Sanmina Corp is a leading integrated manufacturing solutions provider that specializes in delivering a range of services to original equipment manufacturers (OEMs) across various industries
The company focuses on designing, manufacturing, and supplying complex electronic products, from printed circuit boards to fully assembled electronic systems. With a strong emphasis on innovation and advanced technology, Sanmina offers end-to-end solutions including product design, supply chain management, and logistics. Its extensive global manufacturing footprint allows the company to serve a diverse clientele while meeting the rigorous quality and regulatory standards of sectors such as telecommunications, medical devices, aerospace, and defense.
Electronics manufacturing services company Sanmina (NASDAQSANM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 7% year on year to $2.01 billion. On the other hand, next quarter’s revenue guidance of $1.95 billion was less impressive, coming in 2.1% below analysts’ estimates. Its non-GAAP profit of $1.44 per share was 5.1% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Hubbell (NYSEHUBB) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Sanmina (NASDAQSANM) and its peers.
Sanmina has had an impressive run over the past six months as its shares have beaten the S&P 500 by 7.6%. The stock now trades at $75.47, marking a 13.9% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Electronics manufacturing services company Sanmina (NASDAQSANM) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 1.7% year on year to $2.02 billion. On the other hand, the company expects next quarter’s revenue to be around $1.98 billion, slightly below analysts’ estimates. Its GAAP profit of $1.09 per share was in line with analysts’ consensus estimates.
Investor sentiment took a hit on Tuesday as caution prevailed ahead of significant market events, including key tech earnings reports and the Federal Open Market Committee meeting.
Wall Street is likely to tenaciously hold onto the slender optimism ahead of a slew of earnings from notable companies and the Federal Reserve’s two-day rate-setting meeting that gets underway on Tuesday.
