Fabrinet Announces Q4 and Fiscal Year 2025 Financial Results

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Fabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 27, 2025.

Seamus Grady, Chief Executive Officer of Fabrinet, said, “Our fourth quarter was exceptional, capping off a remarkable year with strong momentum. We achieved record quarterly revenue of $910 million, exceeding our guidance range. Through excellent execution, our non-GAAP EPS also reached a new all-time high. For all of fiscal year 2025, we achieved record revenue of $3.4 billion, an increase of 19% from the prior year. We’re encouraged by the growing demand across all areas of our business and remain optimistic that these favorable trends will carry into the first quarter and beyond.”

Fourth Quarter Fiscal Year 2025 Financial Highlights

GAAP Results

• Revenue for the fourth quarter of fiscal year 2025 was $909.7 million, compared to $753.3 million for the fourth quarter of fiscal year 2024.
• GAAP net income for the fourth quarter of fiscal year 2025 was $87.2 million, compared to $81.1 million for the fourth quarter of fiscal year 2024.
• GAAP net income per diluted share for the fourth quarter of fiscal year 2025 was $2.42, compared to $2.22 for the fourth quarter of fiscal year 2024.

Non-GAAP Results

• Non-GAAP net income for the fourth quarter of fiscal year 2025 was $95.6 million, compared to $88.0 million for the fourth quarter of fiscal year 2024.
• Non-GAAP net income per diluted share for the fourth quarter of fiscal year 2025 was $2.65, compared to $2.41 for the fourth quarter of fiscal year 2024.

Fiscal Year 2025 Financial Highlights

GAAP Results

• Revenue for fiscal year 2025 was $3.42 billion, compared to $2.88 billion for fiscal year 2024.
• GAAP net income for fiscal year 2025 was $332.5 million, compared to $296.2 million for fiscal year 2024.
• GAAP net income per diluted share for fiscal year 2025 was $9.17, compared to $8.10 for fiscal year 2024.

Non-GAAP Results

• Non-GAAP net income for fiscal year 2025 was $368.8 million, compared to $324.6 million for fiscal year 2024.
• Non-GAAP net income per diluted share for fiscal year 2025 was $10.17, compared to $8.88 for fiscal year 2024.

Business Outlook

Based on information available as of August 18, 2025, Fabrinet is issuing guidance for its first fiscal quarter ending September 26, 2025, as follows:

• Fabrinet expects first quarter revenue to be in the range of $910 million to $950 million.
• GAAP net income per diluted share is expected to be in the range of $2.48 to $2.63, based on approximately 36.1 million fully diluted shares outstanding.
• Non-GAAP net income per diluted share is expected to be in the range of $2.75 to $2.90, based on approximately 36.1 million fully diluted shares outstanding.