Sanmina Corporat - SANM STOCK NEWS

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.

Sanmina (NASDAQ: SANM) has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Monday, November 4, 2024, at 4:30 PM ET. The company will provide a live webcast presentation with supporting materials on their website's Investor Relations section. A replay of the webcast will be available after the event concludes.

42Q, a Sanmina division, has launched 42Q Connected Manufacturing, an innovative solution providing real-time visibility to distributed manufacturing. This cloud-based Manufacturing Execution System (MES) addresses manufacturing supply challenges by offering global visibility, optimization, and manufacturing supply insights. The solution integrates seamlessly with existing systems or can be deployed standalone in 4-12 weeks.

Key features include:

• A unified data ecosystem consolidating product and operational supply data
• Real-time analytics for immediate operational metrics and analysis
• Enhanced quality monitoring for faster response to deviations

The solution is immediately available worldwide and has already been implemented by global leaders and Fortune 500 companies. It aims to improve decision-making quality and operational efficiency by providing real-time data and analytics across multiple factories, suppliers, and partners.

Viking Enterprise Solutions, a division of Sanmina (NASDAQ: SANM), has won the prestigious 'Best of Show' award at FMS: the Future of Memory and Storage for its Viking Edge AI solution. This innovative platform addresses challenges in AI/ML workloads at the edge by moving computation closer to storage, reducing network infrastructure needs and data travel between storage and compute nodes.

The Viking Edge AI offers a turnkey 3U solution that enables quick deployment of applications without additional infrastructure. It tackles issues such as storage in edge devices, which often necessitates data collection in data centers or the cloud for processing. This approach significantly reduces network burden and delays in obtaining inference results.

The award highlights Viking Enterprise Solutions' commitment to excellence and innovation in addressing critical challenges in edge computing for AI applications across various industries, including smart factories, media & entertainment, transportation & logistics, and healthcare.

Sanmina (NASDAQ: SANM) reported its fiscal third quarter 2024 financial results, with revenue of $1.84 billion and GAAP diluted EPS of $0.91. The company's non-GAAP diluted EPS was $1.25, with a non-GAAP operating margin of 5.3%. Sanmina generated $90 million in cash flow from operations and ended the quarter with $658 million in cash and cash equivalents.

CEO Jure Sola noted that Q3 results were in line with expectations, and the company is seeing demand stabilization and improvement heading into Q4. Sanmina expects growth in fiscal 2025 and continues to focus on delivering profitable growth, free cash flow generation, and maintaining a strong balance sheet while returning value to shareholders.