Filing Flows › Sanmina (SANM) › Q3 FY25
Sanmina (SANM) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 28, 2025
Sanmina (SANM) reported revenue of $2.0B for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and +3% from the quarter before. Operating margin was 4.7%, net earnings $68.6M (3.4% of revenue).
Sanmina, Q3 FY25: revenue $2.0B (+11% year over year), operating margin 4.7%, net earnings $68.6M, operating cash flow $201M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +3% | +11% |
| Gross profit | $181M | +3% | +18% |
| Operating profit | $95.9M | +5% | +16% |
| Net earnings | $68.6M | +7% | +33% |
| Operating cash flow | $201M | +28% | +123% |
| Free cash flow | $164M | +30% | +150% |
What changed
Revenue was $2.0B in Q3 FY25, up 11% year over year and up 3% from the previous quarter. IMS Third Party Revenue was the largest line at 80% of revenue. IMS Third Party Revenue added $0.17B year over year (up 12%), 85% of the total change.
Gross margin was 8.9%, up 0.5 points from a year earlier. Operating profit was $0.10B, a 4.7% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 4% margin then. Operating expenses grew 20% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+321%). Net earnings were $0.07B, up 33% year over year. The effective tax rate was 20.3%.
Operating cash flow was $0.20B (up 123% year over year), 275% 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 $0.08B. Capital expenditures of $0.04B left free cash flow of $0.16B.
Questions
What was Sanmina's revenue in the third quarter fiscal 2025?
Sanmina (SANM) reported revenue of $2.0B for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and +3% from the quarter before.
Was Sanmina profitable in the third quarter fiscal 2025?
Operating profit was $95.9M (4.7% of revenue) and net earnings $68.6M.
Source: Sanmina 10-Q on SEC EDGAR.