Fabrinet announced its financial results for the first quarter of fiscal year 2027, which ended on September 25, 2026. The company reported record revenue for the period, which increased by 51% year-over-year to $1,474.5 million. This figure exceeded the company's previously issued guidance range.
On a GAAP basis, the company reported net income of $103.5 million, or $2.86 per diluted share, compared to $95.9 million, or $2.66 per diluted share, in the prior year. Non-GAAP net income was $157.4 million, or $4.34 per diluted share, compared to $105.3 million, or $2.92 per diluted share, in the prior year.
The company also disclosed that its Board of Directors has expanded its share repurchase program. The Board authorized the repurchase of an additional $103.0 million of Fabrinet’s ordinary shares, bringing the total aggregate authorization under the program to $637.3 million.
Regarding future performance, Fabrinet provided guidance for the second quarter of fiscal year 2027, which ends on December 25, 2026. The company expects revenue to be in the range of $1.6 billion to $1.65 billion. On a GAAP basis, the company expects diluted earnings per share to be between $3.81 and $3.96, based on approximately 36.2 million fully diluted shares outstanding. Non-GAAP diluted earnings per share is expected to be between $4.77 and $4.92.
