NYSE$FN
Fabrinet · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Fabrinet's Q4 2023 revenue and EPS exceeded guidance, driven by strong datacom growth.
Fabrinet reported strong Q4 2023 results, exceeding revenue and EPS guidance. The company saw significant growth in datacom revenue due to new AI products, which offset headwinds from customer inventory adjustments. Fiscal year 2023 was a record year for revenue, profitability, and cash flow.
- Revenue for Q4 2023 was $655.9 million, compared to $587.9 million for Q4 2022.
- GAAP net income for Q4 2023 was $60.8 million, compared to $56.2 million for Q4 2022.
- Non-GAAP net income for Q4 2023 was $68.4 million, compared to $62.6 million for Q4 2022.
- The Board of Directors approved the repurchase of up to an additional $47.6 million of Fabrinet’s ordinary shares.
Headline financials
Revenue & EPS history
Fabrinet · Revenue · Quarterly
$656M
Forward guidance
Fabrinet expects first quarter revenue to be in the range of $650 million to $670 million. GAAP net income per diluted share is expected to be in the range of $1.60 to $1.67, and non-GAAP net income per diluted share is expected to be in the range of $1.83 to $1.90.
Tailwinds
- Revenue to be in the range of $650 million to $670 million.
- GAAP net income per diluted share is expected to be in the range of $1.60 to $1.67.
- Based on approximately 36.5 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $1.83 to $1.90.
- Guidance for non-GAAP net income per diluted share 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 Q4 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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