NASDAQ$SANM

Sanmina Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Sanmina's revenue grew and exceeded expectations for revenue, margin, and EPS.

Sanmina reported a 4% revenue increase over the prior quarter, exceeding expectations for revenue, margin, and earnings per share, despite challenges from COVID-19 and the macroeconomic environment.

  • Revenue grew 4% over the prior quarter.
  • Exceeded expectations for revenue, margin and earnings per share.
  • Challenges associated with COVID-19 and the macroeconomic environment were navigated.
  • Leadership team and employees controlled expenses while meeting commitments and customer demands.

Headline financials

Total Revenue

$1.65B

Previous: $2.03B-18.4%
EPS (adj)

$0.86

Previous: $0.82+4.9%
Capital Expenditures

-$54.8M

Previous: -$102M+46.3%
Free Cash Flow

-$9.91M

Previous: -$59.1M+83.2%
Net Income

$44.9M

Previous: $42.9M+4.6%
Operating Income

$64.1M

Previous: $67.4M-4.9%
Gross Profit

$131M

Previous: $148M-11.0%
Cash & Equivalents

$1.12B

Previous: $414M+169.7%
Total Assets

$4.47B

Previous: $4.02B+11.3%
Stock-Based Comp

$7.35M

Previous: $8.14M-9.6%

Revenue & EPS history

Sanmina · Revenue · Quarterly

$1.65B

Q3 2020-18.4%vs Q3 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The following outlook for the fourth fiscal quarter ending October 3, 2020 takes into account any additional revenue and expenses associated with a 14 week quarter. These statements are forward-looking and actual results may differ materially.

Headwinds

  • Ongoing impacts of the COVID-19 pandemic, which have reduced demand from our customers
  • Supply chain interruptions
  • Health risks for our employees
  • Restrictions on where we can build products
  • Levels of staffing at our plants and the types of products we can build for our customers

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 Q3 2020

Historical avgQ3 2020

+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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