SAN JOSE, Calif. /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the third quarter ended June 28, 2025 and outlook for its fourth fiscal quarter ending September 27, 2025.
Third Quarter Fiscal 2025 Financial Highlights
- Revenue: $2.04 billion
- GAAP operating margin: 4.7%
- GAAP diluted EPS: $1.26
- Non-GAAP(1) operating margin: 5.7%
- Non-GAAP(1) diluted EPS: $1.53
Additional Highlights
- Cash flow from operations: $201 million
- Free cash flow(2): $168 million
- Share repurchases: 0.2 million shares for $13 million
- Ending cash and cash equivalents: $798 million
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(1) |
See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release. |
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(2) |
See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release. |
“Our focused execution and operating discipline yielded solid third quarter financial results. Revenue, non-GAAP gross margin, and non-GAAP diluted earnings per share exceeded our outlook. We continue to benefit from operational efficiencies and a favorable business mix as reflected in our healthy operating margin and robust cash generation,” stated Jure Sola, Chairman and Chief Executive Officer.
“Our customer base and pipeline of new opportunities continue to grow. Based on what we are seeing from our customers and new program wins, we are confident in our ability to deliver solid fourth quarter and fiscal year results with momentum continuing into fiscal 2026,” concluded Sola.
Fourth Quarter Fiscal 2025 Outlook
The following outlook is for the fourth fiscal quarter ending September 27, 2025. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.0 billion to $2.1 billion
- GAAP diluted earnings per share between $1.21 to $1.31
- Non-GAAP diluted earnings per share between $1.52 to $1.62
Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the third quarter and outlook for the fourth quarter of fiscal 2025 on Monday, July 28, 2025 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference call will also be webcast live over the Internet. You can log on to the live webcast at Q3’25 Earnings. Additional information in the form of a slide presentation is available on Sanmina’s website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 81604#.
