Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; manufacturing of components, subassemblies, and complete systems; high-level assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services. It also provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, enterprise, radio frequency, optical, and microelectronic solutions; defense and aerospace products; and cloud-based manufacturing execution software. The company sells its products and services primarily to original equipment manufacturers that serve the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions industries. The company was formerly known as Sanmina-SCI Corporation and changed its name to Sanmina Corporation in November 2012. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.
IPO Year: 1993
Exchange: NASDAQ
Website: sanmina.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $62.00 | Buy → Hold | Craig Hallum |
| 3/6/2024 | $80.00 | Overweight | Fox Advisors |
| 12/15/2023 | $45.00 | Underperform | BofA Securities |
| 11/8/2022 | $78.00 | Neutral → Buy | Sidoti |
| 10/31/2022 | Buy → Neutral | Sidoti | |
| 12/22/2021 | $61.00 | Buy | Sidoti |
| 11/9/2021 | $46.00 → $38.00 | Neutral → Underperform | BofA Securities |
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SAN JOSE, Calif., Nov. 4, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024. Fourth Quarter Fiscal 2024 Financial Highlights • Revenue: $2.02 billion • GAAP operating margin: 4.4% • GAAP diluted EPS: $1.09 • Non-GAAP(1) operating margin: 5.3% • Non-GAAP(1) diluted EPS: $1.43 Fiscal Year 2024 Financial Highlights • Revenue: $7.57 billion • GAAP operating margin: 4.4% • GAAP diluted EPS: $3.91 • Non-GAAP(1) operating m
SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its fourth quarter and fiscal year 2024 earnings conference call on Monday, November 4, 2024 at 4:30 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serv
SAN JOSE, Calif., Oct. 8, 2024 /PRNewswire/ -- 42Q, a Sanmina division, a leading provider of cloud-based Manufacturing Execution Systems (MES), announces the launch and immediate availability of 42Q Connected Manufacturing. An innovative solution that addresses manufacturing supply challenges in real-time, providing global visibility, optimization and manufacturing supply insights. "Working with our customers and manufacturing partners around the world, it became clear that the legacy approach to collecting and processing multiple data sets from different factories, suppliers, and partners, forced companies to make critical decisions from stale, inaccurate, or incomplete data," said Manesh
SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Viking Enterprise Solutions; a division of Sanmina Corporation (NASDAQ:SANM), is proud to announce that it has received a "Best of Show" award at FMS: the Future of Memory and Storage, for its Viking Edge AI solution. The 'Best of Show' award is given to the most outstanding product, service, or innovation showcased at FMS. This recognition highlights Viking Enterprise Solutions commitment to excellence and innovation. Use cases for AI/ML workloads such as smart factories, media & entertainment, transportation & logistics, and healthcare are often challenged by not having compute and data together at the edge. Traditional architectures rely
SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended June 29, 2024 and outlook for its fiscal fourth quarter ending September 28, 2024. Third Quarter Fiscal 2024 Financial Highlights Revenue: $1.84 billionGAAP operating margin: 4.5%GAAP diluted EPS: $0.91Non-GAAP(1) operating margin: 5.3%Non-GAAP(1) diluted EPS: $1.25Cash flow from operations: $90 millionEnding cash and cash equivalents: $658 million(1) See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measur
SAN JOSE, Calif., July 19, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its third quarter fiscal 2024 earnings conference call on Monday, July 29, 2024 at 5:00 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader,
SAN JOSE, Calif., June 13, 2024 /PRNewswire/ -- 42Q, a Sanmina division, a leading provider of cloud-based Manufacturing Execution Systems (MES), announces the launch of its latest innovation in customer interaction and manufacturing automation: an advanced chatbot powered by Amazon Bedrock. This groundbreaking solution is designed to enhance communication, streamline manufacturing processes, and provide unparalleled support to clients across industries. Amazon Bedrock, Amazon's new service for building and scaling generative AI applications, provides the foundational technology that powers the 42Q chatbot, enabling it to engage users with greater accuracy, speed, and flexibility. The chatb
COSTA MESA, Calif., May 16, 2024 /PRNewswire/ -- Viking Technology, a division of Sanmina Corporation (NASDAQ:SANM), announces their newly released 16GB DDR4 Multi-Chip Package (MCP). This high-density MCP is engineered to excel in embedded systems and rugged applications, setting new standards for performance, efficiency, and compactness in demanding environments. "Viking's 16GB DDR4 MCP offers unmatched storage capacity in a compact BGA footprint. The new DDR4 MCP technology, delivers enhanced memory density and accelerated speeds compared to its predecessors," said Hamid Sh
SAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal second quarter ended March 30, 2024 and outlook for its fiscal third quarter ending June 29, 2024. Second Quarter Fiscal 2024 Financial Highlights Revenue: $1.83 billionGAAP operating margin: 4.1%GAAP diluted EPS: $0.93Non-GAAP(1) operating margin: 5.4%Non-GAAP(1) diluted EPS: $1.30Cash flow from operations: $72 millionEnding cash and cash equivalents: $651 million(1)See Schedule 1 below for more information regarding our use of non-GAAP financial measures. A reconciliation of th
SAN JOSE, Calif., April 22, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its second quarter fiscal 2024 earnings conference call on Monday, April 29, 2024 at 5:00 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology lea
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SAN JOSE, Calif., Nov. 4, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024. Fourth Quarter Fiscal 2024 Financial Highlights • Revenue: $2.02 billion • GAAP operating margin: 4.4% • GAAP diluted EPS: $1.09 • Non-GAAP(1) operating margin: 5.3% • Non-GAAP(1) diluted EPS: $1.43 Fiscal Year 2024 Financial Highlights • Revenue: $7.57 billion • GAAP operating margin: 4.4% • GAAP diluted EPS: $3.91 • Non-GAAP(1) operating m
SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its fourth quarter and fiscal year 2024 earnings conference call on Monday, November 4, 2024 at 4:30 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serv
SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended June 29, 2024 and outlook for its fiscal fourth quarter ending September 28, 2024. Third Quarter Fiscal 2024 Financial Highlights Revenue: $1.84 billionGAAP operating margin: 4.5%GAAP diluted EPS: $0.91Non-GAAP(1) operating margin: 5.3%Non-GAAP(1) diluted EPS: $1.25Cash flow from operations: $90 millionEnding cash and cash equivalents: $658 million(1) See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measur
SAN JOSE, Calif., July 19, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its third quarter fiscal 2024 earnings conference call on Monday, July 29, 2024 at 5:00 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader,
SAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal second quarter ended March 30, 2024 and outlook for its fiscal third quarter ending June 29, 2024. Second Quarter Fiscal 2024 Financial Highlights Revenue: $1.83 billionGAAP operating margin: 4.1%GAAP diluted EPS: $0.93Non-GAAP(1) operating margin: 5.4%Non-GAAP(1) diluted EPS: $1.30Cash flow from operations: $72 millionEnding cash and cash equivalents: $651 million(1)See Schedule 1 below for more information regarding our use of non-GAAP financial measures. A reconciliation of th
SAN JOSE, Calif., April 22, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its second quarter fiscal 2024 earnings conference call on Monday, April 29, 2024 at 5:00 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology lea
SAN JOSE, Calif., Jan. 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal first quarter ended December 30, 2023 and outlook for its fiscal second quarter ending March 30, 2024. First Quarter Fiscal 2024 Financial Highlights Revenue: $1.87 billionGAAP operating margin: 4.7%GAAP diluted EPS: $0.98Non-GAAP(1) operating margin: 5.5%Non-GAAP(1) diluted EPS: $1.30Additional First Quarter Highlights Cash flow from operations: $126 millionEnding cash and cash equivalents: $632 millionShare repurchases: 2.1 million shares for $106 millionNon-GAAP(1) pre-tax ROIC
SAN JOSE, Calif., Jan. 22, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its first quarter fiscal 2024 earnings conference call on Monday, January 29, 2024 at 5:00 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology lea
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended July 1, 2023 and outlook for its fiscal fourth quarter ending September 30, 2023. Third Quarter Fiscal 2023 Financial Highlights • Revenue: $2.21 billion • GAAP operating margin: 4.9% • GAAP diluted EPS: $1.28 • Non-GAAP(1) operating margin: 5.7% • Non-GAAP diluted EPS: $1.55 Additional Third Quarter Highlights • Cash flow from operations: $57 million • Ending cash and cash equivalents: $657 million • Share repurchases: ~970,000 shares for ~$51 million •
SAN JOSE, Calif., July 25, 2023 /PRNewswire/ -- Sanmina Corporation (NASDAQ:SANM) announced today that it will host its third quarter fiscal 2023 earnings conference call on Monday, July 31, 2023 at 5:30 PM ET. The live webcast presentation and supporting materials will be available on the Sanmina Investor Relations website located at ir.sanmina.com. A webcast replay will be available at the same location upon the conclusion of the event. About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina
Earnings reports and a dovish stance from the Federal Reserve lifted stocks last week. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes. Tech Giants Lead Charge: Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter. According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than us
Craig-Hallum analyst Christian Schwab downgrades Sanmina (NASDAQ:SANM) from Buy to Hold and announces $62 price target.
Gainers Marin Software (NASDAQ:MRIN) stock increased by 35.2% to $3.53 during Tuesday's pre-market session. The market value of their outstanding shares is at $10.6 million. Auddia (NASDAQ:AUUD) shares rose 23.93% to $2.04. The market value of their outstanding shares is at $4.8 million. Blend Labs (NYSE:BLND) shares increased by 23.11% to $2.77. The company's market cap stands at $698.1 million. Movano (NASDAQ:MOVE) shares increased by 10.8% to $0.51. The company's market cap stands at $50.0 million. 908 Devices (NASDAQ:MASS) shares increased by 9.81% to $6.32. The company's market cap stands at $207.9 million. As per the news, the Q1 earnings report came out today. Aeva Technologies
Gainers Marin Software (NASDAQ:MRIN) shares rose 37.9% to $3.6 during Monday's after-market session. The market value of their outstanding shares is at $10.8 million. Blend Labs (NYSE:BLND) shares rose 21.77% to $2.74. The market value of their outstanding shares is at $690.6 million. Focus Universal (NASDAQ:FCUV) shares rose 7.14% to $0.31. The market value of their outstanding shares is at $20.2 million. Amkor Tech (NASDAQ:AMKR) shares rose 7.11% to $33.71. The market value of their outstanding shares is at $8.2 billion. As per the news, the Q1 earnings report came out today. Inseego (NASDAQ:INSG) stock moved upwards by 5.26% to $4.4. The market value of their outstanding shares is at
Sanmina (NASDAQ:SANM) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.20 by 8.33 percent. This is a 18.24 percent decrease over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $1.835 billion which missed the analyst consensus estimate of $1.858 billion by 1.25 percent. This is a 20.91 percent decrease over sales of $2.320 billion the same period last year.
U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc. (NASDAQ:AAPL) on Thursday, a pivotal Federal Reserve Open Market Committee meeting on Wednesday, and the April’s jobs report on Friday. The S&P 500 rose 0.2% by midday trading in New York, following a 1% surge last Friday. Both the tech-heavy Nasdaq 100 and blue-chip stocks in the Dow Jones made similar gains. Small caps, as tracked by iShares Russell 2000 ETF (NYSE:IWM), outperformed large-cap stocks, rising as much as 0.9%. Tesla Inc. (NASDAQ:TSLA) g
U.S. stocks are looking to build on past week’s gains, with the mood remaining cautiously optimistic. The major index futures were modestly higher in early trading. Given the strong gains in the past week, it wouldn’t come as a surprise if traders choose to take some profits, especially with the Fed meeting looming. Analysts hope the upward momentum gains strength if the central bank chooses to deliver a dovish message. In the absence of any major Main Street cues, the focus is likely to rest solely on earnings. Futures Performance On Monday ( as of 6:20 a.m. EDT) FuturesPerformance (+/-)Nasdaq 100+0.24%S&P 500+0.16%Dow+0.12%R2K-0.00%In
Craig Hallum downgraded Sanmina from Buy to Hold and set a new price target of $62.00
Fox Advisors initiated coverage of Sanmina with a rating of Overweight and set a new price target of $80.00
BofA Securities resumed coverage of Sanmina with a rating of Underperform and set a new price target of $45.00
Sidoti upgraded Sanmina from Neutral to Buy and set a new price target of $78.00
Sidoti downgraded Sanmina from Buy to Neutral
Sidoti initiated coverage of Sanmina with a rating of Buy and set a new price target of $61.00
BofA Securities downgraded Sanmina from Neutral to Underperform and set a new price target of $38.00 from $46.00 previously
Craig Hallum reiterated coverage of Sanmina with a rating of Buy and set a new price target of $53.00 from $46.00 previously
Argus downgraded Sanmina from Buy to Hold
Argus upgraded Sanmina from Hold to Buy and set a new price target of $42.00
SAN JOSE, Calif., Dec. 5, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, announced today that Jon Faust has been appointed Executive Vice President and Chief Financial Officer, effective December 18, 2023. Kurt Adzema, who previously held this role, will remain with the Company in an advisory capacity until January 5, 2024. Faust brings over 20 years of finance, accounting, controls, and operations experience in large, public, multinational companies. Faust previously served as Global Controller and Head of Finance Transformation & Corporate Services at HP Inc., which he joined in August 2021. He was
SAN JOSE, Calif., June 13, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today announced the appointment of Susan K. Barnes and Mythili Sankaran to the Company's Board of Directors effective June 12, 2023. Susan K. BarnesBarnes has over 30 years of experience in financial management with private and public technology companies. Before retiring, Barnes was Executive Vice President and Chief Financial Officer of Pacific Biosciences, Inc., a life sciences technology company, from 2010 to 2020. During her tenure, she was instrumental in the company's IPO and equity follow-ons. From 1997 to 2005, Barnes
SAN JOSE, Calif., Dec. 8, 2022 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today announced the appointment of David V. Hedley III to the Company's Board of Directors, effective December 5, 2022. Hedley has 30 years of Wall Street experience as an investment banker with a focus on the technology sector. He is currently the Chief Strategy Officer of Bramshill Investments, LLC. Bramshill Investments is an asset management firm with $4.5 billion under management offering alternative fixed-income strategies. Hedley is responsible for leading strategic initiatives, developing the corporate vision, and manag
SAN JOSE, Calif., Dec. 10, 2021 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ:SANM), a leading integrated manufacturing solutions company, today announced the appointment of Susan Johnson, a seasoned executive, to the Company's Board of Directors, effective December 6, 2021. With more than 30 years of cross functional high-end technology experience, Ms. Johnson currently serves as Executive Vice President of Global Connections and Supply Chain for AT&T Communications Inc. She is responsible for AT&T's international and domestic partnership development for network access connections and roaming, and for AT&T's procurement and supply chain organizations. She began w
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