Sanmina (NASDAQ:SANM) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Sanmina (NASDAQ:SANM - Get Free Report) posted its quarterly earnings results on Monday. The electronics maker reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03, Briefing.com reports. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Sanmina updated its Q3 2025 guidance to 1.350-1.450 EPS.

Sanmina Stock Up 1.1 %

Shares of SANM traded up $0.86 during mid-day trading on Friday, hitting $79.37. 48,516 shares of the company's stock were exchanged, compared to its average volume of 389,083. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. Sanmina has a twelve month low of $60.54 and a twelve month high of $91.12. The firm has a fifty day moving average of $76.56 and a two-hundred day moving average of $78.25. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.29 and a beta of 1.10.

Insider Buying and Selling

In related news, Director Eugene A. Delaney sold 11,712 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total value of $984,042.24. Following the transaction, the director now directly owns 65,408 shares of the company's stock, valued at approximately $5,495,580.16. This trade represents a 15.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mario M. Rosati sold 11,391 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $86.02, for a total value of $979,853.82. Following the sale, the director now directly owns 80,295 shares of the company's stock, valued at $6,906,975.90. The trade was a 12.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,405 shares of company stock worth $1,986,682. Corporate insiders own 3.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Bank of America upgraded Sanmina from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $58.00 to $92.00 in a research note on Wednesday, January 29th.

Sanmina announced that its board has approved a stock buyback program on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.