The following is a summary of the Fabrinet (FN) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Fabrinet reported Q4 revenue of $753 million, a 15% increase from the previous year, and non-GAAP EPS of $2.41, exceeding guidance.

• Full fiscal year revenue reached $2.9 billion, a 9% increase year-over-year, with non-GAAP earnings growing 16% to $8.88 per share.

• Gross margin for Q4 stood at 12.5%, with operating margin at 10.7%, reflecting consistent profitability.

Business Progress:

• Marked the fourth consecutive quarter of record revenue and EPS, driven by 120% growth in Datacom revenue, offsetting telecom declines. Notable expansions include the breaking ground on Building 10, a 2-million-square-foot facility, for $110 million to enhance production capacity.

Opportunities:

• Strong growth prospects in datacom, propelled by 800 gig products for AI and related applications, with anticipation of continued revenue growth in both datacom and telecom sectors.

• Expansion into new datacom technologies and telecom system wins indicate favorable long-term revenue trends.

Risks:

• The telecom sector saw over a 20% decline due to protracted inventory adjustments, although inventory digestion is showing signs of stabilization.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.