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Sanmina Corp (NASDAQ:SANM) shares are moving higher in extended trading on Monday on the heels of the company’s fiscal second-quarter results. Here’s what you need to know from the report.
- Sanmina shares are testing new highs. Why did SANM hit a new high?
Sanmina Q2 Highlights
- Q2 Revenue: $4.01 billion, versus estimates of $3.29 billion
- Q2 Adjusted EPS: $3.16, versus estimates of $2.40
Sanmina generated $399 million in cash flow from operations and $342 million in free cash flow during the quarter. The company ended the period with $1.58 billion in cash and cash equivalents.
“ZT Systems revenue significantly exceeded our expectations, driven by strong execution and customer demand, resulting in …
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