NASDAQ$SANM

Sanmina Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Sanmina's financial performance was solid in the second quarter of fiscal year 2021, despite supply chain constraints and seasonality.

Sanmina reported solid financial results for the second fiscal quarter, driven by broad end-market demand, favorable mix, and operational execution. The company's revenue reached $1.7 billion, with a GAAP EPS of $0.70 and a non-GAAP EPS of $1.01.

  • Achieved $1.7 billion in revenue, meeting the midpoint of the outlook.
  • GAAP operating margin was 3.8 percent.
  • GAAP diluted EPS was $0.70.
  • Non-GAAP diluted EPS exceeded outlook at $1.01.

Headline financials

Total Revenue

$1.7B

Previous: $1.59B+6.9%
EPS (adj)

$1.01

Previous: $0.32+215.6%
Cash Flow from Ops

$81M

No prior period
Non-GAAP Op Margin

5.0%

No prior period
Capital Expenditures

-$25.5M

Previous: -$45.1M+43.4%
Free Cash Flow

$21.5M

Previous: -$40.2M+153.5%
Net Income

$47M

Previous: $4.88M+863.5%
Operating Income

$64.7M

Previous: $24.4M+165.6%
Gross Profit

$143M

Previous: $107M+33.2%
Cash & Equivalents

$575M

Previous: $1.11B-48.4%
Total Assets

$3.77B

Previous: $4.36B-13.5%
Stock-Based Comp

$9.22M

Previous: $7.78M+18.5%

Revenue & EPS history

Sanmina · Revenue · Quarterly

$1.7B

Q2 2021+6.9%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The third quarter outlook reflects strong demand across Sanmina's customer base, while considering current supply constraints and the COVID-19 pandemic.

Tailwinds

  • Strong demand across customer base
  • Focus on fundamentals
  • Quality of customer relationships
  • Confidence in long-term financial prospects

Headwinds

  • Supply chain constraints
  • COVID-19 pandemic impacts
  • Reduced demand from customers
  • Supply chain interruptions
  • Health risks for employees

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 Q2 2021

Historical avgQ2 2021

+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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