Sanmina Corp (SANM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Jul 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SANM SEC filings page.
Sanmina Corp (SANM) reported $12.8B in revenue over the twelve months to Jun 27, 2026, up 58.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sanmina’s thin-margin operating model converted a stronger FY2025 recovery into unusually high cash generation while working capital expanded.
Cash conversion strengthened sharply: operating cash flow reached$621M against net income of$246M , even as inventory climbed to$1.99B ; cash generation therefore depended on more than reported earnings and occurred alongside a larger operating asset base. Free cash flow reached$473M in FY2025 versus$44M in FY2023, showing that the cash profile changed far more than profitability did.
Margin expansion did not fully reach operating profit: gross margin rose to
The balance sheet expanded without debt-led financing: total assets reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sanmina Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sanmina Corp has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.
Sanmina Corp's revenue grew 7.4% year-over-year to $8.1B, a solid pace of expansion. This earns a growth score of 17/100.
Sanmina Corp carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
Sanmina Corp's current ratio of 1.72 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Sanmina Corp has a free cash flow margin of 5.8%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Sanmina Corp earns a strong 9.7% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is up from 9.4% the prior year.
Sanmina Corp scores 3.30, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.4B) relative to total liabilities ($3.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Sanmina Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Sanmina Corp generates $2.52 in operating cash flow ($620.7M OCF vs $245.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Sanmina Corp earns $17.60 in operating income for every $1 of interest expense ($354.6M vs $20.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Sanmina Corp generated $3.5B in revenue in Q3 2026. This represents an increase of 69.7% from the same quarter a year earlier. Against the prior quarter it is down 13.7%.
Sanmina Corp's EBITDA was $269.4M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 114.4% from the same quarter a year earlier. Against the prior quarter it is up 32.0%.
Sanmina Corp reported $117.1M in net income in Q3 2026. This represents an increase of 70.7% from the same quarter a year earlier. Against the prior quarter it is up 25.1%.
Sanmina Corp earned $2.12 per diluted share (EPS) in Q3 2026. This represents an increase of 68.3% from the same quarter a year earlier. Against the prior quarter it is up 24.7%.
Cash & Balance Sheet
Sanmina Corp generated $23.6M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 85.6% from the same quarter a year earlier. Against the prior quarter it is down 93.1%.
Sanmina Corp held $1.8B in cash against $2.0B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Sanmina Corp's gross margin was 10.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Sanmina Corp's operating margin was 6.4% in Q3 2026, reflecting core business profitability. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.
Sanmina Corp's net profit margin was 3.4% in Q3 2026, showing the share of revenue converted to profit. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Sanmina Corp's ROE was 4.2% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Capital Allocation
Sanmina Corp invested $8.3M in research and development in Q3 2026. This represents an increase of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Sanmina Corp invested $100.9M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 172.0% from the same quarter a year earlier. Against the prior quarter it is up 77.9%.
Not reported for Q3 2026.
SANM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B+69.7% | $4.0B+102.3% | $3.2B+59.0% | $2.1B+3.9% | $2.0B+10.9% | $2.0B+8.1% | $2.0B+7.0% | $2.0B-8.6% |
| Cost of Revenue | $3.1B+66.7% | $3.7B+102.4% | $2.9B+60.3% | $1.9B+3.2% | $1.9B+10.2% | $1.8B+7.6% | $1.8B+7.3% | $1.8B-8.8% |
| Gross Profit | $363.3M+100.7% | $353.8M+100.7% | $242.4M+44.3% | $191.2M+11.6% | $181.1M+17.9% | $176.2M+13.9% | $167.9M+4.4% | $171.3M-6.5% |
| R&D Expenses | $8.3M+2.3% | $8.0M+9.2% | $8.7M+23.3% | $8.7M+5.2% | $8.1M+5.5% | $7.3M+15.7% | $7.0M+11.7% | $8.2M+22.7% |
| SG&A Expenses | $109.3M+57.2% | $113.5M+48.8% | $114.9M+62.2% | $73.5M+4.3% | $69.5M+12.7% | $76.3M+10.3% | $70.8M+9.4% | $70.5M+2.4% |
| Operating Income | $221.2M+130.7% | $157.0M+71.4% | $73.6M-16.9% | $78.5M-12.4% | $95.9M+16.4% | $91.6M+20.6% | $88.6M+1.2% | $89.6M-16.6% |
| EBITDA | $269.4M+114.4% | $204.1M+70.3% | $113.1M-6.1% | $108.1M-10.8% | $125.6M+12.0% | $119.8M+12.8% | $120.5M+1.8% | $121.2M-11.7% |
| Interest Expense | $32.5M+551.8% | $32.1M+545.5% | $24.7M+394.3% | $5.2M+2.8% | $5.0M-33.6% | $5.0M-39.4% | $5.0M-40.5% | $5.0M-49.9% |
| Income Tax | $66.4M+258.7% | $33.3M+86.3% | $9.8M-36.2% | $21.4M+9.9% | $18.5M-6.9% | $17.9M-6.4% | $15.4M-27.8% | $19.4M+12.6% |
| Net Income | $117.1M+70.7% | $93.6M+45.8% | $49.3M-24.2% | $48.1M-21.7% | $68.6M+33.0% | $64.2M+22.3% | $65.0M+13.9% | $61.4M-19.8% |
| EPS (Basic) | $2.17+69.5% | $1.72+45.8% | $0.91-24.2% | $0.90-19.6% | $1.28+37.6% | $1.18+25.5% | $1.20+18.8% | $1.12-15.2% |
| EPS (Diluted) | $2.12+68.3% | $1.70+46.6% | $0.89-23.3% | $0.88-19.3% | $1.26+38.5% | $1.16+24.7% | $1.16+18.4% | $1.09-14.8% |
| Diluted Shares (Avg) | 55M+1.2% | 55M-0.7% | 56M-0.6% | N/A | 54M-3.9% | 56M-2.0% | 56M-4.1% | N/A |
SANM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7B+86.5% | $9.7B+94.7% | $9.8B+103.7% | $5.9B+21.5% | $5.2B+12.0% | $5.0B+6.0% | $4.8B+4.2% | $4.8B-2.7% |
| Current Assets | $7.8B+82.0% | $7.6B+87.1% | $7.9B+102.6% | $4.9B+25.7% | $4.3B+16.5% | $4.1B+10.0% | $3.9B+6.8% | $3.9B-2.1% |
| Cash & Equivalents | $1.8B+131.2% | $1.6B+143.5% | $1.4B+120.4% | $926.3M+48.0% | $797.9M+21.3% | $647.1M-0.6% | $642.4M+1.7% | $625.9M-4.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.2B+98.3% | $3.0B+95.5% | $3.1B+114.1% | $2.0B+37.7% | $1.6B+14.8% | $1.5B+11.9% | $1.4B+2.5% | $1.4B-3.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $121.9M | $358.8M | $306.7M | $30.4M | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.0B+154.1% | $7.1B+174.5% | $7.1B+198.6% | $3.3B+34.8% | $2.7B+18.3% | $2.6B+9.0% | $2.4B+2.0% | $2.5B-8.6% |
| Current Liabilities | $4.4B+95.6% | $4.4B+114.3% | $4.6B+145.1% | $2.8B+45.4% | $2.2B+23.4% | $2.1B+12.2% | $1.9B+3.3% | $1.9B-10.1% |
| Non-Current Liabilities | $2.6B+417.6% | $2.6B+425.2% | $2.5B+397.0% | $497.0M-4.5% | $499.1M-0.3% | $498.0M-2.6% | $507.9M-2.7% | $520.7M-2.6% |
| Long-Term Debt | $2.0B+581.6% | $2.0B+586.3% | $2.0B+576.1% | $283.0M-5.6% | $287.2M-4.2% | $291.4M-4.1% | $295.6M-4.1% | $299.8M-5.3% |
| Total Equity | $2.8B+11.5% | $2.6B+9.0% | $2.7B+9.9% | $2.5B+7.5% | $2.5B+5.7% | $2.4B+2.9% | $2.4B+6.5% | $2.4B+4.2% |
| Retained Earnings | N/A | N/A | N/A | -$2.5B+9.1% | N/A | N/A | N/A | -$2.7B |
Not reported in any period shown, so not listed: Accounts Receivable.
SANM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $124.5M-38.0% | $398.8M+154.2% | $178.7M+179.5% | $199.1M+283.8% | $200.8M+123.1% | $156.9M+116.9% | $63.9M-49.3% | $51.9M-8.2% |
| Depreciation & Amortization | $48.2M+62.0% | $47.1M+66.9% | $39.5M+24.1% | $29.7M-6.3% | $29.8M0.0% | $28.2M-6.8% | $31.8M+3.6% | $31.7M+5.9% |
| Stock-Based Compensation | $24.8M+54.3% | $24.1M+52.4% | $23.6M+54.5% | N/A | $16.1M+9.5% | $15.8M+7.8% | $15.3M+21.5% | N/A |
| Capital Expenditures | $100.9M+172.0% | $56.7M+84.7% | $86.8M+408.3% | $62.5M+171.6% | $37.1M+52.0% | $30.7M+3.7% | $17.1M-50.1% | $23.0M-55.9% |
| Free Cash Flow | $23.6M-85.6% | $342.0M+171.1% | $91.9M+96.1% | $136.6M+373.1% | $163.7M+149.5% | $126.1M+195.4% | $46.9M-49.0% | $28.9M+565.0% |
| Investing Cash Flow | $142.0M+534.7% | -$57.8M-1436.3% | -$1.4B-8226.2% | -$62.6M-141.9% | -$32.7M-39.8% | $4.3M+114.3% | -$17.2M+50.5% | -$25.9M+50.8% |
| Financing Cash Flow | -$4.2M+77.8% | -$181.8M-54.0% | $1.8B+6190.4% | -$8.2M+86.4% | -$18.8M+68.2% | -$118.0M-440.1% | -$28.8M+77.6% | -$60.4M+7.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SANM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5%+1.6pp | 8.8%-0.1pp | 7.6%-0.8pp | 9.1%+0.6pp | 8.9%+0.5pp | 8.9%+0.4pp | 8.4%-0.2pp | 8.5%+0.2pp |
| Operating Margin | 6.4%+1.7pp | 3.9%-0.7pp | 2.3%-2.1pp | 3.7%-0.7pp | 4.7%+0.2pp | 4.6%+0.5pp | 4.4%-0.2pp | 4.4%-0.4pp |
| Net Margin | 3.4%0.0pp | 2.3%-0.9pp | 1.6%-1.7pp | 2.3%-0.8pp | 3.4%+0.6pp | 3.2%+0.4pp | 3.2%+0.2pp | 3.0%-0.4pp |
| Return on Equity | 4.2%+1.5pp | 3.6%+0.9pp | 1.8%-0.8pp | 1.9%-0.7pp | 2.8%+0.6pp | 2.7%+0.4pp | 2.7%+0.2pp | 2.6%-0.8pp |
| Return on Assets | 1.2%-0.1pp | 1.0%-0.3pp | 0.5%-0.9pp | 0.8%-0.4pp | 1.3%+0.2pp | 1.3%+0.2pp | 1.4%+0.1pp | 1.3%-0.3pp |
| Current Ratio | 1.78-0.1x | 1.71-0.2x | 1.70-0.4x | 1.72-0.3x | 1.91-0.1x | 1.960.0x | 2.06+0.1x | 1.99+0.2x |
| Debt-to-Equity | 0.71+0.6x | 0.77+0.6x | 0.75+0.6x | 0.110.0x | 0.120.0x | 0.120.0x | 0.120.0x | 0.130.0x |
| Asset Turnover | 0.360.0x | 0.420.0x | 0.33-0.1x | 0.36-0.1x | 0.390.0x | 0.400.0x | 0.420.0x | 0.420.0x |
| FCF Margin | 0.7%-7.3pp | 8.5%+2.2pp | 2.9%+0.5pp | 6.5%+5.1pp | 8.0%+4.5pp | 6.4%+4.0pp | 2.3%-2.6pp | 1.4%+1.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Sanmina Corp SANM | FY2025 | $8.1B | $245.9M | 3.0% | $10.4B | 58/100 |
| Littelfuse Inc LFUS | FY2025 | $2.4B | -$71.7M | -3.0% | $10.5B | 56/100 |
| TTM Technologies Inc TTMI | FY2025 | $2.9B | $177.4M | 6.1% | $12.2B | 52/100 |
| Universal Display Corp OLED | FY2025 | $650.6M | $242.0M | 37.2% | $3.5B | 83/100 |
| OSI Systems Inc OSIS | FY2026 | $1.8B | $154.7M | 8.7% | $3.1B | 62/100 |
| Plexus Corp PLXS | FY2025 | $4.0B | $172.9M | 4.3% | $6.9B | 50/100 |
Where Sanmina Corp Ranks
Frequently Asked Questions
What is Sanmina Corp's annual revenue?
Sanmina Corp (SANM) reported $8.1B in total revenue for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sanmina Corp's revenue growing?
Sanmina Corp (SANM) revenue grew by 7.4% year-over-year, from $7.6B to $8.1B in fiscal year 2025.
Is Sanmina Corp profitable?
Yes, Sanmina Corp (SANM) reported a net income of $245.9M in fiscal year 2025, with a net profit margin of 3.0%.
What is Sanmina Corp's EBITDA?
Sanmina Corp (SANM) had EBITDA of $474.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sanmina Corp have?
As of fiscal year 2025, Sanmina Corp (SANM) had $926.3M in cash and equivalents against $283.0M in long-term debt.
What is Sanmina Corp's gross margin?
Sanmina Corp (SANM) had a gross margin of 8.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sanmina Corp's operating margin?
Sanmina Corp (SANM) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Sanmina Corp's net profit margin?
Sanmina Corp (SANM) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sanmina Corp's return on equity (ROE)?
Sanmina Corp (SANM) has a return on equity of 9.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sanmina Corp's free cash flow?
Sanmina Corp (SANM) generated $473.3M in free cash flow during fiscal year 2025. This represents a 106.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sanmina Corp's operating cash flow?
Sanmina Corp (SANM) generated $620.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sanmina Corp's total assets?
Sanmina Corp (SANM) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sanmina Corp's capital expenditures?
Sanmina Corp (SANM) invested $147.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Sanmina Corp spend on research and development?
Sanmina Corp (SANM) invested $31.1M in research and development during fiscal year 2025.
What is Sanmina Corp's current ratio?
Sanmina Corp (SANM) had a current ratio of 1.72 as of fiscal year 2025, which is generally considered healthy.
What is Sanmina Corp's debt-to-equity ratio?
Sanmina Corp (SANM) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sanmina Corp's return on assets (ROA)?
Sanmina Corp (SANM) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sanmina Corp's P/E ratio?
Sanmina Corp (SANM) trades at 33.8x earnings, its market capitalization divided by net income of $308.1M net income, trailing 12 months to June 27, 2026. The market capitalization is $10.4B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Sanmina Corp's price-to-sales ratio?
Sanmina Corp (SANM) trades at 0.8x sales, its market capitalization divided by revenue of $12.8B revenue, trailing 12 months to June 27, 2026. The market capitalization is $10.4B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Sanmina Corp's Altman Z-Score?
Sanmina Corp (SANM) has an Altman Z-Score of 3.30, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Sanmina Corp's Piotroski F-Score?
Sanmina Corp (SANM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sanmina Corp's earnings high quality?
Sanmina Corp (SANM) has an earnings quality ratio of 2.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Sanmina Corp cover its interest payments?
Sanmina Corp (SANM) has an interest coverage ratio of 17.60x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Sanmina Corp?
Sanmina Corp (SANM) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.