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Sanmina Corporation

Sanmina Corporation

NASDAQ•SANM
CEO: Mr. Jure Sola
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1993-04-14
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. 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 manufacture of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products, design, manufacturing, repair, and refurbishment services; 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 infrastructure industries. The company was formerly known as Sanmina-SCI Corp. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.
Contact Information
2700 North First Street, San Jose, CA, 95134, United States
408-964-3500
www.sanmina.com
Market Cap
$8.53B
P/E (TTM)
31.8
68.5
Dividend Yield
--
52W High
$178.39
52W Low
$63.67
52W Range
82%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$2.10B+3.91%
4-Quarter Trend

EPS

$0.90-19.64%
4-Quarter Trend

FCF

$141.49M+383.27%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong Net sales reached $8.13B USD in 2025, marking a 7.4% increase over 2024 results, driven by new program wins.
Margin Expansion Achieved Gross margin improved to 8.8% in 2025 from 8.5% in 2024; Operating income rose to $354.6M USD.
Cash Position Strengthened Cash and equivalents totaled $926.3M USD as of September 2025, significantly up from $625.9M USD prior year.
Net Income Rises Net income attributable to common shareholders was $245.9M USD in 2025, up from $222.5M USD in 2024.

Risk Factors

Customer Sales Concentration Top ten customers accounted for 52% of 2025 net sales, posing risk if major accounts decline or shift sourcing strategies.
Acquisition Integration Costs $34.2M USD in acquisition and integration charges recorded for ZT Systems acquisition completed in October 2025.
Regulatory/Legal Exposure Subject to ongoing litigation risks, including a defense against a $100M amount alleged in the Eckert Qui Tam Suit.
Inventory Realization Risk Inventory carrying values are subject to write-downs based on demand changes or customer financial difficulties impacting realization.

Outlook

Strategic Acquisition Completed Completed ZT Systems acquisition in October 2025 for $1.6B USD to expand Cloud and AI ecosystem presence.
Capital Allocation Focus Board authorized up to $300M USD stock repurchase program; $239M remains available as of September 27, 2025.
Technology Capability Extension Strategy focuses on extending technology capabilities and optimizing product mix towards higher value, complex offerings.
Cost Savings Initiatives Continues investment in factory automation, process improvements, robotics, and AI to enhance manufacturing efficiency output.

Peer Comparison

Revenue (TTM)

Sanmina CorporationSANM
$8.13B
+7.4%
Genpact LimitedG
$5.01B
+7.4%
Shift4 Payments, Inc.FOUR
$3.88B
+23.2%

Gross Margin (Latest Quarter)

Universal Display CorporationOLED
77.2%
+1.4pp
Cognex CorporationCGNX
67.6%
-0.3pp
Vontier CorporationVNT
47.3%
+0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SANM$8.53B31.811.5%5.1%
G$8.11B14.822.1%26.3%
TTMI$7.62B57.08.1%2.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.5%
Moderate Growth
4Q Net Income CAGR
-9.6%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$2.15
|
Revenue:$3.09B
Reports
All Years
  • Form 10-K - FY 2025

    Period End: Sep 27, 2025|Filed: Nov 13, 2025|
    Revenue: $8.13B+7.4%
    |
    EPS: $4.56+14.0%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Jun 28, 2025|Filed: Jul 28, 2025|
    Revenue: $2.04B+10.9%
    |
    EPS: $1.28+37.6%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Mar 29, 2025|Filed: Apr 28, 2025|
    Revenue: $1.98B+8.1%
    |
    EPS: $1.18+25.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Dec 28, 2024|Filed: Jan 28, 2025|
    Revenue: $2.01B+7.0%
    |
    EPS: $1.20+18.8%
    Miss
  • Form 10-K - FY 2024

    Period End: Sep 28, 2024|Filed: Nov 27, 2024|
    Revenue: $7.57B-15.3%
    |
    EPS: $4.00-25.4%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Jun 29, 2024|Filed: Jul 31, 2024|
    Revenue: $1.84B-16.6%
    |
    EPS: $0.93-29.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Mar 30, 2024|Filed: May 1, 2024|
    Revenue: $1.83B-20.9%
    |
    EPS: $0.94-31.4%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Dec 30, 2023|Filed: Jan 31, 2024|
    Revenue: $1.87B-20.6%
    |
    EPS: $1.01-36.5%
    Miss