Sanmina Corporat Stock Price, News & Analysis

Sanmina Corporation (NASDAQ: SANM) reported strong financial results for Q2 fiscal 2021, with revenue of $1.7 billion and a GAAP operating margin of 3.8%. GAAP diluted EPS stood at $0.70, while non-GAAP diluted EPS reached $1.01, exceeding expectations. Key highlights include a non-GAAP pre-tax ROIC of 27.6%, cash flow from operations of $81 million, and free cash flow of $67 million. The company anticipates continued strong demand despite supply chain challenges, reflecting confidence in its long-term outlook.

Sanmina Corporation (NASDAQ: SANM) will host its second quarter fiscal 2021 earnings conference call on Monday, May 3, 2021, at 5:00 PM ET. This event will provide insights into the company's financial performance and future outlook.

Interested parties can join the call by dialing 866.891.4420 for domestic calls or 201.383.2868 for international calls. Further details are available on the company's website, www.sanmina.com.

Sanmina Corporation (NASDAQ: SANM) reported a strong fiscal first quarter ending January 2, 2021, with revenue of $1.76 billion, surpassing the midpoint of its outlook. The GAAP operating margin stood at 4.3%, and diluted EPS reached $0.72. Non-GAAP diluted EPS was $1.02, exceeding expectations. Notable highlights include cash flow from operations of $62 million and free cash flow of $51 million. The company anticipates stable demand for the second quarter, maintaining focus on operational efficiencies and innovative customer solutions.

Sanmina Corporation will host its first quarter fiscal 2021 earnings conference call on February 2, 2021, at 5:00 PM ET. This call will provide insights into the company's financial performance for the first quarter. Investors can join via a teleconference by calling 866.891.4420 domestically or 201.383.2868 internationally. More details about the company and the upcoming call can be found on their official website.

Sanmina Corporation (NASDAQ: SANM) announced the reappointment of Hari Pillai as President of Components Technology on January 6, 2021. With over 25 years of technology leadership experience, Pillai's return aligns with Sanmina's strategy to enhance its operations in three key business areas: Integrated Manufacturing Solutions, Defense Systems, and Components Technology. CEO Jure Sola expressed confidence that Pillai will drive profitable growth and leverage synergies across the company.

Sanmina Corporation (SANM) reported strong financial results for Q4 and fiscal year 2020, with revenue reaching $1.87 billion in Q4 and $6.96 billion for the year. The company achieved a GAAP diluted EPS of $0.75 in Q4 and $1.97 for the year. Non-GAAP diluted EPS was $1.10 for Q4 and $3.05 for FY 2020. Operating margins improved, and the company generated $301 million in operational cash flow for the year. Additionally, $166 million was spent on share repurchases. The outlook for Q1 2021 remains optimistic.

Sanmina Corporation (NASDAQ: SANM) will host its fourth quarter and fiscal year 2020 earnings conference call on November 10, 2020, at 5:00 PM ET. This call is part of the company's efforts to communicate its financial performance and outlook to investors. Interested parties can participate by dialing 866.891.4420 for domestic calls or 201.383.2868 for international callers. The conference call aims to provide insights into Sanmina's operations and future strategies.

Sanmina Corporation (Nasdaq: SANM) announced enhancements to its backplane testing capabilities through the integration of RoBAT RCI technology at its California and Mexico facilities. This upgrade aims to accelerate time-to-market for customers in communications, datacenter, defense, and aerospace sectors. With over 40 years of experience, Sanmina continues to focus on product development in advanced backplane assembly and testing. The new technology complements their existing testing solutions, reinforcing the company's leadership in the electronics manufacturing services (EMS) market.

Sanmina Corporation (NASDAQ: SANM) announced the immediate departure of its CEO Hartmut Liebel, with co-founder Jure Sola resuming the roles of Chairman and CEO. The company aims to enhance shareholder value by reorganizing into three segments: Integrated Manufacturing Solutions, SCI, and Components Technology. Despite the ongoing challenges posed by the COVID-19 pandemic, Sola expressed confidence in the company’s ability to drive long-term growth. The firm has not updated its outlook for the fiscal fourth quarter ending October 3, 2020, as previously stated on July 29, 2020.