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年第三季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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公布的第三季度收入为7.315亿美元，同比增长10％，与上一季度相比增长3％。
非公认会计准则净收益创历史新高，为每股2.39美元。
值得注意的细分市场包括光通信业务同比增长18％，连续增长4％（5.914亿美元），以及数据通信同比大幅增长150％，环比增长6％（3.055亿美元），这主要是由人工智能应用推动的。
但是，电信收入同比下降了25％，但较第三季度增长了2％，达到2.86亿美元。
非光通信收入较第二季度下降了3％，至1.401亿美元。
第三季度毛利率稳定在12.6％。
Business Progress:
业务进展：
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继续看到对其用于人工智能应用的800 Gig技术的强劲需求，人们对即将推出的1.6 TB产品寄予厚望，以补充而不是掩盖现有产品。
该公司预计，蓬勃发展的人工智能应用市场将进一步巩固其成功，并为下一代产品做准备，以满足对高数据速率产品的强劲需求。
由于该公司继续专注于保持其领先的行业利润率，预计数据通信和非光通信收入的季度将适度增长。
股票回购计划在本季度回购了约15.3万股股票，平均价格为每股193.76美元。
尽管尚未决定，但设施扩建计划有可能通过5,500万至6000万美元的资本支出增加一座建筑，增加估计价值12亿美元的额外产能，对毛利率的影响仅为10个基点。
第三季度的业绩超过了收入和每股收益的预期，该公司对创纪录的财年持乐观态度。
More details: Fabrinet IR
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