Sanmina Corporation ($SANM) reported its first-quarter earnings for 2025, achieving revenue of $2.01 billion, surpassing analyst expectations of $1.98 billion. The company reported a GAAP operating margin of 4.4% and a GAAP diluted earnings per share (EPS) of $1.16. Non-GAAP results showed an operating margin of 5.6% and a diluted EPS of $1.44, beating the estimated EPS of $1.36. For the second quarter, Sanmina forecasts revenue between $1.9 billion and $2.0 billion, with a non-GAAP EPS range of $1.30 to $1.40, compared to an estimate of $1.38. The midpoint revenue guidance for Q2 indicates a 6.3% increase year-over-year. Despite the positive earnings report, shares of Sanmina experienced volatility in trading following the announcement.