BANGKOK – Fabrinet's revenue of $712.7 million in the second quarter of its fiscal year marked a 7% year-over-year increase.

"We had a very strong second quarter, which again set new records for revenue and EPS, and also exceeded our guidance ranges," said CEO Seamus Grady. "Rapid datacom growth continues to fuel our overall performance, driven by next-generation AI interconnect. Telecom revenue remains impacted by inventory absorption in the ecosystem, but we are encouraged that the magnitude of these declines is getting smaller. Total revenue was $712.7 million, an increase of 7% from a year ago, and 4% from the first quarter. Our strong execution helped to improve operating margins from the first quarter, and generate non-GAAP net income of $2.08 per share, a new quarterly record. Looking at the second quarter in more detail, optical communications revenue grew, both from a year ago and the first quarter."

For the third quarter, the company anticipates revenue in the range of $705 million to $725 million.

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