SANM · Sanmina Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.01B | $3.19B | $2.04B | $1.98B | $2.01B | $1.84B | $1.83B | $1.87B | $2.21B | $2.32B |
| Cost of Revenue | $3.66B | $2.95B | $1.86B | $1.81B | $1.84B | $1.69B | $1.68B | $1.71B | $2.02B | $2.13B |
| Gross Profit | $353.79M | $242.36M | $181.05M | $176.24M | $167.91M | $153.54M | $154.76M | $160.84M | $183.21M | $191.19M |
| R&D | $7.99M | $8.66M | $8.08M | $7.32M | $7.02M | $7.66M | $6.32M | $6.29M | $6.72M | $6.39M |
| SG&A | $113.55M | $114.89M | $69.54M | $76.31M | $70.84M | $61.72M | $69.20M | $64.78M | $68.83M | $63.39M |
| Total Operating Expenses | $196.78M | $168.76M | $85.17M | $84.62M | $79.31M | $71.17M | $78.80M | $73.26M | $75.84M | $70.59M |
| D&A | $28.21M | $39.53M | - | - | $31.84M | - | - | $30.73M | - | - |
| Operating Income | $157.01M | $73.60M | $95.88M | $91.62M | $88.61M | $82.37M | $75.96M | $87.58M | $107.36M | $120.60M |
| Interest Expense | $32.14M | $24.72M | $4.98M | $8.22M | $5.00M | $7.51M | $8.22M | $8.41M | $10.07M | $9.29M |
| Income Tax | $33.32M | $9.83M | $18.52M | $17.89M | $15.39M | $19.90M | $19.12M | $21.32M | $17.27M | $25.78M |
| Net Income | $93.65M | $49.29M | $68.62M | $64.21M | $65.00M | $51.60M | $52.48M | $57.07M | $76.49M | $79.62M |
| EPS - Basic | $1.72 | $0.91 | $1.28 | $1.18 | $1.20 | $0.93 | $0.94 | $1.01 | $1.32 | $1.37 |
| EPS - Diluted | $1.70 | $0.89 | $1.26 | $1.16 | $1.16 | $0.91 | $0.93 | $0.98 | $1.28 | $1.33 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.58B | $1.42B | $926.27M | $647.14M | $642.40M | $625.86M | $650.86M | $631.59M | $667.57M | $718.20M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $3.03B | $3.05B | $1.99B | $1.55B | $1.43B | $1.44B | $1.38B | $1.39B | $1.48B | $1.55B |
| Accounts Payable | $2.51B | $2.35B | $1.58B | $1.35B | $1.39B | $1.44B | $1.44B | $1.42B | $1.61B | $1.83B |
| Current Assets | $7.61B | $7.85B | $4.87B | $4.07B | $3.88B | $3.87B | $3.70B | $3.63B | $3.88B | $4.03B |
| Total Assets | $9.67B | $9.80B | $5.86B | $4.97B | $4.81B | $4.82B | $4.69B | $4.62B | $4.87B | $5.03B |
| Current Liabilities | $4.44B | $4.62B | $2.82B | $2.07B | $1.88B | $1.94B | $1.85B | $1.82B | $2.03B | $2.25B |
| Long-term Debt | $2.00B | $2.00B | $282.97M | $291.39M | $295.61M | $299.82M | $303.88M | $308.11M | $312.33M | $320.78M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.61B | $2.66B | $2.54B | $2.40B | $2.42B | $2.36B | $2.33B | $2.27B | $2.32B | $2.22B |
| Retained Earnings | - | - | ($2.46B) | - | - | ($2.71B) | - | - | ($2.93B) | - |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $178.73M | - | - | $63.94M | - | - | $126.03M | - | - |
| Investing Cash Flow | - | ($1.43B) | - | - | ($17.22M) | - | - | ($34.82M) | - | - |
| Financing Cash Flow | - | $1.76B | - | - | ($28.83M) | - | - | ($128.44M) | - | - |
| CapEx | - | $86.84M | - | - | $17.09M | - | - | $34.22M | - | - |
| Free Cash Flow | - | $91.89M | - | - | $46.85M | - | - | $91.81M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.8% | 7.6% | 8.9% | 8.9% | 8.4% | 8.3% | 8.4% | 8.6% | 8.3% | 8.2% |
| Operating margin | 3.9% | 2.3% | 4.7% | 4.6% | 4.4% | 4.5% | 4.1% | 4.7% | 4.9% | 5.2% |
| EBITDA margin | 4.6% | 3.5% | - | - | 6.0% | - | - | 6.3% | - | - |
| Net margin | 2.3% | 1.5% | 3.4% | 3.2% | 3.2% | 2.8% | 2.9% | 3.0% | 3.5% | 3.4% |
| Free cash flow margin | - | 2.9% | - | - | 2.3% | - | - | 4.9% | - | - |
| FCF / Net income | - | 1.86 | - | - | 0.72 | - | - | 1.61 | - | - |
| R&D / Revenue | 0.2% | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% |
| SG&A / Revenue | 2.8% | 3.6% | 3.4% | 3.8% | 3.5% | 3.4% | 3.8% | 3.5% | 3.1% | 2.7% |
| Effective tax rate | 26.2% | 16.6% | 21.3% | 21.8% | 19.1% | 27.8% | 26.7% | 27.2% | 18.4% | 24.5% |
| Return on assets | 1.0% | 0.5% | 1.2% | 1.3% | 1.4% | 1.1% | 1.1% | 1.2% | 1.6% | 1.6% |
| Return on equity | 3.6% | 1.9% | 2.7% | 2.7% | 2.7% | 2.2% | 2.3% | 2.5% | 3.3% | 3.6% |
| Return on invested capital | 2.5% | 1.3% | 2.7% | 2.7% | 2.6% | 2.2% | 2.1% | 2.5% | 3.3% | 3.6% |
| Liquidity | ||||||||||
| Current ratio | 1.71 | 1.70 | 1.72 | 1.96 | 2.06 | 1.99 | 2.00 | 1.99 | 1.91 | 1.79 |
| Quick ratio | 1.03 | 1.04 | 1.02 | 1.22 | 1.30 | 1.25 | 1.25 | 1.23 | 1.18 | 1.10 |
| Cash ratio | 0.35 | 0.31 | 0.33 | 0.31 | 0.34 | 0.32 | 0.35 | 0.35 | 0.33 | 0.32 |
| Leverage | ||||||||||
| Debt / Equity | 0.77 | 0.75 | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.13 | 0.14 |
| Debt / Assets | 0.21 | 0.20 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 |
| Debt / EBITDA | 10.80 | 17.67 | - | - | 2.45 | - | - | 2.60 | - | - |
| Interest coverage | 4.9x | 3.0x | 19.2x | 11.1x | 17.7x | 11.0x | 9.2x | 10.4x | 10.7x | 13.0x |
| Equity multiplier | 3.70 | 3.68 | 2.31 | 2.07 | 1.99 | 2.04 | 2.01 | 2.03 | 2.10 | 2.27 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.42 | 0.33 | 0.35 | 0.40 | 0.42 | 0.38 | 0.39 | 0.41 | 0.45 | 0.46 |
| Inventory turnover | 1.21 | 0.97 | 0.94 | 1.17 | 1.29 | 1.17 | 1.21 | 1.23 | 1.37 | 1.37 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 302d | 378d | 390d | 313d | 283d | 312d | 301d | 296d | 266d | 266d |
| Days payable outstanding | 250d | 291d | 310d | 273d | 276d | 312d | 314d | 303d | 291d | 314d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 77.0x | 173.4x | 90.6x | 66.1x | 66.1x | 75.7x | 66.9x | 52.4x | 42.4x | 45.9x |
| P / B | 2.8x | 3.2x | 2.4x | 1.8x | 1.8x | 1.7x | 1.5x | 1.3x | 1.4x | 1.6x |
| P / S | 1.8x | 2.7x | 3.0x | 2.1x | 2.1x | 2.1x | 1.9x | 1.6x | 1.5x | 1.6x |
| EV / EBITDA | 41.2x | 80.9x | - | - | 32.7x | - | - | 22.6x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 102.3% | 59.0% | 10.9% | 8.1% | 7.0% | -16.6% | -20.9% | -20.6% | 9.3% | 21.4% |
| Revenue CAGR (3y) | 20.0% | 10.5% | 0.4% | 1.2% | 4.6% | 3.6% | 2.6% | 2.2% | 10.1% | 13.4% |
| Revenue CAGR (5y) | 18.7% | 12.7% | 4.3% | 4.5% | 1.7% | -1.9% | 1.8% | 1.4% | 5.2% | 6.7% |
| Gross profit growth (YoY) | 100.7% | 44.3% | 17.9% | 13.9% | 4.4% | -16.2% | -19.1% | -15.7% | 10.9% | 25.4% |
| Operating income growth (YoY) | 71.4% | -16.9% | 16.4% | 20.6% | 1.2% | -23.3% | -37.0% | -29.2% | 13.5% | 46.7% |
| Net income growth (YoY) | 45.8% | -24.2% | 33.0% | 22.3% | 13.9% | -32.5% | -34.1% | -35.4% | -3.8% | 49.6% |
| EPS growth (YoY) | 46.6% | -23.3% | 38.5% | 24.7% | 18.4% | -28.9% | -30.1% | -33.8% | -0.8% | 60.2% |
| EPS CAGR (3y) | 8.5% | -15.6% | -0.8% | 11.8% | 9.2% | -19.4% | 9.9% | 10.8% | 26.0% | 166.8% |
| EPS CAGR (5y) | 19.4% | 4.3% | 14.5% | 75.3% | 17.0% | 8.7% | 10.3% | 12.7% | 22.2% | 32.2% |
| FCF growth (YoY) | - | 96.1% | - | - | -49.0% | - | - | 55881.1% | - | - |
| FCF CAGR (5y) | - | 12.7% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.0% | 9.9% | 7.5% | 2.9% | 6.5% | 1.8% | 4.9% | 4.5% | 28.5% | 20.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-27.
Business segments
$16.38B totalReportable Segment IMS$6.56B · 40.0%
IMSThird Party Revenue$6.51B · 39.8%
Other Segments CPS$1.70B · 10.4%
CPSThird Party Revenue$1.62B · 9.9%
Geographic
$8.13B totalAmericas$4.65B · 57.2%
Asia Pacific$2.61B · 32.1%
EMEA$866.39M · 10.7%
Peer comparison
Same SIC group: Printed Circuit Boards
Comparing SANMINA CORP against the 5 most active filers in the same SIC group.