BANGKOK -- Fabrinet today announced revenue jumped 17% year-over-year to $479.3 million for its third fiscal quarter ended Mar. 26.

The electronics manufacturing services company reported GAAP net income of $37.5 million, versus $28.3 million a year ago. Non-GAAP net income for the quarter was $45.4 million, versus $34.8 million in fiscal 2020.

“For the third quarter in a row, we delivered record revenue that exceeded our guidance," said Seamus Grady, chief executive, Fabrinet."Notably, we saw sequential revenue growth from all the end markets that we track combined with improving operating margins, both of which helped generate record net income.”

“Based on our current outlook and continued demand, we expect another record performance in the fourth quarter and we remain well-positioned to continue to deliver strong results over the longer-term.”

Fabrinet guided for fourth fiscal quarter revenue of $475 million to $495 million.

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