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Sanmina Corporation(SANM)Earnings, Financials & Key Ratios
SANM•NASDAQ
$205.75
46.1× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryElectronics Manufacturing and Circuit Boards
AboutSanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, storage platforms, radio frequency, optical, and microelectronic solutions; defense and aerospace products; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions industries. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.Show more
- Revenue$8.13B+7.4%
- EBITDA$474M+3.5%
- Net Income$246M+10.5%
- EPS (Diluted)4.46+14.1%
- Gross Margin8.81%+4.1%
- EBITDA Margin5.83%-3.6%
- Operating Margin4.36%-1.6%
- Net Margin3.03%+2.9%
- ROE10.04%+5.5%
SANM Price & Volume
Sanmina Corporation (SANM) stock price & volume — 10-year historical chart
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Revenue Surge Masks Persistent Structural Margin Constraints
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Program cycle revenue volatility
Key Thesis Takeaways
- Sanmina has achieved a significant top-line inflection with 102.3% year-over-year revenue growth in 2026Q2, though this expansion appears heavily reliant on volatile, large-scale program cycles rather than consistent organic margin improvement.
- While the company has successfully scaled its free cash flow to an 8.5% margin, investors should remain cautious regarding the recent shift in capital structure, characterized by a debt increase to $2.2 billion.
- Future performance will likely depend on the company's ability to convert its $1.2 billion in deferred revenue into sustainable operating income while managing the risks associated with its increased leverage profile.
Verdict Logic
while the company demonstrates strong cash conversion with an 8.5% FCF margin, the 53.04 P/E TTM and the recent surge in debt to $2.2 billion warrant further investigation into the sustainability of current growth cycles.
SANM Growth Metrics
Sanmina Corporation (SANM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.46%
5 Years3.18%
3 Years0.87%
TTM41.31%
Profit CAGR
10 Years-4.19%
5 Years13.05%
3 Years0.76%
TTM3.03%
EPS CAGR
10 Years0.11%
5 Years17.75%
3 Years3.18%
TTM5.11%
Return on Capital
10 Years11.22%
5 Years13.33%
3 Years13.74%
Last Year11.98%
SANM Recent Earnings
Sanmina Corporation (SANM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 27, 2026Metric
Actual
Est
EPS
$3.16+30.6%
$2.42
Rev
$4.0B+22.2%
$3.3B
Q1 2026
Jan 26, 2026Metric
Actual
Est
EPS
$2.38+10.7%
$2.15
Rev
$3.2B+3.7%
$3.1B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$1.67+6.4%
$1.57
Rev
$2.1B+1.9%
$2.1B
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$1.53+7.7%
$1.42
Rev
$2.0B-0.5%
$2.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $3.16vs $2.42+30.6% | $4.0Bvs $3.3B+22.2% |
| Q1 2026 | Jan 26, 2026 | $2.38vs $2.15+10.7% | $3.2Bvs $3.1B+3.7% |
| Q4 2025 | Nov 3, 2025 | $1.67vs $1.57+6.4% | $2.1Bvs $2.1B+1.9% |
| Q3 2025 | Jul 28, 2025 | $1.53vs $1.42+7.7% | $2.0Bvs $2.1B-0.5% |
Based on last 12 quarters of dataView full earnings history →
Latest SANM News
Recent stock market news and headlines for Sanmina Corporation (SANM)
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GlobeNewsWire·Jun 30, 2026
Microbot Medical® Increases Manufacturing Capacity as Demand for the LIBERTY® System Rises; Enters into Strategic Agreement with Sanmina, a Global Manufacturing LeaderHINGHAM, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT), developer and distributor of the innovative LIBERTY® Endovascular Robotic System, has entered into a Letter of Agreement (LOA) with Sanmina Corporation, a leading global integrated manufacturing solutions provider, to manufacture the LIBERTY System, the only FDA-cleared single-use, remotely operated robotic system for peripheral endovascular procedures.
Seeking Alpha·Jun 25, 2026
Sanmina: ZT Systems Is Driving The Inflection (Rating Upgrade)Sanmina is rated buy with a $312 price target, driven by strong ZT Systems integration and accelerating AI infrastructure demand. Q2 FY26 revenue surged 102% YoY to $4.01B, with ZT Systems contributing $1.88B and future growth underpinned by next-gen product ramps. SANM's strategic focus on vertical integration, customer diversification, and U.S. manufacturing positions it for margin expansion and de-risked FY27 revenue.
Zacks Investment Research·Jun 23, 2026
Why Sanmina (SANM) is a Top Growth Stock for the Long-TermThe Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Peers Comparison
Key metrics vs top competitors for Sanmina Corporation (SANM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $205.75 | $11.23B | 46.13 | 7.4% | 3.03% | 10.04% | — | |
| $321.08 | $33.87B | 54.24 | 3.18% | 2.57% | 62.24% | — | |
| $345.06 | $39.67B | 47.33 | 30.71% | 6.95% | 47.71% | — | |
| $131.52 | $48.19B | 56.45 | 8.14% | 3.15% | 17.26% | — | |
| $81.01 | $2.91B | 119.13 | 0.11% | 1.27% | 3.1% | — | |
| $255.94 | $6.86B | 40.89 | 1.82% | 4.35% | 12.83% | — |
Compare SANM vs Peers
Sanmina Corporation (SANM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SANM SEC Filings & Documents
Sanmina Corporation (SANM) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 27, 2026·SEC
Material company update
Mar 12, 2026·SEC
Material company update
Jan 26, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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SANM Frequently Asked Questions
Sanmina Corporation (SANM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Sanmina Corporation's revenue?
Sanmina Corporation (SANM) reported $11.34B in revenue for fiscal year 2025. This represents a 4178% increase from $265.1M in 1996.
How fast is Sanmina Corporation growing?
Sanmina Corporation (SANM) grew revenue by 7.4% over the past year. This is steady growth.
Is SANM profitable?
Yes, Sanmina Corporation (SANM) is profitable, generating $259.6M in net income for fiscal year 2025 (3.0% net margin).
Dividend & Returns
What is SANM's return on equity?
Sanmina Corporation (SANM) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.
What is Sanmina Corporation's free cash flow?
Sanmina Corporation (SANM) generated $734.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.