Sanmina Full Year 2024 Earnings: In Line With Expectations

Simply Wall St.11-06

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 ...

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The decrease in margin was driven by lower revenue.NasdaqGS:SANM Earnings and Revenue Growth November 6th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  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.The company's shares are up 6.0% from a week ago.It is worth noting though that we have found 1 warning sign for Sanmina that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SANM":"新美亚电子"},"translate_title":"Sanmina 2024年全年收益：符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SANM":1},"content_text":"Sanmina (NASDAQ:SANM) Full Year 2024 Results\nKey Financial Results\n\nRevenue: US$7.57b (down 15% from FY 2023).\nNet income: US$222.5m (down 28% from FY 2023).\nProfit margin: 2.9% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue.\nEPS: US$4.00 (down from US$5.36 in FY 2023).\n\n\n\n\n  NasdaqGS:SANM Earnings and Revenue Growth November 6th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSanmina Meets Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations. \n 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. \nPerformance of the American Electronic industry.\n The company's shares are up 6.0% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 1 warning sign for Sanmina that you need to take into consideration. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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