Filing Flows › Sanmina (SANM) › Q2 FY25
Sanmina (SANM) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 28, 2025
Sanmina (SANM) reported revenue of $2.0B for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and -1% from the quarter before. Operating margin was 4.6%, net earnings $64.2M (3.2% of revenue).
Sanmina, Q2 FY25: revenue $2.0B (+8% year over year), operating margin 4.6%, net earnings $64.2M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -1% | +8% |
| Gross profit | $176M | +5% | +14% |
| Operating profit | $91.6M | +3% | +21% |
| Net earnings | $64.2M | -1% | +22% |
| Operating cash flow | $157M | +145% | +117% |
| Free cash flow | $126M | +169% | +195% |
What changed
Revenue was $2.0B in Q2 FY25, up 8% year over year and down 1% from the previous quarter. IMS Third Party Revenue was the largest line at 80% of revenue. IMS Third Party Revenue added $0.14B year over year (up 10%), 94% of the total change.
Gross margin was 8.9%, up 0.4 points from a year earlier. Operating profit was $0.09B, a 4.6% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 4% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Research & development (+16%). Net earnings were $0.06B, up 22% year over year. The effective tax rate was 20.2%.
Operating cash flow was $0.16B (up 117% year over year), 222% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.03B left free cash flow of $0.13B.
Questions
What was Sanmina's revenue in the second quarter fiscal 2025?
Sanmina (SANM) reported revenue of $2.0B for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and -1% from the quarter before.
Was Sanmina profitable in the second quarter fiscal 2025?
Operating profit was $91.6M (4.6% of revenue) and net earnings $64.2M.
Source: Sanmina 10-Q on SEC EDGAR.