Sanmina Corporat Stock Price, News & Analysis

Viking Enterprise Solutions, a division of Sanmina, has launched the VDS41022 JBOD storage enclosure, offering the highest density solution in a one-meter rack. This 4U design supports 24G SAS (SAS-4) storage protocols, accommodating 102 large form factor drives with over 2 petabytes of storage. The patented thermal management enhances performance in high-density environments, while its unique layout supports both SAS-3 and SAS-4 infrastructures. The VDS41022 is now shipping, anticipating increased demand for 24G SAS protocols.

Sanmina reported strong Q2 2022 financial results with revenue of $1.91 billion, exceeding expectations. The GAAP operating margin was 4.3%, with a GAAP diluted EPS of $0.83. Non-GAAP figures showed an operating margin of 5.0% and a diluted EPS of $1.14, also above guidance. The company generated cash flow from operations of $79 million and $52 million in free cash flow. Sanmina announced an expansion of its share repurchase program by an additional $200 million. The outlook for Q3 remains optimistic with continued growth expected.

Sanmina Corporation (NASDAQ: SANM) will hold its second quarter fiscal 2022 earnings conference call on May 2, 2022, at 5:00 PM ET. This conference will provide stakeholders with insights into the company's financial performance in the second quarter.

For participants, the domestic dial-in number is 866.891.4420 and the international number is 201.383.2868. Further information can be accessed on the official website.

Viking Enterprise Solutions, a division of Sanmina (Nasdaq: SANM), has launched Cloud Native Obsidian (CNO), an on-premise storage solution aimed at addressing the challenges faced by enterprises managing unstructured data. CNO allows businesses to control their data while reducing costs associated with public cloud storage. The solution's cloud-native architecture supports a hybrid cloud strategy, enhancing reliability and scalability. This offering is designed to target sectors such as media, video surveillance, backups, and file services, providing enhanced control and predictable pricing.

Sanmina (SANM) has partnered with Reliance Strategic Business Ventures Limited to form a joint venture aimed at creating a high-tech electronic manufacturing hub in India. RSBVL will hold a 50.1% stake through a ₹1,670 crore investment, while Sanmina retains 49.9%. The joint venture is positioned to enhance manufacturing capabilities in sectors like communications, healthcare, and defense. With revenues of ₹12.3 billion for the fiscal year ending March 2021, the collaboration will be supported by over $200 million in capital. Completion is expected by September 2022, subject to regulatory approvals.

Sanmina Corporation (NASDAQ: SANM) reported strong financial results for Q1 FY2022, achieving revenue of $1.76 billion and a GAAP diluted EPS of $0.89. The company also posted a GAAP operating margin of 4.6% and a non-GAAP diluted EPS of $1.08. Cash flow from operations reached $68 million with free cash flow at $51 million. Despite ongoing supply chain challenges, Sanmina sees optimistic growth potential for FY2022, driven by demand in industrial, medical, defense, and automotive sectors.

Sanmina Corporation (NASDAQ: SANM) will host its first quarter fiscal 2022 earnings conference call on January 31, 2022, at 5:00 PM ET. Interested participants can join via a dial-in number, with 866.891.4420 for domestic calls and 201.383.2868 for international calls. Sanmina is a leading provider of integrated manufacturing solutions, serving the global Electronics Manufacturing Services market, and is recognized for delivering quality support to OEMs across various sectors.

Sanmina Corporation announced the appointment of Susan Johnson to its Board of Directors, effective December 6, 2021. With over 30 years of experience in high-end technology, Johnson is currently the Executive Vice President of Global Connections and Supply Chain at AT&T Communications. Her extensive background includes roles in corporate strategy, business development, and sustainability efforts. Johnson holds degrees in Economics and an MBA, which will enhance Sanmina’s perspective in the Electronics Manufacturing Services market.

Sanmina Corporation (NASDAQ: SANM) reported robust financial results for Q4 and FY 2021, with revenues of $1.64 billion and $6.76 billion respectively. GAAP diluted EPS was $0.84 for Q4 and $4.01 for the fiscal year. Non-GAAP diluted EPS rose to $0.95 in Q4, marking a 30% increase year-over-year. The company generated $338 million in cash flow from operations for FY 2021 and announced an expansion of its share repurchase program by $200 million.

Sanmina remains optimistic for FY 2022, emphasizing strong demand across market segments and continued focus on operational excellence.