Sanmina Corporat Stock Price, News & Analysis
Company Description
Sanmina Corporation (NASDAQ: SANM) is a Fortune 500 integrated manufacturing solutions company serving key segments of the global Electronics Manufacturing Services (EMS) market. According to the company, it provides end-to-end manufacturing solutions and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud and AI infrastructure markets. Sanmina’s common stock is listed on the NASDAQ Global Select Market, and the company reports that it has facilities strategically located in important regions around the world.
Sanmina describes itself as a technology leader that delivers manufacturing services across the full product lifecycle, including design, engineering, manufacturing and fulfillment. The company’s activities include integrated manufacturing solutions and components, and the Polygon description notes two managed businesses: Integrated Manufacturing Solutions, which includes printed circuit board assembly, and Components, Products, and Services, which includes interconnect systems and mechanical systems. The company’s EMS focus connects it to customers in communications networks, storage, industrial, defense, aerospace and other advanced technology end-markets.
Sanmina states that it serves OEMs in markets such as industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure, and more recently highlights exposure to the cloud and AI infrastructure and cloud and AI end-market. In multiple company communications, Sanmina emphasizes its ability to support mission-critical digital and data center infrastructure for hyperscale computing companies through systems integration, component technologies and supply chain capabilities.
Business segments and capabilities
Polygon data indicates that Sanmina manages its operations as two businesses: Integrated Manufacturing Solutions and Components, Products, and Services. Integrated Manufacturing Solutions consists of printed circuit board assembly and represents a majority of the firm’s revenue, while Components, Products, and Services includes interconnect systems and mechanical systems. These activities align with the company’s description of itself as an integrated manufacturing solutions provider within the EMS market.
Sanmina’s news and regulatory disclosures further illustrate its operational scope. The company reports that it provides end-to-end manufacturing solutions and support to OEMs, and that it is recognized as a technology leader in EMS. A product division, Viking Enterprise Solutions, is described as providing advanced data center products, including solid-state memory and disk-based storage server appliances, JBOD storage systems and other products for data center and storage applications. This division’s offerings are positioned for integration into OEM, system integrator and data center products.
End-markets and growth areas
Across multiple press releases, Sanmina highlights that it serves OEMs primarily in industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. The company also refers to the cloud and AI infrastructure and cloud and AI end-market as important growth areas. In connection with its acquisition of the data center infrastructure manufacturing business of ZT Systems from AMD, Sanmina states that ZT Systems is a provider of AI and general-purpose compute infrastructure for hyperscale computing companies. The company describes this acquisition as increasing its scale and exposure to the cloud and AI infrastructure market and enhancing its role in digital infrastructure and hyperscale data center systems integration.
Sanmina also reports an expansion of its Energy-related business with a new factory in Houston, Texas focused on the U.S. energy market. The company states that this facility is intended to build energy products such as medium-voltage distribution transformers, instrument transformers and switchgear. Sanmina characterizes the transmission, distribution and storage of electric power as an area that aligns with its core engineering and manufacturing competencies.
Geographic footprint
According to Polygon, Sanmina generates revenue mainly in the United States, China and Mexico, and has a presence around the world. Company press releases also state that Sanmina has facilities strategically located in key regions globally. These disclosures indicate that the company operates as a global EMS and manufacturing solutions provider with a multi-region footprint supporting its OEM customer base.
Corporate and capital structure developments
Sanmina’s SEC filings describe several corporate and financing arrangements. In an 8-K dated July 29, 2025, the company reports entering into a senior secured Credit Agreement providing for committed credit facilities in an aggregate principal amount of $3.5 billion, consisting of a $1.5 billion revolving credit facility and a $2.0 billion term loan A facility. Subsequent amendments described in an October 31, 2025 8-K add a delayed draw term loan A sub-facility and an $800 million incremental term loan B facility. The company states that borrowings under these facilities are intended, among other uses, to fund the acquisition of ZT Systems’ manufacturing operations, refinance existing indebtedness, pay transaction fees and expenses and support general corporate purposes.
In an 8-K dated October 31, 2025, Sanmina reports that on October 27, 2025 it completed the acquisition of all of the issued and outstanding equity interests of ZT Group Int’l, Inc. (ZT Systems) and its subsidiaries from AMD Design, LLC. The filing describes ZT Systems as a provider of AI and general-purpose compute infrastructure for hyperscale computing companies. The aggregate consideration at closing consisted of cash and shares of Sanmina common stock, with additional contingent cash consideration based on future financial performance. The company also notes that ZT Systems maintains a receivables purchase agreement that remains in place after the acquisition.
In another 8-K dated June 19, 2025, Sanmina reports that its board of directors approved amendments to the company’s Amended and Restated Bylaws. The filing states that these amendments reduced the ownership threshold required for stockholders to call a special meeting, established a one-year continuous holding period for such requests and clarified related procedural mechanics, along with other technical and conforming changes.
Financial reporting and performance communication
Sanmina regularly issues earnings press releases and files related Form 8-Ks to report its financial results and outlook. For example, in an 8-K dated November 3, 2025, the company furnishes a press release announcing unaudited financial results for its fiscal quarter and year ended September 27, 2025. Earlier in 2025, the company issued press releases reporting financial results for its second and third fiscal quarters, including revenue, GAAP and non-GAAP operating margins, diluted earnings per share, cash flow from operations and free cash flow. These releases also include reconciliations of GAAP to non-GAAP measures and explanations of management’s use of non-GAAP metrics.
In the earnings communications, Sanmina emphasizes factors such as operating discipline, business mix, cash generation and demand from communications networks, cloud and AI infrastructure and other end-markets. The company also provides forward-looking outlook ranges for revenue and non-GAAP diluted earnings per share for upcoming quarters, accompanied by safe harbor statements regarding forward-looking information.
Energy and data center initiatives
Sanmina’s news releases highlight specific initiatives that illustrate its strategic focus areas. The company reports the planned expansion of its Energy business through a new factory in Houston, Texas, focused on the U.S. energy market and capable of producing medium-voltage distribution transformers, instrument transformers and switchgear. Sanmina also discloses a collaboration with Končar - Electrical Industry Inc. to co-design a custom medium-voltage transformer and explore additional opportunities to support Končar’s growth plans in the U.S. market.
In the data center and AI space, Sanmina describes its acquisition of ZT Systems’ data center infrastructure manufacturing business as transformational. The company states that this transaction increases its scale, broadens its relationships with hyperscale cloud and AI customers, and brings additional manufacturing capacity, including facilities in New Jersey, Texas and the Netherlands with advanced liquid cooling capabilities. Sanmina positions this combination as reinforcing its capabilities as an end-to-end manufacturing partner for mission-critical digital infrastructure.
Viking Enterprise Solutions division
A Sanmina division, Viking Enterprise Solutions, is described in a news release as providing advanced data center products such as solid-state memory and disk-based storage server appliances, JBOD storage systems and other products for data center and storage applications. The company states that Viking Enterprise Solutions’ products are tailored for integration into OEM, system integrator and data center products, with the goal of reducing development and operating costs and improving time-to-market for customers.
Stock, exchange listing and governance
Sanmina’s common stock trades on the NASDAQ Global Select Market under the symbol SANM, as noted in multiple 8-K filings. These filings also confirm that the company is not classified as an emerging growth company under SEC rules. The company’s SEC disclosures describe its use of non-GAAP financial measures, its credit facilities, its acquisition-related financing and its amended bylaws, providing investors with information on capital structure, governance and risk factors referenced in its annual and quarterly reports.
Frequently asked questions (FAQ)
- What does Sanmina Corporation do?
Sanmina describes itself as a Fortune 500 integrated manufacturing solutions provider within the global Electronics Manufacturing Services (EMS) market. It provides end-to-end manufacturing solutions and support to OEMs in markets such as industrial, medical, defense and aerospace, automotive, communications networks and cloud and AI infrastructure. - Which markets does Sanmina primarily serve?
According to the company’s press releases, Sanmina primarily serves OEMs in the industrial, medical, defense and aerospace, automotive, communications networks and cloud and AI infrastructure markets. - How does Sanmina organize its operations?
Polygon data indicates that Sanmina manages its operations as two businesses: Integrated Manufacturing Solutions, which consists of printed circuit board assembly, and Components, Products, and Services, which includes interconnect systems and mechanical systems. - On which exchange is Sanmina stock listed?
Sanmina’s common stock is listed on the NASDAQ Global Select Market under the trading symbol SANM, as disclosed in multiple Form 8-K filings. - What is Sanmina’s involvement in cloud and AI infrastructure?
Sanmina states that it serves OEMs in the cloud and AI infrastructure and cloud and AI end-markets. Through its acquisition of ZT Systems’ data center infrastructure manufacturing business, described in 2025 press releases and 8-K filings, the company reports that it has increased its scale and capabilities in AI and general-purpose compute infrastructure for hyperscale computing companies. - What is the role of Viking Enterprise Solutions within Sanmina?
Viking Enterprise Solutions is described as a division of Sanmina that provides advanced data center products, including solid-state memory and disk-based storage server appliances, JBOD storage systems and other products for data center and storage applications. - How is Sanmina expanding its Energy-related business?
In a December 2025 press release, Sanmina announces a new factory in Houston, Texas focused on the U.S. energy market, capable of building medium-voltage distribution transformers, instrument transformers and switchgear. The company also reports an agreement with Končar to co-design a custom medium-voltage transformer and explore additional collaboration opportunities. - What credit facilities has Sanmina disclosed?
An 8-K dated July 29, 2025 describes a Credit Agreement providing for $3.5 billion in committed senior secured credit facilities, consisting of a $1.5 billion revolving credit facility and a $2.0 billion term loan A facility. A later 8-K dated October 31, 2025 details amendments that add a delayed draw term loan A sub-facility and an $800 million term loan B facility, with proceeds used in part to fund the ZT Systems acquisition and refinance existing debt. - What changes did Sanmina make to its bylaws in 2025?
In an 8-K dated June 19, 2025, Sanmina reports that its board approved amendments to the company’s Amended and Restated Bylaws. These changes reduced the ownership threshold required to call a special stockholder meeting, established a one-year continuous holding period for such requests and updated related procedural mechanics. - How does Sanmina present its financial performance?
Sanmina issues press releases and files Form 8-Ks to report quarterly and annual financial results, including revenue, GAAP and non-GAAP operating margins, diluted earnings per share, cash flow from operations and free cash flow. The company provides reconciliations between GAAP and non-GAAP measures and explains management’s rationale for using non-GAAP metrics.