Sanmina Corporation Reports Strong Q1 Earnings Growth

Sanmina Corporation's profit rises in Q1, signaling positive trends. The company's bottom line increased to $65 million, surpassing expectations with an EPS of $1.16, up from $0.98 last year.

Date: 28-01-2025

AI Rating: 7

Earnings Per Share (EPS): Sanmina Corporation reported an EPS of $1.16 for the first quarter, an increase from $0.98 in the same period last year. This indicates a strong performance and is a positive indicator for investors.

Revenue Growth: The company achieved a revenue increase of 7.0%, reaching $2.006 billion compared to $1.874 billion the previous year. This growth trend is favorable for the company's stock as it reflects the company's ability to expand its business.

Profit Margins: The reported profit of $65 million compared to $57.07 million last year further underscores the company's robust performance in relation to its revenue. This increase in net income supports overall positive sentiment for stock prices.

Looking forward, Sanmina has provided EPS guidance for the next quarter of $1.30 to $1.40, along with a revenue forecast of $1.9 to $2.0 billion, indicating management's expectation of continued growth.

Stocks: SANM