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Stock research / United States / SANM · Printed Circuit Boards · Nasdaq

Sanmina Corp. (SANM)

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Sanmina Corp. (SANM) reported revenue of $3.5 billion for Q3 FY2026, the quarter ended 27 June 2026, up 69.7% on the same quarter a year earlier. Net income was $117 million, up 70.7% on the year, and diluted earnings per share $2.12. The figures are the company's own, from the 10-Q it filed with the SEC on 27 July 2026.

Revenue$3.5 billionup 69.7%
Net income$117 millionup 70.7%
Diluted EPS$2.12
QuarterQ3 FY2026ended 27 June 2026

Sanmina (SANM) in brief

Sanmina (SANM) reported revenue of $8.1 billion for fiscal 2025, the year ended 27 September 2025, up 7.4% on the year before.
Read moreNet income was $246 million and diluted earnings per share $4.46. Revenue was $7.6 billion in fiscal 2024, $8.9 billion in fiscal 2023, $7.9 billion in fiscal 2022 and $6.7 billion in fiscal 2021. Net income in the same years was $223 million, $310 million, $240 million and $250 million. Over the twelve months to 27 June 2026, Sanmina reported revenue of $12.8 billion and net income of $308 million. Revenue grew 3.2% a year, compounded, over the five years to fiscal 2025. Sanmina had 54 million shares outstanding at the latest filed count. At 27 June 2026 it carried $2.2 billion of debt and $1.8 billion of cash. At the close of 8 October 2026 the market cap of Sanmina was $11.3 billion, 37.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.2%
ROCE10.8%
Operating margin4.2%
Net margin2.4%
FCF margin4.7%
Interest cover5.61
Debt to equity0.79
Cash conversion2.92
Share count, 1 year0.6%
Sales CAGR, 3 years0.9%
Profit CAGR, 3 years0.8%
EPS, TTM$5.59

At the close of 8 October 2026

Price$210.48
Market cap$11.3 billion
Stock P/E37.65
Price to book4.09
EV / EBITDA16.71
Dividend yieldn/a
Market cap / sales0.88
52-week high$282.72
52-week low$122.71
Price, 1 year56.3%
Price CAGR, 3 years57.4%
Price CAGR, 5 years39.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Sanmina Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SANMgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SANM

Filings19 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 acquisition or disposition completed; 1 shareholder vote; 1 material agreement
Planned insider sales17 Form 144 notices in twelve months, $42.9 million; latest 17 September 2026
Options tapeput/call 0.82 by open interest at the 8 October 2026 close; the straddle prices a 6.8% move to 16 October 2026
13F holders9 of the followed funds hold it; largest FMR LLC; 10 Schedule 13D or 13G filings in twelve months
Insider trading20 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.8 million shares short, 3.71 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,0461,8751,8351,8412,0182,0061,9842,0422,0963,1904,0133,464
Cost of revenue1,8791,7141,6801,6881,8461,8381,8081,8611,9052,9473,6593,101
Gross profit173161155154171168176181191242354363
Gross margin8%9%8%8%8%8%9%9%9%8%9%10%
R&D7.76.36.37.78.27.07.38.18.78.78.08.3
SG&A62.164.869.261.770.570.876.369.573.5115114109
Operating income99.387.676.082.489.688.691.695.978.573.6157221
Operating margin5%5%4%4%4%4%5%5%4%2%4%6%
Interest expense8.38.48.27.55.05.05.05.05.224.732.132.5
Pre-tax income86.881.774.474.686.886.388.491.473.361.6131192
Tax rate25%26%26%27%22%18%20%20%29%16%25%35%
Net income61.857.152.551.661.465.064.268.648.149.393.6117
Net margin3%3%3%3%3%3%3%3%2%2%2%3%
Diluted EPS$1.04$0.98$0.93$0.91$1.09$1.16$1.16$1.26$0.88$0.89$1.70$2.12
Operating cash flow76.912672.390.051.963.9157201199179399124
Capital expenditure38.134.229.622.824.617.130.737.162.586.856.7101
Free cash flow38.791.842.767.227.246.912616413791.934223.6
Shares outstanding57m56m55m55m54m54m53m53m53m55m54m54m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue6,2156,3756,4816,8697,1108,2346,9606,7387,9208,9357,5688,12812,763
Cost of revenue5,7275,8915,9676,3496,6467,6426,4356,2057,2978,1926,9287,41211,613
Gross profit4884845145204645925175266227436407161,151
Gross margin7.9%7.6%7.9%7.6%6.5%7.2%7.4%7.8%7.9%8.3%8.5%8.8%9.0%
Research and development32.533.137.733.730.827.622.620.921.326.428.531.133.6
Selling, general and administrative242239245252251260241235245255266290411
Operating income200203225226119286219256349456335355530
Operating margin3.2%3.2%3.5%3.3%1.7%3.5%3.1%3.8%4.4%5.1%4.4%4.4%4.2%
Interest expense30.825.024.921.927.730.828.919.622.536.329.220.294.5
Pre-tax income16217620521397.5246192282302413318339458
Income tax-35.4-20116.874.619310459.032.161.985.379.873.2131
Effective tax rate-21.9%-114.1%8.2%35.0%197.9%42.4%30.7%11.4%20.5%20.7%25.1%21.6%28.6%
Net income197377188139-95.5142133250240310223246308
Net margin3.2%5.9%2.9%2.0%-1.3%1.7%1.9%3.7%3.0%3.5%2.9%3.0%2.4%
Diluted EPS$2.27$4.41$2.38$1.78-$1.37$1.97$1.88$3.72$3.81$5.18$3.91$4.46$5.59
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
Americas4,4273,9634,65157.2%
Asia Pacific3,1872,5582,61132.1%
EMEA1,3211,04886610.7%
AmericasAsia PacificEMEA
8,935FY20237,568FY20248,128FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow307175390251156383301338331235340621901
Capital expenditure69.511912011211913566.073.3139191111147307
Free cash flow23855.827013937.524823526519243.8229473594
Free cash flow margin3.8%0.9%4.2%2.0%0.5%3.0%3.4%3.9%2.4%0.5%3.0%5.8%4.7%
Cash from investingn/a-102-175-108-116-128-64.4-91.3-132-192-114-108-1,412
Cash from financingn/a-127-231-135-28.3-220-210-77.3-31494.5-270-1741,562
Depreciation and amortisation97.7101112119119117114110109118122119164
Share-based compensation18.820.726.937.932.830.826.235.039.650.457.463.488.7
Buybacks76.212314217715812.617964.1331n/an/an/an/a
Diluted shares, weighted87m86m79m78m70m72m71m67m63m60m57m55m55m
Shares outstanding at period end82m78m73m72m68m70m65m64m57m57m54m53m54m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016FY2017FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,2471,5201,6101,6481,4731,6471,6231,8531,8202,3192,3622,5392,760
Debt5344274373953933853483123293123003002,172
Operating lease liabilitiesn/an/an/an/an/an/a37.038.648.660.744.536.0213
Other liabilities1,5321,5451,5781,8052,2201,8731,7642,0042,6382,1822,1172,9834,595
Total liabilities and equity3,3133,4933,6253,8474,0853,9063,7734,2074,8364,8744,8235,8589,740
Owned
Fixed assets5635916186406436315595335756336166821,051
Goodwill25.726.659.159.128.528.5n/an/an/an/an/a30.4122
Intangible assets11.416.616.59.22.7n/an/an/an/an/an/an/an/a
Cash and equivalents4674123984074204554816505306686269261,845
Inventory8939199461,0521,3749018611,0421,6841,4771,4441,9883,152
Other assets1,3531,5281,5881,6801,6171,8911,8721,9822,0462,0962,1372,2313,569
Total assets3,3133,4933,6253,8474,0853,9063,7734,2074,8364,8744,8235,8589,740
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.5%3.2%0.9%58.6%
Profit growth, compounded-4.2%13.0%0.8%18.9%
Return on equity, average9.0%11.8%10.8%9.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
All 55 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.55 trillion29.1484.2%65.2%83.4%0.150.0%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.38 trillion44.7831.7%50.8%31.6%0.190.6%
Broadcom Inc. AVGO$1.72 trillion45.9938.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.17 trillion23.4550.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.01 trillion159.569.6%15.7%39.5%0.05n/a
Intel Corp. INTC$540.0 billionn/a-12.9%-0.1%7.5%0.550.4%
Applied Materials Inc. AMAT$404.4 billion43.9336.2%29.6%7.8%0.200.4%
Arm Holdings plc ARM *$313.2 billion346.3210.9%18.3%22.8%0.00n/a
Texas Instruments Inc. TXN$263.2 billion43.8733.6%37.3%16.7%0.781.9%
Marvell Technology, Inc. MRVL$240.8 billion90.6514.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$196.7 billion48.1512.3%35.5%33.6%0.201.0%
Qualcomm Inc. QCOM$186.0 billion20.3733.5%23.2%1.9%0.462.0%
Amphenol Corp. APH$105.2 billion21.3833.2%27.0%54.2%1.111.1%
ASE Technology Holding Co., Ltd. ASX *$100.6 billion82.7911.7%8.0%8.4%0.740.7%
Vertiv Holdings Co. VRT$93.8 billion55.1436.4%18.9%26.2%0.62n/a
Lumentum Holdings Inc. LITE$92.9 billionn/a-149.3%17.4%83.2%0.35n/a
Motorola Solutions, Inc. MSI$74.0 billion35.2179.9%24.9%10.3%3.151.0%
Northrop Grumman Corp. NOC$68.8 billion15.4125.1%10.7%5.9%0.811.9%
Monolithic Power Systems, Inc. MPWR$67.3 billionn/an/a28.7%28.7%0.000.5%
Ciena Corp. CIEN$60.4 billion95.0721.4%12.3%32.6%1.06n/a
NXP Semiconductors N.V. NXPI$58.3 billion19.7226.1%32.0%8.8%0.881.8%
United Microelectronics Corporation UMC *$57.5 billion44.6811.0%18.5%2.3%0.17n/a
Nokia Corporation NOK *$56.6 billion75.053.1%4.4%3.5%0.161.5%
Garmin Ltd. GRMN$51.8 billion27.6720.8%27.6%13.5%0.000.5%
STMicroelectronics N.V. STM *$46.8 billion292.830.9%1.5%-11.1%0.120.7%
L3Harris Technologies, Inc. LHX$44.1 billion23.939.4%10.1%7.3%0.462.0%
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Microchip Technology Inc. MCHP$41.0 billion111.067.4%15.5%20.9%0.832.4%
Telefonaktiebolaget LM Ericsson ERIC *$32.0 billion11.2426.0%16.3%-4.5%0.303.0%
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
ON Semiconductor Corp. ON$30.9 billion50.908.7%10.8%-3.1%0.62n/a
Teledyne Technologies Inc. TDY$28.0 billion29.208.9%19.4%7.9%0.19n/a
Qnity Electronics, Inc. Q$27.1 billion46.338.1%n/an/a0.550.1%
Hubbell Inc. HUBB$25.1 billion28.1523.1%20.0%10.6%1.231.1%
Macom Technology Solutions Holdings, Inc. MTSI$24.6 billion103.6015.6%18.1%28.4%0.22n/a
First Solar, Inc. FSLR$19.2 billion11.0316.9%33.6%23.8%0.00n/a
Semtech Corp. SMTC$17.5 billion124.1720.6%8.0%17.8%0.47n/a
Fabrinet FN$17.5 billion37.3419.3%10.0%35.7%0.00n/a
Lattice Semiconductor Corp. LSCC$17.1 billion480.694.6%7.4%33.3%0.00n/a
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Allegro Microsystems, Inc. ALGM$6.8 billion604.501.5%4.9%24.2%0.29n/a
Cirrus Logic, Inc. CRUS$5.7 billion13.8619.7%23.0%6.2%0.00n/a
Synaptics Inc. SYNA$4.7 billionn/a-52.8%-5.6%11.4%0.90n/a
Universal Display Corp. \Pa\ OLED$3.4 billion17.6511.6%34.1%-8.3%n/a2.5%
IPG Photonics Corp. IPGP$3.3 billion119.601.3%0.7%13.0%0.00n/a
3 companies share its SEC industry code (Printed Circuit Boards); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 June 202627 July 2026EDGAR
10-Q28 March 202627 April 2026EDGAR
10-Q27 December 202526 January 2026EDGAR
10-K27 September 202513 November 2025EDGAR
10-Q28 June 202528 July 2025EDGAR
10-Q29 March 202528 April 2025EDGAR
10-Q28 December 202428 January 2025EDGAR
10-K28 September 202427 November 2024EDGAR
10-Q29 June 202431 July 2024EDGAR
10-Q30 March 20241 May 2024EDGAR

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