SANM Stock Recent News

Sanmina (SANM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Sanmina delivered its fiscal Q1 2024 results Monday after the bell, meeting expectations on sales and beating on earnings. Management forecast that earnings will decline sequentially in fiscal Q2 -- but not by as much as Wall Street was expecting.

Sanmina Corporation (SANM) Q1 2024 Earnings Call Transcript

Shares of Sanmina Corp. rallied after hours on Monday after the tech-systems developer and services provider forecast second-quarter results that were above Wall Street's expectations and said it expected stronger results heading into the second half of the year.

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SAN JOSE, Calif. , Jan. 22, 2024 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its first quarter fiscal 2024 earnings conference call on Monday, January 29, 2024 at 5:00 PM ET.

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Sanmina shares plunged after the manufacturing and logistics solutions firm's CEO warned that it expects to face headwinds in the coming quarters. Its shares fell 15% to US45.11 mid-morning on Tuesday.

Sanmina Corporation (NASDAQ:SANM ) Q4 2023 Results Conference Call November 6, 2023 4:30 PM ET Company Participants Paige Melching - Senior Vice President of Investor Communications Jure Sola - Co-Founder, Executive Chairman & CEO Kurt Adzema - Vice President and Chief Financial Officer Conference Call Participants Anja Soderstrom - Sidoti Christian Schwab - Craig-Hallum Capital Group Operator Good day, and welcome to the Sanmina's Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Shares of Sanmina Corp. SANM, -1.03% slid 14% after hours on Monday after the manufacturing services provider's fourth-quarter results and first-quarter forecast missed expectations, and the company it expected consumer caution in the months ahead. Sanmina — which helps equipment manufacturers with product design, testing and logistics, and makes its own components — forecast first-quarter revenue of $1.85 billion to $1.95 billion and adjusted earnings per share of $1.20 to $1.30, below FactSet estimates for sales of $2.19 billion and a per-share profit of $1.52.