
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
Market Cap
$8.59B
P/E (TTM)
32.3
51.5
Dividend Yield
--
52W High
$178.39
52W Low
$63.67
52W Range
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
$163.69M+459.08%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Double-Digit Revenue Growth Net sales 2.04B USD, up 10.9% Q3 2025 vs Q3 2024; driven by new program wins in Communications Networks and Cloud Infrastructure.
Gross Margin Expansion Gross margin improved to 8.9% Q3 2025 from 8.3% Q3 2024; CPS margin increased significantly to 14.7% due to operating efficiencies.
Operating Cash Flow Surge Nine-month operating cash flow 421.6M USD, a substantial increase from 288.3M USD prior period, supporting working capital needs.
Strong Earnings Per Share Diluted EPS 1.26 USD Q3 2025, significantly higher than 0.91 USD Q3 2024, reflecting improved net income 68.6M USD.
Risk Factors
Internal Control Deficiencies Material weaknesses in internal control over financial reporting identified, potentially leading to misstatements in inventory and contract estimates.
ZT Acquisition Integration Risk Acquisition of ZT Systems expected late 2025; failure to integrate or realize benefits could materially impact financial condition and results.
High Interest Rate Pressure High interest rates increase interest expense and reduce proceeds from receivables factoring, negatively impacting net income and cash flow.
Customer Concentration Risk Sales to ten largest customers represent approximately 50% of net sales; loss or reduction in sales could substantially reduce revenue.
Outlook
Cloud AI Ecosystem Expansion Pending acquisition of ZT Systems, a data center infrastructure manufacturer, aligns with strategy to expand Cloud and AI ecosystem presence.
Acquisition Bridge Financing Secured commitment for $2.5B USD senior secured 364-day bridge loan facility to fund ZT Systems acquisition consideration.
Adequate Liquidity Position Existing cash 797.9M USD and operating cash flow expected sufficient to meet working capital requirements for next twelve months.
Stock Repurchase Capacity $239M USD remains available under authorized stock repurchase programs; timing depends on capital needs and market conditions.
Peer Comparison
Revenue (TTM)
SANM$8.13B
G$5.01B
FOUR$3.88B
Gross Margin (Latest Quarter)
OLED77.2%
CGNX67.6%
47.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SANM | $8.59B | 32.3 | 11.5% | 5.1% |
| G | $7.85B | 14.3 | 22.1% | 26.3% |
| TTMI | $7.03B | 52.5 | 8.1% | 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
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%BeatForm 10-Q - Q3 2025
Period End: Jun 28, 2025|Filed: Jul 28, 2025|Revenue: $2.04B+10.9%|EPS: $1.28+37.6%MissForm 10-Q - Q2 2025
Period End: Mar 29, 2025|Filed: Apr 28, 2025|Revenue: $1.98B+8.1%|EPS: $1.18+25.5%MissForm 10-Q - Q1 2025
Period End: Dec 28, 2024|Filed: Jan 28, 2025|Revenue: $2.01B+7.0%|EPS: $1.20+18.8%MissForm 10-K - FY 2024
Period End: Sep 28, 2024|Filed: Nov 27, 2024|Revenue: $7.57B-15.3%|EPS: $4.00-25.4%MissForm 10-Q - Q3 2024
Period End: Jun 29, 2024|Filed: Jul 31, 2024|Revenue: $1.84B-16.6%|EPS: $0.93-29.5%MissForm 10-Q - Q2 2024
Period End: Mar 30, 2024|Filed: May 1, 2024|Revenue: $1.83B-20.9%|EPS: $0.94-31.4%MissForm 10-Q - Q1 2024
Period End: Dec 30, 2023|Filed: Jan 31, 2024|Revenue: $1.87B-20.6%|EPS: $1.01-36.5%Miss