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Dec 30, 2023
Sanmina Q1 2024 Earnings Report
Reported financial results in line with outlook and positioned the company for long-term financial success.
Key Takeaways
Sanmina reported first quarter fiscal year 2024 financial results, with revenue of $1.87 billion, GAAP diluted EPS of $0.98, and non-GAAP diluted EPS of $1.30. The company's performance aligns with expectations for the first half of fiscal 2024, and they anticipate sequential improvement in the second half of the year.
Revenue was $1.87 billion.
GAAP operating margin was 4.7%.
GAAP diluted EPS was $0.98.
Non-GAAP diluted EPS was $1.30.
Sanmina
Sanmina
Forward Guidance
The following outlook is for the fiscal second quarter ending March 30, 2024. Revenue is expected to be between $1.825 billion to $1.925 billion. GAAP diluted earnings per share between $0.95 to $1.05. Non-GAAP diluted earnings per share between $1.20 to $1.30.
Positive Outlook
- Revenue between $1.825 billion to $1.925 billion
- GAAP diluted earnings per share between $0.95 to $1.05
- Non-GAAP diluted earnings per share between $1.20 to $1.30
Challenges Ahead
- Actual results may differ materially.
- 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.