Communications Networks & Cloud Infrastructure 33% Industrial/Medical/ Defense/Automotive 67% Cloud Infrastructure AI/ML – new opportunities Upgrades to cloud networks to meet AI traffic needs Industrial/Energy Solid base, new projects in the pipeline, lot of opportunity Generation and storage Power controls and management Factory automation and lithography Q3'24 Non-GAAP diluted EPS: $1.25, in line with our outlook Fiscal 2024 Continue to Execute on Our Strategy (Unaudited) Total liabilities and stockholde ...

Sanmina Corporation (NASDAQ:SANM) Q3 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Paige Melching - Senior Vice President, Investor Communications Jure Sola - Chairman and CEO Jon Faust - Executive Vice President and CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Steven Fox - Fox Advisors Christian Schwab - Craig-Hallum Capital Group Operator Good afternoon, ladies and gentlemen. And welcome to the Sanmina Corporation Third Quarter Fiscal 2024 Earnings Co ...

Core Viewpoint - Sanmina reported quarterly earnings that missed expectations, indicating potential challenges ahead for the company despite its strong year-to-date stock performance [1][8][12]. Financial Performance - Sanmina's revenues for the quarter ended June 2024 were $1.84 billion, missing the Zacks Consensus Estimate by 0.19% and down from $2.21 billion year-over-year [2]. - The company posted earnings of $1.25 per share, which was below the Zacks Consensus Estimate of $1.30 per share and down from $1.55 per share a year ago [8]. - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $1.97 billion, and for the current fiscal year, it is $5.40 on revenues of $7.52 billion [5]. Stock Performance - Sanmina shares have increased approximately 44.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 14.5% [3]. - The company has surpassed consensus EPS estimates two times over the last four quarters [9]. Earnings Outlook - The estimate revisions trend for Sanmina is currently mixed, leading to a Zacks Rank of 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [12]. - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [10]. Industry Context - The Electronics - Manufacturing Services industry, to which Sanmina belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [13].

Financial Performance - Revenue for Q3 FY24 was $1.84 billion, a decrease from $2.21 billion in Q3 FY23[15] - GAAP diluted EPS for Q3 FY24 was $0.91, compared to $1.28 in Q3 FY23[15] - Non-GAAP diluted EPS for Q3 FY24 was $1.25, down from $1.55 in Q3 FY23[17] - The company reported a GAAP operating margin of 4.5% for Q3 FY24, compared to 4.9% in Q3 FY23[17] - Non-GAAP operating margin for Q3 FY24 was 5.3%, slightly down from 5.7% in Q3 FY23[17] - Net income before noncontrolling interest for Q3'24 was $54,738 million, a decrease of 33.1% compared to Q3'23's $81,737 million[20] Cash Flow and Liquidity - Cash flow from operations for Q3 FY24 was $90 million, with ending cash and cash equivalents at $658 million[7] - Cash provided by operating activities increased to $89,999 million in Q3'24 from $56,509 million in Q3'23, representing a year-over-year growth of 59.2%[20] - Free cash flow for Q3'24 was $67,227 million, up from $4,342 million in Q3'23, indicating a significant improvement in cash generation[20] - Net change in cash and cash equivalents for Q3'24 was $6,851 million, compared to a decrease of $61,615 million in Q3'23[20] - Cash used in investing activities decreased to $23,372 million in Q3'24 from $52,667 million in Q3'23, reflecting a reduction in capital expenditures[20] Future Outlook - The outlook for Q4 FY24 projects revenue between $1.9 billion and $2.0 billion, with GAAP diluted EPS expected to be between $1.02 and $1.12[8] - Non-GAAP diluted EPS for Q4 FY24 is projected to be between $1.30 and $1.40[18] - The company anticipates growth in fiscal 2025, citing stabilization and improved demand going into Q4 FY24[3] Asset Management - Total assets as of June 29, 2024, were $4.66 billion, down from $4.87 billion as of September 30, 2023[13] - The net change in net working capital improved to $(14,211) million in Q3'24 from $(76,300) million in Q3'23, indicating better management of working capital[20] Other Financial Metrics - Net share repurchases in Q3'24 totaled $54,629 million, significantly higher than $52,072 million in Q3'23[20] - Depreciation and amortization expenses for Q3'24 were $29,764 million, slightly up from $29,898 million in Q3'23[20] - The company reported a net borrowing activity of $(4,375) million in Q3'24, consistent with the previous quarter[20] - The effect of exchange rate changes resulted in a loss of $(772) million in Q3'24, compared to a loss of $(452) million in Q3'23[20]

SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended June 29, 2024 and outlook for its fiscal fourth quarter ending September 28, 2024. Third Quarter Fiscal 2024 Financial Highlights Revenue: $1.84 billion GAAP operating margin: 4.5% GAAP diluted EPS: $0.91 Non-GAAP(1) operating margin: 5.3% Non-GAAP(1) diluted EPS: $1.25 Cash f ...

SAN JOSE, Calif., July 19, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its third quarter fiscal 2024 earnings conference call on Monday, July 29, 2024 at 5:00 PM ET. About Sanmina Sanmina Contact: Paige Melching SVP, Investor Communications 408.964.3610 SOURCE Sanmina Corporation The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available ...

Core Insights - The launch of the 42Q chatbot represents a significant advancement in manufacturing automation and customer interaction, leveraging Amazon Bedrock technology to enhance user engagement and operational efficiency [1][9]. Company Overview - 42Q is a division of Sanmina Corporation, a Fortune 500 company recognized as a leader in integrated manufacturing solutions, particularly in the Electronics Manufacturing Services (EMS) market [7]. - Sanmina serves various sectors including industrial, medical, defense, aerospace, automotive, communications networks, and cloud infrastructure [7]. Product Features - The 42Q chatbot is designed to provide automated customer support, handling a high volume of inquiries and offering instant responses to frequently asked questions, thereby reducing the workload on customer service teams [15]. - It supports multi-language capabilities, allowing users to interact in their local language and access information from various sources such as wikis and whitepapers [15]. - The chatbot integrates seamlessly with existing Manufacturing Execution Systems (MES), ensuring minimal disruption to ongoing operations [10][15]. - It features advanced natural language processing capabilities, enabling it to understand and respond to a wide range of user inputs [10]. - The chatbot can generate code examples for developers based on API documentation, enhancing its utility for technical users [15]. - Built on Amazon Bedrock, the chatbot is customizable and scalable, allowing organizations to tailor it to specific needs and grow alongside their operations [15]. Technological Integration - Amazon Bedrock provides the foundational technology for the 42Q chatbot, enhancing its accuracy, speed, and flexibility in user engagement [5]. - The chatbot is equipped to handle various tasks, including guiding users through complex MES functions and interacting with all 42Q's documentation resources [5][10]. Market Position - The introduction of the 42Q chatbot is expected to set a new standard in the manufacturing industry, reflecting the company's commitment to innovation and excellence [1][9].

COSTA MESA, Calif., May 16, 2024 /PRNewswire/ -- Viking Technology, a division of Sanmina Corporation (Nasdaq: SANM), announces their newly released 16GB DDR4 Multi-Chip Package (MCP). This high-density MCP is engineered to excel in embedded systems and rugged applications, setting new standards for performance, efficiency, and compactness in demanding environments. "Viking's 16GB DDR4 MCP offers unmatched storage capacity in a compact BGA footprint. The new DDR4 MCP technology, delivers enhanced memory den ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-21272 Sanmina Corporation (Exact name of registrant as specified in its charter) DE 77-0228183 (State or other jurisdiction of ( ...

Sanmina Corporation (NASDAQ:SANM) Q2 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants Paige Melching - SVP of Investor Communications Jure Sola - Chairman & CEO Jon Faust - EVP & CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Steven Fox - Fox Advisors LLC Anja Soderstrom - Sidoti Christian Schwab - Craig-Hallum Capital Group Operator Good afternoon, ladies and gentlemen, and welcome to Sanmina's Second Quarter Fiscal 2024 Earnings Conference Call. [Operator ...