Filing Flows › Fabrinet (FN) › Q3 FY25
Fabrinet (FN) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 6, 2025
Fabrinet (FN) reported revenue of $872M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +5% from the quarter before. Operating margin was 9.0%, net earnings $81.3M (9.3% of revenue).
Fabrinet, Q3 FY25: revenue $872M (+19% year over year), operating margin 9.0%, net earnings $81.3M, operating cash flow $74.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $872M | +5% | +19% |
| Gross profit | $102M | +1% | +12% |
| Operating profit | $78.9M | -0.9% | +11% |
| Net earnings | $81.3M | -6% | +0.5% |
| Operating cash flow | $74.2M | -36% | -26% |
| Free cash flow | $45.7M | — | -48% |
What changed
Revenue was $871.8M in Q3 FY25, up 19% year over year and up 5% from the previous quarter. Telecom was the largest line at 47% of revenue. Telecom added $120.2M year over year (up 42%), 86% of the total change. Datacom declined 18%.
Gross margin was 11.7%, down 0.7 points from a year earlier. Operating profit was $78.9M, a 9.0% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 10% margin then. Operating expenses grew 19% against revenue growth of 19%. Net earnings were $81.3M, roughly flat year over year. The effective tax rate was 5.8%.
Operating cash flow was $74.2M (down 26% year over year), 91% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items used $28.3M. After purchase of property, plant and equipment ($28.5M), free cash flow as the company reports it was $45.7M.
Questions
What was Fabrinet's revenue in the third quarter fiscal 2025?
Fabrinet (FN) reported revenue of $872M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +5% from the quarter before.
Was Fabrinet profitable in the third quarter fiscal 2025?
Operating profit was $78.9M (9.0% of revenue) and net earnings $81.3M.
Source: Fabrinet 10-Q on SEC EDGAR.