Sanmina (SANM) Tops Q2 EPS by 18c; Offers 3Q EPS/Revenues Guidance

Sanmina (NASDAQ: SANM) reported Q2 EPS of $1.01, $0.18 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.71 billion.

"We achieved solid financial results for the second fiscal quarter, despite the challenges associated with supply chain constraints and the typical seasonality. This performance was driven by broad end-market demand, favorable mix and operational execution. I commend our employees for their commitment to deliver on our customers' expectations," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

"Our third quarter outlook reflects strong demand across our customer base while taking into account our current understanding of the supply constraints facing the industry and the COVID-19 pandemic. Our focus on fundamentals, coupled with the quality of our customer relationships, gives us confidence in the long-term financial prospects of our company."

GUIDANCE:

Sanmina sees Q3 2021 EPS of $0.84-$0.94, versus the consensus of $0.84. Sanmina sees Q3 2021 revenue of $1.675-1.775 billion, versus the consensus of $1.73 billion.

For earnings history and earnings-related data on Sanmina (SANM) click here.

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