Sanmina (SANM) Tops Q1 EPS by 10c, Revenues Beat; Provides Q2 EPS/Revenue Outlook

Sanmina (NASDAQ: SANM) reported Q1 EPS of $0.79, $0.10 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.77 billion.

"We are pleased with our results for the first quarter. Revenue and non-GAAP earnings per share exceeded the high-end of our outlook. Our focus on operational execution and financial discipline is evident in our results," stated Hartmut Liebel, Chief Executive Officer. "We remain focused on driving profitable revenue growth, lean, high-performance manufacturing processes and cash generation."

GUIDANCE:

Sanmina sees Q2 2020 EPS of $0.65-$0.75, versus the consensus of $0.70. Sanmina sees Q2 2020 revenue of $1.7-1.8 billion, versus the consensus of $1.79 billion.

The following outlook is for the second fiscal quarter ended March 28, 2020. The anticipated sequential revenue decline in the second fiscal quarter is primarily the result of seasonality. These statements are forward-looking and actual results may differ materially.

• Revenue between $1.70 billion to $1.80 billion
• GAAP diluted earnings per share between $0.53 to $0.63
• Non-GAAP diluted earnings per share between $0.65 to $0.75

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

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