Fabrinet Smashes Records with Q3 Earnings

Fabrinets Q3 earnings soared, with revenue hitting $1.214 billion, a 39% year-over-year increase and 7% quarter-over-quarter growth. Non-GAAP earnings per share reached $3.72, surpassing guidance. Optical communications led the surge, with telecom sales jumping 55% and data center interconnect modules up 90%. Despite supply shortages, datacom revenue grew 4% year-over-year. Non-optical segments surged 52% due to HPC ramps. Fabrinet is expanding with new facilities and securing a stake in Raytec Semiconductor. Guidance for Q4 points to 40% growth at the midpoint. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1aee35fbd3c0c95e