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Jul 03, 2021
Sanmina Q3 2021 Earnings Report
Reported financial results for the third quarter of fiscal year 2021.
Key Takeaways
Sanmina reported strong demand across all end-markets, but revenue was impacted by global supply chain constraints. Non-GAAP operating margin was at the high-end, and non-GAAP earnings per share exceeded outlook.
Achieved third quarter non-GAAP operating margin at the high-end.
Non-GAAP earnings per share exceeded outlook.
Demand remained robust across all end-markets.
Global supply chain constraints impacted third quarter revenue.
Sanmina
Sanmina
Forward Guidance
The outlook for the fourth fiscal quarter ending October 2, 2021, reflects strong demand across the customer base while considering the impact of ongoing supply constraints.
Positive Outlook
- Expectations for customer demand during the fourth quarter.
- The Company’s ability to manage ongoing supply chain constraints.
- Financial outlook for the fourth quarter.
- Operational agility to navigate in this dynamic market environment.
- Strong demand across our customer base
Challenges Ahead
- Ongoing impacts of the COVID-19 pandemic.
- Supply chain constraints preventing the Company from shipping all product for which there is demand.
- Potential renewed restrictions on where products can be built.
- Inability to fully staff plants.
- Adverse changes to the key markets we target