Overview

• Sanmina Q4 revenue grows to $2.1 bln, beating analyst expectations

• Non-GAAP diluted EPS for Q4 shows significant growth

• Company repurchased 1.44 mln shares for $114 mln in FY25

Outlook

• Sanmina expects Q1 revenue between $2.9 bln and $3.2 bln

• Company anticipates Q1 non-GAAP EPS between $1.95 and $2.25

• Sanmina sees growth opportunities in Cloud and AI end-market

Result Drivers

• COMMUNICATIONS AND CLOUD - Strong performance in Communications Networks and Cloud and AI Infrastructure sectors drove Q4 results, per CEO Jure Sola

• COST MANAGEMENT - Disciplined cost management contributed to meeting or exceeding Q4 outlook, according to CEO Jure Sola

• ZT SYSTEMS ACQUISITION - Acquisition of ZT Systems expected to enhance growth opportunities in Cloud and AI end-markets

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Sanmina Corp is $167.00, about 17.9% above its October 31 closing price of $137.05

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn2fWpZ2a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)