Sanmina Corporation
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SAN JOSE, Calif., June 17, 2025 /PRNewswire/ -- Viking Enterprise Solutions, a product division of Sanmina Corporation (NASDAQ: SANM), today announced Viking Edge AI, an Edge AI Computational Storage Appliance that eliminates the constraints of traditional edge computing deployment.
Traditional edge architecture relies on constant data movement between the edge and the cloud because of limitations on storage, compute power and network access at the edge. This reduces efficiency due to challenges with latency, security, bandwidth and real time response. Viking Edge AI combines powerful compute, storage and network in one edge appliance allowing users to rapidly deploy their algorithms.
Transformational Acquisition Increases Sanmina's Scale and End-Market Exposure to Cloud and AI Infrastructure
Planned Divestiture by AMD Creates Preferred NPI Manufacturing Partnership with Sanmina, a Leading IMS Company
Purchase Price of $2.55 Billion Cash and Equity, Plus $450 Million in Contingent Consideration, Totaling Up to $3 Billion
Transaction Expected to be Accretive to Non-GAAP EPS in First Year Post-Close
Sanmina to Host Conference Call Today at 8:30 a.m. ET (5:30 a.m. PT)
SAN JOSE, Calif., May 19, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced that it has entered into a definitive agreement to acquire the data center infrastructure manufacturing business of ZT Systems, a leading provider of Cloud and AI infrastructure to the world's largest hyperscalers, from AMD (NASDAQ: AMD). The strategic acquisition further establishes Sanmina's position as an industry-leading, vertically integrated global manufacturing solutions provider that can now also accelerate its customers' at scale deployments of cutting-edge AI systems for the data center.
SAN JOSE, Calif., April 28, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the second quarter ended March 29, 2025 and outlook for its third fiscal quarter ending June 28, 2025.
Second Quarter Fiscal 2025 Financial Highlights
Revenue: $1.98 billionGAAP operating margin: 4.6%GAAP diluted EPS: $1.16Non-GAAP(1) operating margin: 5.6%Non-GAAP(1) diluted EPS: $1.41Additional Highlights
SAN JOSE, Calif., April 21, 2025 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its second quarter fiscal 2025 earnings conference call on Monday, April 28, 2025 at 5:00 PM ET.
The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event.
About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.
SAN JOSE, Calif., March 12, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced the appointment of Michael J. Loparco to the Company's Board of Directors, effective March 10, 2025.
Mr. Loparco is a seasoned executive with over 25 years of experience building and growing highly technical and global manufacturing businesses. Most recently, he served as CEO of Symbotic, an AI and software-driven warehouse robotics and automation company where he led the company's successful IPO. Before Symbotic, Mr. Loparco spent more than two decades at Jabil Inc., where he held various senior leadership positions. In his most recent role at Jabil, Mr. Loparco was CEO of the Electronics Manufacturing Services (EMS) segment. Additionally, he had executive ownership of Jabil's worldwide enterprise IT, global procurement, supply chain strategies and strategic investments. Prior to that, he served as CEO of Engineered Solutions Group. During his tenure at Jabil, he was responsible for driving growth, innovation, digital transformation, operational efficiencies, establishing technology roadmaps, transforming complex supply chains and working with OEM/JDM partners in a diverse array of end markets.
SAN JOSE, Calif., Jan. 27, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the first quarter ended December 28, 2024 and outlook for its second fiscal quarter ending March 29, 2025.
First Quarter Fiscal 2025 Financial Highlights
• Revenue: $2.01 billion
• GAAP operating margin: 4.4%
• GAAP diluted EPS: $1.16
• Non-GAAP(1) operating margin: 5.6%
• Non-GAAP(1) diluted EPS: $1.44
Additional Highlights
• Cash flow from operations: $64 million
• Free cash flow(2): $47 million
• Share repurchases: 0.2 million shares for $16 million
• Ending cash and cash equivalents: $642 million
(1) See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of
the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial
statements furnished with this release.
(2) See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release.
SAN JOSE, Calif., Jan. 16, 2025 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its first quarter fiscal 2025 earnings conference call on Monday, January 27, 2025 at 5:00 PM ET.
The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event.
About SanminaSanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.
SAN JOSE, Calif., Nov. 4, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024.
Fourth Quarter Fiscal 2024 Financial Highlights
• Revenue: $2.02 billion
• GAAP operating margin: 4.4%
• GAAP diluted EPS: $1.09
• Non-GAAP(1) operating margin: 5.3%
• Non-GAAP(1) diluted EPS: $1.43
Fiscal Year 2024 Financial Highlights
• Revenue: $7.57 billion
• GAAP operating margin: 4.4%
• GAAP diluted EPS: $3.91
• Non-GAAP(1) operating margin: 5.4%
• Non-GAAP(1) diluted EPS: $5.28
Additional Highlights
• Cash flow from operations: Q4 $52 million and FY'24 $340 million
• Free cash flow(2): $29 million in Q4 and $231 million in FY'24
• Share repurchases: 0.9 million shares for $65 million in Q4 and approximately 4.0 million shares for $227 million in FY'24
• Q4 ending cash and cash equivalents: $626 million
SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its fourth quarter and fiscal year 2024 earnings conference call on Monday, November 4, 2024 at 4:30 PM ET.
The live webcast presentation and supporting materials will be available on the Sanmina website at www.sanmina.com in the Investor Relations section. A webcast replay will be available at the same location upon the conclusion of the event.
SAN JOSE, Calif., Oct. 8, 2024 /PRNewswire/ -- 42Q, a Sanmina division, a leading provider of cloud-based Manufacturing Execution Systems (MES), announces the launch and immediate availability of 42Q Connected Manufacturing. An innovative solution that addresses manufacturing supply challenges in real-time, providing global visibility, optimization and manufacturing supply insights.
"Working with our customers and manufacturing partners around the world, it became clear that the legacy approach to collecting and processing multiple data sets from different factories, suppliers, and partners, forced companies to make critical decisions from stale, inaccurate, or incomplete data," said Manesh Patel, Chief Operating Officer at 42Q. "42Q Connected Manufacturing solves those problems and dramatically improves the time and quality of decision making, delivering operational efficiency and effectiveness that historically have been unavailable."
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