Fabrinet achieved record first quarter fiscal 2025 revenue of $804.2 million, representing a 17% increase from $685.5 million in the same period last year. The company saw revenue growth across all product areas, including its first telecom revenue growth in several quarters. GAAP net income rose to $77.4 million from $65.1 million YoY, with diluted EPS of $2.13 compared to $1.78.Strong margins and revenue performance helped drive non-GAAP net income to $86.9 million, up from $72.8 million YoY, with non-GAAP diluted EPS of $2.39 versus $2.00. The company maintained solid operational execution with a gross margin of 12.3% and operating margin of 9.6%.Looking ahead, Fabrinet provided optimistic guidance for Q2 fiscal 2025, projecting revenue between $800-820 million and GAAP diluted EPS of $2.20-2.28. Non-GAAP diluted EPS is expected to range from $2.44 to $2.52, based on approximately 36.4 million shares outstanding.

Fabrinet achieved record first quarter fiscal 2025 revenue of $804.2 million, representing a 17% increase from $685.5 million in the same period last year. The company saw revenue growth across all product areas, including its first telecom revenue growth in several quarters. GAAP net income rose to $77.4 million from $65.1 million YoY, with diluted EPS of $2.13 compared to $1.78.Strong margins and revenue performance helped drive non-GAAP net income to $86.9 million, up from $72.8 million YoY, with non-GAAP diluted EPS of $2.39 versus $2.00. The company maintained solid operational execution with a gross margin of 12.3% and operating margin of 9.6%.Looking ahead, Fabrinet provided optimistic guidance for Q2 fiscal 2025, projecting revenue between $800-820 million and GAAP diluted EPS of $2.20-2.28. Non-GAAP diluted EPS is expected to range from $2.44 to $2.52, based on approximately 36.4 million shares outstanding.