Business segments and geographic information

12 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Business segments and geographic information

Business segments and geographic information

Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and in assessing performance. The Company’s CODM is Fabrinet’s Chief Executive Officer. As of June 28, 2024, June 30, 2023 and June 24, 2022, the Company operated and internally managed a single operating segment. Accordingly, the Company does not accumulate discrete financial information with respect to separate product lines and does not have separate reportable segments.

For the Company’s revenues by geographic region, see “Revenue by Geographic Area and End Market” in Note 3.

The following table presents long-lived assets by the country in which they are based:

	Years Ended
(in thousands)	June 28, 2024		June 30, 2023		June 24, 2022
Long-Lived Assets:
Thailand	$	261,141	$	264,382	$	240,750
U.S.	28,914		25,267		25,938
China	14,586		17,407		19,686
Israel	2,160		2,796		4,025
Others	439		498		1,878
Total	307,240		310,350		292,277

Significant customers

Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:

	Years Ended
	June 28, 2024		June 30, 2023		June 24, 2022
Nvidia Corporation	35.1	%	12.5	%	*
Cisco Systems Inc.	13.4	%	15.6	%	25.4	%
Lumentum Operations LLC	*		15.4	%	10.3	%
Infinera Corporation	*		12.4	%	12.5	%

*    Represents less than 10% of total revenues.

Accounts receivable from individual customers representing 10% or more of accounts receivable as of June 28, 2024 and June 30, 2023, respectively, were as follows:

	As of June 28, 2024		As of June 30, 2023
Nvidia Corporation	22.7	%	14.0	%
Infinera Corporation	19.3	%	20.5	%
Cisco Systems Inc.	12.4	%	*
Lumentum Operations LLC	*		13.7	%

*    Represents less than 10% of total accounts receivable.