Sanmina (SANM) Tops Q3 EPS by 51c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

Sanmina (NASDAQ: SANM) reported Q3 EPS of $0.86, $0.51 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.56 billion.

"I am pleased to report that revenue grew 4% over the prior quarter and that we exceeded our expectations for revenue, margin and earnings per share, despite the continued challenges associated with COVID-19 and the macroeconomic environment," stated Hartmut Liebel, Chief Executive Officer. "I am encouraged by the actions taken by our leadership team and employees to control expenses while continuing to meet our commitments and the demands of our customers."

GUIDANCE:

Sanmina sees Q4 2020 EPS of $0.73-$0.83, versus the consensus of $0.43. Sanmina sees Q4 2020 revenue of $1.73-1.83 billion, versus the consensus of $1.63 billion.

Fourth Quarter Fiscal 2020 Outlook The following outlook for the fourth fiscal quarter ending October 3, 2020 takes into account any additional revenue and expenses associated with a 14 week quarter. These statements are forward-looking and actual results may differ materially.

• Revenue between $1.73 billion to $1.83 billion
• GAAP diluted earnings per share between $0.62 to $0.72
• Non-GAAP diluted earnings per share between $0.73 to $0.83

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

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