MARKETS / NASDAQ / SANM

NASDAQ · PRINTED CIRCUIT BOARDS · LARGE CAP

Sanmina Corp. SANM

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$8.1B

▲ 7.4% YoY

Net income

$245.9M

▲ 10.5% YoY

Free cash flow

$473.3M

▲ 106.7% YoY

In brief

What this company does

Sanmina Corporation provides integrated manufacturing solutions, components, products, and repair, logistics and after-market services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure industries. As of September 27, 2025, it had approximately 39,000 employees, including 4,000 temporary employees, in 20 countries. Its ten largest customers accounted for 52% of net sales in 2025, one customer accounted for 10.1% of net sales in both 2025 and 2024, and one customer accounted for 13.2% of net sales in 2023. It manages its operations as two businesses: Integrated Manufacturing Solutions and Components, Products and Services. It was originally incorporated in California in 1980 and reincorporated in Delaware in May 1989.

Written from the business description in Sanmina Corporation's annual report to the U.S. Securities and Exchange Commission, filed 13 November 2025. Every sentence was checked against that document before publication.

Growth

USD 8.1B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 8.1 · Net income 0.2

Compound annual growth

Revenue

+0.9%

+3.2%

+2.5%

+1.7%

Net income

+0.8%

+13.0%

−4.2%

+4.8%

EPS, diluted

+5.4%

+18.9%

+0.1%

+7.6%

Returned to shareholders

+197.2%

+13.4%

+101.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.2% a year over five years — but profit grew faster: net income at +13.0%, earnings per share at +18.9%.

The share count fell from 0.06B to 0.05B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 4.4% · Net 3.3%

ROE

FY2023 · ROE 17.0%

Gross margin8.8%

Operating margin4.4%

Net margin3.3%

Return on assets5.0%

EBITDAUSD 474.0M

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 473.3

Net buybacks $M Dividends $M

FY2022 · Dividends — · Net buybacks 331.1

Total assetsUSD 5.9B

CashUSD 926.3M

Gross debtUSD 300.5M

Net debtUSD -625.8M

Current ratio1.72×

Not available: we don't have the shareholders' equity figure for this period.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	8.1	7.6	8.9	7.9	6.7	7.0	8.2	7.1	6.9	6.5	6.4	6.2	5.9	6.1	6.6	6.3	5.2
Operating income $B	0.4	0.3	0.5	0.3	0.3	0.2	0.3	0.1	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	−0.0
EBITDA $B	0.5	0.5	0.6	0.5	0.4	0.3	0.4	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.3	0.3	0.1
Income tax $B	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.2	0.1	0.0	−0.2	−0.0	0.0	−0.1	0.0	0.0	0.0
Net income $B	0.2	0.2	0.3	0.2	0.2	0.1	0.1	−0.1	0.1	0.2	0.4	0.2	0.1	0.2	0.1	0.1	−0.1
Free cash flow $B	0.5	0.2	0.0	0.2	0.3	0.2	0.2	0.0	0.1	0.3	0.1	0.2	0.2	0.1	0.1	−0.2	0.1
EPS, diluted $	4.46	3.91	5.18	3.81	3.72	1.88	1.97	−1.37	1.78	2.38	4.41	2.27	0.93	2.16	0.83	1.48	−1.67
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	·	·	17.0	13.1	14.4	8.1	9.1	−6.1	8.5	12.0	27.3	16.9	7.7	20.8	9.6	20.7	−23.1
Shares out B	0.05	0.05	0.06	0.06	0.06	0.06	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.08	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 84 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 11 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityPrinted Circuit Boards

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsOctober 3

Data on record since2008