Sanmina Corporation (NASDAQ:SANM) Q2 2024 Earnings Call Transcript

Jure Sola: Well, in a cloud, we did — in Communication Cloud is about 33% last quarter. About half of that comes from cloud. We don’t break it down at that. But definitely, it’s more this quarter than the last quarter. It will be more next quarter than what we did last quarter. So definitely it’s going in the right direction. And it’s really driven with a lot of our customers’ new products that are required for upgrades of the data centers.

Christian Schwab: Okay. I guess we have other things in there that you were including in your AM machine learning, but that’s okay. So, I guess just a follow-up on that, you kind of said that you kind of thought that the optical business would follow the cloud hyperscale strong spending. I guess just a follow-up to an earlier question, when would you expect optical spending to show mean improvement from current levels?

Jure Sola: Well, I would say — let me kind of make a comment on a whole communication sector. I personally believe that we come in end of that bad cycle, if I can way. I would expect to see some nice improvement in our fourth quarter. We’re going to see some this quarter, but really a lot more in our fourth quarter. And like I said, September and December quarter of this year, we definitely forecast are looking up in that segment. And then help from a cloud will help move that in the right direction.

Christian Schwab: Okay. Great. Thanks for the question.

Jure Sola: Christian. Ladies and gentlemen, I want to again, thank you for your time and your support. If you have any more questions, please get back to us. Otherwise, I appreciate everything, and we’ll see you or talk to you in 90 days from now. Bye-bye. Thank you.

Operator: Thank you. Ladies and gentlemen, the conference has now ended. Thank you all for joining. You may all disconnect.