Sanmina Announces Q1 Financial Results
SAN JOSE, Calif. — Sanmina Corporation, a leading integrated manufacturing solutions company, today reported financial results for the fiscal first quarter ended December 31, 2022 and outlook for its fiscal second quarter ending April 1, 2023.
First Quarter Fiscal 2023 Financial Highlights
Additional First Quarter Highlights
(1)Non-GAAP financial measures exclude charges or gains relating to: stock-based compensation expenses; restructuring costs (including employee
“We delivered a strong first quarter. Revenue was up 7.2 percent sequentially, non-GAAP operating margin expanded 20 basis points and non-GAAP earnings per share increased 9.5 percent. Demand from new and existing programs coupled with solid execution by our team were the key drivers to improvements in our financial performance,” stated Jure Sola, Chairman and Chief Executive Officer. “While we are pleased with our recent results, we continue to believe there is opportunity to further improve our business model over the long-term.”
Second Quarter Fiscal 2023 Outlook
The following outlook is for the fiscal second quarter ending April 1, 2023. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.2 billion to $2.3 billion
- GAAP diluted earnings per share between $1.30 to $1.40
- Non-GAAP diluted earnings per share between $1.50 to $1.60