#United States #San Jose #financial results #Sanmina Corporation #NASDAQ SANM

Sanmina Corporation's Q1 Financial Overview

Sanmina Corporation, a leading player in integrated manufacturing solutions, reported its financial results for the first quarter ending December 27, 2025. The figures highlight a robust performance, with total revenue reaching $3.19 billion, showcasing a significant increase from previous quarters. The company's GAAP operating margin stood at 2.3%, while its non-GAAP operating margin reached an impressive 6.0%. These numbers underscore a strong operational performance driven by the growing demand for innovative manufacturing solutions.

Key Financial Metrics

For the first quarter, the following financial highlights have been noted:

• - GAAP diluted EPS: $0.89
• - Non-GAAP diluted EPS: $2.38
• - Operating cash flow: $179 million
• - Free cash flow: $92 million
• - Share repurchases: 516 thousand shares for $79 million
• - Ending cash and cash equivalents: $1.42 billion

These metrics illustrate not only steady revenue growth but also sound cash management strategies by Sanmina. Jure Sola, the Chairman and CEO, expressed satisfaction with the quarter's performance, stating, "Fiscal 2026 is off to a great start, with Q1 revenue and non-GAAP operating margin at the high-end of our outlook."

Market Demand and Strategic Integration

The demand for AI-driven hardware in the Communications Networks and Cloud AI Infrastructure markets has been pivotal in driving revenue growth. The acquisition of ZT Systems has integrated well into Sanmina’s operations, further strengthening their offerings in these sectors. Sola noted, "The integration of ZT Systems is in line with our expectations and we are excited about the opportunities ahead."

The company's focus on nurturing deeper relationships with its customers has resulted in a profitable growth trajectory that bolsters both cash generation and shareholder value. This customer-centric approach is intended to position Sanmina favorably within a rapidly evolving technological landscape.

Q2 Fiscal 2026 Outlook

Looking ahead, Sanmina has forecasted revenue for the second quarter of fiscal 2026 to range between $3.1 billion and $3.4 billion. Additionally, expected non-GAAP diluted earnings per share are projected to fall between $2.25 and $2.55. However, management acknowledges risks associated with market volatility and geopolitical uncertainties that could impact the realization of these forecasts.

Conclusion

As Sanmina progresses through fiscal 2026, its financial health and strategic moves indicate a proactive stance towards sustaining growth and profitability. The upcoming conference call will provide further insights into the company’s quarterly performance and future strategies, along with a detailed discussion of its initiatives in the vibrant electronics manufacturing services sector.

For more information about Sanmina Corporation and its strategic initiatives, visit www.sanmina.com.