Summary by Moomoo AI
Fabrinet announced record first quarter fiscal 2025 results, with revenue of $804.2 million, up 17% year-over-year and exceeding guidance. GAAP net income was $77.4 million or $2.13 per diluted share, while non-GAAP net income reached $86.9 million or $2.39 per diluted share.The company saw revenue growth across all product areas, including its first telecom revenue growth in several quarters. Strong margins coupled with revenue performance helped produce earnings at the upper end of guidance. CEO Seamus Grady expressed optimism about continued business momentum and market leadership expansion.For Q2 fiscal 2025, Fabrinet expects revenue of $800-$820 million and non-GAAP EPS of $2.44-$2.52. The company maintains a positive outlook, citing strong business drivers and execution capabilities.
