Fabrinet Shares Higher as Data Center Business Boosts 1Q Revenue

Dow Jones11-05

By Emon Reiser

Shares for Fabrinet were on the rise after the optical product manufacturing company reported better-than-expected revenue and profit, thanks to data center trends that executives see boosting results beyond the first quarter.

The stock rose 6.0% to $469.64 a share in midday Tuesday trading. Shares have more than doubled year to date.

"Telecom revenue hit a new record, increasing 59% from a year ago and 15% from [the fourth quarter], driven primarily by data center interconnect products," Chief Executive Seamus Grady said on a call with analysts.

Bangkok-based Fabrinet on Monday reported first-quarter income of $95.9 million, or $2.66 a share for the quarter ended Sept. 26, compared with $77.4 million, or $2.13 a share for the year-ago period.

Stripping out one-time items, earnings per share were $2.92. Analysts polled by FactSet expected $2.82 a share.

First-quarter revenue was $978.1 million, compared with $804.2 million a year ago. Analysts had expected $934.4 million.

"In addition to these terrific first-quarter results, we're very optimistic that this strong momentum will extend into the second quarter with numerous revenue drivers contributing to our growth," Grady said.

Fabrinet for the second quarter expects revenue ranging from $1.05 billion to $1.10 billion. Adjusted earnings per share are expected to be between $3.15 and $3.30.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

November 04, 2025 11:46 ET (16:46 GMT)

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Shares have more than doubled year to date. \n</p>\n<p>\n  \"Telecom revenue hit a new record, increasing 59% from a year ago and 15% from [the fourth quarter], driven primarily by data center interconnect products,\" Chief Executive Seamus Grady said on a call with analysts. \n</p>\n<p>\n  Bangkok-based Fabrinet on Monday reported first-quarter income of $95.9 million, or $2.66 a share for the quarter ended Sept. 26, compared with $77.4 million, or $2.13 a share for the year-ago period. \n</p>\n<p>\n  Stripping out one-time items, earnings per share were $2.92. Analysts polled by FactSet expected $2.82 a share. \n</p>\n<p>\n  First-quarter revenue was $978.1 million, compared with $804.2 million a year ago. 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Shares have more than doubled year to date. \n\n\n  \"Telecom revenue hit a new record, increasing 59% from a year ago and 15% from [the fourth quarter], driven primarily by data center interconnect products,\" Chief Executive Seamus Grady said on a call with analysts. \n\n\n  Bangkok-based Fabrinet on Monday reported first-quarter income of $95.9 million, or $2.66 a share for the quarter ended Sept. 26, compared with $77.4 million, or $2.13 a share for the year-ago period. \n\n\n  Stripping out one-time items, earnings per share were $2.92. Analysts polled by FactSet expected $2.82 a share. \n\n\n  First-quarter revenue was $978.1 million, compared with $804.2 million a year ago. Analysts had expected $934.4 million. \n\n\n  \"In addition to these terrific first-quarter results, we're very optimistic that this strong momentum will extend into the second quarter with numerous revenue drivers contributing to our growth,\" Grady said. \n\n\n  Fabrinet for the second quarter expects revenue ranging from $1.05 billion to $1.10 billion. 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