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Sanmina Reports Fourth Quarter and Fiscal 2024 Financial Results

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Sanmina (NASDAQ: SANM) reported its Q4 and fiscal 2024 results. Q4 revenue reached $2.02 billion with GAAP EPS of $1.09 and non-GAAP EPS of $1.43. For fiscal 2024, revenue was $7.57 billion with GAAP EPS of $3.91 and non-GAAP EPS of $5.28. The company generated $340 million in operating cash flow for FY24 and repurchased 4.0 million shares for $227 million. Q4 showed 9.6% sequential revenue growth, driven by communications networks and cloud infrastructure. Management expects fiscal 2025 to be a growth year based on customer forecasts and current demand levels.

Sanmina (NASDAQ: SANM) ha riportato i risultati del quarto trimestre e dell'anno fiscale 2024. I ricavi del Q4 hanno raggiunto 2,02 miliardi di dollari con un utile per azione GAAP di 1,09 dollari e un utile per azione non GAAP di 1,43 dollari. Per l'anno fiscale 2024, i ricavi sono stati 7,57 miliardi di dollari, con un utile per azione GAAP di 3,91 dollari e un utile per azione non GAAP di 5,28 dollari. L'azienda ha generato 340 milioni di dollari in flusso di cassa operativo per l'anno fiscale 2024 e ha riacquistato 4,0 milioni di azioni per 227 milioni di dollari. Il Q4 ha mostrato una crescita sequenziale dei ricavi del 9,6%, sostenuta dalle reti di comunicazione e dall'infrastruttura cloud. La direzione si aspetta che l'anno fiscale 2025 sia un anno di crescita sulla base delle previsioni dei clienti e dei livelli attuali di domanda.

Sanmina (NASDAQ: SANM) informó sobre los resultados del cuarto trimestre y del año fiscal 2024. Los ingresos del Q4 alcanzaron 2.02 mil millones de dólares, con un EPS GAAP de 1.09 dólares y un EPS no GAAP de 1.43 dólares. Para el año fiscal 2024, los ingresos fueron de 7.57 mil millones de dólares, con un EPS GAAP de 3.91 dólares y un EPS no GAAP de 5.28 dólares. La compañía generó 340 millones de dólares en flujo de efectivo operativo durante el año fiscal 2024 y recompró 4.0 millones de acciones por 227 millones de dólares. El Q4 mostró un crecimiento secuencial de ingresos del 9.6%, impulsado por redes de comunicación e infraestructura en la nube. La dirección espera que el año fiscal 2025 sea un año de crecimiento según las previsiones de los clientes y los niveles de demanda actuales.

산미나 (NASDAQ: SANM)는 4분기 및 2024 회계연도 결과를 발표했습니다. 4분기 수익은 20억 2000만 달러에 달하며, GAAP EPS는 1.09달러, 비 GAAP EPS는 1.43달러였습니다. 2024 회계연도 수익은 75억 7000만 달러로 GAAP EPS는 3.91달러, 비 GAAP EPS는 5.28달러였습니다. 회사는 FY24에 3억 4000만 달러의 운영 현금 흐름을 창출했으며, 227억 달러에 400만 주를 재매입했습니다. 4분기는 통신 네트워크와 클라우드 인프라 덕분에 9.6%의 순증가 수익 성장을 보였습니다. 경영진은 고객 예측 및 현재 수요 수준에 따라 2025 회계연도가 성장의 해가 될 것으로 예상하고 있습니다.

Sanmina (NASDAQ: SANM) a annoncé ses résultats du quatrième trimestre et de l'exercice fiscal 2024. Les revenus du Q4 ont atteint 2,02 milliards de dollars avec un BPA GAAP de 1,09 dollar et un BPA non-GAAP de 1,43 dollar. Pour l'exercice fiscal 2024, les revenus s'élevaient à 7,57 milliards de dollars avec un BPA GAAP de 3,91 dollars et un BPA non-GAAP de 5,28 dollars. L'entreprise a généré 340 millions de dollars de flux de trésorerie d'exploitation pour l'exercice fiscal 2024 et a racheté 4,0 millions d'actions pour 227 millions de dollars. Le Q4 a montré une croissance séquentielle des revenus de 9,6%, soutenue par les réseaux de communication et l'infrastructure cloud. La direction s'attend à ce que l'exercice fiscal 2025 soit une année de croissance basée sur les prévisions des clients et les niveaux de demande actuels.

Sanmina (NASDAQ: SANM) hat die Ergebnisse des vierten Quartals und des Geschäftsjahres 2024 gemeldet. Die Einnahmen im Q4 erreichten 2,02 Milliarden Dollar mit einem GAAP EPS von 1,09 Dollar und einem Non-GAAP EPS von 1,43 Dollar. Für das Geschäftsjahr 2024 betrugen die Einnahmen 7,57 Milliarden Dollar, mit einem GAAP EPS von 3,91 Dollar und einem Non-GAAP EPS von 5,28 Dollar. Das Unternehmen generierte 340 Millionen Dollar an operativem Cashflow für das Geschäftsjahr 2024 und kaufte 4,0 Millionen Aktien für 227 Millionen Dollar zurück. Das Q4 zeigte ein sequenzielles Umsatzwachstum von 9,6%, angetrieben durch Kommunikationsnetzwerke und Cloud-Infrastruktur. Das Management erwartet, dass das Geschäftsjahr 2025 ein Wachstumsjahr wird, basierend auf den Kundenprognosen und den aktuellen Nachfragestufen.

Positive
  • Q4 revenue increased 9.6% sequentially
  • Strong cash flow from operations of $340 million in FY24
  • Significant shareholder returns through $227 million in share repurchases
  • Growth observed in majority of end-markets
  • Healthy demand levels indicating growth prospects for FY25
Negative
  • Revenue impact reported for fiscal year 2024
  • Challenging first half of fiscal 2024

Insights

Sanmina delivered a solid Q4 performance with sequential revenue growth of 9.6% to $2.02 billion and non-GAAP EPS of $1.43. The company's full-year revenue reached $7.57 billion with strong free cash flow generation of $231 million. Notable strengths include robust performance in communications networks and cloud infrastructure segments.

The company's capital return strategy remains aggressive, with $227 million deployed for share repurchases in FY24, reducing share count by 4 million shares. With a healthy balance sheet showing $626 million in cash and positive operating cash flow of $340 million for the year, Sanmina maintains strong financial flexibility. Management's optimistic outlook for FY25 growth, backed by healthy demand levels and customer forecasts, suggests positive momentum despite earlier challenges.

The sequential improvement in Q4 performance signals a potential turning point after a challenging first half. The growth in communications networks and cloud infrastructure segments aligns with broader industry trends in digital transformation and 5G deployment. The 5.3% non-GAAP operating margin demonstrates operational efficiency despite market headwinds.

The substantial share buyback program reflects management's confidence in the company's fundamentals and commitment to shareholder returns. With a diversified end-market exposure and improving demand environment, Sanmina appears well-positioned to capitalize on the anticipated growth in FY25, particularly in high-value segments like cloud infrastructure.

SAN JOSE, Calif., Nov. 4, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024.

Fourth Quarter Fiscal 2024 Financial Highlights

•    Revenue: $2.02 billion

•    GAAP operating margin: 4.4%

•    GAAP diluted EPS: $1.09

•    Non-GAAP(1) operating margin: 5.3%

•    Non-GAAP(1) diluted EPS: $1.43

Fiscal Year 2024 Financial Highlights

•    Revenue: $7.57 billion

•    GAAP operating margin: 4.4%

•    GAAP diluted EPS: $3.91

•    Non-GAAP(1) operating margin: 5.4%

•    Non-GAAP(1) diluted EPS: $5.28

Additional Highlights

•    Cash flow from operations: Q4 $52 million and FY'24 $340 million

•    Free cash flow(2): $29 million in Q4 and $231 million in FY'24

•    Share repurchases: 0.9 million shares for $65 million in Q4 and approximately 4.0 million shares for $227 million in FY'24 

•    Q4 ending cash and cash equivalents: $626 million



(1)

See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release.

(2)

See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release.

"We finished the year with solid momentum. Our fourth quarter revenue was up 9.6 percent sequentially, and non-GAAP diluted earnings per share was up 14.3 percent over the prior quarter and exceeded our outlook. We saw growth in the majority of our end-markets, primarily with strength from the communications networks and cloud infrastructure," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

"Our fiscal year 2024 results were in line with our expectations as we managed a challenging first half with improvements in the second half of the year. While our revenue was impacted for the year, we delivered another solid year of cash flow from operations. Furthermore, we demonstrated our commitment to return value to our shareholders by repurchasing 4 million shares for $227 million in fiscal 2024." 

"The team has done an excellent job navigating the market dynamics and the Company continues to demonstrate resilience. Based on the forecasts from our customers and currently healthy demand levels, we expect fiscal 2025 to be a growth year," concluded Sola.

First Quarter Fiscal 2025 Outlook
The following outlook is for the fiscal first quarter ending December 28, 2024. These statements are forward-looking and actual results may differ materially. 

  • Revenue between $1.925 billion to $2.025 billion
  • GAAP diluted earnings per share between $1.03 to $1.13
  • Non-GAAP diluted earnings per share between $1.30 to $1.40

Safe Harbor Statement
The statements above including our financial outlook for the first quarter fiscal 2025 and expectations for growth in fiscal 2025 generally, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, including adverse changes to the key markets we target; significant uncertainties that can cause our future sales and net income to be variable; reliance on a small number of customers for a substantial portion of our sales; risks arising from our international operations; geopolitical uncertainty, including from the war in Ukraine and conflict in the Middle East; and the other risk factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission.

The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.

Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the fourth quarter and fiscal year 2024 and outlook for the first quarter of fiscal 2025 on Monday, November 4, 2024 at 4:30 p.m. ET (1:30 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference will also be webcast live over the Internet. You can log on to the live webcast at Q4'24 Earnings. Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 88946#.

About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.

Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610

 

Sanmina Corporation

Condensed Consolidated Balance Sheets

(in thousands)

(GAAP)

(Unaudited)






September 28,
2024


September 30,
2023

ASSETS




Current assets:




Cash and cash equivalents

$          625,860


$          667,570

Accounts receivable, net

1,337,562


1,230,771

Contract assets

384,077


445,757

Inventories

1,335,744


1,477,223

Prepaid expenses and other current assets

79,301


58,249

Total current assets

3,762,544


3,879,570

Property, plant and equipment, net

616,067


632,836

Deferred tax assets

160,703


177,597

Other

175,646


183,965

Total assets

$       4,714,960


$       4,873,968

LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




Accounts payable

$       1,485,484


$       1,612,833

Accrued liabilities

196,681


267,148

Accrued payroll and related benefits

133,129


127,406

Short-term debt, including current portion of long-term debt

17,500


25,945

Total current liabilities

1,832,794


2,033,332

Long-term liabilities:




Long-term debt

299,823


312,327

Other

220,835


209,684

Total long-term liabilities

520,658


522,011





Stockholders' equity

2,361,508


2,318,625

Total liabilities and stockholders' equity

$       4,714,960


$       4,873,968

 

Sanmina Corporation

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(GAAP)

(Unaudited)










Three Months Ended


Twelve Months Ended


September 28,
2024


September 30,
2023


September 28,
2024


September 30,
2023









Net sales

$     2,017,505


$     2,052,019


$     7,568,328


$     8,935,048

Cost of sales

1,846,212


1,878,591


6,927,899


8,191,837

Gross profit

171,293


173,428


640,429


743,211









Operating expenses:








Selling, general and administrative

70,490


62,124


266,194


255,072

Research and development

8,243


7,715


28,514


26,427

Restructuring

2,970


4,323


10,227


6,054

Total operating expenses

81,703


74,162


304,935


287,553









Operating income

89,590


99,266


335,494


455,658









Interest income

2,799


3,910


12,440


13,595

Interest expense

(5,047)


(8,257)


(29,183)


(36,290)

Other expense

(564)


(8,168)


(1,216)


(20,156)

Interest and other, net

(2,812)


(12,515)


(17,959)


(42,851)









Income before income taxes

86,778


86,751


317,535


412,807

Provision for income taxes

19,438


21,396


79,784


85,294

Net income before noncontrolling interest

67,340


65,355


237,751


327,513

     Less: Net income attributable to noncontrolling interest

5,959


3,514


15,215


17,543

Net income attributable to common shareholders

$          61,381


$          61,841


$        222,536


$        309,970









Net income attributable to common shareholders per share:








Basic

$               1.12


$               1.08


$               4.00


$               5.36

Diluted

$               1.09


$               1.04


$               3.91


$               5.18









Weighted-average shares used in computing per share amounts:







Basic

54,783


57,406


55,592


57,847

Diluted

56,235


59,178


56,970


59,815

 

Sanmina Corporation

Reconciliation of GAAP to Non-GAAP Measures

(in thousands, except per share amounts)

(Unaudited)





Three Months Ended


Twelve Months Ended




September 28,
2024


June 29,
2024


September 30,
2023


September 28,
2024


September 30,
2023













GAAP Operating income


$           89,590


$           82,367


$          99,266


$         335,494


$         455,658


GAAP Operating margin


4.4 %


4.5 %


4.8 %


4.4 %


5.1 %

Adjustments:












Stock compensation expense (1)


15,489


14,682


12,942


57,407


50,402


Amortization of intangible assets




1,342



2,493


Distressed customer charges (recoveries)
(2)



(2,500)



1,799



Legal and other (3)


(720)


500



1,130


5,170


Restructuring


2,970


1,793


4,323


10,227


6,054

Non-GAAP Operating income


$         107,329


$           96,842


$        117,873


$        406,057


$        519,777


Non-GAAP Operating margin


5.3 %


5.3 %


5.7 %


5.4 %


5.8 %













GAAP Net income attributable to common
shareholders


$           61,381


$           51,602


$          61,841


$         222,536


$         309,970

Adjustments:












Operating income adjustments (see above)


17,739


14,475


18,607


70,563


64,119


Legal and other (3)





(4,967)


(3,630)


Adjustments for taxes (4)


1,175


4,751


3,526


12,736


3,771

Non-GAAP Net income attributable to
common shareholders

$           80,295


$           70,828


$          83,974


$        300,868


$        374,230













GAAP Net income attributable to common
shareholders per share:












Basic


$               1.12


$               0.93


$               1.08


$               4.00


$               5.36


Diluted


$               1.09


$               0.91


$               1.04


$               3.91


$               5.18

Non-GAAP Net income attributable
to common shareholders per share:












Basic


$               1.47


$               1.28


$               1.46


$               5.41


$               6.47


Diluted


$               1.43


$               1.25


$               1.42


$               5.28


$               6.26

Weighted-average shares used in
computing per share amounts:












Basic


54,783


55,466


57,406


55,592


57,847


Diluted


56,235


56,711


59,178


56,970


59,815













(1)

Stock compensation expense












Cost of sales


$             4,700


$             4,327


$            3,978


$           17,493


$           16,763


Selling, general and administrative


10,461


10,082


8,747


38,867


32,781


Research and development


328


273


217


1,047


858


Total


$           15,489


$           14,682


$          12,942


$          57,407


$          50,402













(2)

Relates to accounts receivable and inventory write-downs (recoveries) associated with distressed
customers.

















(3)

Represents expenses, charges and recoveries associated with certain legal and other matters.

















(4)

GAAP provision for income taxes


$           19,438


$           19,900


$          21,396


$           79,784


$           85,294


Adjustments:












Tax impact of operating income adjustments


1,550


1,303


2,645


7,415


7,736


Discrete tax items


2,925


1,462


1,210


3,425


12,930


Deferred tax adjustments


(5,650)


(7,516)


(7,381)


(23,576)


(24,437)


Subtotal - adjustments for taxes


(1,175)


(4,751)


(3,526)


(12,736)


(3,771)


Non-GAAP provision for income taxes


$           18,263


$           15,149


$          17,870


$          67,048


$          81,523

 

Q1 FY25 Earnings Per Share Outlook*:


Q1 FY25 EPS Range




Low


High


GAAP diluted earnings per share


$                  1.03


$                  1.13


Stock compensation expense


$                  0.27


$                  0.27


Non-GAAP diluted earnings per share


$                  1.30


$                  1.40







* Due to uncertainty regarding the timing of recognition of restructuring charges, impairment charges and other unusual or infrequent items, if any, that could be incurred during the first quarter of FY25, an estimate of such items is not included in the outlook for Q1 FY25 GAAP EPS.

 

Sanmina Corporation

Condensed Consolidated Cash Flow

(in thousands)

(GAAP)

(Unaudited)




Three Month Periods


Twelve Month Periods



Q4'24


Q3'24


Q2'24


Q1'24


Q4'23


FY24


FY23
















Net income before noncontrolling interest


$    67,340


$    54,738


$    55,309


$    60,364


$    65,355


$  237,751


$  327,513

Depreciation and amortization


31,654


29,764


30,274


30,726


30,521


122,418


118,237

Other, net


30,110


19,708


18,634


18,185


21,947


86,637


80,923

Net change in net working capital


(77,229)


(14,211)


(31,900)


16,750


(40,966)


(106,590)


(291,505)

Cash provided by operating activities


51,875


89,999


72,317


126,025


76,857


340,216


235,168
















Purchases of long-term investments


(3,300)


(600)


(700)


(600)


(500)


(5,200)


(2,500)

Net purchases of property & equipment


(22,597)


(22,772)


(29,611)


(34,216)


(37,803)


(109,196)


(189,958)

Cash used in investing activities


(25,897)


(23,372)


(30,311)


(34,816)


(38,303)


(114,396)


(192,458)
















Holdback paid in connection with previous
business combination








(8,558)

Net share repurchases


(60,412)


(54,629)


(17,477)


(115,619)


(30,397)


(248,137)


(103,681)

Net borrowing activities



(4,375)


(4,375)


(12,820)


4,070


(21,570)


(9,055)

Proceeds from sale of non-controlling
interest








215,799

Cash used for financing activities


(60,412)


(59,004)


(21,852)


(128,439)


(26,327)


(269,707)


94,505
















Effect of exchange rate changes


2,585


(772)


(886)


1,250


(1,245)


2,177


498
















Net change in cash & cash equivalents


$  (31,849)


$      6,851


$    19,268


$  (35,980)


$    10,982


$  (41,710)


$  137,713
















Free cash flow:















Cash provided by operating activities


$    51,875


$    89,999


$    72,317


$  126,025


$    76,857


$  340,216


$  235,168

Net purchases of property & equipment


(22,597)


(22,772)


(29,611)


(34,216)


(37,803)


(109,196)


(189,958)



$    29,278


$    67,227


$    42,706


$    91,809


$    39,054


$  231,020


$    45,210

Schedule 1

The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income and earnings per share. Management excludes from these measures stock-based compensation, restructuring, acquisition and integration expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.

Management excludes these items principally because such charges or benefits are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company's operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management's approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company's liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.

Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.

Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.

Restructuring, Acquisition and Integration Expenses, which consist of employee severance, lease termination costs, exit costs, environmental investigation, remediation and related employee costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the acquisition and integration of acquired businesses, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.

Impairment Charges for Goodwill and Other Assets, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.

Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.

Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, and gains and losses on sales of assets, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company's ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.

Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company's core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.

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SOURCE Sanmina Corporation

FAQ

What was Sanmina's (SANM) revenue for Q4 2024?

Sanmina's revenue for Q4 2024 was $2.02 billion.

How many shares did Sanmina (SANM) repurchase in fiscal 2024?

Sanmina repurchased approximately 4.0 million shares for $227 million in fiscal 2024.

What was Sanmina's (SANM) operating cash flow for fiscal 2024?

Sanmina generated $340 million in operating cash flow for fiscal 2024.

What was Sanmina's (SANM) Q4 2024 sequential revenue growth?

Sanmina's Q4 2024 revenue grew 9.6% sequentially.

Sanmina Corp

NASDAQ:SANM

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2.71%
Electronic Components
Printed Circuit Boards
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United States of America
SAN JOSE