Sanmina Reports Third Quarter Fiscal 2025 Financial Results

Core Viewpoint - Sanmina Corporation reported solid financial results for the third quarter of fiscal 2025, with revenue and earnings exceeding expectations, and expressed confidence in continued growth into the fourth quarter and fiscal year 2026 [3][4]. Financial Highlights - Revenue for the third quarter was $2.04 billion, an increase from $1.84 billion in the same quarter of the previous year [10]. - GAAP operating margin was 4.7%, while non-GAAP operating margin was 5.7% [10]. - GAAP diluted earnings per share (EPS) was $1.26, and non-GAAP diluted EPS was $1.53 [10]. - Cash flow from operations was $201 million, with free cash flow of $168 million [10][17]. Fourth Quarter Outlook - The company anticipates fourth quarter revenue between $2.0 billion and $2.1 billion [11]. - GAAP diluted EPS is expected to range from $1.21 to $1.31, while non-GAAP diluted EPS is projected to be between $1.52 and $1.62 [11][16]. Operational Efficiency - The company benefited from operational efficiencies and a favorable business mix, contributing to a healthy operating margin and robust cash generation [3]. - The customer base and pipeline of new opportunities are growing, indicating potential for continued momentum [4]. Cash Position - Ending cash and cash equivalents stood at $798 million, reflecting a strong liquidity position [10]. - The company repurchased 0.2 million shares for $13 million during the quarter [10]. Balance Sheet Strength - Total assets increased to $5.22 billion as of June 28, 2025, compared to $4.82 billion a year earlier [12]. - Stockholders' equity rose to $2.47 billion, up from $2.36 billion [12]. Conference Call Information - Sanmina will hold a conference call to discuss its financial results and outlook on July 28, 2025 [8].