Solid Revenue Growth
Sanmina reported revenue of $1.98 billion for the second quarter of fiscal year 2025, which was an 8.1% increase compared to the same period a year ago. This growth was primarily driven by advances in Communication Networks and Cloud Infrastructure end markets.
Strong Non-GAAP EPS Performance
The company achieved a non-GAAP EPS of $1.41, surpassing the outlook and marking a 7.8% increase compared to the previous year.
Healthy Balance Sheet
Sanmina maintained a strong balance sheet with $647 million in cash and cash equivalents and no outstanding borrowings on its $800 million revolver, providing substantial liquidity of approximately $1.5 billion.
Robust Segment Performance
IMS revenue increased by 9.8% year-over-year, while CPS revenue was up 3.3%. The CPS segment saw a 100 basis points improvement in gross margin, driven by favorable mix and operational efficiencies.
Positive Outlook for Key Markets
Sanmina projects revenue to grow between 6.0% and 8.0% on a full-year basis, with Communication Networks and Cloud Infrastructure showing strong demand and AI driving technology advancements.