Sanmina Reports Second Quarter Fiscal 2015 Results
SAN JOSE, Calif., April 20, 2015 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ GS: SANM), a leading integrated manufacturing solutions company, today reported financial results for the second fiscal quarter ended March 28, 2015.
Second Quarter Fiscal 2015 Summary
Revenue of $1.53 billion
GAAP operating margin of 3.3 percent
GAAP diluted earnings per share of $0.17
Non-GAAP(1) operating margin of 3.7 percent
Non-GAAP(1) diluted earnings per share of $0.50
Revenue for the second quarter was $1.53 billion, compared to $1.67 billion in the prior quarter and $1.48 billion for the same period of fiscal 2014.
GAAP operating income in the second quarter was $49.7 million or 3.3 percent of revenue, compared to $45.3 million or 3.1 percent of revenue for the same period ended March 29, 2014. GAAP net income in the second quarter was $14.7 million, compared to $20.8 million for the same period a year ago. GAAP diluted earnings per share for the quarter were $0.17, compared to $0.24 in the second quarter of fiscal 2014.
Non-GAAP operating income in the second quarter was $56.6 million or 3.7 percent of revenue, compared to $53.2 million or 3.6 percent of revenue in the second quarter fiscal 2014. Non-GAAP net income in the second quarter was $43.4 million, compared to $38.3 million in the same period a year ago. Non-GAAP diluted earnings per share were $0.50, compared to $0.44 for the same period a year ago.