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 Corporation (NASDAQ: SANM) is a premier integrated manufacturing solutions provider, dominantly serving the high-growth segments of the global Electronics Manufacturing Services (EMS) market. Known for its technological leadership, Sanmina delivers comprehensive end-to-end manufacturing solutions with superior quality and support, catering to Original Equipment Manufacturers (OEMs) in varied sectors such as communications networks, defense and aerospace, industrial and semiconductor systems, medical, multimedia, computing and storage, automotive, and clean technology.
Sanmina's operations are conducted across two primary business segments: Integrated Manufacturing Solutions, which includes printed circuit board assembly and constitutes the bulk of its revenue, and Components, Products, and Services, covering interconnect systems and mechanical systems. The company’s extensive footprint spans strategic locations worldwide, with significant revenues generated from the United States, China, and Mexico.
Recently, Sanmina reported financial results for the fiscal third quarter ending July 1, 2023, showcasing consistent operating margins and solid cash generation. With expected revenue growth of approximately 14% and non-GAAP EPS growth of around 35% for fiscal 2023, Sanmina continues to demonstrate robust performance across its key markets. The launch of the ONYX Series by its Viking Enterprise Solutions division further exemplifies its commitment to innovation, featuring high-density, network-attached unified storage solutions to meet the expanding data needs across various industries.
The company remains resilient amidst global challenges, such as supply chain constraints and geopolitical uncertainties. By focusing on quality, delivery, and customer satisfaction, Sanmina is well-positioned for continued success and growth in the dynamic EMS market.
Sanmina reported revenue of $1.83 billion and GAAP operating margin of 4.1% for the second quarter of fiscal 2024, with positive movement in previously depressed end-markets. The company remains optimistic about sequential improvement in 2024.
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