Sanmina Corporation Reports Strong Third Quarter Results for 2025 Fiscal Year

Sanmina Corporation Reports Impressive Q3 2025 Financial Results

Sanmina Corporation (NASDAQ: SANM), a prominent provider of integrated manufacturing solutions, announced its financial performance for the third quarter of fiscal 2025, concluding on June 28, 2025. This report indicates a notable increase in revenue, underscoring the company's strategic focus and operational efficiency.

Key Financial Highlights

In the third quarter, Sanmina achieved revenues of $2.04 billion, reflecting robust growth compared to previous quarters and driven by a favorable business mix and operational efficiencies. The company's GAAP operating margin stood at 4.7%, and it reported a diluted earnings per share (EPS) of $1.26. More importantly, on a non-GAAP basis, the operating margin was 5.7% with a diluted EPS of $1.53.

The cash flow metrics further highlight Sanmina's financial health: the company generated $201 million from operations and reported a free cash flow of $168 million. Additionally, Sanmina conducted share repurchases, acquiring 0.2 million shares for approximately $13 million. By the end of the quarter, cash and cash equivalents totaled $798 million, enhancing the company's liquidity and financial flexibility.

Insights from Leadership

Chairman and CEO Jure Sola commented on the third quarter results, stating, "Our focused execution and operating discipline yielded solid results as our revenue, non-GAAP gross margin, and diluted earnings per share all surpassed our initial expectations. We are witnessing increasing operational efficiencies, which are reflected in our healthy operating margin and strong cash generation."

Sola also expressed optimism regarding the future: "Our customer base continues to expand, and new program wins are being secured, which gives us confidence in our ability to maintain solid performance not only in Q4 but throughout fiscal year 2026."

Fourth Quarter Outlook

Looking ahead, Sanmina provided guidance for the fourth quarter of fiscal 2025, projecting revenues between $2.0 billion to $2.1 billion. The company anticipates diluted earnings per share will range between $1.21 to $1.31 on a GAAP basis, and $1.52 to $1.62 on a non-GAAP basis.

Conference Call

Sanmina will host a conference call on July 28, 2025, at 5:00 PM ET, to discuss the financial results and outlook in detail. Interested parties can access the call via the provided contact numbers or through a live webcast on Sanmina's website.

About Sanmina Corporation

Founded as a leader in the Electronics Manufacturing Services (EMS) sector, Sanmina Corporation offers integrated manufacturing solutions that cater primarily to high-demand industries such as industrial, medical, defense, automotive, telecommunications, and cloud computing. Their global facilities are strategically positioned to respond effectively to market demands, and their innovative manufacturing solutions contribute significantly to the technology landscape.

In summary, Sanmina Corporation's third-quarter results not only showcase a strong performance in fiscal 2025 but also lay a solid foundation for continued growth and success in the forthcoming quarters. With a focus on operational disciplines and a growing customer base, Sanmina is poised to navigate the evolving market landscape while delivering value to its stakeholders.