Loading...
•
Apr 02, 2022
Sanmina Q2 2022 Earnings Report
Reported financial results for the second quarter of fiscal year 2022, exceeding revenue and non-GAAP EPS outlooks.
Key Takeaways
Sanmina reported strong second-quarter financial results, driven by strong demand across end-markets and solid execution. Revenue exceeded expectations, and non-GAAP EPS saw growth. The company remains committed to revenue and non-GAAP earnings per share growth and solid cash generation for fiscal 2022.
Revenue was $1.91 billion, exceeding the outlook.
GAAP operating margin was 4.3%.
GAAP diluted EPS was $0.83.
Non-GAAP diluted EPS was $1.14, exceeding the outlook.
Sanmina
Sanmina
Forward Guidance
The outlook is for the fiscal third quarter ending July 2, 2022. Actual results may differ materially due to ongoing supply chain constraints, the impacts of the COVID-19 pandemic, and geopolitical uncertainty, including the conflict in Ukraine.
Challenges Ahead
- Ongoing supply chain constraints.
- Impacts of the COVID-19 pandemic.
- Geopolitical uncertainty, including the conflict in Ukraine.
- Adverse changes to the key markets we target.
- Reliance on a small number of customers for a substantial portion of our sales.