SAN JOSE, CA – Sanmina announced revenues of $2.36 billion for its first fiscal quarter.
Looking forward to the next quarter, the company projects revenue between $2.2 billion and $2.3 billion.
"We delivered a strong first quarter. Revenue was up 7.2 percent sequentially, non-GAAP operating margin expanded 20 basis points and non-GAAP earnings per share increased 9.5 percent. Demand from new and existing programs coupled with solid execution by our team were the key drivers to improvements in our financial performance," said Sanmina Chairman and CEO Jure Sola. "While we are pleased with our recent results, we continue to believe there is opportunity to further improve our business model over the long-term."