Sanmina Corporation (SANM) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $58.63 million, or $0.89 per share. This compares with $48.02 million, or $0.72 per share, in last year's first quarter.
Excluding items, Sanmina Corporation reported adjusted earnings of $71.27 million or $1.08 per share for the period.
Analysts on average had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Revenue came in at $1.76 billion, equal to the mark posted in the same period last year.
Sanmina Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $58.63 Mln. vs. $48.02 Mln. last year.-EPS (Q1): $0.89 vs. $0.72 last year.-Analyst Estimate: $0.95-Revenue (Q1): $1.76 Bln vs. $1.76 Bln last year.
-Guidance:Next quarter EPS guidance: $0.95 - $1.05Next quarter revenue guidance: $1.7 - $1.8 Bln
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.