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Jan 01, 2022
Sanmina Q1 2022 Earnings Report
Sanmina's financial performance improved due to growth in the industrial, medical, defense, and automotive segment, and solid execution and ability to expand the non-GAAP operating margin and non-GAAP earnings per share on a sequential basis, as well as generate free cash flow.
Key Takeaways
Sanmina reported first quarter fiscal 2022 financial results with revenue of $1.76 billion, GAAP diluted EPS of $0.89, and non-GAAP diluted EPS of $1.08. The company saw growth in the industrial, medical, defense, and automotive segment and generated free cash flow.
Revenue was $1.76 billion.
GAAP operating margin was 4.6%.
GAAP diluted EPS was $0.89.
Non-GAAP diluted EPS was $1.08.
Forward Guidance
The following outlook is for the fiscal second quarter ending April 2, 2022. Supply chain challenges are expected to continue.
Challenges Ahead
- Adverse changes to the key markets we target.
- Significant uncertainties that can cause our future sales and net income to be variable.
- Reliance on a small number of customers for a substantial portion of our sales.
- Risks arising from our international operations.
- Ongoing impacts of the COVID-19 pandemic, which include disruptions to the supply chain that have prevented the company from shipping all products for which there is demand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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