Description

Sanmina Corporation: Will Its Enhanced Operational Execution & Margin Improvement Last In The Medium Term?

Sanmina Corporation reported its third-quarter fiscal 2025 earnings, revealing a strong performance that either met or exceeded their outlook across various financial metrics. The company recorded a revenue of approximately $2.04 billion, marking a 10.9% increase year-over-year, driven by robust demand across all end markets, particularly in communications networks and cloud infrastructure. The non-GAAP gross margin improved to 9.1%, a 60 basis point increase from the previous year, attributed to favorable product mix and operational efficiencies. The non-GAAP operating income was $115.7 million, representing 5.7% of revenue, indicating a 40 basis point improvement year-over-year.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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