Fabrinet beats Q1 estimates and guides fiscal Q2 adjusted EPS $4.77-$4.92, sales $1.600B-$1.650B, above consensus

Fabrinet reported fiscal Q1 revenue of $1.47B (vs. $1.4B estimate, +51% YoY) and adjusted EPS of $4.34 (vs. $4.19 estimate, +49% YoY), with non-GAAP net income of $157.4M. The company guided fiscal Q2 adjusted EPS of $4.77-$4.92 (vs. $4.41 estimate) and sales of $1.600B-$1.650B (vs. $1.476B estimate), plus Q2 GAAP EPS of $3.81-$3.96.

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