SANMINA CORP SANM

Technology SIC 3672 - Printed Circuit Boards NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Bare Printed Circuit Board Manufacturing derived Nasdaq

Sanmina Corporation ("we" or "Sanmina" or the "Company") is a leading global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. We provide these comprehensive offerings primarily to original equipment manufacturers ("OEMs") in the following industries: industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure. Our customer-focused organization with 39,000 employees, including 4,000 temporary employees, supports our customers from 20 countries on four continents. We locate our facilities near our customers and their end markets in major centers for the electronics industry or in lower-cost locations. The combination of our advanced technologies, extensive manufacturing expertise and economies of scale enables us to meet the specialized needs of our customers. All references in this report to years refer to our fiscal years unless otherwise noted.

Last close 155.71 2026-10-23
Market cap $8.35B 2026-06-27 share count
52-week range 118.10 - 288.68

Valuation FY2025 figures against the last close

P/S1.0x
P/E34.9x
P/FCF17.6x
EV/EBITDA16.3x
Dividend yield—
Diluted EPS4.46

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.13B$7.57B$8.94B$7.92B$6.74B$6.95B$8.23B$7.11B$6.87B$6.48B
Cost of revenue $7.41B$6.93B$8.19B$7.30B$6.21B$6.43B$7.64B$6.65B$6.35B$5.97B
Gross profit $716.4M$640.4M$743.2M$622.2M$526.4M$517.2M$591.9M$463.8M$519.9M$514.3M
R&D $31.1M$28.5M$26.4M$21.3M$20.9M$22.6M$27.6M$30.8M$33.7M$37.7M
SG&A $290.2M$266.2M$255.1M$244.6M$234.5M$240.9M$260.0M$250.9M$251.6M$244.6M
Total operating expenses $361.8M$304.9M$287.6M$272.7M$270.5M$298.0M$305.8M$344.3M$293.4M$289.5M
Operating income $354.6M$335.5M$455.7M$349.5M$255.9M$219.1M$286.1M$119.4M$226.5M$224.8M
Interest expense $20.2M$29.2M$36.3M$22.5M$19.6M$28.9M$30.8M$27.7M$21.9M$24.9M
Pre-tax income $339.4M$317.5M$412.8M$302.3M$281.6M$192.2M$245.6M$97.5M$213.5M$204.6M
Income tax $73.2M$79.8M$85.3M$61.9M$32.1M$59.0M$104.1M$193.1M$74.6M$16.8M
Net income $245.9M$222.5M$310.0M$240.4M$249.5M$133.2M$141.5M-$95.5M$138.8M$187.8M
EPS, basic 4.564.005.363.923.821.932.05-1.371.862.50
EPS, diluted 4.463.915.183.813.721.881.97-1.371.782.38
Shares, diluted (wtd. avg.) 55.2M57.0M59.8M63.1M67.1M70.8M71.7M69.8M78.1M78.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $926.3M$625.9M$667.6M$529.9M$650.0M$480.5M$454.7M$419.5M$406.7M$398.3M
Inventory $1.99B$1.44B$1.48B$1.68B$892.6M$819.5M$900.6M$1.37B$1.05B$946.2M
Total current assets $4.87B$3.87B$3.88B$3.89B$3.06B$2.86B$2.92B$3.01B$2.62B$2.38B
Property, plant and equipment $682.4M$616.1M$632.8M$575.2M$535.7M$526.6M$630.6M$642.9M$640.3M$617.5M
Goodwill ——————$28.5M$28.5M$59.1M$59.1M
Other intangibles ———————$2.7M$9.2M$16.5M
Total assets $5.86B$4.82B$4.87B$4.84B$4.00B$3.79B$3.91B$4.09B$3.85B$3.63B
Accounts payable $1.58B$1.44B$1.56B$2.04B$1.30B$1.14B$1.34B$1.55B$1.28B$1.12B
Short-term debt $17.5M$17.5M$25.9M$17.5M$18.8M$18.8M$38.4M$593.3M$88.4M$28.4M
Total current liabilities $2.82B$1.94B$2.03B$2.47B$1.61B$1.49B$1.68B$2.40B$1.62B$1.40B
Long-term debt $283.0M$299.8M$312.3M$329.2M$316.0M$324.8M$347.0M$14.3M$391.4M$434.1M
Retained earnings -$2.46B-$2.71B-$2.93B-$3.24B-$3.48B-$3.72B-$3.86B-$4.03B-$3.98B-$4.12B
Total equity $2.54B$2.36B$2.32B$1.82B$1.85B$1.62B$1.65B$1.47B$1.65B$1.61B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $620.7M$340.2M$235.2M$330.9M$338.3M$300.6M$383.0M$156.4M$251.0M$390.1M
Depreciation and amortisation $119.5M$122.4M$118.2M$108.8M$109.7M$114.2M$116.9M$118.8M$118.8M$111.9M
Stock-based compensation $63.4M$57.4M$50.4M$39.6M$35.0M$26.2M$30.8M$32.8M$37.9M$26.9M
Capital expenditure $147.4M$111.2M$191.4M$138.6M$73.3M$66.0M$134.7M$118.9M$111.8M$120.4M
Investing cash flow -$108.2M-$114.4M-$192.5M-$132.2M-$91.3M-$64.4M-$127.6M-$116.2M-$107.9M-$174.5M
Financing cash flow -$173.8M-$269.7M$94.5M-$314.3M-$77.3M-$210.3M-$220.2M-$28.3M-$135.5M-$231.4M
Buybacks $111.9M$228.5M$84.8M$331.1M$64.1M$179.0M$12.6M$157.6M$176.9M$142.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000897723-25-000042.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B 10B Revenue, FY2016: 6.5B Gross profit, FY2016: 514.3M Net income, FY2016: 187.8M Revenue, FY2017: 6.9B Gross profit, FY2017: 519.9M Net income, FY2017: 138.8M Revenue, FY2018: 7.1B Gross profit, FY2018: 463.8M Net income, FY2018: -95.5M Revenue, FY2019: 8.2B Gross profit, FY2019: 591.9M Net income, FY2019: 141.5M Revenue, FY2020: 7B Gross profit, FY2020: 517.2M Net income, FY2020: 133.2M Revenue, FY2021: 6.7B Gross profit, FY2021: 526.4M Net income, FY2021: 249.5M Revenue, FY2022: 7.9B Gross profit, FY2022: 622.2M Net income, FY2022: 240.4M Revenue, FY2023: 8.9B Gross profit, FY2023: 743.2M Net income, FY2023: 310M Revenue, FY2024: 7.6B Gross profit, FY2024: 640.4M Net income, FY2024: 222.5M Revenue, FY2025: 8.1B Gross profit, FY2025: 716.4M Net income, FY2025: 245.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.48B $6.87B $7.11B $8.23B $6.95B $6.74B $7.92B $8.94B $7.57B $8.13B
Gross profit $514.3M $519.9M $463.8M $591.9M $517.2M $526.4M $622.2M $743.2M $640.4M $716.4M
Net income $187.8M $138.8M -$95.5M $141.5M $133.2M $249.5M $240.4M $310.0M $222.5M $245.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Acquisition or disposal completed Item 2.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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