Sanmina(US:SANM)2025-07-28 21:00Q3 Fiscal Year 2025 Financial Performance - Revenue for Q3 FY'25 reached $2.042 billion, exceeding both the outlook range of $1.925 billion - $2.025 billion and the Q3 FY'24 revenue of $1.841 billion[11, 35] - Gross margin was 9.1%, surpassing the outlook range of 8.6% - 9.0%[11] - Operating margin was 5.7%, aligning with the high end of the outlook range of 5.4% - 5.8%[11] - Diluted EPS was $1.53, exceeding the outlook range of $1.35 - $1.45[11] Balance Sheet and Cash Flow - Cash and cash equivalents totaled $798 million as of June 28, 2025[21] - The company has substantial liquidity of approximately $1.7 billion, with no borrowings under the $800 million Revolver at quarter end[24] - Cash flow from operations was $201 million, with net CapEx of $33 million, resulting in free cash flow of $168 million[25] - The company repurchased 0.2 million shares for $13 million in Q3, and 1.4 million shares for $114 million year-to-date[25] Q4 Fiscal Year 2025 Outlook - Revenue is projected to be between $2.0 billion and $2.1 billion[28] - GAAP diluted EPS is expected to be in the range of $1.21 to $1.31, while non-GAAP diluted EPS is projected to be between $1.52 and $1.62[28] ZT Systems Acquisition - The acquisition of ZT Systems is on track to close near the end of the 2025 calendar year and is expected to generate $5 - $6 billion of net revenue on a run-rate basis[31] - The acquisition is expected to double Sanmina's net revenue within the next 3 years and be accretive to non-GAAP EPS in the first year after closing[31]