sanmina investor relations

This compares to a gain of $2.0 million in the first quarter. That has been our success formula in the past and I believe it also holds true tomorrow. Christian Schwab -- Craig-Hallum Capital -- Analyst. To set the stage, I think the firm like Sanmina is very much at the center of the COVID-19 crisis. We very much appreciate your long-term support of Sanmina and look forward to speaking you the next time, which will be our Q3 earnings call. Finally, despite the continued impact of COVID-19, we expect to continue to generate free cash flow in the quarter. Investor Relations. Investor Relations Global Contacts Sanmina Corp SANM Morningstar Rating Rating as of Mar 26, 2021. It's -- it's really so widespread. While our Chinese operations are up and running and the Chinese supply chain is improving daily, we still foresee continued impact to our operations in the third quarter and the rest of the world. So there was a lot of great collaboration, but I don't think I would be limited to a particular commodity. There were certain limitations based on government mandates in certain geographies, which prevented Sanmina from optimizing our cost base for the lower revenue levels, which we would do in the normal course. If you now please turn to Slide 4. All events & presentations. While many of Sanmina's products are considered essential and such, are subject to certain exemptions to shelter-in-place and other restrictions, many of these markets were still impacted by the supply chain disruptions caused by COVID-19. [Operator Instructions] And our first question is from the line of Ruplu Bhattacharya from Bank of America. ROCK HILL, South Carolina, February 3, 2020 – 3D Systems (NYSE:DDD) today announced an expanded relationship with Sanmina, a global leader in integrated manufacturing services, to manufacture certain plastic 3D printing platforms. Sanmina Investor Relations at +1.408.964.3610. So when you say flat are all of these end markets more or less trending the same as you saw in the last quarter? At this time, all participants are in a listen-only mode. I hear from our customers they appreciate our transparency and our willingness to share protocols with our customers to improve their very own procedures. We focus on what we can control. But if I look back the last time when there was a big oil crisis, I recall Sanmina had some perceivable collection issues and customers. And on the communications side, I think there are some puts and takes of what -- I think what the end-market of our customers are kind of thinking through. That, combined with a pretty robust bottoms up forecast, we thought that based on -- based on that we feel -- it will be appropriate to give to give our estimate for of what Q3 would look like at this point based on the available information to us. We will continue to be opportunistic in repurchasing shares. With that, let me pass on to Kurt, who will take us through the quarter. Number two, we need a functioning supply base, we may have 99 parts, but without number 100, which might be a golden screw, you cannot fulfill the order. We expect capital expenditures to be around $17 million, while we expect depreciation amortization to be around $28 million. Despite the challenging quarter related to COVID-19, we generated approximately $136 million of cash from operations and approximately $119 million of free cash flow cash. With that Ian, we can open it up for Q&A. On the supply side dynamic issues, can you quantify the difference between or call out any parts that have caused disruption or is it really kind of travel logistics to get them? I would now like to hand the conference over to your first speaker for today, the Senior Vice President of Marketing and Investor Communications, Paige Melching. In general, our non-GAAP information excludes restructuring costs, acquisition and integration costs, non-cash stock-based compensation expense, amortization expense, and other unusual or infrequent items. Thank you for all the details. Some clients have entered into partnerships with local or national carriers to accomplish exactly that. ADVERTISEMENT. By the time the challenges arrived in Europe and the Americas, we had learned a lot and were relatively well prepared. Our outlook for the third quarter is that revenue will be relatively flat in the range of $1.5 billion to $1.6 billion, reflective of the continued impact of COVID-19. Non-GAAP gross margins down to 5.8%. Thank you very much. As you all know, due to the drop in passenger traffic, cargo capacity is greatly reduced and very unbalanced worldwide. As far as Q3 goes, we're going to see a lot of those. Apologies, I was on mute. In turn it gives our customers the confidence to partner up with Sanmina even stronger when things do recover. The company's actual results could differ materially from those projected in the statements as a result of a number of factors. This was primarily due to a loss of approximately $5.1 million related to deferred compensation assets, primarily as the result of the decline in the stock market and other financial assets in the second quarter. Paige Bombino - Vice President of Investor Relations… Sanmina Corporation is an American electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers in communications and computer hardware fields. This is really the mission critical nature of our work and our experience showed this is much more than a marketing slogan. So it's that optimization so we are ready when the recovery kind of sets in. There are 163 companies in the Sanmina-SCI Corporation corporate family. And so I think that's why in balance I think our end customers in the communication space they're reasonably optimistic about the outlook for this space and that's why those puts and takes that kind of balance each other out. So let me just take a moment here on behalf of our entire management team, I want to thank all of you for attending today's call. On the right hand side, you'll see Components Products and Services revenues declined to $327 million, non-GAAP gross margins were down 10.6%. Jim, good question. Thank you. Secondly, there were delays in our Chinese supply chain, which have been shutdown as well and we supply to our operations worldwide as well as the operations of our customers. Quarterly reports. In particular focusing on amounts that are either past due or companies that financials are bit challenged. Financial calendar. If you could please turn to Slide 3. The local teams and our other retail and teams rapidly rolled out waves of operational adjustments through our network. It's greatly appreciated. We continue to be focused on reducing operating expenses given macroeconomic uncertainty. Our optical network customers are quite optimistic about their order book as communication bandwidth constraint is now something all of us can relate to almost daily. Sure. Paige Melching -- Senior Vice President, Marketing and Investor Communications. Okay, thank you for that. Great, thanks for taking my question. Deferred compensation gains or losses are equally offset with corresponding increases or decreases in manufacturing and operating expenses. Adjusting for an estimated stock-based compensation of $0.12 per share, GAAP diluted earnings per share is expected to be between $0.18 and $0.28. © Sanmina Corporation. We experienced some delays and constraints in particular in the medical space for PPE, monitoring tests in high demand by EMS personnel, but I think overall this additional layer of transparency and monitoring is making us a better company and our customers appreciate that. A copy of our press release and slides for today's discussion are available on our website at sanmina.com in the Investor Relations section. The Investor Relations website contains information about Blackbaud's business for stockholders, potential investors, and financial analysts. Email Alerts. Information and resources about the performance of Dun & Bradstreet. You're giving guidance for the next quarter, and I think that's great. I am in particular pleased with our exceptional management team. A reconciliation between the GAAP and non-GAAP financial information is also provided in the press release and slides posted on our website. What are the puts and takes that we should be monitoring the closest or you're monitoring the closest to kind of anticipate what the second half of the calendar year could look like? I think you reported gross margin of 6.9% you mentioned additional costs associated with COVID-19, how much was that in the quarter and how should we think about additional costs associated with COVID-19 in fiscal 3Q and looks like from the guidance you're guiding gross margin down somewhat, because it's the guidance if I heard correctly was 6.4% to 6.9%. We're expediting for critical parts, especially in COVID-19 related production of test equipment and ventilators. And next, please refer to Slide number 13, where I want to share with you my observations about our end markets. And we reset our shock to the system is different, but can also create opportunities. Here you can see additional income statement details related to the quarter and the associated comparisons. In Q2, we really focus obviously on taking care of our people. Company Participants. IR TEAM CONTACT INFO Tel: +1 202 828 0850 Email: investor.relations@danaher.com Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Investor relations contacts. Non-GAAP operating expenses should be approximately $61 million to $63 million. Again, I mean I think there are a lot of variables that are interrelated as it relates to margin. As I sit here today, there are a lot of variables, which are changing every day as we manage through the COVID-19 crisis. Q2 non-GAAP gross margin was 6.9%, down relative to the prior quarter. Fax 1 408 964 3440, Legal Information MATT GUGINO Vice President Investor Relations. Appreciate it. So in terms of increased communication demand increased bandwidth demand increased storage demand and so on. I'm just a little surprised because there is a lot of uncertainty and a lot of your competitors have also not giving guidance, so maybe if you can just touch on it, at high level, what are some of the things that are giving you confidence to give the guidance and it looks like a fairly tight guidance on revenues of the range of about $100 million. For example, as related to regionalization, we've always been organized along those lines. In terms of the outlook for Q3, we anticipate a revenue range of $1.5 billion to $1.6 billion. During this conference call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. About Sanmina Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. And my last question, you guys expressed some customer optimism in optical, kind of given bandwidth issues globally. We manage the logistics for them, but the limited -- limited the right financial impact for Sanmina, but delays and timing of delivery of components can impact revenues and the efficiency at the manufacturing plants. While we are streamlining our operations so that we prepared for any market challenges, we are also focused on being prepared so that when the recovery kicks in we are ready to go and go to meet increased demand. Now if you please turn to Slide 9, we'll will discuss third quarter outlook. Hi, thank you for taking my questions. Newsroom. Both our segments revenues and gross margins were impacted by COVID-19, relative to our original outlook for the quarter. So let me add my comments to what Kurt as outlined. Power Integrations is a leading innovator in semiconductor technologies for high-voltage power conversion. And I also think again as I mentioned in my earlier remarks, there are some restrictions in certain geographies in terms of what we're able to do to reduce costs, but certainly under absorption is a key thing. Christian, your line is open. Sanmina Investor Relations at 408.964.3610. We enjoy great collaboration with our customers, since certain suppliers are unique to some customers. Annual reports. Cookies are important to the proper functioning of a site. Okay, thank you for that. Towards the end of the quarter, given the uncertainty related to COVID-19, we decided to draw down and $650 million of our $700 million revolver. I agree and concur. I mean, obviously, it starts with volume and volumes last quarter were down relative to the prior quarter and down relative to expectations. Working with clients, we are finding optimal routings. But let me let me clarify my earlier comment. Inefficiencies, again, as you think about it, inefficiencies associated with not having everybody in the factory or inefficiencies associated with having everybody in the factory, but not necessarily having all the parts you need and then when the part show up, you've got to work over time to pick things up and then additional costs I think Hartmut talked a little bit about freight and some other things. The Investor Relations website contains information about NXP Semiconductors's business for stockholders, potential investors, and financial analysts. Your central location for Saia's Investor Relations, News & Events, including financial information, corporate governance, investor FAQs and more. The company is under no obligation to and expressly disclaims any such obligation to update or alter any of its forward-looking statements made in the earnings release on this conference call and on our Investor Relations section of our website, whether as a result of new information, future events or otherwise, unless otherwise required by law. All rights reserved. As a management team, we focused on what we could control, namely optimization of our cost structure, limitation in new capital expenditures to only the most essential items, and cash generation. [Operator Instructions] Please be advised that today's call is being recorded. I think we have some very exciting years ahead of us. What are the puts and takes you talked about stability in the customer base except for automotive this quarter, June. And also from me a warm welcome to our second quarter earnings call. And number 3, and probably most important we need employees to be in the factory recognizing that some work can be done from remote offices. We experienced similar challenges with freight and cargo. And welcome to the Sanmina Corporation's Second Quarter Fiscal Year 2020 Earnings Call. Customer demand for the quarter is expected to be relatively stable with the exception of weakness in automotive. Is there -- is there any other silos or pockets of strength that semicap equipment, and I think you have a small exposure there, but is there any other pockets of strength that you're pleasantly surprised by? Investor Relations Since the founding days of Sanmina Corporation, our goal has been to build an organization that is unmatched in technology leadership, customer support, financial strength and professional integrity. Thanks, Kurt. 2700 North First Street Number one, we need logistics channels to bring parts into our centers and to ship to end customers. 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