Q3 2025 Fabrinet Earnings Call Transcript

May 5, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Fabrinet (FN) reported strong third-quarter revenue of $872 million, exceeding their guidance range.
The company achieved a non-GAAP earnings per share of $2.52, also surpassing expectations.
Telecom revenue grew significantly, up 42% year-over-year and 17% from the previous quarter.
Automotive revenue saw substantial growth, increasing by 76% year-over-year and 24% from Q2.
Fabrinet (FN) announced a new commercial relationship with Amazon Web Services, expected to boost revenue starting in fiscal year 2026.

Negative

Datacom revenue experienced a decline, down 18% year-over-year and 16% from Q2, due to product transitions at a large customer.
Gross margin was impacted by a $4 million contra revenue from the Amazon warrant, reducing it by 40 basis points.
The company anticipates some short-term margin headwinds due to new product ramps and startup costs.
Sequential growth in non-optical communications is expected to moderate, particularly in the automotive segment.
The 1.6T product ramp is still in its early stages, with the bulk of the ramp expected in the future.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FN.N - Fabrinet
Q3 2025 Fabrinet Earnings Call
May 05, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. Welcome to Fabernet's financial results conference call for the 3rd quarter of fiscal year 2025. At this time, all participants are in a listen-only mode.

Later, we will conduct a question and answer session and instructions on how to participate will be provided at that time.

As a reminder, today's call is being recorded.

I would now like to turn the call over to your host Giro Tumidanian, Vice President of Investor Relations.

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Unidentified_2 [2]
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Thank you, operator, and good afternoon, everyone.

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