Sanmina (SANM) Tops Q1 EPS by 21c, Revenues Miss; Offers 2Q EPS/Revenue Outlook

Sanmina (NASDAQ: SANM) reported Q1 EPS of $1.02, $0.21 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.77 billion.

"Fiscal 2021 is off to a good start. Our continued focus on driving operational efficiencies and ability to provide increased value to our customers are evident in our solid financial results for the quarter," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

"Our outlook for the second quarter reflects relatively stable demand across our customer base and takes into account typical seasonality. We remain focused on new and innovative solutions for our customers and growth opportunities that support our long-term financial objectives. As we look ahead, we are committed to executing our growth strategy and delivering greater value to our shareholders."

GUIDANCE:

Sanmina sees Q2 2021 EPS of $0.76-$0.86, versus the consensus of $0.74. Sanmina sees Q2 2021 revenue of $1.65-1.75 billion, versus the consensus of $1.71 billion.

Second Quarter Fiscal 2021 OutlookThe following outlook is for the first fiscal quarter ending April 3, 2021. These statements are forward-looking and actual results may differ materially.

• Revenue between $1.65 billion to $1.75 billion
• GAAP diluted earnings per share between $0.63 to $0.73
• Non-GAAP diluted earnings per share between $0.76 to $0.86

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

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