Description

Sanmina Corporation: Initiation Of Coverage – These Are The 4 Biggest Factors Catalyzing Their Growth! 

Sanmina Corporation has presented its financial results for the third quarter of fiscal 2024. The company reported revenue of $1.84 billion, a slight increase from the previous quarter and within the projected range of $1.8 billion to $1.9 billion. This marginal growth is attributed to an 8.3% sequential increase in the communications networks and cloud infrastructure markets, although tempered by declines in the industrial and automotive sectors. The non-GAAP gross margin recorded was 8.5%, a decrease compared to the previous quarters, influenced by an unfavorable mix. Similarly, non-GAAP operating margin stood at 5.3%, indicating a modest decline from the past year. These margins reflect ongoing challenges in product mix and operational efficiencies.

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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