Earnings Call Summary | Fabrinet(FN.US) Q3 2024 Earnings Conference
Earnings Call Summary | Fabrinet(FN.US) Q3 2024 Earnings Conference
The following is a summary of the Fabrinet (FN) Q3 2024 Earnings Call Transcript:
以下是Fabrinet（FN）2024年第三季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Fabrinet reported Q3 revenue of $731.5 million, a 10% increase YoY and a 3% growth compared to last quarter.
Non-GAAP net income achieved a record high of $2.39 per share.
Noteworthy segments include an 18% YoY increase and 4% sequential growth in Optical Communications ($591.4 million) and a huge 150% YoY surge and 6% QoQ increase in Datacom ($305.5 million), primarily propelled by AI applications.
However, Telecom revenue declined 25% YoY but managed a 2% increase from Q3 to $286 million.
Non-optical Communications revenue declined 3% from Q2 to $140.1 million.
Gross margin maintained stability at 12.6% for the third quarter.
Fabrinet公佈的第三季度收入爲7.315億美元，同比增長10％，與上一季度相比增長3％。
非公認會計准則淨收益創歷史新高，爲每股2.39美元。
值得注意的細分市場包括光通信業務同比增長18％，連續增長4％（5.914億美元），以及數據通信同比大幅增長150％，環比增長6％（3.055億美元），這主要是由人工智能應用推動的。
但是，電信收入同比下降了25％，但較第三季度增長了2％，達到2.86億美元。
非光通信收入較第二季度下降了3％，至1.401億美元。
第三季度毛利率穩定在12.6％。
Business Progress:
業務進展：
Fabrinet continues to see robust demand for its 800 gig technology for AI applications, with high expectations for the upcoming 1.6 terabytes product to supplement rather than overshadow the existing product.
The company anticipates a thriving AI applications market further bolstering its success and gearing up for next-gen products to satisfy a strong demand for high data rate products.
A modest quarterly growth in datacom and non-optical communications revenue is expected as the company maintains its focus on preserving its leading industry margins.
A share buyback program saw approximately 153,000 shares repurchased at an average price of $193.76 per share during the quarter.
Facility expansion plans, albeit not yet decided upon, could potentially see an additional building through a CapEx investment of $55-$60 million, adding an estimated $1.2 billion worth of additional capacity—with only a detrimental 10 basis point effect on gross margins.
Q3 results surpassed both revenue and EPS projections, and the company is optimistic about a record fiscal year.
Fabrinet繼續看到對其用於人工智能應用的800 Gig技術的強勁需求，人們對即將推出的1.6 TB產品寄予厚望，以補充而不是掩蓋現有產品。
該公司預計，蓬勃發展的人工智能應用市場將進一步鞏固其成功，併爲下一代產品做準備，以滿足對高數據速率產品的強勁需求。
由於該公司繼續專注於保持其領先的行業利潤率，預計數據通信和非光通信收入的季度將適度增長。
股票回購計劃在本季度回購了約15.3萬股股票，平均價格爲每股193.76美元。
儘管尚未決定，但設施擴建計劃有可能通過5,500萬至6000萬美元的資本支出增加一座建築，增加估計價值12億美元的額外產能，對毛利率的影響僅爲10個點子。
第三季度的業績超過了收入和每股收益的預期，該公司對創紀錄的財年持樂觀態度。
More details: Fabrinet IR
更多詳情： Fabrinet IR
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