Fabrinet's Customers Performance
FN
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FN's Source of Revenues |
In the Q4, Fabrinet's corporate clients experienced a reduction by -3.14 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 7.34 %. During the corresponding time, Fabrinet recorded revenue increase by 6.59 % year on year, sequentially revenue grew by 3.97 %. While revenue at the Fabrinet's corporate clients recorded rose by 0.76 % year on year, sequentially revenue grew by 20.96 %.
• List of FN Customers
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Customers of Fabrinet saw their costs of revenue decrease by -3.14 % in Q4 compare to a year ago, sequentially costs of revenue grew by 7.34 %, for the same period Fabrinet recorded revenue increase by 6.59 % year on year, sequentially revenue grew by 3.97 %.
• List of FN Customers
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Customers Net Income grew in Q4 by |
Customers Net margin grew to |
10.82 % |
20.69 % |
Fabrinet's Comment on Sales, Marketing and Customers
The optical communications market we serve is highly concentrated. Therefore,
we expect a significant percentage of our total revenues will continue to come
from a small number of customers. We had one customer, Lumentum Operations LLC,
that contributed 10% or more of our total revenues. This customer accounted for
16% and 17% of our total revenues during the respective fiscal years.
The production of optical devices is characterized by a lengthy qualification
process. In particular, the qualification and field testing of the products
that we produce for our customers may take three to six months or longer to
complete. Generally, we must qualify our production process with our customers,
and the products that we manufacture must also meet the product quality requirements
of our customers’ customers. While most of our customers do not purchase
our services until they qualify the services and satisfactorily complete factory
audits and vendor evaluations, we typically produce a test run of their products
to demonstrate that the products we produce will meet their qualification standards
in advance of receiving an order. As part of this process, our engineers work
closely with the customer’s design and procurement teams. We believe that
the rigorous product transfer and qualification processes, and the close relationships
that we develop with our customers during those processes, results in greater
visibility into product life cycles and longer-term customer engagements.
News about Fabrinet Contracts |
Fabrinet, a leading provider of advanced optical packaging and precision manufacturing services, has recently released its 2023 Sustainability Report. This report underlines Fabrinet's unwavering dedication to conducting business in an ethical, environmentally responsible, and socially supportive manner. The company's commitment to sustainability extends beyond profit margins and paints a holistic picture of its operations.Seamus Grady, Chief Executive Officer of Fabrinet, noted the positive growth in both revenue and cost of revenue during the third quarter of 2023. Fabrinet saw a 4.58% increase in revenue year on year, with a sequential increase of 4.51%. However, the revenue for Fabrinet's corporate custo...
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Fabrinet's Comment on Sales, Marketing and Customers
The optical communications market we serve is highly concentrated. Therefore,
we expect a significant percentage of our total revenues will continue to come
from a small number of customers. We had one customer, Lumentum Operations LLC,
that contributed 10% or more of our total revenues. This customer accounted for
16% and 17% of our total revenues during the respective fiscal years.
The production of optical devices is characterized by a lengthy qualification
process. In particular, the qualification and field testing of the products
that we produce for our customers may take three to six months or longer to
complete. Generally, we must qualify our production process with our customers,
and the products that we manufacture must also meet the product quality requirements
of our customers’ customers. While most of our customers do not purchase
our services until they qualify the services and satisfactorily complete factory
audits and vendor evaluations, we typically produce a test run of their products
to demonstrate that the products we produce will meet their qualification standards
in advance of receiving an order. As part of this process, our engineers work
closely with the customer’s design and procurement teams. We believe that
the rigorous product transfer and qualification processes, and the close relationships
that we develop with our customers during those processes, results in greater
visibility into product life cycles and longer-term customer engagements.
FN's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Fabrinet |
7,328.53 |
2,719.32 |
254.34 |
10,579 |
Coda Octopus Group Inc |
61.48 |
19.03 |
3.12 |
0 |
Mercury Systems Inc |
1,650.94 |
895.17 |
-85.37 |
2,386 |
Hp inc |
29,999.88 |
53,075.00 |
3,398.00 |
58,000 |
Dell Technologies Inc |
78,874.84 |
90,042.00 |
5,928.00 |
133,000 |
Adobe Inc |
235,975.64 |
19,409.00 |
5,428.00 |
22,516 |
Cisco Systems Inc |
200,676.71 |
57,233.00 |
13,442.00 |
83,300 |
Apple Inc |
2,705,974.07 |
385,706.00 |
100,913.00 |
164,000 |
International Business Machines Corporation |
176,665.65 |
61,860.00 |
7,502.00 |
307,600 |
Netapp Inc |
21,479.80 |
6,101.00 |
692.00 |
12,000 |
Teradyne Inc |
16,894.89 |
2,737.53 |
504.00 |
5,900 |
Unisys Corp |
331.05 |
2,015.40 |
-427.10 |
23,200 |
Xerox Holdings Corporation |
2,374.67 |
6,886.00 |
1.00 |
26,475 |
Motorola Solutions inc |
58,520.77 |
9,978.00 |
1,714.00 |
18,700 |
Lockheed Martin Corporation |
108,811.03 |
67,571.00 |
6,920.00 |
114,000 |
International Game Technology Plc |
4,120.90 |
4,310.00 |
307.00 |
4,400 |
Sai tech Global Corporation |
24.42 |
10.64 |
-8.85 |
0 |
Science applications International corporation |
6,784.77 |
7,365.00 |
489.00 |
13,000 |
Leidos Holdings Inc |
17,460.87 |
15,438.00 |
208.00 |
43,000 |
Astronics Corporation |
587.75 |
650.67 |
-40.18 |
2,000 |
Aerovironment Inc |
4,005.78 |
577.99 |
32.43 |
663 |
Kratos Defense and Security Solutions inc |
2,174.14 |
1,036.60 |
2.40 |
3,600 |
Avnet Inc |
4,378.43 |
26,122.08 |
795.84 |
18,800 |
Avid Technology Inc |
1,195.41 |
413.46 |
12.95 |
1,522 |
Canon Inc |
22,300.12 |
28,655.20 |
1,882.75 |
194,151 |
Sifco Industries Inc |
18.28 |
85.97 |
-9.53 |
465 |
Everi Holdings Inc |
840.89 |
807.82 |
84.00 |
900 |
Stoneridge Inc |
464.54 |
977.48 |
-7.98 |
4,100 |
Koss Corporation |
23.01 |
12.01 |
-1.02 |
54 |
Knowles Corporation |
1,382.93 |
707.60 |
72.40 |
12,000 |
Irobot Corporation |
276.48 |
890.58 |
-304.71 |
622 |
Genasys Inc |
80.02 |
38.75 |
-21.61 |
172 |
Empire Global Gaming Inc |
0.09 |
0.00 |
-0.33 |
1 |
Electronic Systems Technology Inc |
0.00 |
1.54 |
-0.16 |
11 |
Tessco Technologies Incorporated |
83.15 |
452.06 |
-4.35 |
786 |
Arrow Electronics Inc |
6,865.27 |
33,107.12 |
909.36 |
18,700 |
Cleartronic Inc |
13.61 |
2.23 |
0.06 |
8 |
Falconstor Software Inc |
16.02 |
10.27 |
-1.20 |
81 |
Inpixon |
3.47 |
12.25 |
-38.16 |
0 |
Inspired Entertainment Inc |
255.40 |
285.90 |
17.70 |
800 |
Nuance Communications Inc |
17,768.93 |
1,338.06 |
-99.18 |
11,600 |
Cirrus Logic Inc |
4,929.34 |
1,788.27 |
176.06 |
1,596 |
Cts Corporation |
1,415.47 |
568.01 |
60.15 |
322 |
Semileds Corp |
7.34 |
5.98 |
-2.69 |
187 |
Rubicon Technology Inc |
2.53 |
3.59 |
0.94 |
20 |
Viavi Solutions Inc |
2,203.71 |
1,006.40 |
-29.10 |
3,500 |
Dolby Laboratories Inc |
8,167.34 |
1,279.83 |
189.78 |
2,122 |
Franklin Wireless Corp |
0.00 |
47.36 |
-2.42 |
67 |
Turtle Beach Corporation |
267.29 |
258.91 |
-49.46 |
135 |
Iridium Communications Inc |
3,468.37 |
790.72 |
15.42 |
41 |
Iteris inc |
210.16 |
170.06 |
2.49 |
0 |
Pineapple Energy Inc |
0.67 |
72.84 |
-17.48 |
0 |
Plantronics Inc. |
1,729.74 |
1,665.53 |
21.64 |
6,172 |
Galaxy Gaming Inc |
40.39 |
26.99 |
-0.93 |
0 |
Uipath Inc |
12,900.07 |
1,043.13 |
-348.72 |
4,013 |
Quantum Computing Inc |
107.28 |
0.28 |
-40.21 |
25 |
Super Micro Computer Inc |
62,075.51 |
9,250.70 |
732.38 |
0 |
Hewlett Packard Enterprise Company |
22,016.68 |
28,081.00 |
1,911.00 |
60,200 |
Quantum Corp |
67.44 |
406.61 |
-38.30 |
905 |
Pure Storage Inc |
16,499.54 |
2,278.88 |
-145.99 |
4,200 |
Extreme Networks Inc |
1,508.13 |
1,366.97 |
94.17 |
2,643 |
Bos Better Online Solutions Ltd |
15.08 |
33.63 |
0.45 |
85 |
Aehr Test Systems |
432.93 |
80.41 |
21.01 |
79 |
Transcat Inc |
982.41 |
250.64 |
10.42 |
812 |
Senseonics Holdings Inc |
343.62 |
19.01 |
-31.64 |
89 |
Frequency Electronics Inc |
92.11 |
49.61 |
2.77 |
197 |
SUBTOTAL |
3,868,899.25 |
937,382.77 |
152,740.99 |
1,389,923 |
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