Fabrinet · NYSE:FN
Fabrinet — Q4 2025 Earnings Presentation
16 slides from Fabrinet's earnings presentation, Aug 18, 2025
Slide 1: Company Overview
COMPANY OVERVIEW August 18, 2025 1
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical
Slide 3: Fabrinet Overview
Fabrinet Overview ❑ Global leader in advanced precision optical/ electronic/mechanical manufacturing services ❑ Focus on mission-critical components and modules in any mix and any volume ❑ Serving growing industrial markets Fabrinet West VitroCom ▪ Telecom and Datacom Optical Communications Santa Cl
Slide 4: Markets and Products
Markets and Products Optical Automotive Industrial Lasers Other Communications ◼ EV Charging ◼ Lasers ◼ Medical ◼ Transceivers Diagnostics ◼ LIDAR ◼ Solid-State Lasers ◼ Modulators ◼ Metrology & ◼ LED & Laser ◼ Gas Lasers ◼ Optical Amplifiers Lighting Instrumentation ◼ Ultrafast Lasers ◼ ROADM ◼ Saf
Slide 5: Efficient Global Manufacturing Footprint
Efficient Global Manufacturing Footprint Precision Optical and Electronic Custom Optics Packaging and Assembly Casix, China Vitrocom, NJ, USA Pinehurst Campus, Thailand Quickturn NPI Services Fabrinet Israel Fabrinet West, CA, USA Chonburi Campus, Thailand 5
Slide 6: Investment Highlights
Investment Highlights ✓ Large and growing addressable markets ✓ Differentiated business model with low-cost structure ✓ Highly differentiated expertise in precision manufacturing technologies enabling next-generation products ✓ Strong relationships with industry-leading OEMs ✓ Demonstrated track rec
Slide 7: Strong Revenue Trends
Strong Revenue Trends QUARTERLY CONSOLIDATED REVENUE ($M) 1,000 871.8 909.7 900 804.2 833.6 712.7 731.5 753.3 800 655.4 685.5 668.7 665.3 655.9 700 600 500 400 300 200 100 0 Sep'22* Sep'23 Sep'24 Dec'22 Dec'23 Dec'24 Mar'23 Mar'24 Mar'25** Jun '23 Jun'24 Jun'25 Optical communications Non-optical com
Slide 8: Consistent Profitability
Consistent Profitability NON-GAAP GROSS MARGIN AND NON-GAAP OPERATING MARGIN (1) % of Sales 15.0% 12.6% 12.4% 12.5% 12.5% 10.6% 10.5% 10.7% 10.7% 10.0% 5.0% 0.0% FY2024 FY2025 4Q24 4Q25 Gross margin Operating margin RETURN ON INVESTED CAPITAL (2) 50.0% 40.1% 35.7% 38.1% 38.2% 40.0% 30.0% 20.0% 10.0%
Slide 9: Recent Financial Performance
Recent Financial Performance Key Financials • Q4 revenue of $909.7 million $Millions (USD), except per share figures 3 months ended exceeded guidance and was a new record 27-June-25 28-June-24 Revenue $909.7 $753.3 • Q4 non-GAAP operating margin Y-o-Y change 21% 15% was 10.7% Gross profit (non-GAAP)
Slide 10: Strong Balance Sheet Supports Growth Strategy
Strong Balance Sheet Supports Growth Strategy Selected Items $Millions (USD) As of June 27, 2025 Cash, cash equivalents(1) $934.2 Working capital (2) $702.5 Property, plant & equipment, net $380.6 Total debt (3) $0.0 Total shareholders’ equity $1,981.8 (1) Cash & cash equivalents include marketable
Slide 11: Revenue Mix
Revenue Mix F4Q23 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 Optical Communications 77% 78% 80% 81% 79% 78% 78% 75% 76% Datacom 38% 45% 51% 52% 53% 53% 46% 38% 40% Telecom 62% 55% 49% 48% 47% 47% 54% 62% 60% Non-Optical Communications 23% 22% 20% 19% 21% 22% 22% 25% 24% Optical and non-optical
Slide 12: Revenue by Product Category ($Millions USD)
Revenue by Product Category ($Millions USD) F4Q23 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 Optical $502.1 $533.3 $567.9 $591.4 $596.4 $626.3 $647.1 $657.2 $688.7 Communications Datacom 192.5 242.0 288.1 305.5 314.7 328.9 299.1 251.1 276.9 Telecom 309.6 291.2 279.8 286.0 281.7 297.4 348.0 406.
Slide 13: Optical Communications Revenue
Optical Communications Revenue Revenue by Technology in $Millions (USD) F4Q23 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25 Silicon Photonics $88.1 $88.5 $97.9 $111.9 $90.5 $90.7 $122.4 $135.3 $143.7 Non-Silicon Photonics 414.0 444.8 470.0 479.5 505.9 535.6 524.7 521.9 544.9 Total Optical $502.1 $
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP Reconciliation of Gross Margin and Operating Margin
Non-GAAP Reconciliation of Gross Margin and Operating Margin Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non-GAAP Gross Margin (in thousands of U.S. dollars) Three Months Ended Twelve Months Ended March 28, June 27, 2025 June 28, 2024 June 30, 2025 June 30,
Slide 16: Non-GAAP Reconciliation of Net Profit and EPS
Non-GAAP Reconciliation of Net Profit and EPS Reconciliation of GAAP measures to non-GAAP measures (in thousands of U.S. dollars, except per share data) FQ4 '25 FQ3 '25 FQ4'24 June 27,2025 March 28, 2025 June 28,2024 Net income Diluted EPS Net income Diluted EPS Net income Diluted EPS GAAP measures