Welcome to our dedicated page for Sanmina Corporat news (Ticker: SANM), a resource for investors and traders seeking the latest updates and insights on Sanmina Corporat stock.
Sanmina Corp reports developments in integrated manufacturing solutions for original equipment manufacturers in the Electronics Manufacturing Services market. Company news commonly covers quarterly and annual results, earnings call schedules, margin and cash-flow commentary, capital allocation actions such as share repurchase authorizations, and demand trends across industrial and energy, medical, defense and aerospace, automotive and transportation, communications networks, and cloud and AI infrastructure markets.
Sanmina updates also include changes to its manufacturing footprint, customer and partner activity, and completed transactions that expand its service capabilities. The completed acquisition of the ZT Systems data center infrastructure manufacturing business added a recurring focus on cloud and AI infrastructure manufacturing alongside Sanmina's established printed circuit board assembly, components, interconnect, mechanical systems, and after-market services activities.
Sanmina reported strong financial results for Q3 FY2021, with revenue hitting $1.66 billion and GAAP diluted EPS of $1.74.
The non-GAAP operating margin also impressed at 5.0%, alongside cash flow from operations of $104 million. However, ongoing global supply chain constraints negatively affected revenue despite robust demand across end-markets. Looking ahead, Sanmina anticipates strong demand for Q4 FY2021, while factoring in supply chain impacts.
On July 26, 2021, Sanmina Corporation (NASDAQ: SANM) announced an earnings conference call scheduled for August 2, 2021, at 5:00 PM ET. The call will provide insights into the company's third-quarter fiscal 2021 performance. Sanmina is a leading provider of integrated manufacturing solutions in the global Electronics Manufacturing Services market, servicing sectors like communications, cloud solutions, and medical. The company emphasizes delivering high-quality solutions to Original Equipment Manufacturers.
Viking Enterprise Solutions, a division of Sanmina, announced the launch of the VDS2249R, a 2U NVMe-oF storage solution optimized for performance and low latency. The VDS2249R features a high-bandwidth enclosure supporting twenty-four NVMe drives and offers configurations with either two or six 100 GbE ports. The system delivers over 15M IOPs with less than 10µs latency, utilizing a comprehensive software interface for management and monitoring. This product will be available in June 2021.
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.