Welcome to our dedicated page for Sanmina news (Ticker: SANM), a resource for investors and traders seeking the latest updates and insights on Sanmina 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 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.
Sanmina Corporation (NASDAQ: SANM) is set to host its fourth quarter and fiscal year 2021 earnings conference call on November 8, 2021, at 5:00 PM ET. The conference call will provide insights into the company’s financial performance and operational developments.
Participants can join the call by dialing 866.891.4420 for domestic and 201.383.2868 for international access. Additional details and the meeting link can be found on their official website.
Sanmina Corporation (NASDAQ: SANM) announced on Sept. 21, 2021, the creation of a new brand, Advanced Micro Systems Technologies (AMST), to enhance its focus on optical, radio frequency (RF), and microelectronics design and manufacturing capabilities. Leveraging 15 years of experience, AMST aims to meet growing demand across multiple sectors including communications and 5G. The division provides integrated solutions, including design and manufacturing services, aimed at high-value markets globally. Sanmina's commitment includes strategic investments to further support customer growth in these rapidly evolving areas.
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.
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