Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Sanmina's Q3 Fiscal 2022 Financial Results
August 2, 2022 | Sanmina Corp.Estimated reading time: 1 minute
Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the fiscal third quarter ended July 2, 2022 and outlook for its fiscal fourth quarter ending October 1, 2022.
Third Quarter Fiscal 2022 Financial Highlights
- Revenue: $2.02 billion
- GAAP operating margin: 4.7%
- GAAP diluted EPS: $1.29
- Non-GAAP(1) operating margin: 5.5%
- Non-GAAP diluted EPS: $1.30
Additional Third Quarter Highlights
- Cash flow from operations: $102 million
- Free cash flow: $65 million
- Share repurchases: 3.1 million for approximately $124 million
- Ending cash and cash equivalents: $493 million
- Non-GAAP pre-tax ROIC: 31.6%
"I am pleased with our strong results for the third fiscal quarter. Revenue was up 5.6 percent sequentially and non-GAAP earnings per share increased 14.4 percent. Revenue exceeded our outlook driven by strong demand from all our end-markets coupled with the excellent job our team did to secure supply. Solid execution, favorable mix and operating leverage contributed to our strong non-GAAP operating margin of 5.5 percent for the quarter," stated Jure Sola, Chairman and Chief Executive Officer. "I am pleased with our continued operational and financial execution which further strengthens our value proposition to our customers and shareholders."
"As we look to our fourth quarter we continue to see strong demand from our customers. Based on our fourth quarter outlook, we expect fiscal year 2022 revenue growth of approximately 14 percent," concluded Sola.
Fourth Quarter Fiscal 2022 Outlook
The following outlook is for the fiscal fourth quarter ending October 1, 2022. These statements are forward-looking and actual results may differ materially.
- Revenue between $1.95 billion to $2.05 billion
- GAAP diluted earnings per share between $1.09 to $1.19
- Non-GAAP diluted earnings per share between $1.27 to $1.37
Share on:
Suggested Items
North American PCB Industry Shipments Down 3.1% in March
04/28/2025 | IPCIPC announced the March 2025 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.24.
Mycronic Posts Interim Report January-March 2025
04/25/2025 | MycronicMycronic announced its interim report for the period of January to March 2025, revealing a strong performance in the first quarter. The company reported significant increases in order intake and net sales, alongside a healthy EBIT margin.
Infineon Bolsters Global Lead in Automotive Semiconductors with Number One Position in Microcontrollers Driving this Success
04/07/2025 | InfineonInfineon Technologies AG bolsters its global and regional market leadership positions in automotive semiconductors, including its very strong position in microcontrollers.
Connected Commercial Drone Market to Reach $37.3 Billion Worldwide by 2029
04/04/2025 | Berg InsightBerg Insight, a leading IoT market research provider, today released a new report covering connected commercial drones used for industrial and governmental purposes.
IPC Releases March 2025 Global Sentiment of the Electronics Manufacturing Supply Chain Report
04/02/2025 | IPCThis past March, electronics industry demand strengthened to its highest level in nearly a year, indicating strong expansion in customer and manufacturing activity according to IPC’s [IPC-Current-Sentimen-Global-EMSChain0525.pdf] March Sentiment of the Global Electronics Manufacturing Supply Chain Report.