Sanmina Corp (SANM) Earnings: 1Q Net Sales Surpass Estimates with $2.01 Billion; Strong EPS Performance

Sanmina Corp on Smartkarma

Independent analysts on Smartkarma, such as Baptista Research, have been closely monitoring Sanmina Corporation’s performance. According to Baptista Research‘s report titled “Sanmina Corporation: Its Efforts Towards Expansion & Optimization of Manufacturing Capabilities Paying Off? – Major Drivers,” Sanmina recently presented its financial results for the fourth quarter and fiscal year 2024. The company surpassed revenue expectations, reaching $2.02 billion, marking a sequential increase of 9.6%. Despite challenges, Sanmina achieved non-GAAP earnings per share (EPS) of $1.43, exceeding projections.

In another report by Baptista Research, titled “Sanmina Corporation: How Is The Management Carrying Out The Diversification Of Revenue Streams? – Major Drivers,” analysts examined Sanmina’s financial results for the third quarter of fiscal 2024. The company reported revenue of $1.84 billion, with marginal growth attributed to a sequential increase in communications networks and cloud infrastructure markets. However, declines in industrial and automotive sectors tempered the overall revenue growth for Sanmina Corporation.

A look at Sanmina Corp Smart Scores

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 provider of electronics contract manufacturing services globally, shows a mixed outlook based on Smartkarma Smart Scores. While it scores moderately in value and growth factors, indicating a steady but not remarkable performance in these areas, its dividend score is lower, suggesting limited returns in terms of dividend payouts. However, the company exhibits strength in resilience and momentum, with a solid score in both categories. This resilience signifies Sanmina Corp‘s ability to weather economic uncertainties and challenges, while its momentum implies a strong upward trend in various aspects of its operations. Overall, the company’s outlook appears promising, particularly in terms of its ability to adapt and grow in the face of changing market conditions.

Summary: Sanmina Corporation specializes in providing electronics contract manufacturing services globally, with a focus on new product introduction, manufacturing, design, and fabrication of complex interconnect products. The company’s expertise lies in circuit fabrication, system assembly, integration, and high-end enclosures and cabling. Despite mixed Smartkarma Smart Scores, Sanmina Corp‘s emphasis on resilience and momentum positions it well for long-term success in the dynamic electronics manufacturing industry.

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