Sanmina's earnings call demonstrated strong financial performance and strategic advancements, including significant revenue and EPS growth, robust cash flow, and a promising acquisition poised to enhance future growth. However, challenges such as increased operating expenses, segment-specific demand softness, and geopolitical uncertainties were acknowledged.

Company Guidance -

Q4 2025

During Sanmina's third quarter fiscal 2025 earnings call, the company reported a solid financial performance, exceeding their outlook with revenue reaching $2.04 billion and a non-GAAP EPS of $1.53 per share. The non-GAAP gross margin was reported at 9.1%, while the non-GAAP operating margin stood at 5.7%. The company achieved a 10.9% year-over-year revenue increase, driven by demand across all end markets, especially in communications networks and cloud infrastructure. Non-GAAP operating income was $115.7 million, with non-GAAP operating expenses at $70.3 million. The company generated $201 million in cash flow from operations in the quarter and $422 million for the first nine months of the fiscal year. They also reported strong liquidity, with $798 million in cash and cash equivalents and no outstanding borrowings on their $800 million revolver. Furthermore, Sanmina provided guidance for the fourth quarter, expecting revenue between $2.0 billion to $2.1 billion, non-GAAP gross margin between 8.7% and 9.2%, and non-GAAP EPS in the range of $1.52 to $1.62. They also updated on their acquisition of ZT Systems, which is expected to add $5 billion to $6 billion of annual revenue and is anticipated to double Sanmina's net revenue within three years.

Revenue and EPS Growth

Sanmina reported solid revenue of $2.04 billion, representing a 10.9% increase year-over-year, and non-GAAP EPS of $1.53, which is a 22.8% increase versus the same period last year.

CPS Segment Performance

CPS revenue increased by 8.8% year-over-year, with a non-GAAP gross margin of 14.7%, a 320 basis point improvement year-over-year, driven by higher revenue, favorable mix, and operational efficiencies.

Strong Cash Flow

Cash flow from operations for the third quarter was $201 million, with free cash flow of $168 million, allowing for continued investments and shareholder returns.

Strategic Acquisition

Sanmina is on track to acquire ZT Systems, expected to add $5 billion to $6 billion of annual net revenue and double Sanmina's net revenue over the next 3 years, positioning the company in the data center and AI infrastructure end market.

Solid Balance Sheet

Sanmina maintained a strong balance sheet with cash and cash equivalents of $798 million, no outstanding borrowings, and a non-GAAP pretax ROIC of 24.8%.

Sanmina-Sci (SANM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SANM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q4)	1.57 / -	1.43	―	―	―
Jul 28, 2025	2025 (Q3)	1.42 / 1.53	1.25	22.40% (+0.28)
Apr 28, 2025	2025 (Q2)	1.38 / 1.41	1.3	8.46% (+0.11)
Jan 27, 2025	2025 (Q1)	1.36 / 1.44	1.3	10.77% (+0.14)
Nov 04, 2024	2024 (Q4)	1.36 / 1.43	1.42	0.70% (+0.01)
Jul 29, 2024	2024 (Q3)	1.28 / 1.25	1.55	-19.35% (-0.30)
Apr 29, 2024	2024 (Q2)	1.25 / 1.30	1.59	-18.24% (-0.29)
Jan 29, 2024	2024 (Q1)	1.22 / 1.30	1.64	-20.73% (-0.34)
Nov 06, 2023	2023 (Q4)	1.53 / 1.42	1.5	-5.33% (-0.08)
Jul 31, 2023	2023 (Q3)	1.53 / 1.55	1.3	19.23% (+0.25)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SANM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$98.34	$120.76	+22.80%
Apr 28, 2025	$80.73	$79.01	-2.13%
Jan 27, 2025	$78.51	$81.02	+3.20%
Nov 04, 2024	$72.80	$74.40	+2.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sanmina-sci (SANM) report earnings?

Sanmina-sci (SANM) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is Sanmina-sci (SANM) earnings time?

Sanmina-sci (SANM) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SANM EPS forecast?

SANM EPS forecast for the fiscal quarter 2025 (Q4) is 1.57.

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