NASDAQ$SANM

Sanmina Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of fiscal year 2022, exceeding revenue and non-GAAP EPS outlooks.

Sanmina reported strong second-quarter financial results, driven by strong demand across end-markets and solid execution. Revenue exceeded expectations, and non-GAAP EPS saw growth. The company remains committed to revenue and non-GAAP earnings per share growth and solid cash generation for fiscal 2022.

  • Revenue was $1.91 billion, exceeding the outlook.
  • GAAP operating margin was 4.3%.
  • GAAP diluted EPS was $0.83.
  • Non-GAAP diluted EPS was $1.14, exceeding the outlook.

Headline financials

Total Revenue

$1.91B

Previous: $1.7B+12.5%
EPS (adj)

$1.14

Previous: $1.01+12.9%
Capital Expenditures

-$52.7M

Previous: -$25.5M-106.1%
Free Cash Flow

$570K

Previous: $21.5M-97.3%
Net Income

$53.2M

Previous: $47M+13.1%
Operating Income

$82.2M

Previous: $64.7M+27.0%
Gross Profit

$152M

Previous: $143M+6.5%
Cash & Equivalents

$560M

Previous: $575M-2.7%
Total Assets

$4.65B

Previous: $3.77B+23.3%
Stock-Based Comp

$9.33M

Previous: $9.22M+1.1%

Revenue & EPS history

Sanmina · Revenue · Quarterly

$1.91B

Q2 2022+12.5%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The outlook is for the fiscal third quarter ending July 2, 2022. Actual results may differ materially due to ongoing supply chain constraints, the impacts of the COVID-19 pandemic, and geopolitical uncertainty, including the conflict in Ukraine.

Headwinds

  • Ongoing supply chain constraints.
  • Impacts of the COVID-19 pandemic.
  • Geopolitical uncertainty, including the conflict in Ukraine.
  • Adverse changes to the key markets we target.
  • Reliance on a small number of customers for a substantial portion of our sales.

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 2022

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro