Sanmina Reports Fourth Quarter and Fiscal 2026 Financial Results

Annual cash generation and share repurchases increased alongside higher debt and acquisition-related expenses.

Rhea-AI Summary

Sanmina (NASDAQ: SANM) reported fourth-quarter revenue of $3.86 billion, with higher earnings and margins than a year earlier. For the quarter ended October 3, 2026, GAAP diluted earnings per share rose to $2.14 from $0.88, while GAAP operating margin reached 6.0% versus 3.7%. Adjusted diluted EPS was $4.43 versus $1.67.

Fiscal 2026 revenue reached $14.53 billion, up 79%, and GAAP diluted EPS increased to $6.85 from $4.46. Annual operating cash flow totaled $944 million; share repurchases totaled $393 million. Sanmina integrated ZT Systems, while long-term debt rose to $1.92 billion from $282.97 million. For fiscal 2027, the company projects revenue of $17.5 billion–$19.5 billion and adjusted diluted EPS of $15.50–$17.50. First-quarter guidance calls for revenue of $3.8 billion–$4.1 billion and adjusted diluted EPS of $3.50–$3.85, below fourth-quarter EPS.

18 points · 1 major

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2 major · 13 points

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Positive

• Major pointFiscal 2026 revenue grew 79% to $14.53 billion from $8.13 billion in fiscal 2025.
• Moderate pointFiscal 2026 GAAP diluted EPS increased to $6.85 from $4.46.
• Moderate pointFiscal 2026 adjusted diluted EPS rose to $13.28 from $6.04.
• Moderate pointFiscal 2026 adjusted operating margin expanded to 7.4% from 5.7%.
• Moderate pointFiscal 2026 operating cash flow rose to $944.094 million from $620.657 million.
• Moderate pointFree cash flow totaled $541 million for fiscal 2026 and $83 million for the fourth quarter.
• Moderate pointFiscal 2026 repurchases returned $393 million, buying approximately 2.4 million shares, including $154 million in Q4. 5.4% of market cap
• Moderate pointYear-end cash increased to $1.68 billion from $926.267 million at the prior fiscal year-end.
• Moderate pointZT Systems integration was completed; Sanmina reported double-digit year-over-year growth in its core business.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 revenue guidance is $17.5 billion–$19.5 billion; Sanmina projects about 27% growth at the midpoint.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 adjusted diluted EPS guidance is $15.50–$17.50; Sanmina projects about 24% midpoint growth.

7 minor points

• Minor pointFourth-quarter revenue rose to $3.86 billion from $2.10 billion a year earlier.
• Minor pointFourth-quarter GAAP diluted EPS rose to $2.14 from $0.88 a year earlier.
• Minor pointFiscal 2026 GAAP operating margin improved to 4.7% from 4.4%.
• Minor pointFourth-quarter GAAP operating margin increased to 6.0% from 3.7% a year earlier.
• Minor pointFourth-quarter adjusted diluted EPS increased to $4.43 from $1.67 a year earlier.
• Minor pointFourth-quarter adjusted operating margin reached 9.0%, versus 6.0% a year earlier.
• Minor pointFourth-quarter operating cash flow increased to $242.117 million from $199.079 million a year earlier.

Negative

• Major pointLong-term debt rose to $1,915.528 million from $282.974 million at the prior fiscal year-end.
• Major pointFiscal 2026 acquisition cash payments, net of acquired cash and working-capital settlement, totaled $1,114.152 million. 15% of market cap
• Moderate pointShort-term debt, including current long-term maturities, increased to $172 million from $17.5 million year over year.
• Moderate pointFiscal 2026 interest expense increased to $122.177 million from $20.151 million.
• Moderate pointFiscal 2026 acquisition, integration and other expenses rose to $221.176 million from $34.162 million.
• Moderate pointFiscal 2026 net property and equipment purchases increased to $403.267 million from $142.476 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.First-quarter adjusted diluted EPS guidance of $3.50–$3.85 is below fourth-quarter fiscal 2026 EPS of $4.43.
• Moderate point. Forward-looking: it has not happened yet and may not happen.First-quarter adjusted operating margin guidance of 7.0%–7.5% is below fourth-quarter fiscal 2026 margin of 9.0%.

5 minor points

• Minor pointFourth-quarter interest expense rose to $32.853 million from $5.190 million a year earlier.
• Minor pointFourth-quarter acquisition, integration and other expenses increased to $84.154 million from $27.082 million a year earlier.
• Minor pointFiscal 2026 selling, general and administrative expenses increased to $446.462 million from $290.221 million.
• Minor pointFourth-quarter selling, general and administrative expenses rose to $108.696 million from $73.521 million a year earlier.
• Minor pointFourth-quarter net property and equipment purchases rose to $159.071 million from $62.304 million a year earlier.

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Key Figures

Q4 revenue: $3.86 billion Q4 non-GAAP diluted EPS: $4.43 FY26 revenue: $14.53 billion +5 more

Q4 revenue

$3.86 billion

Fourth quarter fiscal 2026

Q4 non-GAAP diluted EPS

$4.43

Fourth quarter fiscal 2026

FY26 revenue

$14.53 billion

Fiscal year 2026

Revenue growth

79%

Fiscal 2026 compared with a year ago

Cash flow from operations

$944 million

Fiscal year 2026

Share repurchases

$154 million; 0.8 million shares

Fourth quarter fiscal 2026

FY27 revenue outlook

$17.5 billion–$19.5 billion

Fiscal year 2027

FY27 non-GAAP diluted EPS outlook

$15.50–$17.50

Fiscal year 2027

Previous Earnings Reports

1 past event · Latest: Jul 27

Same Type 1 event

1. Jul 27

   Q3 earnings report

   24h Move

   -17.5%

   Q3 report set the Q4 revenue and non-GAAP diluted EPS forecast now followed by results.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, free cash flow, contingent consideration, gaap

4 terms

non-gaap financial

"Non-GAAP(1) diluted EPS: $4.43"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

free cash flow financial

"Free cash flow(2): Q4 $83 million and $541 million in FY'26"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

contingent consideration financial

"fair value adjustment to contingent consideration"

Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.

gaap financial

"GAAP operating margin: 6.0%"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

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SAN JOSE, Calif., Nov. 9, 2026 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter ended October 3, 2026 and outlook for its first fiscal quarter ending January 2, 2027.

Fourth Quarter Fiscal 2026 Financial Highlights

• Revenue: $3.86 billion
• GAAP operating margin: 6.0%
• GAAP diluted EPS: $2.14
• Non-GAAP⁽¹⁾ operating margin: 9.0%
• Non-GAAP⁽¹⁾ diluted EPS: $4.43

Fiscal Year 2026 Financial Highlights

• Revenue: $14.53 billion
• GAAP operating margin: 4.7%
• GAAP diluted EPS: $6.85
• Non-GAAP⁽¹⁾ operating margin: 7.4%
• Non-GAAP⁽¹⁾ diluted EPS: $13.28

Additional Highlights

• Cash flow from operations: Q4 $242 million and FY'26 $944 million
• Free cash flow⁽²⁾: Q4 $83 million and $541 million in FY'26
• Share repurchases: Q4 $154 million, or 0.8 million shares and FY'26 $393 million, or approximately 2.4 million shares
• Q4 ending cash and cash equivalents: $1.68 billion

(1)	See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release.
(2)	Free cash flow is defined as net cash provided by operating activities less net purchases of property and equipment. See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release.

"This was a transformative year for Sanmina as we delivered strong broad-based growth across all of our end markets, integrated the ZT Systems business, strengthening our position in the Cloud and AI Infrastructure end market, and grew our core Sanmina business by double digits year-over-year,  maintaining a well-diversified portfolio," stated Jure Sola, Chairman and CEO of Sanmina Corporation.

"Our fiscal 2026 results were exceptional. Revenue grew 79%, non-GAAP operating profit increased 130%, and non-GAAP diluted earnings per share more than doubled compared to a year ago. These results reflect our disciplined execution, robust financial management, and targeted diversification across and within our customers and end markets. Additionally, we generated strong cash flow from operations of $944 million, which provided the flexibility to fund strategic investments in new capabilities and capacity, further strengthening our position in the market while maintaining a very healthy balance sheet."

"As we look to fiscal 2027, we expect demand to remain strong. At the midpoint of our full-year outlook, revenue is projected to grow about 27% and our non-GAAP diluted earnings per share about 24%. We remain excited for the opportunities ahead, and the team is well-positioned to capitalize on the momentum while maintaining disciplined execution to drive sustainable, long-term shareholder value."

	First Quarter Fiscal 2027 Outlook
Revenue:	$3.8 billion - $4.1 billion
Non-GAAP operating margin(3):	7.0% - 7.5%
Non-GAAP diluted EPS(3):	$3.50 - $3.85
	Fiscal 2027 Outlook
Revenue:	$17.5 billion - $19.5 billion
Non-GAAP operating margin(3):	7.0% - 7.5%
Non-GAAP diluted EPS(3):	$15.50 - $17.50

(3)	This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort.

Safe Harbor Statement
The statements above relating to our expectations and the outlook above, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, including the risk that the expected benefits from the ZT Systems acquisition may not be realized or may take longer to realize than anticipated; adverse changes in the key markets we target, in particular the cloud and AI infrastructure sectors; the impact of recent or future changes in tariffs and trade policy, which may adversely affect our costs, supply chain, and customer demand; our reliance on a limited number of customers for a substantial portion of our sales; risks arising from our international operations and expansion into new geographic markets; geopolitical uncertainty, including relating to the conflict in the Middle East, and the other risk factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission.

The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.

Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the fourth quarter of fiscal 2026 and outlook for the first quarter fiscal 2027 and full year fiscal 2027 on Monday, November 9, 2026 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference call will also be webcast live over the Internet. You can log on to the live webcast at Q4'26 Earnings. Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 77611#.

About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the cloud and AI infrastructure, communications networks, industrial and energy, medical, defense and aerospace, and automotive and transportation markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com. 

Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610

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Sanmina Corporation
Condensed Consolidated Balance Sheets
(in thousands)
(GAAP)
(Unaudited)
	October 3, 2026		September 27, 2025
ASSETS
Current assets:
Cash and cash equivalents	$    1,675,641		$      926,267
Accounts receivable, net	2,340,508		1,400,129
Contract assets	620,650		425,944
Inventories	3,609,268		1,988,462
Prepaid expenses and other current assets	360,814		124,656
Total current assets	8,606,881		4,865,458
Property, plant and equipment, net	1,185,607		682,354
Deferred income tax assets	264,961		171,218
Goodwill	228,934		30,386
Other assets	453,347		108,757
Total assets	$   10,739,730		$     5,858,173
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$    3,021,669		$    1,578,895
Accrued liabilities	362,722		179,605
Deferred revenue and customer advances	1,535,768		878,474
Accrued payroll and related benefits	230,698		167,541
Short-term debt, including current portion of long-term debt	172,000		17,500
Total current liabilities	5,322,857		2,822,015
Long-term liabilities:
Long-term debt	1,915,528		282,974
Other liabilities	708,420		214,021
Total long-term liabilities	2,623,948		496,995
Stockholders' equity	2,792,925		2,539,163
Total liabilities and stockholders' equity	$   10,739,730		$     5,858,173

 

Sanmina Corporation
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(GAAP)
(Unaudited)
	Three Months Ended				Twelve Months Ended
	October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Net sales	$   3,858,022		$   2,096,392		$  14,525,002		$   8,128,382
Cost of sales	3,422,712		1,905,235		13,130,234		7,412,025
Gross profit	435,310		191,157		1,394,768		716,357
Operating expenses:
Selling, general and administrative	108,696		73,521		446,462		290,221
Research and development	8,075		8,669		32,991		31,087
Acquisition, integration and others	84,154		27,082		221,176		34,162
Amortization of intangibles	1,831		—		6,714		—
Restructuring	2,868		3,420		5,908		6,319
Total operating expenses	205,624		112,692		713,251		361,789
Operating income	229,686		78,465		681,517		354,568
Interest income	13,650		4,536		39,941		15,855
Interest expense	(32,853)		(5,190)		(122,177)		(20,151)
Other income (expense), net	(4,676)		(4,474)		(9,002)		(10,844)
Interest and other, net	(23,879)		(5,128)		(91,238)		(15,140)
Income before income taxes	205,807		73,337		590,279		339,428
Provision for income taxes	79,257		21,364		188,851		73,168
Net income before noncontrolling interest	126,550		51,973		401,428		266,260
Less: Net income attributable to noncontrolling interest	8,590		3,907		23,407		20,367
Net income attributable to common shareholders	$     117,960		$      48,066		$     378,021		$     245,893
Net income attributable to common shareholders per share:
Basic	$         2.20		$         0.90		$         7.00		$         4.56
Diluted	$         2.14		$         0.88		$         6.85		$         4.46
Weighted-average shares used in computing per share amounts:
Basic	53,568		53,567		53,971		53,947
Diluted	55,083		54,860		55,202		55,178

 

Sanmina Corporation
Reconciliation of GAAP to Non-GAAP Measures
(in thousands, except per share amounts)
(Unaudited)
			Three Months Ended				Twelve Months Ended
			October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
GAAP Operating income			$     229,686		$       78,465		$      681,517		$      354,568
	GAAP Operating margin		6.0 %		3.7 %		4.7 %		4.4 %
Adjustments:
	Stock compensation expense (1)		28,968		16,233		101,471		63,396
	Amortization of inventory fair value adjustment (2)		—		—		49,000		—
	Amortization of intangible assets (3)		2,431		—		8,914		—
	Acquisition, integration and others (4)		84,154		27,082		221,176		34,162
	Distressed customer charges (5)		—		—		—		7,031
	Legal and other (6)		—		1,250		4,650		1,700
	Restructuring and other		2,868		3,420		5,908		4,602
Non-GAAP Operating income			$     348,107		$      126,450		$    1,072,636		$      465,459
	Non-GAAP Operating margin		9.0 %		6.0 %		7.4 %		5.7 %
GAAP Net income attributable to common shareholders			$     117,960		$       48,066		$      378,021		$      245,893
Adjustments:
	Operating income adjustments (see above)		118,421		47,985		391,119		110,891
	Legal and other (6)		3,000		—		600		—
	Gain on sale of investment (7)		—		—		(4,710)		—
	Adjustments for taxes (8)		4,646		(4,604)		(32,025)		(23,534)
Non-GAAP Net income attributable to common shareholders			$     244,027		$       91,447		$      733,005		$      333,250
GAAP Net income attributable to common shareholders per share:
	Basic		$         2.20		$          0.90		$          7.00		$          4.56
	Diluted		$         2.14		$          0.88		$          6.85		$          4.46
Non-GAAP Net income attributable to common shareholders per share:
	Basic		$         4.56		$          1.71		$        13.58		$          6.18
	Diluted		$         4.43		$          1.67		$        13.28		$          6.04
Weighted-average shares used in computing per share amounts:
	Basic		53,568		53,567		53,971		53,947
	Diluted		55,083		54,860		55,202		55,178
(1)	Stock compensation expense
	Cost of sales		$        8,451		$         5,225		$       26,523		$       20,136
	Selling, general and administrative		20,064		10,621		73,387		41,974
	Research and development		453		387		1,561		1,286
	Total		$       28,968		$       16,233		$      101,471		$       63,396
(2)	Relates to the amortization of the fair value step up on inventory from the ZT acquisition.
(3)	Relates to amortization of intangible assets acquired from the ZT acquisition.
(4)	Q4'26 and FY26 results include a $78M and $150M fair value adjustment to contingent consideration, respectively, alongside certain employee compensation and professional services related to the ZT acquisition.
(5)	Relates to accounts receivable and inventory write-downs or recoveries associated with distressed customers.
(6)	Represents expense recorded in connection with the settlement of a legal matter, investment write-off and loss on debt extinguishment as applicable, for various periods presented.
(7)	Relates to gain on sale of equity interest.
(8)	Adjustments for taxes include the tax effects of the various adjustments we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items.

 

Sanmina Corporation
Condensed Consolidated Cash Flow
(in thousands)
(GAAP)
(Unaudited)
		Three Months Ended				Twelve Months Ended
		October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Net income before noncontrolling interest		$       126,550		$       51,973		$      401,428		$      266,260
Depreciation and intangibles amortization		46,574		29,653		181,391		119,466
Amortization of inventory fair value adjustment		—		—		49,000		—
Deferred income taxes		76,143		(18,802)		131,119		(11,812)
Change in fair value of contingent consideration		78,000		—		150,000		—
Other, net		30,996		15,811		103,634		57,732
Net change in net working capital		(116,146)		120,444		(72,478)		189,011
Cash provided by operating activities		242,117		199,079		944,094		620,657
Purchases of investments		—		(340)		—		(15,040)
Proceeds from sales of investments		—		—		8,710		49,309
Net purchases of property, plant and equipment		(159,071)		(62,304)		(403,267)		(142,476)
Cash paid for business acquisition, net of cash acquired and working capital settlement received		—		—		(1,114,152)		—
Cash used in investing activities		(159,071)		(62,644)		(1,508,709)		(108,207)
Proceeds from long-term debt		—		—		2,200,000		—
Net borrowing activities		(86,000)		(4,375)		(387,875)		(17,500)
Repurchases of common stock		(155,380)		624		(394,624)		(113,320)
Payments for tax withholding on stock-based compensation		(469)		(4,473)		(60,071)		(43,020)
Debt issuance costs		—		—		(29,341)		—
Cash provided by (used in) financing activities		(241,849)		(8,224)		1,328,089		(173,840)
Effect of exchange rate changes		(69)		289		(1,347)		1,750
Net change in cash, cash equivalents and restricted cash equivalents		$      (158,872)		$      128,500		$      762,127		$      340,360
Free cash flow:
Cash provided by operating activities		$       242,117		$      199,079		$      944,094		$      620,657
Net purchases of property, plant and equipment		(159,071)		(62,304)		(403,267)		(142,476)
		$        83,046		$      136,775		$      540,827		$      478,181

Schedule 1

The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income and earnings per share. Management excludes from these measures stock-based compensation, restructuring, acquisition, integration and other expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.

Management excludes these items principally because such charges or benefits are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company's operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management's approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company's liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.

Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.

Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.

Restructuring, Acquisition, Integration and Other Expenses, which consist of employee severance, lease termination costs, exit costs, environmental investigation, remediation and related employee costs and other charges primarily related to closing and consolidating manufacturing facilities, and those associated with the acquisition, integration and other expenses of acquired businesses including fair value adjustments related to contingent consideration liability, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.

Impairment Charges for Goodwill and Other Assets, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.

Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.

Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, and gains and losses on sales of assets, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company's ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.

Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company's core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.

View original content:https://www.prnewswire.com/news-releases/sanmina-reports-fourth-quarter-and-fiscal-2026-financial-results-302933746.html

SOURCE Sanmina Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Sanmina's fourth-quarter fiscal 2026 earnings results?

Sanmina reported $3.86 billion in revenue and GAAP diluted earnings per share of $2.14 for the quarter ended October 3, 2026. Adjusted diluted EPS was $4.43, compared with $1.67 a year earlier. GAAP operating margin increased to 6.0% from 3.7%.

What is Sanmina's fiscal 2027 outlook?

Sanmina projects fiscal 2027 revenue of $17.5 billion–$19.5 billion, adjusted diluted EPS of $15.50–$17.50, and adjusted operating margin of 7.0%–7.5%. For the first fiscal quarter ending January 2, 2027, guidance is revenue of $3.8 billion–$4.1 billion, adjusted diluted EPS of $3.50–$3.85, and adjusted operating margin of 7.0%–7.5%.

What ZT acquisition adjustments affected Sanmina's fiscal 2026 results?

Sanmina's acquisition, integration and other expenses included contingent consideration fair-value adjustments of $78 million in Q4 and $150 million for fiscal 2026. These reflect changes in the recorded value of conditional acquisition payments. Annual adjusted operating income also excluded $49 million of acquisition-related inventory fair-value amortization and $8.914 million of acquired intangible-asset amortization.