The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ruplu Bhattacharya - Bank of America - Analyst
: Hi, thank you for taking my questions. Hi, Jure. I wanted to ask you about the guidance for fiscal '25. So you're guiding for high single digit growth
on revenues. You know, 11 aspect of that is the cloud infrastructure business. Can you remind us, you know how much of this growth, high single
digits do you think comes from this cloud infrastructure segment? And you talked about adding new capabilities? So what is it that you're doing
today? What is the capability that you're adding? And how many customers do you have? Do you have one customer in cloud infrastructure? And
how do you see that business growing?
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JANUARY 27, 2025 / 10:00PM, SANM.OQ - Q1 2025 Sanmina Corp Earnings Call
Question: Ruplu Bhattacharya - Bank of America - Analyst
: Got it. Can I ask on the Communications segment? I think Jure made a statement that the inventory at customers is going down. This segment has
been going through an inventory correction for the last year plus. Do you think that, that inventory correction is over? And how do you see your
communications segment revenues growing this year?
Question: Ruplu Bhattacharya - Bank of America - Analyst
: Okay. Maybe I'll ask a question to John. You know, you announced that the board had authorized a new $300 million buyback. You also laid out
your priorities for cash given that, I mean, do you see more opportunity to have M&A in organic growth and how should we think about the pace
of the buybacks?
Question: Ruplu Bhattacharya - Bank of America - Analyst
: Details. Appreciate.
Question: Steven Fox - Fox advisors - Analyst
: Hi, good afternoon.
Question: Steven Fox - Fox advisors - Analyst
: Hi, I'm very good. Thank you. I guess first off you mentioned mix a bunch of times in terms of influencing, I think generally positively the margins
for the quarter and looking forward, can you just be more specific on what the positive mix drivers were and maybe any negative mix drivers in
the quarter that were partial offsets and then I had a follow up.
Question: Steven Fox - Fox advisors - Analyst
: That's helpful. But I'm just curious, is there any specific sort of markets that were most responsible or John? Are you saying that it was mainly because
you're the mix of new programs is more attractive? I just want to make sure I understand the drivers and then I had a follow up.
Question: Steven Fox - Fox advisors - Analyst
: Right. Right. Right. That's helpful. And then, I guess obviously there's been a lot of talk today about the future of cloud computing architectures
and you just obviously had a great quarter there. Can you just maybe give us a little more insight into what your customer needs are overstated?
I don't know.
Question: Steven Fox - Fox advisors - Analyst
: Great. That's, that's super helpful. Jure, thank you.
Yeah.
Question: Anja Soderstrom - Sidoti - Analyst
: Thank you for taking my questions here. I'm just wondering for the revenue target for fiscal 2025. Is there a specific end market? You think it's going
to be a main driver for that or is it going to be more broad based?
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JANUARY 27, 2025 / 10:00PM, SANM.OQ - Q1 2025 Sanmina Corp Earnings Call
Question: Anja Soderstrom - Sidoti - Analyst
: Okay. And when you talk about the long term operating margin target of 6% plus, what kind of time frame are you talking about there? What kind
of revenue level do you need to achieve this?
Question: Anja Soderstrom - Sidoti - Analyst
: Okay. And have you seen any changes to the competitive landscape at all? Or.
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JANUARY 27, 2025 / 10:00PM, SANM.OQ - Q1 2025 Sanmina Corp Earnings Call
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