BANGKOK – Fabrinet reported record third-quarter revenue and earnings, driven by continued growth in datacom and advanced manufacturing programs.
Revenue for the quarter ended March 27 reached $1.21 billion, up from $871.8 million in the same quarter last year. The company said ongoing customer program ramps and expanding datacom demand supported the quarter’s results. Fabrinet also issued fourth-quarter guidance calling for revenue between $1.25 billion and $1.29 billion.
“Our third quarter was exceptionally strong, delivering record financial results that exceeded our guidance ranges,” said Seamus Grady, chairman and CEO of Fabrinet. “We expect several new customer agreements, particularly in the datacom market, to further strengthen our growth trajectory as we move into the fourth quarter and beyond.”