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Fabrinet (FN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Fabrinet FN reported upbeat second-quarter results on Monday.

The headline numbers for Fabrinet (FN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Fabrinet (NYSE:FN ) Q2 2025 Earnings Conference Call February 9, 2025 5:00 PM ET Company Participants Garo Toomajanian - Vice President, Investor Relations Seamus Grady - Chief Executive Officer Csaba Sverha - Chief Financial Officer Conference Call Participants Karl Ackerman - BNP Paribas Samik Chatterjee - JPMorgan George Notter - Jefferies Ryan Koontz - Needham George Wang - Barclays Tim Savageaux - Northland Capital Markets Mike Genovese - Rosenblatt Securities Operator Good afternoon. Welcome to Fabrinet's Financial Results Conference Call for the Second Quarter of Fiscal Year 2025.

Fabrinet (FN) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.08 per share a year ago.

Record Second Quarter Revenue and Earnings Per Share Above Guidance Ranges Record Second Quarter Revenue and Earnings Per Share Above Guidance Ranges

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BANGKOK, Thailand, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), 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 it will release financial results for the second quarter of fiscal year 2025, which ended December 27, 2024, after market close on Monday, February 3, 2025. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results.

Fabrinet FN is at the crossroads of a powerful growth catalyst and a brewing short squeeze.

Fabrinet, supported by Nvidia, offers a low-risk investment in datacenter and optical communication manufacturing, now attractively priced at $233 amid solid revenue growth. Fiscal Q4 saw record revenue of $753.3 million, driven by AI applications and Nvidia's production ramp-up, with 34% EPS growth. The company has no debt, a $200 million buyback program, and $858 million in net cash, providing flexibility for future investments.