Welcome to our dedicated page for Fabrinet news (Ticker: FN), a resource for investors and traders seeking the latest updates and insights on Fabrinet stock.
Company Overview
Fabrinet (FN) is a distinguished provider of advanced optical packaging and precision manufacturing services, specializing in the development of optical, electro-mechanical, and electronic components. Operating predominantly for top-tier original equipment manufacturers (OEMs), the company serves a wide array of markets including data communications, telecommunications, networking, automotive technologies, and medical devices. Fabrinet marries in-depth engineering expertise with robust manufacturing capabilities to offer a seamless transition from product prototyping to full-scale production.
Core Capabilities
Fabrinet provides an integrated suite of services designed to support complex product development. These include:
- Process Design and Engineering: Crafting innovative manufacturing processes that optimize product quality and efficiency.
- Supply Chain Management: Delivering turnkey solutions that ensure a smooth, cost-effective flow of materials and components.
- Advanced Packaging and Integration: Utilizing cutting-edge techniques in precision packaging to meet rigorous performance standards.
- Testing and Process Development: Implementing thorough testing protocols to guarantee product reliability and performance.
Business Model and Industry Position
At its core, Fabrinet is dedicated to enabling the production of highly engineered components for sophisticated systems. The company operates across multiple regions, ensuring that its revenue streams are diversified geographically. Its business model is built on providing full-cycle support, from initial design and prototyping to final assembly and rigorous testing, making it a trusted partner for OEMs striving for excellence in product quality and innovation.
Operational Excellence and Differentiation
Fabrinet stands out in the competitive landscape due to its comprehensive approach to manufacturing. The company not only offers production capabilities but also supports design for manufacturing and continuous improvement initiatives. This dedication to operational excellence is reflected in the meticulous attention to quality, flexibility in adapting to customer needs, and the ability to integrate complex manufacturing processes seamlessly. By focusing on precision engineering and an expansive service offering, Fabrinet remains a key partner in advancing technology in high-demand sectors.
Industry Expertise and Technological Capabilities
Utilizing sophisticated manufacturing technologies and a highly experienced workforce, Fabrinet delivers products that meet the evolving challenges of modern industries. The company leverages advanced optical and electro-mechanical capabilities to produce components that are vital for high-performance applications, ensuring that they adhere to stringent quality standards and industry-specific regulations. This blend of technological innovation and operational discipline underpins Fabrinet's reputation as a reliable and expert manufacturing partner.
Customer Focus and Global Reach
Fabrinet's commitment to excellence is evident in its long-standing relationships with premier OEMs. With a strong emphasis on customer support and end-to-end service integration, the company provides the necessary expertise and infrastructure to help clients navigate the complexities of product development and production scaling. Its global footprint, spanning key commercial regions in North America, Asia-Pacific, and Europe, positions Fabrinet as a versatile and resilient player in the advanced manufacturing industry.
Conclusion
In summary, Fabrinet offers a deep reservoir of technical know-how and manufacturing excellence, supporting a diverse range of industries through its comprehensive service portfolio. By effectively integrating advanced engineering, state-of-the-art manufacturing processes, and a robust supply chain, the company ensures that its clients achieve superior product performance and reliability in competitive markets.
Aeva, based in Mountain View, California, has partnered with Fabrinet to enhance its mass manufacturing capabilities for the 4D LiDAR chip module. This partnership will leverage Fabrinet's expertise in silicon photonics to produce a compact solution for automotive and industrial applications. The new production line in Thailand is expected to scale up production significantly, meeting the demand for Aeva's third generation of LiDAR technology, which is automotive qualified with IATF 16949 certification.
Fabrinet (NYSE: FN) reported a record first quarter revenue of $543.3 million, exceeding guidance, compared to $436.6 million in the same quarter last year. GAAP net income rose to $44.7 million or $1.20 per diluted share, up from $33.1 million or $0.88 per diluted share in Q1 2021. Non-GAAP net income also increased to $54.2 million or $1.45 per diluted share. The company anticipates second-quarter revenue to be between $540 million and $560 million, with GAAP net income per share expected between $1.24 and $1.31.
Fabrinet (NYSE: FN) has partnered with Phononic to enhance solid-state cooling and heating manufacturing, achieving full customer qualification within a year despite COVID-related challenges. This collaboration increases Phononic's global manufacturing capabilities and supports their growth in critical services like optical communications, cold chain fulfillment, and retail merchandising. The partnership positions Phononic to meet rising demand in APAC, leveraging Fabrinet's advanced manufacturing processes to address global supply chain issues.
Fabrinet (NYSE: FN) will release its first quarter 2022 financial results for the period ending September 24, 2021, after market close on November 1, 2021. A conference call will follow at 5:00 p.m. ET to discuss the results. Fabrinet operates in advanced optical packaging and precision manufacturing, serving original equipment manufacturers across various sectors, including optical communications and medical devices. The company maintains operations in multiple countries, including Thailand and the USA.
Fabrinet (NYSE: FN) has been awarded the Cisco 2021 EMS Partner of the Year, recognizing its strong performance and partnership during FY21 despite a challenging operational climate. The announcement was made during Cisco's annual Supplier Appreciation Event on September 14, 2021. This award highlights Fabrinet's capabilities in delivering advanced optical packaging and precision manufacturing services. The recognition underscores the significance of collaboration within the supply chain to enhance customer applications and infrastructure.
Fabrinet (NYSE: FN) reported strong financial results for Q4 and the fiscal year 2021, exceeding guidance with Q4 revenue of $509.6 million, up from $405.1 million year-over-year. GAAP net income for Q4 rose to $42.4 million, or $1.13 per diluted share, compared to $28.0 million, or $0.75 per share, in the previous year. Fiscal year revenue reached $1,879.4 million, up from $1,641.8 million, with GAAP net income of $148.3 million, or $3.95 per diluted share. The company anticipates Q1 FY2022 revenue of $510 million to $530 million and is optimistic about ongoing demand trends.
Fabrinet (NYSE: FN) will release its Q4 and fiscal-year 2021 financial results on August 16, 2021, after market close. A conference call and webcast will be held at 5:00 p.m. ET to discuss the results. Fabrinet, known for advanced optical packaging and manufacturing services, operates in various countries, including Thailand and the USA. Their expertise includes optical communication, automotive components, medical devices, and industrial lasers.
Fabrinet (NYSE: FN) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference, with a presentation scheduled for June 10, 2021, at 1:20 p.m. ET. The conference will be available via live webcast and a replay on Fabrinet's investor website.
Fabrinet specializes in advanced optical packaging and precision manufacturing services for complex products, including optical communication components and medical devices, with facilities in multiple countries, including the USA and Thailand.
Fabrinet (NYSE: FN) reported record revenue of $479.3 million for the third quarter of fiscal year 2021, surpassing last year's $411.2 million. GAAP net income rose to $37.5 million, or $1.00 per diluted share, compared to $28.3 million ($0.75) year-over-year. Non-GAAP net income also increased to $45.4 million ($1.21 per diluted share) from $34.8 million ($0.92). The company anticipates fourth quarter revenue between $475 million and $495 million with earnings per diluted share projected at $1.02 to $1.09.
Fabrinet (NYSE: FN) will release its third quarter 2021 financial results on May 3, 2021, after market close. The announcement includes a conference call at 5:00 p.m. ET on the same day, where management will discuss the results. Investors can join the live call at (888) 357-3694 for domestic or (253) 237-1137 for international access, with a passcode of 2790505. A recorded version of the webcast will be available shortly after the call, archived on Fabrinet's website for one year.
About Fabrinet: Fabrinet provides advanced optical packaging and precision manufacturing services.
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