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Sanmina Reports Second Quarter Fiscal 2025 Financial Results
SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions
About this update from Sanmina Corporation
[{"type":"text","content":"SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Sanmina Corporation (\"Sanmina\" or the \"Company\") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the second quarter ended March 29, 2025 and outlook for its third fiscal quarter ending June 28, 2025.\n\nSecond Quarter Fiscal 2025 Financial Highlights\nRevenue: $1.98 billionGAAP operating margin: 4.6%GAAP diluted EPS: $1.16Non-GAAP(1) operating margin: 5.6%Non-GAAP(1) diluted EPS: $1.41Additional Highlights\nCash flow from operations: $157 millionFree cash flow(2): $126 millionShare repurchases: 1.03 million shares for $84 millionEnding cash and cash equivalents: $647 million(1) \nSee 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.\n(2) \nSee Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release.\n\"We delivered solid financial results for the second quarter, with revenue at the high end and non-GAAP earnings per share exceeding our outlook. Our ability to adapt to the evolving environment is reflected in our consistent operating margin and strong cash generation,\" stated Jure Sola, Chairman and Chief Executive Officer. \"Our regional manufacturing footprint has enabled us to be agile and responsive to support our customers during these uncertain times. We remain focused on operational execution and driving shareholder value. Based on our results for the first half of fiscal 2025 and our outlook for the third quarter, we remain confident that fiscal 2025 will be a growth year,\" Sola concluded. \nThird Quarter Fiscal 2025 OutlookThe following outlook is for the third fiscal quarter ending June 28, 2025. These statements are forward-looking and actual results may differ materially. \nRevenue between $1.925 billion to $2.025 billionGAAP diluted earnings per share between $1.05 to $1.15Non-GAAP diluted earnings per share between $1.35 to $1.45Safe Harbor StatementThe statements above including our financial outlook for the third quarter fiscal 2025 and expectations for growth in fiscal 2025 generally, constitute ...