Sanmina Corporation SANM R2K

Technology · Electronic Components · United States

https://www.sanmina.com

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engaging in the manufacture of components, subassemblies, and complete systems; and direct order fulfilment and logistics services. In addition, the company provides components, such as printed circuit boards, backplane fabrication and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud infrastructure industries. The company was formerly known as Sanmina-SCI Corp. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

Market & Price

Market Cap

$13.92B

Current Price

$259.73

High / Low (52W)

$263.23 / $84.69

Beta

1.51

Valuation

Stock P/E

54.91

Industry PE

32.74

Forward P/E

19.94

PEG Ratio

1.25

Book Value

$45.55

Price to Book

5.70

P/S

1.23

EV/EBITDA

19.79

Dividend Yield

Profitability & Returns

ROCE

11.84%

ROE

10.96%

ROA

4.79%

Profit Margin

2.29%

Op Margin

5.74%

EPS (Latest Qtr)

$1.70

EPS (TTM)

$4.73

Balance Sheet & Liquidity

Debt/Equity

0.93

Quick Ratio

0.96

Current Ratio

1.71

Debt

$2.42B

Total Assets

$5.86B

Current Assets

$4.87B

Working Capital

$2.04B

Ownership

Promoter Holding

5.26%

Chg in Prom Hold

FII / Inst Holding

100.98%

Chg in FII Hold

-0.02%

Financial Snapshot

Enterprise Value

$14.95B

Total Revenue (TTM)

$11.34B

EBITDA

$755.44M

Free Cash Flow

$-80.89M

Operating Cash Flow

$977.35M

Shares Outstanding

53.60M

Gross Margin

8.54%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

0.87%

Profit 5Y

0.76%

Revenue (YoY)

102.30%

Earnings (YoY)

46.60%

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 54.9.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SANM Sanmina Corporation R2K	259.73	54.91	$13.92B	-	11.84%	10.96%	0.87%	0.76%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Jun 2013	Dec 2013	Mar 2014	Jun 2014	Dec 2014	Mar 2015	Jun 2015	Jan 2016	Apr 2016	Jul 2016	Dec 2016	Apr 2017	Jul 2017	Dec 2017	Mar 2018	Jun 2018	Dec 2018	Mar 2019	Jun 2019	Dec 2019	Mar 2020	Jun 2020	Jan 2021	Apr 2021	Jul 2021	Jan 2022	Apr 2022	Jul 2022	Dec 2022	Apr 2023	Jul 2023	Dec 2023	Mar 2024	Jun 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.59B	1.65B	1.76B	1.70B	1.66B	1.76B	1.92B	2.02B	2.36B	2.32B	2.21B	1.87B	1.83B	1.84B	-	1.98B	2.04B	2.10B	3.19B	4.01B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81B	1.86B	1.91B	2.95B	3.66B
Gross Profit	114.25M	110.78M	118.97M	126.91M	126.35M	115.26M	120.56M	123.64M	136.71M	126.66M	132.16M	133.21M	130.69M	109.47M	114.70M	118.54M	149.34M	153.10M	147.79M	134.88M	107.42M	131.47M	141.24M	143.10M	136.59M	144.49M	146.50M	162.19M	195.39M	191.19M	183.21M	160.84M	154.76M	153.54M	-	176.24M	181.05M	191.16M	242.36M	353.79M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83.63M	77.62M	82.19M	124.73M	123.41M
Operating Income	35.68M	39.52M	45.30M	53.33M	53.48M	49.65M	47.28M	54.05M	61.10M	54.58M	58.66M	58.17M	66.58M	13.79M	48.77M	47.06M	77.54M	78.11M	67.37M	57.18M	24.37M	64.10M	75.56M	64.72M	74.27M	81.43M	76.27M	91.61M	128.43M	120.60M	107.36M	87.58M	75.96M	82.37M	-	92.61M	103.43M	108.97M	117.63M	230.39M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121.59M	126.15M	108.18M	125.83M	210.36M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.98M	4.98M	5.19M	24.72M	32.14M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88.41M	91.41M	73.34M	61.58M	131.14M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.89M	18.52M	21.36M	9.83M	33.32M
Net Income	18.74M	23.10M	20.84M	20.72M	22.66M	14.75M	24.48M	27.14M	30.36M	29.53M	44.86M	31.72M	36.40M	-154.91M	24.63M	33.96M	37.95M	40.88M	42.92M	38.34M	4.88M	44.88M	48.02M	47.04M	117.38M	58.63M	48.62M	77.22M	92.01M	79.62M	76.49M	57.07M	52.48M	51.60M	-	64.21M	68.62M	48.07M	49.29M	93.65M
Diluted EPS	0.22	0.26	0.24	0.24	0.26	0.17	0.29	0.33	0.39	0.38	0.58	0.41	0.47	-2.16	0.33	0.47	0.54	0.57	0.60	0.53	0.07	0.64	0.72	0.70	1.74	0.89	0.76	1.25	1.54	1.33	1.28	0.98	0.93	0.91	-	1.16	1.26	0.88	0.89	1.70
R&D Expense	6.76M	7.91M	8.83M	7.83M	8.07M	7.56M	8.34M	9.65M	10.00M	9.44M	8.17M	8.44M	8.39M	7.62M	8.22M	8.14M	6.44M	7.60M	7.27M	5.20M	5.77M	5.18M	4.80M	5.35M	5.27M	4.78M	5.47M	5.07M	5.60M	6.39M	6.72M	6.29M	6.32M	7.66M	7.02M	7.32M	8.08M	-	8.66M	7.99M

Profit & Loss (Annual)

Figures in USD.

Metric	Oct 2009	Oct 2010	Oct 2011	Sep 2012	Sep 2013	Sep 2014	Oct 2015	Oct 2016	Sep 2017	Sep 2018	Sep 2019	Oct 2020	Sep 2021	Oct 2021	Sep 2022	Oct 2022	Sep 2023	Sep 2024	Sep 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	6.74B	7.92B	7.92B	8.94B	7.57B	8.13B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.30B	-	8.19B	6.93B	7.41B
Gross Profit	322.48M	482.99M	510.35M	435.78M	426.82M	488.28M	483.86M	514.28M	519.91M	463.78M	591.94M	525.71M	-	526.44M	622.21M	622.21M	743.21M	640.43M	716.36M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265.91M	-	281.50M	294.71M	321.31M
Operating Income	-4.66M	204.80M	212.00M	137.49M	157.63M	199.68M	203.10M	224.78M	226.47M	119.44M	286.12M	227.69M	-	255.94M	356.29M	349.48M	461.71M	345.72M	395.05M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	433.58M	-	567.33M	469.14M	479.05M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.47M	-	36.29M	29.18M	20.15M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	302.32M	-	412.81M	317.54M	339.43M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61.94M	-	85.29M	79.78M	73.17M
Net Income	-137.82M	122.44M	68.92M	180.23M	79.35M	197.16M	377.26M	187.84M	138.83M	-95.53M	141.51M	139.71M	-	249.55M	240.38M	240.38M	309.97M	222.54M	245.89M
Diluted EPS	-1.67	1.48	0.83	2.16	0.93	2.27	4.41	2.38	1.78	-1.37	1.97	1.97	-	3.72	4.06	3.81	5.18	3.91	4.46
R&D Expense	16.68M	13.00M	20.80M	21.90M	25.57M	32.49M	33.08M	37.75M	33.72M	30.75M	27.55M	22.56M	-	20.91M	-	21.34M	26.43M	28.51M	31.09M

Compounded Sales Growth

5 Years:	0.87%
1 Year:	102.30%

Compounded Profit Growth

5 Years:	0.76%
1 Year:	46.60%

Stock Price Performance

1 Year:	+206.68%
6 Months:	+68.31%
3 Months:	+67.29%
1 Month:	+24.47%

Balance Sheet (Annual)

Figures in USD.

Metric	Sep 2008	Oct 2009	Oct 2010	Oct 2011	Sep 2012	Sep 2013	Sep 2014	Oct 2015	Oct 2016	Sep 2017	Sep 2018	Sep 2019	Oct 2020	Sep 2021	Oct 2021	Sep 2022	Oct 2022	Sep 2023	Sep 2024	Sep 2025
Total Assets	-	-	3.30B	3.35B	3.17B	3.00B	3.31B	3.49B	3.63B	3.85B	4.09B	3.91B	3.77B	-	4.21B	4.84B	4.84B	4.87B	4.82B	5.86B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.89B	-	3.88B	3.87B	4.87B
Cash & Equivalents	869.80M	899.15M	592.81M	640.29M	409.62M	402.88M	466.61M	412.25M	398.29M	406.66M	419.53M	454.74M	480.53M	-	650.03M	529.86M	529.86M	667.57M	625.86M	926.27M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.68B	-	1.48B	1.44B	1.99B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.14B	-	1.23B	1.34B	1.40B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.02B	-	2.56B	2.46B	3.32B
Current Liabilities	-	-	1.25B	1.27B	1.22B	1.21B	1.53B	1.38B	1.40B	1.62B	2.40B	1.68B	1.52B	-	1.76B	2.47B	2.47B	2.03B	1.94B	2.82B
Long Term Debt	-	-	1.24B	1.18B	837.36M	562.51M	386.68M	423.95M	434.06M	391.45M	14.35M	346.97M	329.25M	-	311.57M	329.24M	329.24M	312.33M	299.82M	282.97M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	346.74M	-	338.27M	317.32M	300.47M
Total Equity	673.49M	519.07M	661.60M	770.52M	963.78M	1.09B	1.25B	1.52B	1.61B	1.65B	1.47B	1.64B	1.63B	-	1.88B	1.82B	1.86B	2.17B	2.20B	2.35B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110.16M	-	111.55M	113.12M	114.56M

Cash Flows (Annual)

Figures in USD.

Metric	Oct 2009	Oct 2010	Oct 2011	Sep 2012	Sep 2013	Sep 2014	Oct 2015	Oct 2016	Sep 2017	Sep 2018	Sep 2019	Oct 2020	Sep 2021	Oct 2021	Sep 2022	Oct 2022	Sep 2023	Sep 2024	Sep 2025
Operating Cash Flow	197.23M	-78.33M	234.91M	215.41M	-	-	174.90M	390.12M	250.96M	156.42M	382.96M	300.56M	-	338.34M	330.85M	330.85M	235.17M	340.22M	620.66M
Investing Cash Flow	-91.92M	-64.30M	-98.11M	-78.03M	-	-	-102.42M	-174.54M	-107.90M	-116.18M	-127.64M	-64.41M	-	-91.33M	-132.21M	-132.21M	-192.46M	-114.40M	-108.21M
Financing Cash Flow	-79.80M	-162.61M	-88.95M	-366.81M	-	-	-126.76M	-231.42M	-135.49M	-28.34M	-220.22M	-210.28M	-	-77.32M	-314.30M	-314.30M	94.50M	-269.71M	-173.84M
Capital Expenditure	-65.93M	-81.42M	-107.57M	-78.63M	-75.95M	-69.51M	-119.10M	-120.40M	-111.83M	-118.88M	-134.67M	-65.98M	-	-73.30M	-138.64M	-138.64M	-191.37M	-111.23M	-147.36M
Free Cash Flow	131.30M	-159.75M	127.33M	136.78M	-	-	55.80M	269.72M	139.13M	37.54M	248.29M	234.57M	-	265.05M	192.22M	192.22M	43.80M	228.99M	473.30M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-115.66M	-	137.22M	-43.89M	338.61M
Share Buybacks	29.16M	759.00K	21.00K	305.00K	1.52M	76.24M	122.76M	142.25M	176.94M	157.62M	12.61M	179.03M	-	64.06M	-	331.10M	-	-	-

Ratios (Annual)

Figures in %.

Metric	Oct 2009	Oct 2010	Oct 2011	Sep 2012	Sep 2013	Sep 2014	Oct 2015	Oct 2016	Sep 2017	Sep 2018	Sep 2019	Oct 2020	Sep 2021	Oct 2021	Sep 2022	Oct 2022	Sep 2023	Sep 2024	Sep 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	7.8%	7.9%	7.9%	8.3%	8.5%	8.8%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	3.8%	4.5%	4.4%	5.2%	4.6%	4.9%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	3.7%	3.0%	3.0%	3.5%	2.9%	3.0%
ROE %	-26.6%	18.5%	8.9%	18.7%	7.3%	15.8%	24.8%	11.7%	8.4%	-6.5%	8.6%	8.6%	-	13.3%	13.2%	12.9%	14.3%	10.1%	10.4%
ROCE %	-	10.0%	10.2%	7.1%	8.8%	11.2%	9.6%	10.1%	10.1%	7.1%	12.9%	10.1%	-	10.5%	15.1%	14.8%	16.3%	12.0%	13.0%

Shareholding Pattern

Insiders

5.26%

Institutions

100.98%

Public Float

106.59%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	16.03%	8.59M	$2.23B
2	FMR, LLC	13.54%	7.26M	$1.88B
3	Vanguard Portfolio Management LLC	7.51%	4.03M	$1.05B
4	Invesco Ltd.	4.51%	2.42M	$627.34M
5	Vanguard Capital Management LLC	4.39%	2.35M	$610.93M
6	Dimensional Fund Advisors LP	4.06%	2.18M	$565.47M
7	State Street Corporation	4.03%	2.16M	$561.18M
8	Geode Capital Management, LLC	2.86%	1.53M	$397.74M
9	Advanced Micro Devices Inc	2.15%	1.15M	$298.96M
10	Bank of America Corporation	1.76%	945.38K	$245.54M

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SANM · Technology