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Jun 29, 2024
Sanmina Q3 2024 Earnings Report
Sanmina reported third quarter results in line with outlook, seeing stabilization and demand improvement.
Key Takeaways
Sanmina Corporation reported financial results for the fiscal third quarter ended June 29, 2024. Revenue was $1.84 billion, GAAP diluted EPS was $0.91, and non-GAAP diluted EPS was $1.25. The company is starting to see stabilization and demand improve going into the fourth quarter and expects to see growth in fiscal 2025.
Revenue: $1.84 billion
GAAP operating margin: 4.5%
GAAP diluted EPS: $0.91
Non-GAAP diluted EPS: $1.25
Forward Guidance
The following outlook is for the fiscal fourth quarter ending September 28, 2024. Revenue is expected to be between $1.9 billion to $2.0 billion. GAAP diluted earnings per share are expected to be between $1.02 to $1.12. Non-GAAP diluted earnings per share are expected to be between $1.30 to $1.40.
Positive Outlook
- Revenue between $1.9 billion to $2.0 billion
- GAAP diluted earnings per share between $1.02 to $1.12
- Non-GAAP diluted earnings per share between $1.30 to $1.40
Historical Earnings Impact
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Avg. Return Before/After Earnings
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