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Apr 03, 2021
Sanmina Q2 2021 Earnings Report
Sanmina's financial performance was solid in the second quarter of fiscal year 2021, despite supply chain constraints and seasonality.
Key Takeaways
Sanmina reported solid financial results for the second fiscal quarter, driven by broad end-market demand, favorable mix, and operational execution. The company's revenue reached $1.7 billion, with a GAAP EPS of $0.70 and a non-GAAP EPS of $1.01.
Achieved $1.7 billion in revenue, meeting the midpoint of the outlook.
GAAP operating margin was 3.8 percent.
GAAP diluted EPS was $0.70.
Non-GAAP diluted EPS exceeded outlook at $1.01.
Sanmina
Sanmina
Forward Guidance
The third quarter outlook reflects strong demand across Sanmina's customer base, while considering current supply constraints and the COVID-19 pandemic.
Positive Outlook
- Strong demand across customer base
- Focus on fundamentals
- Quality of customer relationships
- Confidence in long-term financial prospects
Challenges Ahead
- Supply chain constraints
- COVID-19 pandemic impacts
- Reduced demand from customers
- Supply chain interruptions
- Health risks for employees