Fabrinet Q4 2023 Earnings Call Transcript

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

Question: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : This is Joe Cardoso on for Samik Chatterjee. My first question is just on the inventory digestion that you're seeing in the telecom industry. I guess kind of just given your relationships with your customers and your experience in the industry, is there any visibility at this point in time in terms of the longevity of this digestion cycle that we're going through, like I think historically, some of the folks have pointed to like a 2-quarter digestion, is that lining up to how you guys are thinking about it at this current time? Any color you can provide about -- around that, it would be helpful. And then I have a quick follow-up.

Question: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : Got it. I appreciate it, Seamus. I guess my follow-up is just around the 800-gig, and maybe you guys should just call it the AI opportunity for you guys in datacom. Obviously, you did -- you're doing tremendously well with the current program that you won. I'm just curious like what is the opportunity for you guys to win an additional program beyond the current customer that you're in? Do you have any visibility around it? Is that opportunity materializing in any way? Just curious to hear your thoughts around expanding beyond just this current customer to perhaps a different supplier?