Sanmina (NASDAQ:SANM) reported its Q2 earnings results on Thursday, May 11, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Sanmina beat estimated earnings by 2.58%, reporting an EPS of $1.59 versus an estimate of $1.55.
Revenue was up $408.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.19 which was followed by a 9.7% increase in the share price the next day.
Here’s a look at Sanmina’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.45 | 1.33 | 1.11 | 1.01 |
| EPS Actual | 1.64 | 1.50 | 1.30 | 1.14 |
| Revenue Estimate | 2.15B | 2.01B | 1.88B | 1.76B |
| Revenue Actual | 2.36B | 2.20B | 2.02B | 1.91B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sanmina management provided guidance for Q3 2023, expecting earnings between $1.5 and $1.6 per share.
To track all earnings releases for Sanmina visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
