Sanmina Corp

SANM

Equity

ISIN US8010561020 / Valor 19981543

NASDAQ (2024-09-17)

USD 68.50+1.38%

Sanmina Corp
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About company

Sanmina Corp is a global provider of integrated manufacturing solutions, offering a wide range of services including order fulfillment, logistics, and after-market services for complex subassemblies and systems. With a focus on delivering high-quality products and services to a diverse customer base, Sanmina plays a crucial role in the supply chain of various industries. The company's expertise in manufacturing and logistics allows them to efficiently meet the needs of their clients, contributing to their success in the competitive market.

Summarized from source with an LLMView SourceSector: Technology

Revenue

Sanmina Corp reported revenue of $1.84 billion for the third quarter of fiscal 2024, reflecting a decrease from the previous year's third quarter revenue of $2.21 billion. This decline is attributed to various market conditions and customer demand fluctuations.

Operating Margin

For the third quarter of fiscal 2024, Sanmina Corp achieved a GAAP operating margin of 4.5% and a non-GAAP operating margin of 5.3%. These figures indicate a slight improvement in operational efficiency compared to the previous quarter.

Earnings Per Share

Sanmina Corp's GAAP diluted earnings per share (EPS) for the third quarter of fiscal 2024 was $0.91, while the non-GAAP diluted EPS was $1.25. These earnings are in line with the company's outlook and reflect its ongoing efforts to maintain profitability.

Cash Flow

Sanmina Corp generated $90 million in cash flow from operations during the third quarter of fiscal 2024. The company ended the quarter with $658 million in cash and cash equivalents, showcasing its strong liquidity position.

Fourth Quarter Outlook

Looking ahead, Sanmina Corp expects revenue for the fourth quarter of fiscal 2024 to be between $1.9 billion and $2.0 billion. The company also projects GAAP diluted EPS to range from $1.02 to $1.12 and non-GAAP diluted EPS to be between $1.30 and $1.40.

Summarized from source with an LLMView Source

Key figures

31.2%1Y

78.1%3Y

110%5Y

Performance

42.8%1Y

36.3%3Y

39.0%5Y

Volatility