BANGKOK – Fabrinet reported fiscal second quarter revenue of $566.6 million, up 24.9% year-over-year.

For the period ended Dec. 24, GAAP net income was $48.9 million, an increase of 38.1% compared to the fiscal second quarter of 2021.

“We had an excellent second quarter with revenue and non-GAAP EPS that exceeded our guidance ranges,” said CEO Seamus Grady, Fabrinet. “Our team continues to effectively manage ongoing supply chain constraints, and with continued strong demand trends, our outlook remains very positive.”

Cash and cash equivalents were $276.5 million as of Dec. 24.

For the fiscal third quarter ending Mar. 25, Fabrinet expects revenue between $560 million and $580 million.

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