Sanmina Corporat Stock Price, News & Analysis

Sanmina Corporation (NASDAQ: SANM) has scheduled its third quarter fiscal 2025 earnings conference call for Monday, July 28, 2025 at 5:00 PM ET. The company will provide a live webcast presentation along with supporting materials, which will be accessible through the Investor Relations section of Sanmina's website at www.sanmina.com. Following the event, a replay of the webcast will be made available at the same location.

Viking Enterprise Solutions, a division of Sanmina Corporation (NASDAQ: SANM), has unveiled Viking Edge AI, an award-winning Edge AI Computational Storage Appliance. The innovative solution addresses traditional edge computing limitations by integrating powerful compute, storage, and network capabilities in a single edge appliance. The system features AMD CPUs, NVIDIA accelerated computing, and NVIDIA DPUs with Cloud Native Kubernetes AI framework, enabling real-time AI inferencing and modeling. Viking Edge AI supports multiple applications including smart factory visual inspection, automation, media & entertainment, transportation & logistics, healthcare, and video monitoring. The solution earned the "Best of Show" award at FMS 2024 and allows customers to deploy AI applications without additional infrastructure requirements.

Sanmina (NASDAQ: SANM) has announced a transformative acquisition of ZT Systems' data center infrastructure manufacturing business from AMD for up to $3 billion. The deal includes $2.55 billion in cash and equity, plus $450 million in contingent consideration. ZT Systems generates approximately $5-6 billion in annual revenue and specializes in Cloud and AI infrastructure for hyperscalers. The acquisition brings advanced liquid cooling capabilities and manufacturing facilities in New Jersey, Texas, and the Netherlands. As part of the deal, AMD will retain ZT Systems' AI systems design business and establish a strategic partnership with Sanmina as their preferred NPI manufacturing partner. The transaction is expected to close by the end of 2025 and be accretive to Sanmina's non-GAAP EPS in the first year post-close. The deal significantly enhances Sanmina's position in the Cloud and AI ecosystem and is projected to double the company's revenue scale within three years.

Sanmina reported strong Q2 fiscal 2025 financial results with revenue reaching $1.98 billion. The company achieved a GAAP operating margin of 4.6% and non-GAAP operating margin of 5.6%, resulting in GAAP diluted EPS of $1.16 and non-GAAP diluted EPS of $1.41.

Key financial highlights include:

• Strong cash flow from operations: $157 million
• Free cash flow: $126 million
• Share repurchases: 1.03 million shares for $84 million
• Cash and cash equivalents: $647 million

For Q3 fiscal 2025, Sanmina forecasts:

• Revenue between $1.925 billion to $2.025 billion
• GAAP diluted EPS of $1.05 to $1.15
• Non-GAAP diluted EPS of $1.35 to $1.45

CEO Jure Sola expressed confidence in the company's performance, highlighting their regional manufacturing footprint's agility and strong operational execution. Management remains optimistic about fiscal 2025 being a growth year based on first-half results and Q3 outlook.

Sanmina (NASDAQ: SANM) has scheduled its second quarter fiscal 2025 earnings conference call for Monday, April 28, 2025 at 5:00 PM ET. The company will provide a live webcast presentation along with supporting materials, which will be accessible through the Investor Relations section of Sanmina's website at www.sanmina.com. Following the event, a webcast replay will be made available at the same location.

Sanmina (NASDAQ: SANM) has appointed Michael J. Loparco to its Board of Directors, effective March 10, 2025. Loparco brings over 25 years of experience in technical and global manufacturing businesses.

Most recently, Loparco served as CEO of Symbotic, where he led the company's successful IPO. Previously, he spent more than two decades at Jabil Inc., serving as CEO of the Electronics Manufacturing Services (EMS) segment and CEO of Engineered Solutions Group. At Jabil, he oversaw enterprise IT, global procurement, supply chain strategies, and strategic investments.

Loparco currently serves on the boards of iRobot, Illumus, and E2IP Technologies, and is a strategic advisor to Awz Ventures. He holds a JD from Stetson University College of Law and a BA in International Business from Eckerd College.

Sanmina (NASDAQ: SANM) has reported its Q1 fiscal 2025 financial results, achieving revenue of $2.01 billion with GAAP operating margin of 4.4% and GAAP diluted EPS of $1.16. The company's non-GAAP operating margin reached 5.6% with diluted EPS of $1.44.

The company demonstrated strong cash management with $64 million in operating cash flow and $47 million in free cash flow. During Q1, Sanmina repurchased 0.2 million shares for $16 million and reported ending cash and cash equivalents of $642 million.

In a significant development, Sanmina's Board has authorized an additional $300 million for share repurchases, with approximately $37 million still remaining from the previous authorization. The company's management expressed confidence in fiscal 2025 being a growth year, citing positive trends and strong operational execution.

Sanmina (NASDAQ: SANM) has announced its upcoming first quarter fiscal 2025 earnings conference call, scheduled for Monday, January 27, 2025, at 5:00 PM ET. The company will provide a live webcast presentation along with supporting materials on their website's Investor Relations section. A replay of the webcast will be made available following the event's conclusion.

Sanmina (NASDAQ: SANM) reported its Q4 and fiscal 2024 results. Q4 revenue reached $2.02 billion with GAAP EPS of $1.09 and non-GAAP EPS of $1.43. For fiscal 2024, revenue was $7.57 billion with GAAP EPS of $3.91 and non-GAAP EPS of $5.28. The company generated $340 million in operating cash flow for FY24 and repurchased 4.0 million shares for $227 million. Q4 showed 9.6% sequential revenue growth, driven by communications networks and cloud infrastructure. Management expects fiscal 2025 to be a growth year based on customer forecasts and current demand levels.