Sanmina Corp.

Overview Key strengths Key risks Conservative balance sheet positioned to weather tougher macroeconomic environment, higher operating costs, and elongated supply chain constraints. Continued supply chain constraints, a tougher macroeconomic environment, and volatile electronics manufacturing services (EMS) market can provide headwinds to the company's financial performance. Manufactured products that are considered mission-critical and highly complex. Highly competitive and intensely fragmented EMS space that includes larger players. Consistent unadjusted free operating cash flow (FOCF) generation. A smaller scale of operations compared to some of the larger peers in a highly competitive EMS space. During the first half of fiscal 2022, Sanmina saw its topline affected by the semiconductor supply chain shortage. However, due to good operational management, Sanmina was able to navigate

...Even in a tougher macroeconomic environment, we expect Sanmina to continue to generate strong topline growth on stable demand for its EMS products in fiscal 2023. During the first half of fiscal 2022, Sanmina saw its topline affected by the semiconductor supply chain shortage. However, due to good operational management, Sanmina was able to navigate that situation better than other EMS providers and perform well throughout fiscal 2022, with...

Full Report