FN Q1 FY2027 Revenue $1,474.5 million, Beat Guidance by +$74.5M
FN beat prior Q1 FY2027 Revenue guidance by +$74.5M. Revenue grew 51% year-over-year from $978.1 million, driven by broad-based demand across multiple significant programs and new product ramps. The company also expanded its share repurchase program by $103 million to an aggregate authorization of $637.3 million.
Guidance comparison
Forward guidance
Key takeaways
Revenue: Q1 FY2027 revenue of $1,474.5 million beat guidance midpoint of $1,400 million by $74.5 million (5.3%), growing 51% year-over-year from $978.1 million.
Non-GAAP EPS: Q1 FY2027 non-GAAP diluted EPS of $4.34 beat guidance midpoint of $4.18 by $0.16 (3.8%), compared to $2.92 in the prior year quarter.
GAAP EPS: Q1 FY2027 GAAP diluted EPS of $2.86 missed guidance midpoint of $3.47 by $0.61 (17.6%), impacted by $21.5 million non-marketable equity securities revaluation loss and $19.9 million Pillar Two tax provision.
Operating margin: GAAP operating margin was 9.9% and non-GAAP operating margin was 10.8% for Q1 FY2027.
Share repurchase: Board approved expansion of share repurchase program by $103 million, bringing total authorization to $637.3 million.
Q2 FY2027 guidance: Revenue expected $1.6 billion to $1.65 billion; GAAP EPS $3.81 to $3.96; Non-GAAP EPS $4.77 to $4.92.
Key metrics
Primary source
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