Sanmina reports Q1 non-GAAP EPS $1.64 vs. $1.48 a year ago

Reports Q1 revenue $2.36B, vs. $1.76B. "We delivered a strong first quarter. Revenue was up 7.2% sequentially, non-GAAP operating margin expanded 20 basis points and non-GAAP earnings per share increased 9.5%. Demand from new and existing programs coupled with solid execution by our team were the key drivers to improvements in our financial performance," stated Jure Sola, Chairman and CEO. "While we are pleased with our recent results, we continue to believe there is opportunity to further improve our business model over the long-term."