Filing Flows › Fabrinet (FN) › Q4 FY25
Fabrinet (FN) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 19, 2025
Fabrinet (FN) reported revenue of $910M for the fourth quarter fiscal 2025 (Q4 FY25), +21% from a year earlier and +4% from the quarter before. Operating margin was 9.8%, net earnings $87.2M (9.6% of revenue).
Fabrinet, Q4 FY25: revenue $910M (+21% year over year), operating margin 9.8%, net earnings $87.2M, operating cash flow $55.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $910M | +4% | +21% |
| Gross profit | $111M | +9% | +20% |
| Operating profit | $89.1M | +13% | +21% |
| Net earnings | $87.2M | +7% | +8% |
| Operating cash flow | $55.1M | -26% | -34% |
| Free cash flow | $4.7M | — | -93% |
What changed
Revenue was $909.7M in Q4 FY25, up 21% year over year and up 4% from the previous quarter. Optical communications was the largest line at 76% of revenue.
Gross margin was 12.2%, unchanged from a year earlier. Operating profit was $89.1M, a 9.8% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 10% margin then. Operating expenses grew 16% against revenue growth of 21%. Net earnings were $87.2M, up 8% year over year. The effective tax rate was 6.5%.
Operating cash flow was $55.1M (down 34% year over year), 63% of net earnings. Non-cash charges added back $14.2M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $54.4M. After purchase of property, plant and equipment ($50.4M), free cash flow as the company reports it was $4.7M.
Questions
What was Fabrinet's revenue in the fourth quarter fiscal 2025?
Fabrinet (FN) reported revenue of $910M for the fourth quarter fiscal 2025 (Q4 FY25), +21% from a year earlier and +4% from the quarter before.
Was Fabrinet profitable in the fourth quarter fiscal 2025?
Operating profit was $89.1M (9.8% of revenue) and net earnings $87.2M.
Source: Fabrinet 10-K on SEC EDGAR.