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Jun 27, 2020
Sanmina Q3 2020 Earnings Report
Sanmina's revenue grew and exceeded expectations for revenue, margin, and EPS.
Key Takeaways
Sanmina reported a 4% revenue increase over the prior quarter, exceeding expectations for revenue, margin, and earnings per share, despite challenges from COVID-19 and the macroeconomic environment.
Revenue grew 4% over the prior quarter.
Exceeded expectations for revenue, margin and earnings per share.
Challenges associated with COVID-19 and the macroeconomic environment were navigated.
Leadership team and employees controlled expenses while meeting commitments and customer demands.
Sanmina
Sanmina
Forward Guidance
The following outlook for the fourth fiscal quarter ending October 3, 2020 takes into account any additional revenue and expenses associated with a 14 week quarter. These statements are forward-looking and actual results may differ materially.
Challenges Ahead
- Ongoing impacts of the COVID-19 pandemic, which have reduced demand from our customers
- Supply chain interruptions
- Health risks for our employees
- Restrictions on where we can build products
- Levels of staffing at our plants and the types of products we can build for our customers