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Jul 02, 2022
Sanmina Q3 2022 Earnings Report
Reported strong financial results driven by robust demand across all end-markets and effective supply chain management.
Key Takeaways
Sanmina reported strong financial results for the third quarter of fiscal year 2022, with revenue exceeding expectations due to high demand and effective supply chain management. Non-GAAP earnings per share increased significantly, and the company anticipates continued strong demand in the fourth quarter, projecting approximately 14 percent revenue growth for fiscal year 2022.
Revenue increased 5.6 percent sequentially.
Non-GAAP earnings per share increased 14.4 percent.
Strong demand was seen from all end-markets.
Non-GAAP operating margin was 5.5 percent for the quarter.
Sanmina
Sanmina
Forward Guidance
Sanmina anticipates continued strong demand from customers in the fourth quarter of fiscal year 2022 and expects fiscal year 2022 revenue growth of approximately 14 percent.
Challenges Ahead
- Ongoing supply chain constraints.
- Impacts of the COVID-19 pandemic.
- Geopolitical uncertainty, including from the conflict in Ukraine.
- Adverse changes to key markets.
- Reliance on a small number of customers.