Sanmina Reports Third Quarter Fiscal 2025 Financial Results

Sanmina Corporation, a leading integrated manufacturing solutions company, has released its financial results for the third quarter of fiscal 2025, ending June 28, 2025. The company also provided an outlook for the fourth fiscal quarter ending September 27, 2025.

Financial Highlights

Sanmina reported a revenue of $2.04 billion for the third quarter, with a GAAP operating margin of 4.7% and a GAAP diluted EPS of $1.26. On a non-GAAP basis, the operating margin was 5.7% and the diluted EPS was $1.53. The company generated $201 million in cash flow from operations and $168 million in free cash flow. Share repurchases amounted to 0.2 million shares for $13 million, and the ending cash and cash equivalents stood at $798 million.

Business and Operational Highlights

Sanmina's focused execution and operational discipline have resulted in solid financial performance. The company exceeded its outlook in terms of revenue, non-GAAP gross margin, and non-GAAP diluted earnings per share. Operational efficiencies and a favorable business mix contributed to a healthy operating margin and robust cash generation.

Strategic Initiatives and Corporate Developments

During the third quarter, Sanmina repurchased 0.2 million shares for $13 million. The company continues to see growth in its customer base and new program wins, which are expected to drive solid results in the fourth quarter and into fiscal 2026.

Management's Perspective

Jure Sola, Chairman and CEO of Sanmina, stated, "Our focused execution and operating discipline yielded solid third quarter financial results. Revenue, non-GAAP gross margin, and non-GAAP diluted earnings per share exceeded our outlook. We continue to benefit from operational efficiencies and a favorable business mix as reflected in our healthy operating margin and robust cash generation."

Sola added, "Our customer base and pipeline of new opportunities continue to grow. Based on what we are seeing from our customers and new program wins, we are confident in our ability to deliver solid fourth quarter and fiscal year results with momentum continuing into fiscal 2026."

Future Outlook

For the fourth fiscal quarter ending September 27, 2025, Sanmina expects revenue between $2.0 billion to $2.1 billion, GAAP diluted earnings per share between $1.21 to $1.31, and non-GAAP diluted earnings per share between $1.52 to $1.62.

SEC Filing: SANMINA CORP [ SANM ] - 8-K - Jul. 28, 2025