Fabrinet posts 51% revenue surge, beats Q1 non‑GAAP EPS and lifts Q2 guidance
Fabrinet reported fiscal Q1 2027 revenue of $1.47 billion, up 51% year‑over‑year, and non‑GAAP diluted EPS of $4.34, beating estimates by $0.15. Management highlighted strong demand from data‑center customers and announced a second‑quarter revenue outlook of $1.6‑$1.65 billion and non‑GAAP EPS of $4.77‑$4.92. The board also approved an additional $103 million for share repurchases, raising the total authorization to $637.3 million.
Why it matters
The company’s guidance exceeds consensus, suggesting continued top‑line momentum and higher earnings for the next quarter (the company said the outlook is above consensus). The expanded share‑repurchase program signals confidence in cash generation and may support the stock price (the board authorized an extra $103 million for buybacks).
Key facts
- 1Revenue was $1,474.5 million, a 51% increase from the prior‑year quarter. tradingview.com
- 2Non‑GAAP diluted EPS was $4.34, beating estimates by $0.15. seekingalpha.com
- 3GAAP net income was $103.5 million, or $2.86 per diluted share. tradingview.com
- 4Second‑quarter revenue guidance is $1.6 billion to $1.65 billion. tradingview.com
- 5Second‑quarter non‑GAAP EPS guidance is $4.77 to $4.92 per diluted share. tradingview.com
- 6The board authorized an additional $103.0 million for share repurchases, bringing total authorization to $637.3 million. tradingview.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.