
- Sanmina’s third-quarter revenue forecast is projected to be between $1.93 billion and $2.03 billion, which is slightly below the estimate of $2.06 billion.
- The adjusted earnings per share (EPS) forecast for the third quarter is $1.35 to $1.45, compared to the estimate of $1.43.
- For the second quarter, Sanmina reported net sales of $1.98 billion, a year-over-year increase of 8.1%, exceeding the estimate of $1.96 billion.
- The company’s adjusted EPS for the second quarter was $1.41, up from $1.30 year-over-year, and surpassing the estimate of $1.29.
- Sanmina’s outlook for fiscal 2025 remains positive, with expectations for a growth year as expressed by Sola.
- Analyst ratings for the company include 2 buy recommendations, 2 hold recommendations, and no sell recommendations.
Sanmina Corp on Smartkarma
Independent analysts on Smartkarma, such as Baptista Research, are closely covering Sanmina Corporation, a company in the spotlight for its recent financial performances. In a bullish sentiment report titled “Sanmina Corporation Outperforms With 19% GrowthβCloud Infrastructure Boom Fuels Record Revenues!” by Baptista Research, Sanmina’s Q1 FY2025 results were highlighted. The company’s revenue hit $2.01 billion, showing a 7% annual increase, with non-GAAP earnings per share of $1.44 exceeding expectations.
Continuing the positive outlook, another report by Baptista Research titled “Sanmina Corporation: Its Efforts Towards Expansion & Optimization of Manufacturing Capabilities Paying Off? – Major Drivers” analyzed Sanmina’s Q4 FY2024 performance. Despite challenges, Sanmina saw revenue of $2.02 billion, surpassing forecasts and achieving a 9.6% sequential increase. The company’s ability to navigate difficulties such as inventory adjustments with clients and still deliver non-GAAP EPS of $1.43 showcases a promising trajectory for investors to consider.
A look at Sanmina Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Sanmina Corp, a company that provides electronics contract manufacturing services globally, has a mixed outlook according to Smartkarma Smart Scores. With a momentum score of 5, indicating strong market momentum, Sanmina Corp seems to be performing well in the short term. However, the company’s dividend score of 1 suggests limited returns for investors seeking dividend income. Despite this, Sanmina Corp receives moderate scores of 3 in value, growth, and resilience, indicating a stable long-term outlook overall.
Specializing in circuit fabrication, system assembly, and high-end enclosures and cabling, Sanmina Corp‘s expertise lies in new product introduction and design for complex interconnect products. Investors considering this company should weigh the strong momentum against the lower dividend score, while also taking into account the moderate scores in value, growth, and resilience for a balanced assessment of its long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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