How did SANM's revenue and expenses trend in Q1 2025 compared to previous quarters?

Sanmina Corp (SANM) demonstrated robust growth in its revenue and earnings for the first quarter of fiscal year 2025, marking a positive trend compared to the previous quarters.

1. **Revenue Trend**:
- SANM's revenue for Q1 2025 was $2.01 billion.
- This represents a significant increase from the previous quarter's revenue of $1.88 billion in Q4 2024.
- The revenue growth can also be compared to Q1 2024, which had a revenue of $1.87 billion.
- This upward trajectory indicates a strong market performance and operational efficiency.

|code|Ticker|Name|Date|Total Revenue (FY)|Total Expenses (FY)|market_code|
|---|---|---|---|---|---|---|
|SANM|SANM.O|Sanmina|2022|7.919622E9||185|
|SANM|SANM.O|Sanmina|2023|8.935048E9||185|
|SANM|SANM.O|Sanmina|2024|7.568328E9||185|

2. **Expense Analysis**:
- While specific expense details for Q1 2025 are not available, the company's overall performance metrics suggest effective cost management.
- SANM reported a GAAP operating margin of 4.4% and a non-GAAP operating margin of 5.6% for Q1 2025.
- The company's diluted EPS was $1.16 under GAAP and $1.44 under non-GAAP guidelines, both of which exceeded market expectations.
- Positive highlights include strong cash flow from operations at $64 million and a free cash flow of $47 million, alongside an expanded share repurchase program.
3. **Comparative Analysis**:
- When compared to the same quarter of the previous year, Q1 2024, SANM's revenue growth is notable, indicating improved business performance and market adaptation.
- The EPS of $1.44 for Q1 2025 surpasses the EPS of $1.30 for Q1 2024.
- Revenue rose by approximately 7% from Q1 2024 to Q1 2025, which is a substantial increase and a testament to SANM's strategic focus and market positioning.
4. **Market Reception and Outlook**:
- Analysts have provided a positive outlook, with a "buy" consensus rating and a median 12-month price target of $92.00.
- The company's strategic expansions, such as the appointment of Michael J. Loparco to its board, are expected to support continued growth and innovation.

In conclusion, SANM's revenue and earnings for Q1 2025 reflect strong performance and operational efficiency, positioning the company well for future growth and market challenges.