SANMINA REPORTS FOURTH QUARTER AND FISCAL 2025 FINANCIAL RESULTS

Core Insights - Sanmina Corporation reported strong financial results for Q4 and fiscal year 2025, driven by growth in Communications Networks and Cloud and AI Infrastructure markets [3][4] - The company anticipates continued strength in its legacy business and sees significant growth opportunities following the acquisition of ZT Systems [4] Financial Highlights - Fourth Quarter Fiscal 2025: - Revenue: $2.1 billion - GAAP operating margin: 3.7% - GAAP diluted EPS: $0.88 - Non-GAAP operating margin: 6.0% - Non-GAAP diluted EPS: $1.67 - Cash flow from operations: $199 million - Free cash flow: $137 million - Ending cash and cash equivalents: $926 million [2] - Fiscal Year 2025: - Revenue: $8.1 billion, an increase of 7.4% year-over-year - GAAP operating margin: 4.4% - GAAP diluted EPS: $4.46 - Non-GAAP operating margin: 5.7% - Non-GAAP diluted EPS: $6.04 - Cash flow from operations: $621 million - Free cash flow: $478 million - Share repurchases: Approximately 1.44 million shares for $114 million [2][4] Strategic Outlook - The acquisition of ZT Systems is expected to enhance Sanmina's scale and capabilities, particularly in the Cloud and AI sectors, providing a competitive advantage [4] - The company is optimistic about its growth trajectory for fiscal year 2026, supported by demand from both new and existing customers [4]