SANMINA CORP
Business
Sanmina Corporation is a global contract manufacturer providing integrated manufacturing solutions, components, products and after-market services to OEMs in industrial, medical, defense & aerospace, automotive, and cloud infrastructure sectors. The company offers product design, PCB assembly, high-level assembly, fulfillment, logistics and repair services. Sanmina operates through two segments: Integrated Manufacturing Solutions encompassing assembly and fulfillment, and Components, Products and Services comprising advanced PCBs, backplanes, cable assemblies, machined parts and optical modules. The company serves customers globally from facilities across four continents.
Summary from 10-K filed 2025-11-13
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SANMINA CORP's CIK number?
SANMINA CORP's SEC CIK number is 0000897723 (897723). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SANMINA CORP's SEC filings?
All of SANMINA CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SANMINA CORP last report earnings?
SANMINA CORP (SANM) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000897723-26-000024). This is SANMINA CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is SANMINA CORP's most recent earnings 8-K?
SANMINA CORP's latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0000897723-26-000024. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SANMINA CORP's latest earnings 8-K →
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