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Fabrinet shared its first-quarter results, showing a 51% jump in sales compared to last year.

ResultsRead the original at Benzinga
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Fabrinet's sales rose 51% from a year earlier, and it expects $1.6 billion to $1.65 billion next quarter. New factory space still needs to keep pace with customer demand, but the results and outlook point to stronger business.

FN · Fabrinet

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The AI's read

Demand is coming from data-center links, transceivers, and high-performance computing. New customer programs and added factory space give Fabrinet ways to serve more orders. The expansion still has to match customer demand, but current sales and the next-quarter outlook support a stronger business.

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