In today’s briefing:
- Fabrinet – Fabrinet: A Tale Of Rapid Growth in Datacom Driven by AI Applications! – Major Drivers
Fabrinet – Fabrinet: A Tale Of Rapid Growth in Datacom Driven by AI Applications! – Major Drivers
- Fabrinet’s recent earnings included a new record set for second quarter revenue and EPS due to rapid growth in datacom, driven specifically by next-gen AI interconnect, with revenue at $712.7 million, an increase of 7% from the previous year and 4% from the first quarter.
- However, telecom revenue remained impacted by inventory absorption in the ecosystem – a possible note of concern.
- The company expects telecom revenue to slightly increase in the third quarter as newer optical communication technologies, like extended reach pluggable optics, have seen increasing demand.
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