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Dec 31, 2022
Sanmina Q1 2023 Earnings Report
Reported strong financial results driven by demand from new and existing programs and solid execution.
Key Takeaways
Sanmina reported a strong first quarter with revenue up 7.2 percent sequentially, non-GAAP operating margin expanded 20 basis points and non-GAAP earnings per share increased 9.5 percent.
Delivered a strong first quarter.
Revenue was up 7.2 percent sequentially.
Non-GAAP operating margin expanded 20 basis points.
Non-GAAP earnings per share increased 9.5 percent.
Forward Guidance
The following outlook is for the fiscal second quarter ending April 1, 2023. These statements are forward-looking and actual results may differ materially.
Challenges Ahead
- Ongoing supply chain constraints, including those resulting from the continuing impacts of the COVID-19 pandemic.
- Geopolitical uncertainty, including from the conflict in Ukraine.
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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