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Oct 03, 2020
Sanmina Q4 2020 Earnings Report
Sanmina's Q4 2020 financial results were reported, highlighting a revenue increase and strong financial performance.
Key Takeaways
Sanmina reported strong financial results for the fourth quarter of fiscal year 2020, with revenue up 13.3% over the prior quarter. The company's EPS exceeded outlook, and it generated solid free cash flow. The company remains focused on delivering mission-critical products, technologies, and services.
Revenue increased by 13.3% compared to the previous quarter.
Operating margin expanded during the quarter.
EPS exceeded the company's outlook.
Generated solid free cash flow.
Sanmina
Sanmina
Forward Guidance
For the first quarter of fiscal year 2021, the company provided an outlook, but actual results may differ materially due to the ongoing impacts of the COVID-19 pandemic and other factors.
Challenges Ahead
- The ongoing impacts of the COVID-19 pandemic have reduced demand from customers.
- Supply chain interruptions caused by the pandemic.
- Health risks for employees due to the pandemic.
- Potential restrictions on where products can be built.
- Uncertainties that can cause future sales and net income to be variable.