SAN JOSE, CA – Sanmina reported first fiscal quarter revenue of $1.67 billion, up 15.2% year-over-year, and down 1.2% sequentially.

GAAP net income for the period ended Dec. 27 was $22.7 million, down 1.7% year-over-year. GAAP operating income was $53.5 million, compared to $39.5 million for the same period in 2013.

"Revenue for the first quarter was in line with our expectations and up 15% year-over-year," said Jure Sola, chairman and CEO of Sanmina. "We executed well and delivered solid operating margin in spite of a challenging mix of business.  Our outlook for the second quarter is slightly down sequentially primarily due to seasonality, and we believe demand will improve in the second half of the year."  

Sanmina expects second fiscal quarter revenue between $1.575 billion and $1.625 billion.

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