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Sanmina (SANM) Financials

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$207.46 +14.23 (+7.36%)
Closing price 04:00 PM Eastern
Extended Trading
$205.00 -2.46 (-1.19%)
As of 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Sanmina

Annual Income Statements for Sanmina

This table shows Sanmina's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024 9/27/2025
Net Income / (Loss) Attributable to Common Shareholders		 377 188 139 -96 142 140 250 240 310 223 246
Consolidated Net Income / (Loss)		 377 188 139 -96 142 140 250 240 328 238 266
Net Income / (Loss) Continuing Operations		 377 188 139 -96 142 140 250 240 328 238 266
Total Pre-Tax Income 		176 205 213 98 246 201 282 302 413 318 339
Total Operating Income		 203 225 226 119 286 228 256 349 456 335 355
Total Gross Profit		 484 514 520 464 592 526 526 622 743 640 716
Total Revenue		 6,375 6,481 6,869 7,110 8,234 6,960 6,738 7,920 8,935 7,568 8,128
Operating Revenue		 6,375 6,481 6,869 7,110 8,234 6,960 6,738 7,920 8,935 7,568 8,128
Total Cost of Revenue		 5,891 5,967 6,349 6,646 7,642 6,435 6,212 7,297 8,192 6,928 7,412
Operating Cost of Revenue		 5,891 5,967 6,349 6,646 7,642 6,435 6,212 7,297 8,192 6,928 7,412
Total Operating Expenses		 281 289 293 344 306 298 271 273 288 305 362
Selling, General & Admin Expense		 248 249 258 251 260 241 235 245 255 266 290
Research & Development Expense		 33 38 34 31 28 23 21 21 26 29 31
Restructuring Charge		 - 2.70 1.34 32 18 28 15 6.82 6.05 10 40
Total Other Income / (Expense), net		 -27 -20 -13 -22 -40 -27 26 -47 -43 -18 -15
Interest Expense		 29 25 22 28 31 29 20 22 36 29 20
Interest & Investment Income		 1.10 0.68 1.27 1.27 1.11 2.32 0.93 1.63 14 12 16
Other Income / (Expense), net		 0.77 4.06 7.68 4.56 -11 -0.35 44 -26 -20 -1.22 -11
Income Tax Expense		 -201 17 75 193 104 61 32 62 85 80 73
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 0.00 18 15 20
Basic Earnings per Share		 $4.61 $2.50 $1.86 ($1.37) $2.05 $2.02 $3.82 $3.92 $5.36 $4.00 $4.56
Weighted Average Basic Shares Outstanding		 81.82M 75.09M 74.48M 69.83M 69.13M 69.04M 65.32M 61.31M 57.85M 55.59M 53.95M
Diluted Earnings per Share		 $4.41 $2.38 $1.78 ($1.37) $1.97 $1.97 $3.72 $3.81 $5.18 $3.91 $4.46
Weighted Average Diluted Shares Outstanding		 85.64M 78.79M 78.13M 69.83M 71.68M 70.79M 67.08M 63.12M 59.82M 56.97M 55.18M
Weighted Average Basic & Diluted Shares Outstanding		 81.80M 75.10M 74.60M 69.70M 69.98M 65.07M 64.38M 57.43M 56.84M 53.93M 54.56M

Quarterly Income Statements for Sanmina

This table shows Sanmina's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 57 52 52 61 65 64 69 48 49 94 117
Consolidated Net Income / (Loss)		 60 55 55 67 71 71 73 52 52 98 125
Net Income / (Loss) Continuing Operations		 60 55 55 67 71 71 73 52 52 98 125
Total Pre-Tax Income 		82 74 75 87 86 88 91 73 62 131 192
Total Operating Income		 88 76 82 90 89 92 96 78 74 157 221
Total Gross Profit		 161 155 154 171 168 176 181 191 242 354 363
Total Revenue		 1,875 1,835 1,841 2,018 2,006 1,984 2,042 2,096 3,190 4,013 3,464
Operating Revenue		 1,875 1,835 1,841 2,018 2,006 1,984 2,042 2,096 3,190 4,013 3,464
Total Cost of Revenue		 1,714 1,680 1,688 1,846 1,838 1,808 1,861 1,905 2,947 3,659 3,101
Operating Cost of Revenue		 1,714 1,680 1,688 1,846 1,838 1,808 1,861 1,905 2,947 3,659 3,101
Total Operating Expenses		 73 79 71 82 79 85 85 113 169 197 142
Selling, General & Admin Expense		 65 69 62 70 71 76 70 74 115 114 109
Research & Development Expense		 6.29 6.32 7.66 8.24 7.02 7.32 8.08 8.67 8.66 7.99 8.27
Amortization Expense		 - - - - 0.00 0.00 0.00 - 1.19 1.87 1.83
Other Operating Expenses / (Income)		 - - - - - 0.00 7.08 - - 73 21
Restructuring Charge		 2.19 3.27 1.79 2.97 1.44 0.99 0.47 31 44 0.79 1.58
Total Other Income / (Expense), net		 -5.89 -1.53 -7.73 -2.81 -2.33 -3.21 -4.47 -5.13 -12 -26 -29
Interest Expense		 8.41 8.22 7.51 5.05 5.00 4.98 4.98 5.19 25 32 32
Interest & Investment Income		 3.66 3.41 2.57 2.80 3.40 3.72 4.20 4.54 8.06 8.43 9.80
Other Income / (Expense), net		 -1.13 3.28 -2.80 -0.56 -0.73 -1.96 -3.69 -4.47 4.65 -2.17 -6.81
Income Tax Expense		 21 19 20 19 15 18 19 21 9.83 33 66
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.30 2.82 3.14 5.96 5.88 6.31 4.27 3.91 2.47 4.17 8.18
Basic Earnings per Share		 $1.01 $0.94 $0.93 $1.12 $1.20 $1.18 $1.28 $0.90 $0.91 $1.72 $2.17
Weighted Average Basic Shares Outstanding		 56.54M 55.59M 55.47M 55.59M 54.21M 54.41M 53.61M 53.95M 54.16M 54.33M 53.86M
Diluted Earnings per Share		 $0.98 $0.93 $0.91 $1.09 $1.16 $1.16 $1.26 $0.88 $0.89 $1.70 $2.12
Weighted Average Diluted Shares Outstanding		 58.24M 56.67M 56.71M 56.97M 55.85M 55.51M 54.49M 55.18M 55.52M 55.11M 55.13M
Weighted Average Basic & Diluted Shares Outstanding		 55.78M 55.45M 54.65M 53.93M 54.33M 53.46M 53.28M 54.56M 54.60M 53.60M 53.60M

Annual Cash Flow Statements for Sanmina

This table details how cash moves in and out of Sanmina's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024 9/27/2025
Net Change in Cash & Equivalents		 -54 -14 8.37 13 35 26 170 -120 138 -42 340
Net Cash From Operating Activities		 175 390 251 156 383 301 338 331 235 340 621
Net Cash From Continuing Operating Activities		 175 390 251 156 383 301 338 331 235 340 621
Net Income / (Loss) Continuing Operations		 377 188 139 -96 142 140 250 240 328 238 266
Consolidated Net Income / (Loss)		 377 188 139 -96 142 140 250 240 328 238 266
Depreciation Expense		 101 112 119 119 117 114 110 109 118 122 119
Non-Cash Adjustments To Reconcile Net Income		 21 27 38 63 10 34 66 -104 80 119 22
Changes in Operating Assets and Liabilities, net		 -324 63 -45 70 114 12 -87 86 -291 -139 213
Net Cash From Investing Activities		 -102 -175 -108 -116 -128 -64 -91 -132 -192 -114 -108
Net Cash From Continuing Investing Activities		 -102 -175 -108 -116 -128 -64 -91 -132 -192 -114 -108
Purchase of Property, Plant & Equipment		 -119 -120 -112 -119 -135 -66 -73 -139 -191 -111 -147
Purchase of Investments		 - - 0.00 -2.02 -0.50 -30 -2.71 -2.00 -2.50 -5.20 -15
Sale of Property, Plant & Equipment		 31 4.74 3.94 4.72 7.53 1.57 1.08 8.43 1.41 2.03 4.88
Sale and/or Maturity of Investments		 - 0.00 - 0.00 0.00 30 - - 0.00 0.00 49
Net Cash From Financing Activities		 -127 -231 -135 -28 -220 -210 -77 -314 95 -270 -174
Net Cash From Continuing Financing Activities		 -127 -231 -135 -28 -220 -210 -77 -314 95 -270 -174
Repayment of Debt		 -2,717 -3,070 -918 -3,916 -4,480 -1,948 -418 -2,206 -2,998 -2,130 -580
Repurchase of Common Equity		 -123 -142 -177 -158 -13 -179 -64 -331 -85 -228 -114
Issuance of Debt		 2,694 2,962 933 4,041 4,259 1,909 402 2,221 2,981 2,109 563
Issuance of Common Equity		 19 18 27 4.41 14 7.79 2.99 2.38 3.41 6.16 0.00
Other Financing Activities, net		 - - - - 0.00 0.00 0.00 0.00 193 -26 -43
Effect of Exchange Rate Changes		 -0.07 1.88 0.80 0.96 0.11 - -0.20 -4.51 0.50 2.18 1.75
Cash Interest Paid		 19 21 18 26 30 20 15 18 32 26 17
Cash Income Taxes Paid		 45 29 20 35 32 31 33 48 57 69 99

Quarterly Cash Flow Statements for Sanmina

This table details how cash moves in and out of Sanmina's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Change in Cash & Equivalents		 -36 19 6.85 -32 17 44 151 129 501 159 261
Net Cash From Operating Activities		 126 72 90 52 64 157 201 199 179 399 124
Net Cash From Continuing Operating Activities		 126 72 90 52 64 157 201 199 179 399 124
Net Income / (Loss) Continuing Operations		 60 55 55 67 71 71 73 52 52 98 125
Consolidated Net Income / (Loss)		 60 55 55 67 71 71 73 52 52 98 125
Depreciation Expense		 31 30 30 32 32 28 30 30 40 47 48
Non-Cash Adjustments To Reconcile Net Income		 14 9.78 49 46 13 18 -11 2.00 14 -18 -24
Changes in Operating Assets and Liabilities, net		 21 -23 -44 -93 -52 40 109 115 24 272 -25
Net Cash From Investing Activities		 -35 -30 -23 -26 -17 4.32 -33 -63 -1,434 -58 142
Net Cash From Continuing Investing Activities		 -35 -30 -23 -26 -17 4.32 -33 -63 -1,434 -58 142
Purchase of Property, Plant & Equipment		 -34 -30 -23 -25 -17 -31 -37 -62 -87 -57 -101
Acquisitions		 - - - - 0.00 - - - -1,356 -1.13 243
Other Investing Activities, net		 -0.60 -0.70 -0.60 - -0.14 0.36 4.49 - 0.07 0.09 0.08
Net Cash From Financing Activities		 -128 -22 -59 -60 -29 -118 -19 -8.22 1,756 -182 -4.17
Net Cash From Continuing Financing Activities		 -128 -22 -59 -60 -29 -118 -19 -8.22 1,756 -182 -4.17
Repayment of Debt		 -765 -547 -526 -176 -261 -148 -116 -54 -333 - -93
Issuance of Debt		 752 658 522 176 257 144 112 50 2,203 - 92
Other Financing Activities, net		 - - - - -8.34 - -0.89 -4.47 -34 -22 -3.53
Effect of Exchange Rate Changes		 1.25 -0.89 -0.77 2.59 -1.34 1.17 1.64 0.29 -0.19 -0.23 -0.87
Cash Interest Paid		 7.54 7.61 6.84 4.11 4.50 4.12 4.07 3.90 13 30 28
Cash Income Taxes Paid		 20 18 14 17 19 16 32 31 23 40 24

Annual Balance Sheets for Sanmina

This table presents Sanmina's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024 9/27/2025
Total Assets		 3,493 3,625 3,847 4,085 3,906 3,773 4,207 4,836 4,874 4,823 5,858
Total Current Assets		 2,323 2,376 2,616 3,014 2,921 2,819 3,282 3,891 3,880 3,870 4,865
Cash & Equivalents		 412 398 407 420 455 481 650 530 668 626 926
Accounts Receivable		 937 974 1,110 1,177 1,128 1,043 1,192 1,139 1,231 1,338 1,400
Inventories, net		 919 946 1,052 1,374 901 861 1,037 1,684 1,477 1,444 1,988
Prepaid Expenses		 55 57 48 44 41 38 54 62 58 79 125
Other Current Assets		 - - - 0.00 396 397 349 476 446 384 426
Plant, Property, & Equipment, net		 591 618 640 643 631 559 533 575 633 616 682
Total Noncurrent Assets		 579 632 591 428 354 394 392 370 362 336 310
Goodwill		 - - - - - - - - - - 30
Noncurrent Deferred & Refundable Income Taxes		 498 514 477 344 280 273 235 210 178 161 171
Other Noncurrent Operating Assets		 82 118 114 84 74 121 157 160 184 176 109
Total Liabilities & Shareholders' Equity		 3,493 3,625 3,847 4,085 3,906 3,773 4,207 4,836 4,874 4,823 5,858
Total Liabilities		 1,973 2,015 2,200 2,612 2,263 2,143 2,328 3,016 2,555 2,461 3,319
Total Current Liabilities		 1,381 1,401 1,616 2,402 1,683 1,523 1,763 2,471 2,033 1,941 2,822
Short-Term Debt		 113 28 88 593 38 19 19 18 26 18 18
Accounts Payable		 1,035 1,121 1,280 1,547 1,337 1,210 1,465 2,041 1,559 1,442 1,579
Current Deferred Revenue		 - - - - - - - - - 216 878
Current Employee Benefit Liabilities		 120 127 131 125 128 122 118 131 127 133 168
Other Current Liabilities		 111 124 117 136 180 172 162 282 321 133 180
Total Noncurrent Liabilities		 592 614 584 210 580 620 565 545 522 521 497
Long-Term Debt		 424 434 391 14 347 329 312 329 312 300 283
Other Noncurrent Operating Liabilities		 168 180 192 196 233 291 254 215 210 221 214
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,520 1,610 1,648 1,473 1,643 1,630 1,879 1,820 2,319 2,362 2,539
Total Preferred & Common Equity		 1,520 1,610 1,648 1,473 1,643 1,630 1,879 1,820 2,169 2,197 2,539
Total Common Equity		 1,520 1,610 1,648 1,473 1,643 1,630 1,879 1,820 2,169 2,197 2,539
Common Stock		 6,076 6,121 6,185 6,223 6,268 6,302 6,340 6,381 6,513 6,577 2,539

Quarterly Balance Sheets for Sanmina

This table presents Sanmina's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 4/1/2023 7/1/2023 12/30/2023 3/30/2024 6/29/2024 12/28/2024 3/29/2025 6/28/2025 12/27/2025 3/28/2026 6/27/2026
Total Assets		 5,029 4,958 4,617 4,686 4,664 4,812 4,967 5,222 9,801 9,669 9,740
Total Current Assets		 4,035 3,953 3,630 3,697 3,693 3,876 4,067 4,302 7,853 7,611 7,828
Cash & Equivalents		 718 657 632 651 658 642 647 798 1,416 1,576 1,845
Accounts Receivable		 1,209 1,280 1,102 1,138 1,155 1,354 1,383 1,379 2,646 2,230 1,987
Inventories, net		 1,553 1,489 1,392 1,384 1,384 1,426 1,548 1,590 3,053 3,027 3,152
Prepaid Expenses		 69 68 61 75 82 67 104 123 307 306 322
Other Current Assets		 486 459 445 449 415 387 385 412 431 473 522
Plant, Property, & Equipment, net		 617 632 635 641 630 605 609 630 955 993 1,051
Total Noncurrent Assets		 377 373 352 348 340 330 291 290 994 1,064 860
Goodwill		 - - - - - - - - 307 359 122
Noncurrent Deferred & Refundable Income Taxes		 196 187 173 170 163 153 156 154 379 326 320
Other Noncurrent Operating Assets		 181 186 178 178 177 177 135 136 308 379 418
Total Liabilities & Shareholders' Equity		 5,029 4,958 4,617 4,686 4,664 4,812 4,967 5,222 9,801 9,669 9,740
Total Liabilities		 2,811 2,692 2,344 2,359 2,322 2,391 2,571 2,747 7,140 7,057 6,980
Total Current Liabilities		 2,255 2,158 1,822 1,848 1,822 1,883 2,073 2,248 4,615 4,442 4,397
Short-Term Debt		 18 18 18 18 18 18 18 18 172 172 215
Accounts Payable		 1,829 1,724 1,422 1,443 1,434 1,392 1,351 1,433 2,348 2,509 2,453
Current Deferred Revenue		 - - - - - 240 444 525 1,251 1,231 1,150
Current Employee Benefit Liabilities		 126 139 132 127 127 126 135 162 217 217 213
Other Current Liabilities		 282 278 250 260 243 108 126 111 628 312 367
Total Noncurrent Liabilities		 556 534 522 511 501 508 498 499 2,524 2,615 2,583
Long-Term Debt		 321 317 308 304 300 296 291 287 1,999 2,000 1,957
Other Noncurrent Operating Liabilities		 236 218 214 208 201 212 207 212 526 615 626
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,218 2,266 2,273 2,327 2,341 2,421 2,396 2,475 2,661 2,612 2,760
Total Preferred & Common Equity		 2,218 2,266 2,273 2,327 2,341 2,421 2,396 2,475 2,661 2,612 2,760
Total Common Equity		 2,218 2,266 2,273 2,327 2,341 2,421 2,396 2,475 2,661 2,612 2,760
Common Stock		 2,218 2,266 2,273 2,327 2,341 2,421 2,396 2,475 2,661 2,612 2,760

Annual Metrics And Ratios for Sanmina

This table displays calculated financial ratios and metrics derived from Sanmina's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024 9/27/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.57% 1.67% 5.98% 3.52% 15.80% -15.47% -3.19% 17.53% 12.82% -15.30% 7.40%
EBITDA Growth		 1.32% 11.93% 3.56% -31.19% 61.52% -12.92% 20.02% 5.37% 28.20% -17.53% 1.42%
EBIT Growth		 0.53% 12.25% 2.32% -47.04% 121.98% -17.41% 32.08% 7.63% 34.76% -23.24% 2.83%
NOPAT Growth		 78.65% -52.55% -28.63% -179.43% 240.91% -3.88% 43.11% 22.54% 30.10% -30.51% 10.72%
Net Income Growth		 91.34% -50.21% -26.09% -168.81% 248.13% -1.27% 78.61% -3.67% 36.25% -27.41% 11.99%
EPS Growth		 94.27% -46.03% -25.21% -176.97% 243.80% 0.00% 88.83% 2.42% 35.96% -24.52% 14.07%
Operating Cash Flow Growth		 -43.10% 123.06% -35.67% -37.67% 144.83% -21.52% 12.57% -2.21% -28.92% 44.67% 82.43%
Free Cash Flow Firm Growth		 -41.09% 56.76% -43.59% -156.86% 542.65% -7.30% -29.45% 21.28% -95.71% 2,081.07% 122.73%
Invested Capital Growth		 24.27% 1.73% 2.80% -3.48% -5.29% -4.82% 4.11% 4.97% 21.57% 3.20% -6.80%
Revenue Q/Q Growth		 -0.77% 0.45% 1.32% 1.74% 0.19% -0.25% -3.57% 8.17% -1.89% -0.45% 0.98%
EBITDA Q/Q Growth		 -3.45% 1.31% -3.14% -12.80% 14.21% 7.65% -7.79% 7.16% 2.59% -0.21% -3.55%
EBIT Q/Q Growth		 -5.84% 0.49% -5.25% -21.57% 22.18% 11.93% -10.04% 10.10% 2.38% -0.62% -4.19%
NOPAT Q/Q Growth		 89.83% -53.95% -34.89% -45.37% 12.45% 25.29% -8.79% 17.26% -0.34% -1.99% -4.70%
Net Income Q/Q Growth		 94.08% -53.32% -35.06% -35.57% 15.48% 29.53% -5.49% 8.48% 2.97% 0.84% -5.46%
EPS Q/Q Growth		 96.00% -50.31% -35.04% -31.73% 15.88% 31.33% -4.37% 10.12% 2.37% 1.56% -4.50%
Operating Cash Flow Q/Q Growth		 -38.66% 36.67% -17.72% 7.75% 51.18% -26.85% 3.62% -2.88% -2.10% -6.84% 31.09%
Free Cash Flow Firm Q/Q Growth		 -92.40% 115.15% -39.65% 28.54% 101.96% -29.54% -22.05% 25.83% -81.81% -5.61% 34.32%
Invested Capital Q/Q Growth		 10,352.79% 2.16% 1.32% -2.17% -8.50% -1.06% 0.58% 0.53% 2.37% 2.61% -3.45%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 7.59% 7.94% 7.57% 6.52% 7.19% 7.55% 7.81% 7.86% 8.32% 8.46% 8.81%
EBITDA Margin		 4.78% 5.26% 5.14% 3.42% 4.76% 4.91% 6.08% 5.45% 6.20% 6.03% 5.70%
Operating Margin		 3.19% 3.47% 3.30% 1.68% 3.47% 3.27% 3.80% 4.41% 5.10% 4.43% 4.36%
EBIT Margin		 3.20% 3.53% 3.41% 1.74% 3.34% 3.27% 4.46% 4.08% 4.87% 4.42% 4.23%
Profit (Net Income) Margin		 5.92% 2.90% 2.02% -1.34% 1.72% 2.01% 3.70% 3.04% 3.67% 3.14% 3.28%
Tax Burden Percent		 214.12% 91.80% 65.03% -97.94% 57.62% 69.59% 88.60% 79.51% 79.34% 74.87% 78.44%
Interest Burden Percent		 86.43% 89.41% 91.17% 78.66% 89.23% 88.31% 93.80% 93.55% 94.79% 94.99% 98.75%
Effective Tax Rate		 -114.12% 8.20% 34.97% 197.94% 42.38% 30.41% 11.40% 20.49% 20.66% 25.13% 21.56%
Return on Invested Capital (ROIC)		 29.29% 12.43% 8.68% -6.92% 10.19% 10.32% 14.84% 17.39% 19.94% 12.43% 14.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 -27.59% -7.13% -3.62% 9.50% -29.11% 28.88% 4.77% 32.31% 33.21% 16.64% 16.57%
Return on Net Nonoperating Assets (RNNOA)		 -2.02% -0.43% -0.15% 0.80% -1.11% -1.78% -0.61% -4.39% -4.11% -2.27% -3.16%
Return on Equity (ROE)		 27.27% 12.00% 8.52% -6.12% 9.08% 8.54% 14.23% 13.00% 15.83% 10.16% 10.87%
Cash Return on Invested Capital (CROIC)		 7.64% 10.72% 5.91% -3.38% 15.63% 15.26% 10.81% 12.54% 0.47% 9.28% 21.06%
Operating Return on Assets (OROA)		 5.99% 6.43% 6.27% 3.13% 6.89% 5.92% 7.53% 7.15% 8.97% 6.89% 6.44%
Return on Assets (ROA)		 11.09% 5.28% 3.72% -2.41% 3.54% 3.64% 6.25% 5.32% 6.75% 4.90% 4.99%
Return on Common Equity (ROCE)		 27.27% 12.00% 8.52% -6.12% 9.08% 8.54% 14.23% 13.00% 15.26% 9.48% 10.09%
Return on Equity Simple (ROE_SIMPLE)		 24.81% 11.67% 8.43% -6.49% 8.62% 8.57% 13.28% 13.21% 15.10% 10.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 435 206 147 -117 165 158 227 278 362 251 278
NOPAT Margin		 6.82% 3.18% 2.14% -1.65% 2.00% 2.28% 3.37% 3.51% 4.05% 3.32% 3.42%
Net Nonoperating Expense Percent (NNEP)		 56.88% 19.56% 12.29% -16.42% 39.31% -18.56% 10.07% -14.91% -13.27% -4.22% -2.54%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 9.79%
Cost of Revenue to Revenue		 92.41% 92.07% 92.43% 93.48% 92.81% 92.45% 92.19% 92.14% 91.68% 91.54% 91.19%
SG&A Expenses to Revenue		 3.89% 3.84% 3.76% 3.53% 3.16% 3.46% 3.48% 3.09% 2.85% 3.52% 3.57%
R&D to Revenue		 0.52% 0.58% 0.49% 0.43% 0.33% 0.32% 0.31% 0.27% 0.30% 0.38% 0.38%
Operating Expenses to Revenue		 4.40% 4.47% 4.27% 4.84% 3.71% 4.28% 4.01% 3.44% 3.22% 4.03% 4.45%
Earnings before Interest and Taxes (EBIT)		 204 229 234 124 275 227 300 323 436 334 344
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 304 341 353 243 392 342 410 432 554 457 463
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.13 1.31 1.70 1.27 1.36 1.10 1.36 1.46 1.43 1.71 2.58
Price to Tangible Book Value (P/TBV)		 1.13 1.31 1.70 1.27 1.36 1.10 1.36 1.46 1.43 1.71 2.58
Price to Revenue (P/Rev)		 0.27 0.32 0.41 0.26 0.27 0.26 0.38 0.34 0.35 0.50 0.75
Price to Earnings (P/E)		 4.56 11.20 20.17 0.00 15.80 12.88 10.22 11.08 10.02 16.91 24.73
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 21.94% 8.93% 4.96% 0.00% 6.33% 7.77% 9.78% 9.02% 9.98% 5.91% 4.04%
Enterprise Value to Invested Capital (EV/IC)		 1.12 1.30 1.67 1.24 1.38 1.11 1.43 1.52 1.47 1.76 2.95
Enterprise Value to Revenue (EV/Rev)		 0.29 0.33 0.42 0.29 0.26 0.24 0.33 0.31 0.33 0.48 0.69
Enterprise Value to EBITDA (EV/EBITDA)		 6.06 6.36 8.14 8.50 5.52 4.88 5.44 5.74 5.29 7.93 12.18
Enterprise Value to EBIT (EV/EBIT)		 9.05 9.47 12.27 16.64 7.87 7.33 7.43 7.68 6.72 10.83 16.41
Enterprise Value to NOPAT (EV/NOPAT)		 4.24 10.51 19.51 0.00 13.14 10.52 9.84 8.93 8.10 14.41 20.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.55 5.56 11.45 13.19 5.66 5.55 6.59 7.50 12.45 10.64 9.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.25 12.19 28.62 0.00 8.57 7.12 13.50 12.38 340.34 19.30 13.50
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.35 0.29 0.29 0.41 0.23 0.21 0.18 0.19 0.15 0.13 0.12
Long-Term Debt to Equity		 0.28 0.27 0.24 0.01 0.21 0.20 0.17 0.18 0.13 0.13 0.11
Financial Leverage		 0.07 0.06 0.04 0.08 0.04 -0.06 -0.13 -0.14 -0.12 -0.14 -0.19
Leverage Ratio		 2.46 2.27 2.29 2.54 2.56 2.35 2.27 2.45 2.35 2.07 2.18
Compound Leverage Factor		 2.13 2.03 2.09 2.00 2.29 2.07 2.13 2.29 2.22 1.97 2.15
Debt to Total Capital		 26.11% 22.32% 22.55% 29.21% 19.00% 17.59% 14.95% 16.01% 12.73% 11.85% 10.58%
Short-Term Debt to Total Capital		 5.51% 1.37% 4.16% 28.52% 1.89% 0.95% 0.85% 0.81% 0.98% 0.65% 0.62%
Long-Term Debt to Total Capital		 20.60% 20.95% 18.40% 0.69% 17.11% 16.65% 14.11% 15.20% 11.76% 11.19% 9.97%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.63% 6.16% 6.52%
Common Equity to Total Capital		 73.89% 77.68% 77.45% 70.79% 81.00% 82.41% 85.05% 83.99% 81.63% 82.00% 82.89%
Debt to EBITDA		 1.77 1.36 1.36 2.50 0.98 1.02 0.81 0.80 0.61 0.69 0.65
Net Debt to EBITDA		 0.41 0.19 0.21 0.77 -0.18 -0.39 -0.78 -0.42 -0.59 -0.68 -1.35
Long-Term Debt to EBITDA		 1.39 1.27 1.11 0.06 0.88 0.96 0.76 0.76 0.56 0.66 0.61
Debt to NOPAT		 1.24 2.24 3.26 -5.19 2.34 2.20 1.46 1.25 0.94 1.26 1.08
Net Debt to NOPAT		 0.29 0.31 0.50 -1.61 -0.42 -0.84 -1.41 -0.66 -0.91 -1.23 -2.25
Long-Term Debt to NOPAT		 0.97 2.10 2.66 -0.12 2.10 2.08 1.37 1.18 0.86 1.19 1.02
Altman Z-Score		 1.14 1.35 1.61 1.07 1.93 1.58 1.78 1.80 2.47 2.41 2.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.62% 6.72% 7.14%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.68 1.70 1.62 1.26 1.74 1.85 1.86 1.57 1.91 1.99 1.72
Quick Ratio		 0.98 0.98 0.94 0.66 0.94 1.00 1.05 0.68 0.93 1.01 0.82
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 114 178 100 -57 253 234 165 200 8.60 188 418
Operating Cash Flow to CapEx		 197.54% 337.30% 232.59% 137.02% 301.21% 466.64% 468.54% 254.08% 123.80% 311.56% 435.62%
Free Cash Flow to Firm to Interest Expense		 3.95 7.14 4.58 -2.06 8.21 8.10 8.45 8.92 0.24 6.43 20.73
Operating Cash Flow to Interest Expense		 6.08 15.66 11.44 5.64 12.45 10.40 17.31 14.72 6.48 11.66 30.80
Operating Cash Flow Less CapEx to Interest Expense		 3.00 11.02 6.52 1.52 8.32 8.17 13.61 8.93 1.25 7.92 23.73
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.87 1.82 1.84 1.79 2.06 1.81 1.69 1.75 1.84 1.56 1.52
Accounts Receivable Turnover		 6.65 6.78 6.59 6.22 7.14 6.41 6.03 6.79 7.54 5.89 5.94
Inventory Turnover		 6.50 6.40 6.36 5.48 6.72 7.30 6.55 5.36 5.18 4.74 4.32
Fixed Asset Turnover		 11.05 10.73 10.92 11.08 12.93 11.70 12.34 14.29 14.79 12.12 12.52
Accounts Payable Turnover		 5.42 5.53 5.29 4.70 5.30 5.05 4.64 4.16 4.55 4.62 4.91
Days Sales Outstanding (DSO)		 54.87 53.80 55.37 58.72 51.10 56.94 60.55 53.72 48.40 61.93 61.47
Days Inventory Outstanding (DIO)		 56.13 57.04 57.43 66.61 54.32 49.97 55.76 68.04 70.43 76.94 84.51
Days Payable Outstanding (DPO)		 67.39 65.96 69.03 77.64 68.88 72.24 78.58 87.68 80.22 79.06 74.38
Cash Conversion Cycle (CCC)		 43.61 44.89 43.78 47.68 36.54 34.67 37.73 34.08 38.61 59.81 71.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,646 1,674 1,721 1,661 1,573 1,497 1,559 1,636 1,989 2,053 1,913
Invested Capital Turnover		 4.29 3.90 4.05 4.20 5.09 4.53 4.41 4.96 4.93 3.74 4.10
Increase / (Decrease) in Invested Capital		 321 28 47 -60 -88 -76 62 77 353 64 -140
Enterprise Value (EV)		 1,844 2,168 2,873 2,064 2,166 1,667 2,231 2,481 2,927 3,620 5,640
Market Capitalization		 1,719 2,104 2,800 1,876 2,235 1,799 2,550 2,664 3,106 3,764 6,080
Book Value per Share		 $18.90 $21.78 $21.86 $21.67 $23.60 $24.05 $28.86 $31.48 $37.90 $40.20 $44.18
Tangible Book Value per Share		 $18.90 $21.78 $21.86 $21.67 $23.60 $24.05 $28.86 $31.48 $37.90 $40.20 $44.18
Total Capital		 2,058 2,072 2,128 2,081 2,028 1,978 2,209 2,166 2,657 2,679 2,840
Total Debt		 537 462 480 608 385 348 330 347 338 317 300
Total Long-Term Debt		 424 434 391 14 347 329 312 329 312 300 283
Net Debt		 125 64 73 188 -69 -133 -320 -183 -329 -309 -626
Capital Expenditures (CapEx)		 89 116 108 114 127 64 72 130 190 109 142
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 644 605 682 786 822 835 887 907 1,205 1,321 1,135
Debt-free Net Working Capital (DFNWC)		 1,056 1,003 1,089 1,206 1,276 1,316 1,537 1,437 1,872 1,947 2,061
Net Working Capital (NWC)		 942 974 1,000 613 1,238 1,297 1,519 1,419 1,846 1,930 2,043
Net Nonoperating Expense (NNE)		 58 19 8.45 -21 23 19 -23 37 34 13 12
Net Nonoperating Obligations (NNO)		 125 64 73 188 -69 -133 -320 -183 -329 -309 -626
Total Depreciation and Amortization (D&A)		 101 112 119 119 117 114 110 109 118 122 119
Debt-free, Cash-free Net Working Capital to Revenue		 10.10% 9.33% 9.93% 11.06% 9.98% 12.00% 13.17% 11.45% 13.48% 17.46% 13.96%
Debt-free Net Working Capital to Revenue		 16.56% 15.47% 15.85% 16.96% 15.50% 18.90% 22.82% 18.14% 20.95% 25.73% 25.35%
Net Working Capital to Revenue		 14.78% 15.03% 14.56% 8.61% 15.03% 18.63% 22.54% 17.92% 20.66% 25.50% 25.14%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.61 $2.50 $1.86 ($1.37) $2.05 $2.02 $4.12 $4.18 $5.36 $4.00 $4.56
Adjusted Weighted Average Basic Shares Outstanding		 81.82M 75.09M 74.48M 69.83M 69.13M 69.04M 65.32M 61.31M 57.85M 55.59M 53.95M
Adjusted Diluted Earnings per Share		 $4.41 $2.38 $1.78 ($1.37) $1.97 $1.97 $4.01 $4.06 $5.18 $3.91 $4.46
Adjusted Weighted Average Diluted Shares Outstanding		 85.64M 78.79M 78.13M 69.83M 71.68M 70.79M 67.08M 63.12M 59.82M 56.97M 55.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 78.40M 73.42M 72.02M 68.26M 69.98M 65.07M 64.38M 57.43M 56.84M 53.93M 54.56M
Normalized Net Operating Profit after Tax (NOPAT)		 142 209 148 127 175 182 240 283 366 259 310
Normalized NOPAT Margin		 2.23% 3.22% 2.16% 1.79% 2.13% 2.62% 3.56% 3.58% 4.10% 3.42% 3.81%
Pre Tax Income Margin		 2.76% 3.16% 3.11% 1.37% 2.98% 2.88% 4.18% 3.82% 4.62% 4.20% 4.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.09 9.19 10.68 4.47 8.95 7.87 15.36 14.38 12.00 11.45 17.06
NOPAT to Interest Expense		 15.12 8.28 6.71 -4.22 5.36 5.48 11.60 12.37 9.96 8.61 13.80
EBIT Less CapEx to Interest Expense		 4.01 4.54 5.76 0.36 4.82 5.64 11.66 8.59 6.77 7.71 9.99
NOPAT Less CapEx to Interest Expense		 12.04 3.64 1.80 -8.33 1.23 3.25 7.91 6.57 4.73 4.87 6.73
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 32.54% 75.73% 127.45% -165.00% 8.91% 128.14% 25.67% 137.74% 32.70% 106.96% 42.74%

Quarterly Metrics And Ratios for Sanmina

This table displays calculated financial ratios and metrics derived from Sanmina's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - 54,604,888.00 53,597,735.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 54,604,888.00 53,597,735.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.72 2.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -20.42% -20.93% -16.57% -1.68% 7.02% 8.15% 10.87% 3.91% 58.98% 102.27% 69.67%
EBITDA Growth		 -22.02% -25.56% -18.86% -0.77% 2.18% 7.63% 11.54% -14.12% 39.30% 71.32% 115.35%
EBIT Growth		 -28.98% -32.75% -24.11% -2.27% 1.66% 13.16% 15.86% -16.89% -10.96% 72.70% 132.58%
NOPAT Growth		 -38.56% -39.05% -31.85% -7.04% 12.50% 29.46% 26.56% -20.02% -15.04% 60.26% 89.10%
Net Income Growth		 -36.54% -35.16% -33.03% 3.04% 17.43% 27.49% 33.16% -22.82% -26.99% 38.72% 71.92%
EPS Growth		 -36.36% -30.08% -28.91% 5.83% 18.37% 24.73% 38.46% -19.27% -23.28% 46.55% 68.25%
Operating Cash Flow Growth		 238.56% 11.98% 59.26% -32.50% -49.27% 116.90% 123.09% 283.77% 179.53% 154.22% -38.00%
Free Cash Flow Firm Growth		 -25.65% 29.26% 101.24% 102.11% 56.61% 112.97% 3,308.45% 3,220.93% -2,306.50% -7,830.19% -1,105.16%
Invested Capital Growth		 10.42% 8.68% 2.96% 3.20% 6.37% 2.99% -0.96% -6.80% 63.31% 55.93% 55.78%
Revenue Q/Q Growth		 -8.64% -2.14% 0.37% 9.56% -0.55% -1.11% 2.90% 2.69% 52.15% 25.82% -13.69%
EBITDA Q/Q Growth		 -3.66% -6.54% -0.16% 10.38% -0.79% -1.55% 3.46% -15.01% 60.91% 21.08% 30.05%
EBIT Q/Q Growth		 -5.11% -8.34% 0.42% 11.88% -1.29% 2.03% 2.82% -19.74% 5.75% 97.89% 38.47%
NOPAT Q/Q Growth		 -13.46% -12.78% 7.02% 15.09% 4.72% 0.38% 4.62% -27.26% 11.23% 89.34% 23.45%
Net Income Q/Q Growth		 -7.64% -8.37% -1.03% 23.02% 5.26% -0.52% 3.37% -28.69% -0.42% 89.00% 28.11%
EPS Q/Q Growth		 -4.85% -5.10% -2.15% 19.78% 6.42% 0.00% 8.62% -30.16% 1.14% 91.01% 24.71%
Operating Cash Flow Q/Q Growth		 63.97% -42.62% 24.45% -42.36% 23.25% 145.33% 28.00% -0.85% -10.22% 123.11% -68.78%
Free Cash Flow Firm Q/Q Growth		 56.52% 14.74% 102.72% 109.61% -992.57% 125.49% 614.84% 104.23% -746.80% 18.14% 7.05%
Invested Capital Q/Q Growth		 -1.14% 1.58% 0.16% 2.61% 1.90% -1.65% -3.68% -3.45% 78.55% -6.10% -3.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 8.58% 8.44% 8.34% 8.49% 8.37% 8.88% 8.87% 9.12% 7.60% 8.82% 10.49%
EBITDA Margin		 6.25% 5.97% 5.94% 5.98% 5.97% 5.94% 5.97% 4.94% 5.23% 5.03% 7.58%
Operating Margin		 4.67% 4.14% 4.47% 4.44% 4.42% 4.62% 4.70% 3.74% 2.31% 3.91% 6.39%
EBIT Margin		 4.61% 4.32% 4.32% 4.41% 4.38% 4.52% 4.52% 3.53% 2.45% 3.86% 6.19%
Profit (Net Income) Margin		 3.22% 3.01% 2.97% 3.34% 3.53% 3.55% 3.57% 2.48% 1.62% 2.44% 3.62%
Tax Burden Percent		 73.90% 74.31% 73.34% 77.60% 82.16% 79.76% 79.74% 70.87% 84.04% 74.59% 65.35%
Interest Burden Percent		 94.50% 93.93% 93.80% 97.47% 98.17% 98.60% 99.15% 99.12% 78.70% 84.69% 89.43%
Effective Tax Rate		 26.10% 25.69% 26.66% 22.40% 17.84% 20.24% 20.26% 29.13% 15.96% 25.41% 34.65%
Return on Invested Capital (ROIC)		 15.57% 12.78% 12.65% 12.90% 13.77% 14.26% 15.14% 10.87% 6.56% 12.57% 21.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.82% 13.10% 14.36% 13.59% 14.37% 15.03% 15.99% 11.65% 1.81% -2.39% 44.25%
Return on Net Nonoperating Assets (RNNOA)		 -2.64% -2.05% -2.07% -1.85% -1.95% -2.12% -2.77% -2.22% 0.15% -0.12% -1.40%
Return on Equity (ROE)		 12.93% 10.74% 10.58% 11.05% 11.82% 12.13% 12.37% 8.65% 6.71% 12.45% 19.62%
Cash Return on Invested Capital (CROIC)		 7.21% 6.52% 10.08% 9.28% 6.61% 10.67% 15.62% 21.06% -38.41% -31.90% -28.68%
Operating Return on Assets (OROA)		 7.86% 7.08% 6.83% 6.89% 7.15% 7.35% 7.35% 5.37% 3.13% 5.98% 10.56%
Return on Assets (ROA)		 5.49% 4.95% 4.70% 5.21% 5.77% 5.78% 5.81% 3.77% 2.07% 3.78% 6.17%
Return on Common Equity (ROCE)		 12.93% 10.74% 10.58% 10.31% 11.82% 12.13% 12.37% 8.03% 6.71% 12.45% 19.62%
Return on Equity Simple (ROE_SIMPLE)		 12.88% 11.29% 10.07% 0.00% 10.25% 11.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 65 56 60 70 73 73 76 56 62 117 145
NOPAT Margin		 3.45% 3.08% 3.28% 3.45% 3.63% 3.68% 3.74% 2.65% 1.94% 2.92% 4.17%
Net Nonoperating Expense Percent (NNEP)		 -1.25% -0.32% -1.71% -0.68% -0.60% -0.77% -0.85% -0.78% 4.74% 14.96% -23.23%
Return On Investment Capital (ROIC_SIMPLE)		 2.49% - - - 2.66% 2.70% 2.75% 1.96% 1.28% 2.45% 2.93%
Cost of Revenue to Revenue		 91.42% 91.56% 91.66% 91.51% 91.63% 91.12% 91.13% 90.88% 92.40% 91.18% 89.51%
SG&A Expenses to Revenue		 3.46% 3.77% 3.35% 3.49% 3.53% 3.85% 3.41% 3.51% 3.60% 2.83% 3.16%
R&D to Revenue		 0.34% 0.34% 0.42% 0.41% 0.35% 0.37% 0.40% 0.41% 0.27% 0.20% 0.24%
Operating Expenses to Revenue		 3.91% 4.30% 3.87% 4.05% 3.95% 4.26% 4.17% 5.38% 5.29% 4.90% 4.10%
Earnings before Interest and Taxes (EBIT)		 86 79 80 89 88 90 92 74 78 155 214
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 117 110 109 121 120 118 122 104 167 202 263
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.29 1.49 1.57 1.71 1.71 1.74 2.12 2.58 3.16 2.74 4.59
Price to Tangible Book Value (P/TBV)		 1.29 1.49 1.57 1.71 1.71 1.74 2.12 2.58 3.58 3.17 4.81
Price to Revenue (P/Rev)		 0.35 0.44 0.48 0.50 0.54 0.53 0.65 0.75 0.90 0.63 0.99
Price to Earnings (P/E)		 10.69 13.99 16.47 16.91 17.93 17.19 20.23 24.73 36.59 27.53 41.15
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 9.36% 7.15% 6.07% 5.91% 5.58% 5.82% 4.94% 4.04% 2.73% 3.63% 2.43%
Enterprise Value to Invested Capital (EV/IC)		 1.34 1.57 1.67 1.76 1.82 1.86 2.40 2.95 2.69 2.41 4.21
Enterprise Value to Revenue (EV/Rev)		 0.31 0.39 0.44 0.48 0.49 0.49 0.59 0.69 0.99 0.68 1.02
Enterprise Value to EBITDA (EV/EBITDA)		 5.06 6.50 7.28 7.93 8.28 8.18 9.89 12.18 19.90 14.20 18.96
Enterprise Value to EBIT (EV/EBIT)		 6.58 8.68 9.91 10.83 11.33 11.05 13.24 16.41 27.47 19.40 24.94
Enterprise Value to NOPAT (EV/NOPAT)		 8.21 11.03 13.01 14.41 14.67 13.86 16.27 20.28 34.42 24.91 34.35
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.13 9.46 9.13 10.64 13.68 10.55 10.03 9.09 12.48 7.92 14.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 19.48 25.12 16.77 19.30 28.36 17.68 15.27 13.50 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.14 0.14 0.14 0.13 0.13 0.13 0.12 0.12 0.82 0.83 0.79
Long-Term Debt to Equity		 0.14 0.13 0.13 0.13 0.12 0.12 0.12 0.11 0.75 0.77 0.71
Financial Leverage		 -0.16 -0.16 -0.14 -0.14 -0.14 -0.14 -0.17 -0.19 0.08 0.05 -0.03
Leverage Ratio		 2.23 2.14 2.09 2.07 2.01 2.04 2.05 2.18 2.88 2.92 2.86
Compound Leverage Factor		 2.11 2.01 1.96 2.02 1.97 2.02 2.04 2.16 2.26 2.48 2.56
Debt to Total Capital		 12.53% 12.13% 11.93% 11.85% 11.45% 11.42% 10.96% 10.58% 44.92% 45.40% 44.05%
Short-Term Debt to Total Capital		 0.67% 0.66% 0.66% 0.65% 0.64% 0.65% 0.63% 0.62% 3.56% 3.60% 4.36%
Long-Term Debt to Total Capital		 11.86% 11.47% 11.27% 11.19% 10.81% 10.77% 10.33% 9.97% 41.36% 41.80% 39.69%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 6.16% 0.00% 0.00% 0.00% 6.52% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 87.47% 87.87% 88.07% 82.00% 88.55% 88.58% 89.04% 82.89% 55.08% 54.60% 55.95%
Debt to EBITDA		 0.63 0.67 0.69 0.69 0.68 0.66 0.63 0.65 4.71 3.98 3.17
Net Debt to EBITDA		 -0.59 -0.68 -0.74 -0.68 -0.72 -0.72 -1.03 -1.35 1.64 1.09 0.48
Long-Term Debt to EBITDA		 0.59 0.63 0.65 0.66 0.64 0.62 0.60 0.61 4.33 3.67 2.85
Debt to NOPAT		 1.01 1.13 1.24 1.26 1.21 1.12 1.04 1.08 8.14 6.99 5.74
Net Debt to NOPAT		 -0.95 -1.16 -1.33 -1.23 -1.27 -1.23 -1.69 -2.25 2.83 1.92 0.86
Long-Term Debt to NOPAT		 0.96 1.07 1.17 1.19 1.14 1.06 0.98 1.02 7.50 6.43 5.17
Altman Z-Score		 3.12 3.11 3.12 2.24 3.19 3.09 3.22 2.36 2.08 2.23 2.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 6.72% 0.00% 0.00% 0.00% 7.14% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.99 2.00 2.03 1.99 2.06 1.96 1.91 1.72 1.70 1.71 1.78
Quick Ratio		 0.95 0.97 1.00 1.01 1.06 0.98 0.97 0.82 0.88 0.86 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -121 -103 2.80 5.88 -52 13 96 195 -1,263 -1,034 -961
Operating Cash Flow to CapEx		 368.32% 244.22% 395.22% 210.63% 374.23% 510.76% 541.28% 318.69% 205.82% 703.09% 123.39%
Free Cash Flow to Firm to Interest Expense		 -14.38 -12.55 0.37 1.16 -10.49 2.69 19.19 37.61 -51.07 -32.16 -29.59
Operating Cash Flow to Interest Expense		 14.98 8.80 11.99 10.28 12.79 31.50 40.31 38.36 7.23 12.41 3.83
Operating Cash Flow Less CapEx to Interest Expense		 10.91 5.20 8.96 5.40 9.37 25.34 32.86 26.32 3.72 10.64 0.73
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.70 1.64 1.58 1.56 1.63 1.63 1.63 1.52 1.27 1.55 1.71
Accounts Receivable Turnover		 7.01 6.79 6.25 5.89 6.27 6.23 6.35 5.94 4.66 6.28 7.58
Inventory Turnover		 4.97 4.97 4.84 4.74 5.01 4.90 4.94 4.32 3.80 4.53 4.90
Fixed Asset Turnover		 13.79 12.67 12.05 12.12 12.42 12.56 12.78 12.52 11.94 14.16 15.19
Accounts Payable Turnover		 4.35 4.46 4.41 4.62 5.01 5.14 5.13 4.91 4.56 5.37 5.98
Days Sales Outstanding (DSO)		 52.04 53.76 58.45 61.93 58.21 58.63 57.45 61.47 78.40 58.14 48.13
Days Inventory Outstanding (DIO)		 73.51 73.44 75.34 76.94 72.91 74.52 73.82 84.51 95.93 80.49 74.52
Days Payable Outstanding (DPO)		 83.92 81.83 82.80 79.06 72.82 71.02 71.14 74.38 80.10 67.92 61.06
Cash Conversion Cycle (CCC)		 41.62 45.37 50.99 59.81 58.31 62.13 60.13 71.59 94.23 70.71 61.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,967 1,998 2,001 2,053 2,092 2,057 1,982 1,913 3,416 3,208 3,087
Invested Capital Turnover		 4.51 4.15 3.86 3.74 3.79 3.87 4.04 4.10 3.38 4.31 5.04
Increase / (Decrease) in Invested Capital		 186 160 58 64 125 60 -19 -140 1,324 1,151 1,105
Enterprise Value (EV)		 2,634 3,139 3,333 3,620 3,804 3,826 4,750 5,640 9,176 7,744 13,006
Market Capitalization		 2,940 3,468 3,674 3,764 4,133 4,164 5,243 6,080 8,421 7,148 12,679
Book Value per Share		 $40.20 $41.72 $42.22 $40.20 $44.90 $44.10 $46.29 $44.18 $48.77 $47.83 $51.49
Tangible Book Value per Share		 $40.20 $41.72 $42.22 $40.20 $44.90 $44.10 $46.29 $44.18 $43.15 $41.26 $49.21
Total Capital		 2,598 2,648 2,659 2,679 2,734 2,704 2,780 2,840 4,832 4,784 4,932
Total Debt		 326 321 317 317 313 309 305 300 2,171 2,172 2,172
Total Long-Term Debt		 308 304 300 300 296 291 287 283 1,999 2,000 1,957
Net Debt		 -306 -329 -341 -309 -329 -338 -493 -626 755 596 327
Capital Expenditures (CapEx)		 34 30 23 25 17 31 37 62 87 57 101
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,194 1,216 1,232 1,321 1,369 1,364 1,274 1,135 1,994 1,766 1,802
Debt-free Net Working Capital (DFNWC)		 1,826 1,867 1,889 1,947 2,011 2,011 2,072 2,061 3,409 3,341 3,647
Net Working Capital (NWC)		 1,808 1,850 1,872 1,930 1,994 1,994 2,054 2,043 3,237 3,169 3,432
Net Nonoperating Expense (NNE)		 4.35 1.14 5.67 2.18 1.92 2.56 3.56 3.63 10 19 19
Net Nonoperating Obligations (NNO)		 -306 -329 -341 -309 -329 -338 -493 -626 755 596 327
Total Depreciation and Amortization (D&A)		 31 30 30 32 32 28 30 30 89 47 48
Debt-free, Cash-free Net Working Capital to Revenue		 14.12% 15.26% 16.20% 17.46% 17.77% 17.38% 15.82% 13.96% 21.41% 15.57% 14.12%
Debt-free Net Working Capital to Revenue		 21.59% 23.43% 24.85% 25.73% 26.12% 25.63% 25.74% 25.35% 36.61% 29.46% 28.57%
Net Working Capital to Revenue		 21.39% 23.21% 24.62% 25.50% 25.89% 25.40% 25.52% 25.14% 34.77% 27.95% 26.89%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.01 $0.94 $0.93 $1.12 $1.20 $1.18 $1.28 $0.90 $0.91 $1.72 $2.17
Adjusted Weighted Average Basic Shares Outstanding		 56.54M 55.59M 55.47M 55.59M 54.21M 54.41M 53.61M 53.95M 54.16M 54.33M 53.86M
Adjusted Diluted Earnings per Share		 $0.98 $0.93 $0.91 $1.09 $1.16 $1.16 $1.26 $0.88 $0.89 $1.70 $2.12
Adjusted Weighted Average Diluted Shares Outstanding		 58.24M 56.70M 56.71M 56.97M 55.85M 55.51M 54.49M 55.18M 55.52M 55.11M 55.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 55.78M 55.45M 54.65M 53.93M 54.33M 53.46M 53.28M 54.56M 54.60M 53.60M 53.60M
Normalized Net Operating Profit after Tax (NOPAT)		 66 59 62 72 74 74 82 77 99 118 146
Normalized NOPAT Margin		 3.54% 3.21% 3.35% 3.56% 3.69% 3.72% 4.04% 3.68% 3.10% 2.93% 4.20%
Pre Tax Income Margin		 4.36% 4.06% 4.05% 4.30% 4.30% 4.46% 4.48% 3.50% 1.93% 3.27% 5.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 10.28 9.64 10.60 17.64 17.57 18.01 18.51 14.26 3.17 4.82 6.60
NOPAT to Interest Expense		 7.69 6.87 8.05 13.77 14.56 14.68 15.35 10.71 2.50 3.64 4.45
EBIT Less CapEx to Interest Expense		 6.21 6.04 7.57 12.76 14.16 11.84 11.06 2.22 -0.35 3.05 3.50
NOPAT Less CapEx to Interest Expense		 3.63 3.27 5.01 8.90 11.14 8.51 7.90 -1.32 -1.01 1.88 1.35
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 73.39% 83.33% 94.25% 106.96% 65.65% 93.69% 72.87% 42.74% 71.82% 92.04% 73.15%

Financials Breakdown Chart

Key Financial Trends

Sanmina’s latest quarterly results show a business that is still generating solid profits and cash flow, but with a heavier balance sheet and a more mixed recent trend than a year ago. In Q2 2026, revenue rose to $4.01 billion from $3.19 billion in Q1 2026, while net income attributable to common shareholders increased to $93.6 million from $49.3 million. Operating cash flow also improved sharply to $398.8 million, helped by strong working-capital release. That said, the quarter also featured a meaningful debt-funded acquisition and continued share repurchases, which changed the balance sheet picture materially.

Over the last four years, Sanmina has remained consistently profitable and cash-generative, but margins and leverage have moved around. Revenue has generally held in the roughly $1.8 billion to $2.3 billion quarterly range in the earlier periods, and earnings have mostly stayed positive. However, recent quarters show pressure from restructuring charges, interest expense, and a capital structure that became more debt-heavy in 2026. The company’s ability to keep producing cash is a key strength, but investors should watch how efficiently it integrates acquisitions and manages debt.

  • Strong Q2 2026 revenue rebound: revenue rose to $4.01 billion from $3.19 billion in Q1 2026, showing a sharp sequential improvement.
  • Operating cash flow surged in Q2 2026: net cash from operations climbed to $398.8 million, up from $178.7 million in Q1 2026.
  • Profitability remains intact: Sanmina posted $97.8 million in net income in Q2 2026 and $51.8 million in Q1 2026.
  • Solid gross and operating income generation: Q2 2026 operating income reached $157.0 million, with gross profit of $353.8 million.
  • Cash balance improved: cash and equivalents rose to $1.58 billion in Q2 2026 from $1.42 billion in Q1 2026.
  • Shares outstanding remain relatively controlled: diluted shares in Q2 2026 were 55.1 million, only slightly above prior quarters.
  • Working capital continues to be a major cash driver: Q2 2026 operating assets and liabilities provided $272.0 million in cash, a big boost to operating cash flow.
  • Acquisition activity increased materially: Q1 2026 included $1.36 billion of acquisition cash outflow, suggesting a major strategic transaction.
  • Debt levels were reset upward in 2026: Q1 2026 debt issuance of $2.20 billion offset repayments and funded the acquisition, changing the leverage profile.
  • Leverage is materially higher than a year ago: total liabilities were $7.06 billion in Q2 2026 versus $2.57 billion in Q2 2025, largely due to higher debt and acquisition-related obligations.
  • Interest expense remains a drag: Q2 2026 interest expense was $32.1 million, up from $24.7 million in Q1 2026.
  • Margins remain relatively thin for the size of the business: Q2 2026 gross margin was only about 8.8% and operating margin about 3.9%.
  • Restructuring charges have been recurring: restructuring costs appeared in multiple periods, including $794,000 in Q2 2026 and $44.0 million in Q1 2026.
  • Balance sheet pressure increased: current liabilities rose to $4.44 billion in Q2 2026, while working capital absorbed substantial inventory and payable balances.

Bottom line: Sanmina looks like a profitable, cash-producing electronics manufacturing company with improving recent sales momentum, but investors should not ignore the higher debt load and acquisition execution risk. The near-term story is better cash generation and stronger revenue, while the main caution is that the balance sheet is now much more leveraged than it was a year earlier.

08/04/26 09:42 PM ETAI Generated. May Contain Errors.

Sanmina Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sanmina's financial year ends in September. Their financial year 2025 ended on September 27, 2025.

Sanmina's net income appears to be on an upward trend, with a most recent value of $266.26 million in 2025, falling from $377.26 million in 2015. The previous period was $237.75 million in 2024. View Sanmina's forecast to see where analysts expect Sanmina to go next.

Sanmina's total operating income in 2025 was $354.57 million, based on the following breakdown:
  • Total Gross Profit: $716.36 million
  • Total Operating Expenses: $361.79 million

Over the last 10 years, Sanmina's total revenue changed from $6.37 billion in 2015 to $8.13 billion in 2025, a change of 27.5%.

Sanmina's total liabilities were at $3.32 billion at the end of 2025, a 34.8% increase from 2024, and a 68.2% increase since 2015.

In the past 10 years, Sanmina's cash and equivalents has ranged from $398.29 million in 2016 to $926.27 million in 2025, and is currently $926.27 million as of their latest financial filing in 2025.

Over the last 10 years, Sanmina's book value per share changed from 18.90 in 2015 to 44.18 in 2025, a change of 133.8%.


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Financial statements for NASDAQ:SANM last updated on 7/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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