BANGKOK – Fabrinet reported fiscal second quarter revenue was $403.1 million, up 19.6% year-over-year.

For the quarter ended Dec. 28, GAAP net income was $31.5 million, an increase of 63.2% compared to the same period in the prior year.

“We are pleased to have delivered record results in the fiscal second quarter, exceeding our prior guidance with particular strength from products to the telecom market,” said CEO Seamus Grady. “We are optimistic that Q3 will represent a record third quarter for us in terms of both revenue and profitability, and that our strong market position will enable us to extend our track record of success over the longer-term.”

Fabrinet expects fiscal third quarter revenue in the range of $384 million to $392 million.