Q2 2024
+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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