Today's Presenters Certain statements made during this presentation concerning our financial outlook for the third quarter fiscal 2023 and cost overruns under certain contracts for one of our divisions and the resultant pending restatement of certain prior period financial result constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a resu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-21272 Sanmina Corporation (Exact name of registrant as specified in its charter) DE 77-0228183 (State or other jurisdiction o ...

Non-GAAP Pre-Tax ROIC * Non-GAAP cost of sales excludes the same items that are excluded from the calculation of non-GAAP gross margin. 9 | --- | --- | |----------------------|-------------------| | | Q2'23 | | Revenue: | $2.2B - $2.3B | | GAAPDiluted EPS: | $1.30 - $1.40 | | Non-GAAPDiluted EPS: | $1.50 - $1.60 | The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings presentation, whether as a result ...

Sanmina Corporation (NASDAQ:SANM) Q1 2023 Earnings Conference Call January 30, 2023 5:00 PM ET Company Participants Paige Melching - Senior Vice President of Investor Communications Jure Sola - Chairman & Chief Executive Officer Kurt Adzema - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Suva - Citigroup Anja Soderstrom - Sidoti Operator Hello, and welcome to the Sanmina Corporation's First Quarter 2023 Earnings Conference Call. All participants will be in listen-only ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 1, 2022 or Commission File Number 0-21272 Sanmina Corporation ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . (Exact name of registrant as specified in its charter) DE 77-0228183 (State or other jurisdiction of incorpor ...

Financial Data and Key Metrics Changes - Q4 revenue reached $2.2 billion, a substantial increase of approximately 9.1% from the prior quarter, exceeding the outlook of $1.95 billion to $2.05 billion [16] - Non-GAAP gross margin was 8.3%, slightly down from 8.4% in the prior quarter, while non-GAAP operating margin improved to 5.6% from 5.5% [17] - Non-GAAP fully diluted earnings per share grew approximately 15% to $1.50 compared to $1.30 in the prior quarter, exceeding the upper end of the outlook by $0.13 [17] - Fiscal 2022 revenue was $7.9 billion, a growth rate of 16.8% compared to $6.8 billion in fiscal 2021 [21] - Operating margins improved from 4.9% in fiscal 2021 to 5.3% in fiscal 2022, with earnings per share growing from $3.97 to $4.99, a growth rate of over 25% [21][29] Business Line Data and Key Metrics Changes - Q4 IMS revenue increased to $1.8 billion, a 10.8% increase over the prior quarter, driven by strong customer demand [19] - Component products and services revenue grew to $447 million, approximately 4.4%, with non-GAAP gross margin for CPS remaining flat at 11.9% [20] - For fiscal 2022, revenue from Industrial, Medical, Defense, and Automotive was $4.7 billion, growing 21.2% year-over-year [31] Market Data and Key Metrics Changes - Revenue from Industrial, Medical, and Automotive markets was $1.288 billion, growing 5.7% quarter-over-quarter [30] - Communication Networks and Cloud Infrastructure revenue was $915 million, with a quarter-over-quarter growth of 14.2% [30] - Book-to-bill ratio for fiscal year 2022 was strong at 1.05:1, indicating solid demand and backlog [31] Company Strategy and Development Direction - The company is focused on high-technology mission-critical markets and plans to build a world-class engineering and manufacturing company in India through a joint venture with Reliance [14][15] - The strategy emphasizes customer-centric operations, leveraging deep technical market expertise and superior performance [32] - The company aims to diversify its end markets and expand in sectors requiring greater technical capabilities, such as renewable energy and medical devices [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand across customer bases despite ongoing supply chain challenges [24][26] - The outlook for Q1 2023 anticipates revenue in the range of $2.1 billion to $2.2 billion, with non-GAAP gross margin expected between 8.1% and 8.6% [24] - Management is optimistic about fiscal year 2023, expecting improvements in revenue and margins driven by operational efficiencies and new programs [43][44] Other Important Information - The company has a healthy balance sheet with cash and cash equivalents of $530 million and approximately $1.4 billion in liquidity [22] - Cash flow from operations was $82 million in Q4 and $331 million for fiscal 2022, with free cash flow of $34 million in Q4 and $201 million for the year [23] Q&A Session Summary Question: Concerns about capital allocation strategy and sustainability of share buybacks - Management clarified that capital allocation priorities focus primarily on funding organic growth, with share buybacks being opportunistic [52] Question: Expectations for operating expenses growth in fiscal 2023 - Management expects operating expenses as a percentage of revenue to decrease, indicating leverage despite potential nominal increases [55] Question: Year-over-year revenue growth expectations - Management is optimistic about revenue growth, emphasizing strong visibility and demand across markets [59] Question: Backlog and order visibility - Management confirmed strong backlog and customer forecasts, indicating confidence in meeting demand [68] Question: Changes in customer sentiment and competitive environment - Management noted stable sentiment in key markets, with no significant changes in competitive dynamics [71][72] Question: CapEx guidance for fiscal 2023 - Management expects CapEx to remain in the range of $50 million, driven by growth opportunities [76] Question: Joint venture in India and its potential - Management expressed high hopes for the joint venture, anticipating significant revenue growth over time [89][91]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Sanmina Corporation Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-21272 (Exact name of registrant as specified in its charter) DE 77-0228183 (State or other jurisdiction of (I. ...

Financial Data and Key Metrics Changes - Q3 revenue reached $2.02 billion, a substantial increase of approximately 5.6% from the prior quarter, exceeding the high-end of the outlook range [17] - Non-GAAP gross margin improved to 8.4% from 8.1% in the prior quarter, driven by higher revenues and a favorable product mix [18] - Non-GAAP operating margin increased to 5.5% compared to 5% in the prior quarter, attributed to improved gross margins and operating expense leverage [19] - Non-GAAP fully diluted earnings per share grew by approximately 14.4% to $1.30, surpassing the upper end of the outlook range [19] - Cash flow from operations was $102 million, and free cash flow was $65 million, indicating strong cash generation [24] Business Line Data and Key Metrics Changes - Q3 IMS revenue increased to $1.625 billion, a 4.3% rise over the prior quarter, driven by strong customer demand [21] - Non-GAAP gross margin for IMS improved to 7.3% from 7% in the prior quarter [22] - Components Products and Services revenue grew significantly to $428 million, with non-GAAP gross margin remaining flat at 11.9% [22] Market Data and Key Metrics Changes - Communication networks and cloud infrastructure accounted for 40% of revenue, growing approximately 6% quarter-over-quarter and 14% year-over-year [36] - Industrial, Medical, Defense, and Automotive markets represented approximately 60% of revenue, with a year-over-year growth of 27.2% [37] - Book-to-bill ratio for Q3 was 1.07:1, indicating strong bookings and a solid pipeline of new opportunities [38] Company Strategy and Development Direction - The company is focused on profitable growth, emphasizing high-complexity products in heavily regulated markets [46][49] - Sanmina aims to invest more in unique capabilities to drive margin expansion over the next 12 to 18 months [76] - The company is well-positioned to manage through economic challenges, with a strong balance sheet and diversified customer base [47][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand across all end markets, with expectations for continued revenue growth in fiscal year 2023 [42][86] - Supply chain challenges remain, but improvements are anticipated, particularly in semiconductor components [34][105] - The company is prepared for potential recessionary conditions, focusing on execution and customer relationships [44][90] Other Important Information - Cash and cash equivalents stood at $493 million, with total liquidity of approximately $1.3 billion [23] - The company repurchased approximately 3.1 million shares during Q3, with $188 million remaining in share repurchase authorization [25] Q&A Session Summary Question: Strength in communications end market - Management indicated that networking and optical segments were strong, with good performance in 5G as well [56] Question: Year-on-year revenue comparisons for 2023 - Management expects solid performance in the first half of 2023, projecting higher absolute dollars compared to 2022 [60] Question: Inventory growth and cash conversion cycle - Inventory is expected to grow slightly more in the next quarters due to purchasing parts amid supply constraints, but should level off eventually [62] Question: Sustainability of operating margins - Management believes operating margins can remain in the 5% to 6% range, with potential for improvement as supply chain efficiencies increase [70][72] Question: Uses of cash flow - The focus will be on organic growth, investing in capabilities, and opportunistic share repurchases [78][79] Question: Clarity on bookings and backlog - Management reported strong demand and a solid backlog, with optimism for continued revenue growth in 2023 [84][86] Question: Components shortages and market resilience - Management acknowledged ongoing component shortages but emphasized that inventory is driven by customer requirements, indicating confidence in demand [92][94]

Q3 FY'22 Financial Results August 1, 2022 Today's Presenters Jure Sola Chairman & CEO Kurt Adzema EVP & CFO S A N M I N A Safe Harbor Statement Certain statements made during this presentation, including our outlook for the fourth quarter and fiscal year 2022 constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of fac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 2, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-21272 Sanmina Corporation (Exact name of registrant as specified in its charter) DE 77-0228183 (State or other jurisdiction of (I ...