A month has gone by since the last earnings report for Sanmina (SANM) . Shares have lost about 5.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Sanmina due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Sanmina Corporation before we dive into how investors and analysts have reacted as of late.Sanmina Q4 Earnings Surpass ...

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]