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Sanmina Reports Fiscal Q3 Revenue Up 7.4%

Published: 22 July 2014
 by Chelsey Drysdale

SAN JOSE – Sanmina reported fiscal third-quarter revenue ended June 28 of $1.6 billion, up 7.4% year-over-year, and up 8.1% sequentially. 

GAAP net income for the quarter was $20.7 million, up 10.7% compared to the fiscal third quarter of 2013.

GAAP operating income for the period was $53.3 million, or 3.3% of revenue, compared to $35.7 million, or 2.4% of revenue, for the same period ended June 29, 2013.

"Each of our end-market segments grew on a sequential basis, with notable performance from our industrial, medical and defense segment," stated Jure Sola, chairman and CEO of Sanmina.

The firm expects revenue between $1.6 billion and $1.65 billion for the fiscal fourth quarter.



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