The earnings call highlighted strong financial performance and strategic growth initiatives, including impressive revenue growth and improved margins. The strategic acquisition of ZT Systems is expected to bolster future growth. However, challenges related to increased operating expenses, softer demand in the automotive segment, and geopolitical uncertainties were noted. Overall, the positives significantly outweigh the negatives.

Company Guidance -

Q4 2025

During Sanmina's Third Quarter Fiscal 2025 Earnings Conference Call, the company provided guidance indicating strong financial performance. They reported solid revenue of $2.04 billion, a year-over-year increase of 10.9%, driven by broad-based demand, particularly in the communications networks and cloud infrastructure markets. The non-GAAP gross margin was 9.1%, and non-GAAP diluted earnings per share (EPS) reached $1.53, representing a 22.8% increase from the previous year. The non-GAAP operating margin was 5.7%, at the high end of their outlook. For the nine months of fiscal year 2025, revenue increased by 8.7%, with non-GAAP EPS up by 13.5%. Looking ahead to the fourth quarter, Sanmina expects revenue between $2.0 billion and $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 highlighted their strategic acquisition of ZT Systems, expected to add $5 billion to $6 billion in annual net revenue, which will double Sanmina's net revenue within three years.

Strong Financial Performance

Sanmina reported third-quarter revenue of $2.04 billion, representing an increase of 10.9% year-over-year. Non-GAAP diluted earnings per share increased by 22.8% compared to the same period last year.

Improved Margins

Non-GAAP gross margin improved by 60 basis points to 9.1%, and non-GAAP operating margin improved by 40 basis points to 5.7% year-over-year.

Cash Flow and Liquidity

The company generated $201 million in cash flow from operations for the third quarter, leading to a total of $422 million for the first nine months of fiscal year 2025. Sanmina has a strong liquidity position with approximately $1.7 billion.

Communication Networks and Cloud Infrastructure Growth

This segment grew by 19.1% year-over-year, driven by strong demand for high-performance routers, switches, and optical network systems.

Strategic Acquisition of ZT Systems

Sanmina is on track to acquire ZT Systems, which is expected to add $5 billion to $6 billion of annual net revenue and double Sanmina's net revenue within the next three years.

Strong Balance Sheet

Sanmina maintains a robust balance sheet with a net positive cash position and a gross leverage ratio of 0.38x, positioning the company to invest in strategic initiatives.

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 Corp. (SANM) report earnings?

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

What is Sanmina-Sci Corp. (SANM) earnings time?

Sanmina-Sci Corp. (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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