Every 10-Q that Sanmina Corp (SANM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SANM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SANM filings page.
Sanmina Corporation reported sharply higher quarterly results driven by its ZT Systems acquisition and AI demand. Net sales for the quarter ended March 28, 2026 rose to $4.0 billion from $2.0 billion, while net income attributable to common shareholders increased to $93.6 million, or $1.70 diluted EPS, from $64.2 million, or $1.16 diluted EPS.
The October 2025 purchase of ZT Systems for total consideration of about $1.62 billion transformed the business, lifting Communications Networks and Cloud and AI Infrastructure revenue to $2.77 billion in the quarter. IMS now generates about 90% of total sales. Gross margin stayed around 8.8%, as acquisition, integration and inventory fair value amortization costs weighed on profitability.
Sanmina used new Term Loan A and Term Loan B facilities, increasing total long-term debt to $2.17 billion from $300 million, while cash and cash equivalents grew to $1.58 billion. Operating cash flow was strong at $577.5 million over six months, supporting $239 million of share repurchases and continued investment. The company also faces potential obligations from up to $450 million of acquisition-related contingent consideration and is defending several legal and tax matters.
Sanmina Corporation’s quarterly results reflect a transformative acquisition and mixed profitability. Net sales rose to $3.19 billion from $2.01 billion, a 59% increase driven mainly by the ZT Systems acquisition and growth in cloud and AI infrastructure. However, gross margin slipped to 7.6% and net income attributable to common shareholders declined to $49.3 million from $65.0 million, with diluted EPS at $0.89 versus $1.16 a year earlier, weighed down by $49 million of inventory fair value amortization and $43 million of acquisition and integration costs.
The ZT Systems deal had total preliminary consideration of about $1.92 billion, including $1.65 billion cash to sellers, $155 million in stock and an estimated $111 million contingent earnout, adding roughly $276 million of goodwill and $51 million of identifiable intangibles. To fund the transaction, Sanmina replaced a $300 million term loan with a new credit facility and an additional Term Loan B, ending the quarter with $2.20 billion of term loans outstanding and long-term debt of $2.17 billion. Operating cash flow strengthened to $178.7 million, cash and cash equivalents increased to $1.42 billion, and the company repurchased $79 million of stock while maintaining $160 million remaining under repurchase programs.