Strong Revenue Performance
Fabrinet reported a revenue of $872 million for Q3 FY2025, exceeding guidance and marking a 19% increase from a year ago and a 5% increase from Q2.
Telecom Revenue Growth
Telecom revenue surged by 42% year-over-year and 17% from Q2, driven by new system wins and 400ZR momentum.
Automotive and Industrial Laser Growth
Automotive revenue increased by 76% year-over-year and 24% from Q2, while Industrial Laser revenue grew by 33% year-over-year and 8% sequentially.
New Amazon Partnership
Fabrinet announced a new commercial relationship with Amazon Web Services, which includes a multi-year agreement and a warrant purchase agreement for up to 1% of outstanding shares.
Share Repurchase Activity
Fabrinet repurchased over $100 million worth of shares so far this fiscal year, demonstrating confidence in the company's future.