Quarterly ResultApr 27, 2026, 04:09 PM
SANM Q2 Revenue $4.01B, Non-GAAP EPS $3.16; $600M Buyback Authorized
AI Summary
Sanmina Corporation reported strong financial results for the second quarter of fiscal year 2026, with revenue of $4.01 billion and non-GAAP diluted EPS of $3.16, both exceeding outlook. The company saw significant revenue from ZT Systems and 7.3% year-over-year growth in core Sanmina. Additionally, the Board of Directors authorized a new $600 million share repurchase program, reflecting a strong balance sheet and free cash flow generation. Sanmina also provided an updated fiscal year 2026 revenue outlook of $13.7 billion to $14.3 billion.
Key Highlights
- Q2 FY2026 Revenue: $4.01 billion
- Q2 FY2026 GAAP Diluted EPS: $1.70
- Q2 FY2026 Non-GAAP Diluted EPS: $3.16
- Q2 FY2026 Non-GAAP Operating Margin: 6.4%
- Cash flow from operations: $399 million; Free cash flow: $342 million
- Board authorized new $600 million share repurchase program
- Repurchased 1.1 million shares for $160 million in Q2 FY2026
- FY2026 Revenue Outlook: $13.7 billion to $14.3 billion