NASDAQ$SANM

Sanmina Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Sanmina's financial performance improved due to growth in the industrial, medical, defense, and automotive segment, and solid execution and ability to expand the non-GAAP operating margin and non-GAAP earnings per share on a sequential basis, as well as generate free cash flow.

Sanmina reported first quarter fiscal 2022 financial results with revenue of $1.76 billion, GAAP diluted EPS of $0.89, and non-GAAP diluted EPS of $1.08. The company saw growth in the industrial, medical, defense, and automotive segment and generated free cash flow.

  • Revenue was $1.76 billion.
  • GAAP operating margin was 4.6%.
  • GAAP diluted EPS was $0.89.
  • Non-GAAP diluted EPS was $1.08.

Headline financials

Total Revenue

$1.76B

Previous: $1.76B+0.1%
EPS (adj)

$1.08

Previous: $1.02+5.9%
Non-GAAP Op Margin

5.0%

No prior period
Capital Expenditures

-$25.4M

Previous: -$11.2M-126.8%
Free Cash Flow

$33.3M

Previous: $36.8M-9.7%
Net Income

$58.6M

Previous: $48M+22.1%
Operating Income

$81.4M

Previous: $75.6M+7.8%
Gross Profit

$144M

Previous: $141M+2.3%
Cash & Equivalents

$628M

Previous: $516M+21.6%
Total Assets

$4.5B

Previous: $3.78B+19.1%
Stock-Based Comp

$9.03M

Previous: $8.21M+10.0%

Revenue & EPS history

Sanmina · Revenue · Quarterly

$1.76B

Q1 2022+0.1%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The following outlook is for the fiscal second quarter ending April 2, 2022. Supply chain challenges are expected to continue.

Headwinds

  • Adverse changes to the key markets we target.
  • Significant uncertainties that can cause our future sales and net income to be variable.
  • Reliance on a small number of customers for a substantial portion of our sales.
  • Risks arising from our international operations.
  • Ongoing impacts of the COVID-19 pandemic, which include disruptions to the supply chain that have prevented the company from shipping all products for which there is demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.2%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.8%

Avg return

30 days after

57%

38 / 67 earnings

Positive

+29.0%

Q1 2024

Best reaction

-21.6%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+14.7%+18.8%+39.9%
Q1 2026-21.6%-22.4%-11.6%
Q4 2025+16.6%+21.4%+14.6%
Q3 2025-2.8%-5.2%-5.5%
Q2 2025-2.1%-0.6%+4.0%
Q1 2025+3.2%+6.6%+4.3%
Q4 2024+4.3%+16.7%+11.4%
Q3 2024-1.0%-12.5%-8.0%
Q2 2024-3.7%-1.9%+6.2%
Q1 2024+29.0%+21.5%+23.9%
Q4 2023-15.2%-10.6%-8.2%
Q3 2023-3.7%-7.8%-7.3%
Q2 2023-5.3%-7.3%+3.9%
Q1 2023+8.3%+11.5%+8.4%
Q4 2022+13.8%+17.6%+11.1%
Q3 2022+5.7%+8.4%+5.4%
Q2 2022+5.8%-0.2%+6.9%
Q1 2022+9.6%+7.0%+10.4%
Q4 2021-8.2%-7.1%-10.4%
Q3 2021-0.7%+0.4%+2.7%
Q2 2021-1.4%+2.8%+3.6%
Q1 2021+2.1%+6.0%+15.1%
Q4 2020+8.2%+12.4%+12.4%
Q3 2020+18.2%+18.2%+13.5%
Q2 2020+0.8%+0.0%+5.6%
Q1 2020-2.7%-7.1%-20.8%
Q4 2019-2.3%-1.8%+3.2%
Q3 2019+2.3%-4.0%-13.5%
Q2 2019+14.4%+15.5%-7.2%
Q1 2019+16.6%+14.3%+17.2%
Q4 2018+7.3%+12.5%+18.3%
Q3 2018-1.0%-0.2%+6.3%
Q2 2018+15.0%+7.8%+7.6%
Q1 2018-5.0%-3.8%-1.3%
Q4 2017-16.2%-15.4%-11.0%
Q3 2017-9.4%-13.7%-13.4%
Q2 2017+0.4%-3.5%-3.8%
Q1 2017+5.8%+9.9%+9.0%
Q4 2016+1.4%+1.4%+17.7%
Q3 2016-14.0%-11.7%-7.7%
Q2 2016+10.0%
Q1 2016+10.6%
Q4 2015+19.9%
Q3 2015+12.4%
Q2 2015-10.6%
Q1 2015-9.0%
Q4 2014+25.8%
Q3 2014+6.4%
Q2 2014+16.9%
Q1 2014+9.6%
Q4 2013-12.5%
Q3 2013+5.5%
Q2 2013+16.8%
Q1 2013-21.6%
Q4 2012+16.8%
Q3 2012+7.2%
Q2 2012+5.7%
Q1 2012+3.7%
Q4 2009-9.6%
Q4 2011-9.6%
Q3 2010-14.8%
Q3 2011-14.8%
Q2 2011+5.0%
Q2 2010+5.0%
Q1 2010-5.4%
Q4 2010-5.4%
Q1 2011-5.4%

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