Sanmina Corporation
Sanmina Corporation Reports Second Quarter Fiscal 2024 Financial Results and Provides Third Quarter Outlook
Summary
On April 29, 2024, Sanmina Corporation announced its financial results for the fiscal second quarter ended March 30, 2024. The company reported revenues of $1.83 billion and GAAP diluted earnings per share (EPS) of $0.93. Non-GAAP diluted EPS was $1.30. For the third quarter ending June 29, 2024, the company expects revenues between $1.8 billion and $1.9 billion and GAAP diluted EPS between $0.95 and $1.05. Non-GAAP diluted EPS is expected to be between $1.22 and $1.32. The financial results were in line with the company's outlook, with positive movement seen in some end-markets. Sanmina also provided a forward-looking statement indicating potential sequential improvement throughout 2024.
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About Sanmina Corporation
Sanmina Corporation is a leading provider of integrated manufacturing solutions, specializing in the design, manufacturing, and repair of complex electronics components and systems. The company serves several key industries, including communications networks, cloud solutions, computing and storage, defense and aerospace, industrial, medical, automotive, and clean technology. With expertise in advanced interconnect systems and enclosures, Sanmina offers its clients end-to-end supply chain solutions that enhance efficiency and speed-to-market. Known for its engineering excellence and global capabilities, the corporation operates manufacturing facilities across the Americas, Europe, and Asia, enabling it to support a diverse, multinational customer base. Sanmina's strategic focus on high-complexity, mission-critical products ensures its prominent role in the sectors it serves, driving innovation and quality across its service offerings. Positioned as a pivotal player in optimizing operational efficiencies, Sanmina plays an essential role in the infrastructure behind modern technological and industrial requirements, emphasizing its importance in the global market landscape.
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