Sanmina (NASDAQ:SANM – Get Free Report) updated its second quarter 2025 earnings guidance on Monday. The company provided earnings per share guidance of 1.300-1.400 for the period, compared to the consensus earnings per share estimate of 1.420. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on SANM shares. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum raised their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.
Read Our Latest Report on Sanmina
Sanmina Stock Down 6.5 %
Sanmina (NASDAQ:SANM – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Analysts predict that Sanmina will post 4.84 earnings per share for the current fiscal year.
Sanmina declared that its Board of Directors has authorized a stock buyback program on Monday, January 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
About Sanmina
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.
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