Sanmina’s outlook for 2025 is positive in terms of revenue, in the face of an improving supply chain, although still with relevant challenges to face.
Sanmina is a leading global provider of integrated manufacturing solutions, components, repair, logistics and aftermarket products and services.
In the fiscal year ended September 28, the company reported a year-on-year decline in sales of 15.3% to US$7.568 billion.
On the other hand, its net income attributable to common stockholders was US$223 million, a decrease of 28.2%, considering the same previous comparison.
Sanmina’s outlook for 2025
The company offers end-to-end manufacturing solutions combined with its global supply chain management expertise.
But Sanmina’s 2025 outlook faces many challenges. For example, the company competes with several companies in each of its key end markets.
Sanmina believes it is well positioned in its key end markets. However, it faces intense competition, which makes profitable revenue growth a constant challenge.
The company also faces significant macroeconomic challenges. These include inflation, supply chain constraints, currency fluctuations, high interest rates and market volatility. In addition, factors such as concerns about a recession, tariffs and geopolitical conflicts, such as the war in Ukraine, the conflict in the Middle East and the outcome of the U.S. presidential election, have exacerbated the situation and could intensify in the future.
Although supply chain constraints have eased, Sanmina expects its revenue growth in 2025 to be moderate. This is because customers will continue to absorb finished goods inventories in certain end markets.
Research and development
Sanmina plans to further diversify into mission-critical markets. In addition, it seeks to develop a portfolio of more complex products with higher technology and longer life cycles.
The company employs 34,000 people in 21 countries on four continents. Thanks to its advanced technologies, manufacturing expertise and economies of scale, it is able to meet the specific needs of its customers.
In terms of research and development, spending was 29 million in 2024, 26 million in 2023 and 21 million in 2022.