Sanmina Full Year 2024 Earnings: In Line With Expectations

Sanmina (NASDAQ:SANM) Full Year 2024 Results

Key Financial Results

• Revenue: US$7.57b (down 15% from FY 2023).
• Net income: US$222.5m (down 28% from FY 2023).
• Profit margin: 2.9% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$4.00 (down from US$5.36 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sanmina Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

Be aware that Sanmina is showing 1 warning sign in our investment analysis that you should know about...

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