Tue, Jul. 21, 9:15 AM
Mon, Jul. 20, 5:39 PM
Mon, Jul. 20, 4:12 PM
- Sanmina (NASDAQ:SANM) has jumped to $20.80 AH after beating FQ3 estimates and issuing strong FQ4 guidance: Revenue of $1.55B-$1.65B and EPS of $0.52-$0.58, above a consensus of $1.56B and $0.53 at the midpoints.
- Financials: FQ3 gross margin fell 10 bps Y/Y to 7.8%. SG&A spend fell 5% Y/Y to $59.7M (boosted EPS). R&D spend rose 6% to $8.3M. $47.7M was spent on buybacks (also lifted EPS). Sanmina ended FQ3 with $417M in cash, and $432M in debt.
- FQ3 results, PR
Tue, Apr. 21, 12:47 PM
Tue, Apr. 21, 9:22 AM
Mon, Apr. 20, 5:38 PM
Mon, Apr. 20, 5:04 PM
- In addition to missing FQ2 estimates, Sanmina (NASDAQ:SANM) is guiding for FQ3 revenue of $1.5B-$1.55B and EPS of $0.48-$0.52, below a consensus of $1.64B and $0.56.
- The contract manufacturer attributes the outlook to "continued headwind in our communications networks segment." Industrial, medical, and defense sales are expected to grow.
- Op. margin (non-GAAP) rose 10 bps Y/Y to 3.7%. $21.6M was spent to buy back 1M shares. Sanmina ended FQ2 with $407.7M in cash, and $470M in debt.
- Shares have tumbled to $20.75 AH.
- FQ2 results, PR
Tue, Apr. 14, 12:02 PM
Tue, Apr. 7, 3:18 PM
- Today's notable tech gainers include privileged account protection software leader CyberArk (CYBR +7.5%), seismic hardware provider Geospace (GEOS +10.5%), M2M hardware/4G router provider Novatel (MIFI +8.4%), Chinese auto site Autohome (ATHM +5.5%), cloud revenue management software provider ServiceSource (SREV +5.4%), and unstructured data management software vendor Varonis (VRNS +4.9%). The Nasdaq is up 0.3%.
- There are fewer major decliners. Notable ones include RF chipmaker Qorvo (QRVO -3.5%), contract manufacturer Sanmina (SANM -3.4%), and IP licensing firm Worlds (OTCQB:WDDD -10.7%).
- Volatile CyberArk has risen to its highest levels since early March, two week before a lockup expired. Geospace, buoyed by rising oil prices, is up 22% over the last two days. ServiceSource's gains follow the naming of a new CFO.
- Qorvo's decline come in spite of a target hike (to $95 from $87) by Brean; the firm argues growing Chinese phone exports and rising RF chip content are offsetting domestic Chinese softness for Qorvo and peers.
- Previously covered: Twitter, FireEye, DragonWave, Axcelis, IGT, Marketo, 500.com, InPhi, Demandware, Splunk, Informatica
Fri, Mar. 13, 9:39 AM
- Goldman has upgraded Flextronics (FLEX +1.3%) to Neutral and fellow contract manufacturer Sanmina (SANM +2.9%) to Buy. Its targets have respectively been hiked to $12 and $26.
- Regarding Flextronics, Goldman argues demand from telecom infrastructure clients (pressured lately by weak carrier capex) is bottoming. Consumer hardware sales were a strong point for the company in calendar Q4.
Tue, Jan. 27, 12:40 PM
Mon, Jan. 26, 5:36 PM
Mon, Jan. 26, 4:55 PM| Comment!
Oct. 28, 2014, 12:46 PM
Oct. 27, 2014, 5:14 PM
- Sanmina (NASDAQ:SANM) expects FQ1 revenue of $1.65B-$1.7B and EPS of $0.55-$0.60, above a consensus of $1.58B and $0.49.
- Gross margin rose 10 bps Y/Y in FQ4 to 7.8%. GAAP opex -1% to $70.1M.
- Rival Flextronics (NASDAQ:FLEX) is getting an AH lift from Sanmina's numbers. Its FQ2 report arrives on Wednesday.
- FQ4 results, PR
Oct. 27, 2014, 4:14 PM
SANM vs. ETF Alternatives
Sanmina Corp manufactures solutions, components, products and repair, logistics and after-market services. It provides these comprehensive offerings to original equipment manufacturers, or OEMs in communications networks, computing & storage.
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