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 (SANM) reported strong third-quarter fiscal 2025 results, with both revenue and net income exceeding the Zacks Consensus Estimate [1][2][3] Financial Performance - Net income on a GAAP basis was $68.6 million or $1.26 per share, up from $51.6 million or 91 cents per share in the prior-year quarter [2] - Non-GAAP net income was $83.6 million or $1.53 per share, compared to $70.8 million or $1.25 in the prior-year quarter, surpassing the Zacks Consensus Estimate of $1.42 [2] - Net sales increased to $2.04 billion from $1.84 billion year over year, beating the consensus estimate by $67 million [3] Segment Performance - Integrated Manufacturing Solutions generated $1.64 billion in revenues, an 11.6% increase year over year, contributing 80.7% to total revenues [4] - Components, Products and Services revenues rose to $422 million, up 8.8% year over year [4] - Industrial & Energy, Medical, Defense & Aerospace, and Automotive markets generated $1.256 billion in revenues, a 6.2% increase year over year [5] - Communications Networks and Cloud Infrastructure generated $786 million, up 19.2% year over year [5] Profitability Metrics - Non-GAAP gross profit was $186 million, compared to $157 million in the year-ago quarter, driven by a favorable mix and improved operational efficiency [6] - Non-GAAP operating income totaled $115.7 million, up from $96.8 million in the prior-year period, with a non-GAAP operating margin of 5.7%, slightly up from 5.3% [6] Cash Flow and Liquidity - Generated $200.8 million of net cash from operating activities, compared to $90 million in the previous year's quarter [7] - As of June 28, 2025, the company had $797.9 million in cash and cash equivalents and $287.2 million in long-term debt [7] - The company repurchased approximately 0.2 million shares for about $13 million during the quarter [7] Outlook - For the fourth quarter of fiscal 2025, revenues are expected to be in the range of $2-$2.1 billion, with GAAP earnings per share forecasted between $1.21 and $1.31 [10] - Management estimates non-GAAP earnings per share in the band of $1.52-$1.62 [10]