SANMINA CORP

Listed Company

SANMCIK 0000897723NasdaqLarge AcceleratedPrinted Circuit BoardsDelawareFY ends Oct 3

Period

FY 2025

Revenue

$8.13B

Net Income

$245.89M

Total Assets

$5.86B

Equity

$2.54B

Shares Out

53.60M

Op. Cash Flow

$620.66M

Business

SANMINA CORP provides integrated manufacturing solutions, components, products, repair, logistics and after-market services primarily to original equipment manufacturers in industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. It offers product design and engineering, PCB and component fabrication, high-level assembly and test, direct order fulfillment, global supply chain management, repair and cloud-based smart manufacturing software. The company manages operations through two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). Sanmina distributes and supports customers globally from a network of facilities in about 20 countries across four continents, locating sites near customer end markets and using regional and low-cost manufacturing and logistics channels.

Summary from filing dated 2025-11-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	8,128	7,568	8,935	7,920	6,738
Cost of sales	7,412	6,928	8,192	7,297	6,212
Gross profit	716	640	743	622	526
Selling, general and administrative	290	266	255	245	235
Research and development	31	29	26	21	21
Acquisition and integration charges	34	0	0	—	—
Restructuring	6	10	6	—	—
Total operating expenses	362	305	288	273	271
Operating income	355	335	456	349	256
Interest income	16	12	14	2	925,000
Interest expense	−20	−29	−36	−22	—
Other income (expense), net	−11	−1	−20	−26	44
Interest and other, net	−15	−18	−43	−47	26
Income before income taxes	339	318	413	302	282
Provision for income taxes	73	80	85	62	32
Net income before noncontrolling interest	266	238	328	240	250
Less: Net income attributable to noncontrolling interest	20	15	18	0	0
Net income attributable to common shareholders	246	223	310	240	250
Basic (per share)	4.56	4	5.36	3.92	3.82
Diluted (per share)	4.46	3.91	5.18	3.81	3.72
Basic (shares)	54	56	58	61	65
Diluted (shares)	55	57	60	63	67

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	926	626	668	530	650
Accounts and Other Receivables, Net, Current	1,400	1,338	1,231	1,139	1,192
Contract assets	426	384	446	476	349
Inventories	1,988	1,444	1,477	1,684	1,037
Prepaid expenses and other current assets	125	79	58	62	54
Total current assets	4,865	3,870	3,880	3,891	3,282
Property, plant and equipment, net	682	616	633	575	533
Deferred income tax assets	171	161	178	210	235
Other	139	176	184	160	157
Total assets	5,858	4,823	4,874	4,836	4,207
Accounts payable	1,579	1,442	1,559	2,041	1,465
Accrued liabilities	180	133	321	282	162
Deferred revenue and customer advances	878	216	—	—	—
Accrued payroll and related benefits	168	133	127	131	118
Short-term debt, including current portion of long-term debt	18	18	26	18	19
Total current liabilities	2,822	1,941	2,033	2,471	1,763
Long-term debt	283	300	312	329	312
Other	214	221	210	215	254
Total long-term liabilities	497	521	522	545	565
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, authorized 5,000 shares, none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, authorized 166,667 shares; 114,561 and 113,117 shares issued and 53,404 and 53,921 shares outstanding as of September 27, 2025 and September 28, 2024, respectively	534,000	539,000	568,000	574,000	643,000
Treasury stock, 61,157 and 59,196 shares as of September 27, 2025 and September 28, 2024, respectively, at cost	−1,896	−1,740	−1,485	−1,378	−1,047
Additional paid-in capital	6,642	6,576	6,513	6,381	6,339
Accumulated other comprehensive income	70	67	71	56	41
Accumulated deficit	−2,462	−2,707	−2,930	−3,240	−3,454
Noncontrolling interest	185	165	150	0	—
Equity, Including Portion Attributable to Noncontrolling Interest, Total	2,539	2,362	2,319	1,820	1,853
Total liabilities and stockholders equity	5,858	4,823	4,874	4,836	4,207

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	119	122	118	109	110
Stock-based compensation expense	63	57	50	40	35
Deferred income taxes	−12	30	29	28	28
Other, net	−6	−1	2	10	−1
Accounts receivable	−64	−104	−89	47	−146
Contract assets	−42	62	30	−144	54
Inventories	−543	36	210	−651	−157
Prepaid expenses and other assets	227,000	325,000	−18	−32	−6
Accounts payable	99	−112	−418	509	244
Increase (Decrease) in Deferred Revenue and Customer Advances	663	89	56	—	—
Accrued liabilities and other	75	−78	−62	174	−49
Cash provided by operating activities	621	340	235	331	338
Purchases of property, plant and equipment	−147	−111	−191	−139	−73
Proceeds from sales of property, plant and equipment	5	2	1	8	1
Purchases of investments	−15	−5	−3	−2	−3
Proceeds from sale of investments	49	0	0	0	0
Cash used in investing activities	−108	−114	−192	−132	−91
Proceeds from revolving credit facility borrowings	563	2,109	2,981	1,874	400
Repayments of revolving credit facility borrowings	−563	−2,109	−2,981	−1,874	−400
Repayments of borrowings	18	22	18	333	—
Net proceeds from stock issuances	0	6	3	2	3
Repurchases of common stock	−114	−228	−85	−331	−64
Payments for tax withholding on stock-based compensation	−43	−26	−22	—	—
Proceeds from sale of noncontrolling interest	0	0	216	0	0
Proceeds from (Payment for) Other Financing Activity	477,000	0	−113,000	500,000	—
Cash provided by (used in) financing activities	−174	−270	95	−314	−77
Effect of exchange rate changes	2	2	498,000	−5	−199,000
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	340	−42	138	−120	170
Interest, net of capitalized interest	17	26	32	18	15
Income taxes, net of refunds	99	69	57	48	33
Unpaid purchases of property, plant and equipment at end of period	54	17	22	39	21

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro