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Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the fiscal third quarter ended July 3, 2021 and outlook for its fiscal fourth-quarter ending October 2, 2021.
"The relentless focus and execution from our team enabled us to achieve third quarter non-GAAP operating margin at the high-end and non-GAAP earnings per share exceeded our outlook. Demand remained robust across all of our end-markets; however, the continuing prevalence of the global supply chain constraints impacted our third-quarter revenue," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.
"Our fourth-quarter outlook reflects strong demand across our customer base while taking into account our current estimate of the impact of the ongoing supply constraints. I am confident that our culture of operational agility will enable us to effectively navigate in this dynamic market environment."
Fourth Quarter Fiscal 2021 Outlook
The following outlook is for the fourth fiscal quarter ending October 2, 2021. These statements are forward-looking and actual results may differ materially.
- Revenue between $1.65 billion to $1.75 billion
- GAAP diluted earnings per share between $0.80 to $0.90
- Non-GAAP diluted earnings per share between $0.93 to $1.03
Dr. Ronald C. Lasky, Indium Corp.
It may be difficult to see any bright spots in the current and recent economic situation. We have all experienced the devastation of the pandemic, supply chain issues, and most recently, inflation. However, as a senior technologist for an international materials supplier (Indium Corporation) and a professor of engineering at an Ivy League research university (Dartmouth College), I offer these four silver linings for those of us in the electronics industry.
Chris Peters, USPAE
Events of the past two years have clearly demonstrated the value of strong trading relationships. When materials become constrained, as in the recent microchip shortage or any of the pandemic-driven supply chain snafus, the companies that have those materials have a choice to make. Which customers will be put at the front of the line, and which will be placed at the rear? Too often, company executives assume that since they are a large buyer, they automatically will be prioritized when supplies are constrained. Research has shown that this is not always the case, and that assumption can leave a company in a weakened position.
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