© Reuters
Sanmina (SANM) announced its , with EPS of $1.59 above the consensus estimate of $1.55. Revenue was $2.32 billion, beating consensus of $2.25 billion.
“We delivered strong revenue and earnings results for the second quarter, reflecting the continued improvement in the supply chain environment coupled with excellent operational execution by our team to meet the customer demand,” said CEO Jure Sola.
For Q3/23, the company expects EPS between $1.50 and $1.60, versus consensus of $1.55. Revenue is estimated at $2.2-2.3 billion, versus consensus of $2.23 billion.
Additionally, the company announced a buyback of up to an additional $200 million of its common stock. As of April 1, 2023, approximately $164 million remains available under a previously authorized program.
