Sanmina Corporation (NASDAQ: SANM), a leading electronics manufacturing services provider, saw its shares decline by 5.1% on Monday despite reporting solid fourth-quarter results that surpassed expectations on several fronts.

The company reported revenue of $2.02 billion for the quarter ended September 30, exceeding the outlook range of $1.9 billion to $2.0 billion and representing a 9.6% sequential increase. Non-GAAP earnings per share (EPS) stood at $1.43, outperforming the high end of the guidance range of $1.30 to $1.40.

Sanmina's strong cash flow generation was a highlight, with cash flow from operations reaching $52 million for the quarter and $340 million for the fiscal year. The company maintained a solid balance sheet with $626 million in cash and no outstanding borrowings on its $800 million revolver.