Sanmina-sci ( (SANM) ) has released its Q1 earnings. Here is a breakdown of the information Sanmina-sci presented to its investors.
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving various sectors including industrial, medical, defense, aerospace, and automotive markets. The company is well-known for delivering high-quality end-to-end manufacturing solutions globally.
In its latest earnings report for the first quarter of fiscal 2025, Sanmina reported robust financial results. The company achieved a revenue of $2.01 billion with a GAAP diluted EPS of $1.16, and non-GAAP diluted EPS of $1.44, reflecting strong performance above initial projections.
Key highlights from the report include a GAAP operating margin of 4.4% and a non-GAAP operating margin of 5.6%. Additionally, Sanmina generated $64 million in cash flow from operations and concluded the quarter with $642 million in cash and cash equivalents. The company also announced an expanded share repurchase program, authorizing up to an additional $300 million of common stock repurchases.
Looking ahead, Sanmina projects its second-quarter fiscal 2025 revenue to be between $1.9 billion to $2.0 billion, with GAAP diluted EPS ranging from $1.03 to $1.13 and non-GAAP diluted EPS between $1.30 to $1.40. The company remains optimistic about growth in fiscal 2025, driven by its operational discipline and commitment to servicing its customers effectively.
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