Q3 2025 Sanmina Corp Earnings Call Transcript

Jul 28, 2025 / 09:00PM GMT

Release Date Price: €84.02 (+0.67%)

Transcript 10-Q8-K

Key Points

Positve

Sanmina Corp (SANM) reported solid revenue of $2.04 billion for the third quarter, exceeding their outlook.
Non-GAAP diluted earnings per share increased by 22.8% year over year, reaching $1.53.
The company achieved a non-GAAP operating margin of 5.7%, at the high end of their outlook.
Sanmina Corp (SANM) generated strong cash flow from operations, totaling $201 million for the third quarter.
The planned acquisition of ZT Systems is expected to add $5 billion to $6 billion of annual net revenue, potentially doubling Sanmina's revenue within three years.

Negative

Non-GAAP operating expenses were slightly above outlook, reflecting continued strategic investments.
The automotive and transportation segment experienced some softness with slower demand.
There are ongoing uncertainties related to tariffs and the geopolitical landscape, which could impact future performance.
The acquisition of ZT Systems involves a significant investment in working capital, primarily inventory, which carries inherent risks.
The company's guidance for the fourth quarter suggests a slowdown in year-over-year revenue growth compared to the third quarter.

Operator

Good afternoon, ladies and gentlemen, and welcome to the Sanmina's third-quarter fiscal 2025 earnings conference call. (Operator Instructions) This call is being recorded on Monday, July 28, 2025.

I would now like to turn the conference over to Paige Melching, Senior Vice President of Investor Communications. Please go ahead.

Paige Melching

Sanmina Corp - Senior Vice President - Investor Communications

Thank you, Chloe. Good afternoon, ladies and gentlemen, and welcome to Sanmina's third-quarter fiscal year 2025 earnings call. A copy of our press release and slides for today's discussion are available on our website at sanmina.com in the Investor Relations section. Joining me on today's call is Jure Sola, Chairman and Chief Executive Officer.

Jure Sola

Sanmina Corp - Chairman of the Board, Chief Executive Officer

Good afternoon.

Paige Melching

Sanmina Corp - Senior Vice President - Investor Communications

And Jon Faust, Executive Vice President and Chief

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.