Fabrinet Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : I guess, Seamus, I wanted to start off with the optical segment. And if I heard you on the prepared remarks correctly, you mentioned that the 400-gig growth was about 1% sequentially lower than what you saw in 100-gig. So I just wanted to clarify that I heard it correctly and what's the driver there. And also, generally, what we're seeing in the rest of the optical landscape, particularly aligned to telecom revenues, we're seeing more of an expectation of a back half of the calendar year kind of ramp given demand coming from telco customers. So given that you just mentioned you have more visibility now into the back half of the calendar year, I just wanted to get your thoughts of what you're seeing. Are you expecting more of a sequential ramp as you go through the rest of the calendar year? Any insights to that would be helpful. And I have a follow-up as well.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Got it. Got it. And then just if I can quickly ask you guys on the -- just wanted to focus on the automotive segment as well. You had strong growth there. I think you mentioned new platforms that are launching are driving the growth. How much of that is the traditional use cases that you might have supported with, I think, some of your customers like Valeo versus some of the more LIDAR customers that you're supporting. And also, any -- when I think about the competitive differentiation in automotive LIDAR, just wanted to get your insight. Should I be thinking about the competitive differentiation in the manufacturing being very similar to the differentiation you already have in optical? Or given how the industry is evolving there, do you see the competitive differentiation being higher or lower in terms of the -- being a contract manufacturer for that industry?