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Fabrinet  (FN)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 

Fabrinet's Customers Performance

FN

 
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




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


   
Customers Net Income grew in Q4 by Customers Net margin grew to
10.82 % 20.69 %



Fabrinet's Customers, Q4 2023 Revenue Growth By Industry
Customers in Aerospace & Defense Industry -0.48 %   
Customers in Conglomerates Industry -5.59 %   
Customers in Appliance & Tool Industry -14.06 %   
Customers in Electronic Parts & Equipment Industry -15.81 %   
Customers in Communications Services Industry      19.62 %
Customers in Hotels & Tourism Industry      1.62 %
Customers in Communications Equipment Industry      0.75 %
Customers in Computer Hardware Industry      2.08 %
Customers in Computer Networks Industry -5.89 %   
Customers in Computer Peripherals & Office Equipment Industry -9.07 %   
Customers in Electronic Instruments & Controls Industry -6.1 %   
Customers in Cloud Computing & Data Analytics Industry      6.67 %
Customers in Semiconductors Industry -0.24 %   
Customers in Software & Programming Industry      11.56 %
Customers in Consumer Electronics Industry      4.81 %
     
• Customers Valuation • Customers Mgmt. Effect.


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 Highlights Commitment to Sustainability in 2023 Sustainability Report

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...




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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