Fabrinet reported record first quarter fiscal 2027 results that exceeded the high end of its guidance range and surpassed analyst expectations. Revenue growth was driven by broad-based demand across multiple significant programs and new product ramps, particularly within the optical communications space.
Key Highlights
- Revenue for the quarter reached $1.47 billion, a 51% increase from the $978.1 million reported in the prior year period.
- Non-GAAP diluted EPS was $4.34, significantly outperforming the $4.19 analyst estimate and up from $2.92 a year ago.
- Strong forward momentum is reflected in second quarter guidance, with revenue projected between $1.60 billion and $1.65 billion, well above historical levels.
- The board of directors expanded the share repurchase authorization by $103.0 million, bringing the total program capacity to $637.3 million.