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Sanmina-Sci Corp. (SANM)
NASDAQ:SANM
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.36Last Year’s EPS
1.3Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 13.97%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong revenue performance exceeding expectations, improved inventory management, and robust cash flow. However, challenges remain with IMS segment margin decline and higher-than-expected operating expenses. The company is optimistic about growth opportunities in fiscal 2025.Company Guidance
During the earnings call for Sanmina's fourth quarter and fiscal year 2024, the company provided guidance for the first quarter of fiscal 2025, projecting revenue between $1.925 billion and $2.025 billion. The non-GAAP gross margin is anticipated to be between 8.4% and 8.8%, while operating expenses are expected to range from $62 million to $66 million. The company aims for a non-GAAP operating margin between 5.3% and 5.7%, and projects non-GAAP EPS in the range of $1.30 to $1.40, based on approximately 56 million fully diluted shares outstanding. The tax rate is expected to be between 20% and 22%, with capital expenditures around $30 million and depreciation estimated at $30 million. The guidance reflects Sanmina's expectation of a growth year in fiscal 2025, driven by high-single-digit revenue growth, margin expansion through new program launches, and targeted investments in strategic areas.Record Revenue and EPS Exceeds Expectations
Fourth quarter revenue of $2.02 billion exceeded the outlook of $1.9 billion to $2.0 billion, representing a 9.6% sequential increase. Non-GAAP EPS reached $1.43, surpassing the high end of the outlook range of $1.30 to $1.40.
Strong Performance in CPS Segment
CPS revenue increased 7.6% sequentially, with a gross margin of 13.6%, up 210 basis points sequentially and 280 basis points year-over-year.
Improved Inventory Management
Inventory turns improved to 5.4x from 4.9x in the previous quarter, indicating better inventory management and efficiency.
Robust Cash Flow and Shareholder Returns
Free cash flow for the year was $231 million, up $186 million year-over-year. The company repurchased 4 million shares for approximately $227 million, returning nearly 100% of free cash flow to shareholders.
Positive Outlook for Fiscal 2025
Forecasted revenue growth in high-single digits for fiscal year 2025, with expected margin expansion and non-GAAP EPS growth faster than revenue.
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SANM Earnings History
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
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SANM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $72.80 | $74.40 | +2.20% |
| Jul 29, 2024 | $74.96 | $73.57 | -1.85% |
| Apr 29, 2024 | $64.00 | $60.67 | -5.20% |
| Jan 29, 2024 | $50.63 | $64.91 | +28.20% |
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.
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FAQ
When does Sanmina-Sci Corp. (SANM) report earnings?
Sanmina-Sci Corp. (SANM) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Sanmina-Sci Corp. (SANM) earnings time?
Sanmina-Sci Corp. (SANM) earnings time is at Jan 27, 2025, TBA Not 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 (Q1) is 1.36.
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