Q2 2025 Fabrinet Earnings Call Transcript
Key Points
- Fabrinet (FN) reported record revenue of $834 million for Q2 2025, a 17% increase year-over-year and 4% sequential growth.
- The company achieved a record non-GAAP earnings per share of $2.61, exceeding expectations.
- Telecom revenue increased by 24% year-over-year and 17% sequentially, driven by demand for data center interconnect products.
- Automotive revenue grew by 32% year-over-year, indicating strong performance in non-optical communications.
- Fabrinet (FN) announced the construction of a new 2 million square foot facility to support future growth, reflecting confidence in long-term demand.
- Datacom revenue experienced a 9% sequential decline due to a major customer transitioning to next-generation products.
- Gross margin decreased slightly to 12.4% from 12.7% in the previous quarter, impacted by foreign exchange headwinds.
- The company anticipates a slight decrease in datacom revenue in Q3 due to ongoing product transitions.
- Fabrinet (FN) expects continued foreign exchange pressure on gross margins in the third quarter.
- The ramp-up of next-generation 1.6 terabit products is dependent on customer launch timing, creating uncertainty in datacom growth.
Good afternoon. Welcome to Fabrinet's Financial results conference call for the second quarter of fiscal year 2025. (Operator Instructions).
As a reminder, today's call is being recorded. I would now like to turn the call over to your host, Garo Toomajanian, Vice President of Investor Relations.
Thank you, operator, and good afternoon, everyone. Thank you for joining us on today's conference call to discuss Fabrinet's financial and operating results for the second quarter of fiscal year 2025, which ended December 27, 2024.
With me on the call today are Seamus Grady, Chief Executive Officer; and Csaba Sverha, Chief Financial Officer. This call is being webcast, and a replay will be available on the Investors section of our website located at investor.fabrinet.com.
During this call, we will present both GAAP and non-GAAP financial measures. Please refer to the Investors section of our website for important information, including our earnings press release and investor presentation, which
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
