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Fabrinet Laser Business Revenue Surges

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2025-02-07 14:55:20
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Recently, Fabrinet released its financial report for the three months ended December 27, 2024, showing that its sales and revenue exceeded expectations. During the reporting period, the company achieved sales of $834 million, a year-on-year increase of 17%. Net income increased by 25% during the same period, reaching $86.6 million.

Although the growth in performance is still dominated by the optical communication business, especially the increasing demand for optical interconnection in data centers, Fabrinet's management team also emphasized the rebound in demand for industrial lasers, with related revenue increasing by 20% year-on-year.

Fabrinet CEO Seamus Grady said: Our telecommunications performance is very strong, benefiting from the growing demand for data center interconnect products and early progress in recent system victories. Although the demand for data communication has slightly slowed down recently, we still expect a faster growth rate as the production of next-generation products increases.

Due to the expected strong demand in the foreseeable future, the company has just started building a new park and will increase its manufacturing capacity significantly in approximately 18 months. Fabrinet's manufacturing space per square foot typically generates approximately $1200 in annual revenue, which means the additional production capacity provided by the new building can generate $2.4 billion in revenue.

The company's current annual revenue is approximately $3 billion, with major clients including Nvidia, Cisco Systems, Lumentum, and Infinera.

It is understood that the Casix subsidiary of the company has a factory in Fuzhou, China, specializing in the manufacturing of customized glass and crystal optical devices for internal use, as well as the core components of advanced components produced for its customers.

This quarter, Fabrinet's revenue is expected to be between $850 million and $870 million, and may set another new record. After the latest update, Fabrinet's stock price fell by about 8% due to market turbulence caused by tariff related uncertainty. At present, the stock is trading at around $207 on NASDAQ, down from its high of $265 shortly before DeepSeek AI triggered a sell-off at the end of January, but it still maintains a strong upward trend in the long run.

Source: Yangtze River Delta Laser Alliance

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