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Sanmina Corp. SANM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$8.1B
▲ 7.4% YoY
$245.9M
▲ 10.5% YoY
$473.3M
▲ 106.7% YoY

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

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
4B8B
2009201220152018202120242025
Compound annual growth
+0.9%
+3.2%
+2.5%
+1.7%
+0.8%
+13.0%
−4.2%
+4.8%
+5.4%
+18.9%
+0.1%
+7.6%
+197.2%
+13.4%
+101.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.2% a year over the five years to FY2025 — 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%
2%4%-1%-2%
200920172025
ROE
FY2025 · ROE 10.0%
10%20%-10%-20%
200920172025
Three returns, three denominators.

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 473.3
200M400M-100M-200M
200920172025
Net buybacks $M Dividends $M
FY2022 · Dividends · · Net buybacks 331.1
150M300M
20092011201320152017201920212022

Total assetsUSD 5.9B
CashUSD 926.3M
Gross debtUSD 300.5M
Net debtUSD -625.8M
Current ratio1.72×

Net debt stands at -25% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SANM, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B8.17.68.97.96.77.08.27.16.96.56.46.25.96.16.66.35.2
Operating income $B0.40.30.50.30.30.20.30.10.20.20.20.20.20.10.20.2−0.0
EBITDA $B0.50.50.60.50.40.30.40.20.30.30.30.30.30.20.30.30.1
Income tax $B0.10.10.10.10.00.10.10.20.10.0−0.2−0.00.0−0.10.00.00.0
Net income $B0.20.20.30.20.20.10.1−0.10.10.20.40.20.10.20.10.1−0.1
Free cash flow $B0.50.20.00.20.30.20.20.00.10.30.10.20.20.10.1−0.20.1
EPS, diluted $4.463.915.183.813.721.881.97−1.371.782.384.412.270.932.160.831.48−1.67
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %10.09.515.013.114.48.19.1−6.18.512.027.316.97.720.89.620.7−23.1
Shares out B0.050.050.060.060.060.060.070.070.070.070.080.080.080.080.080.08◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 84 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPrinted Circuit Boards
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsOctober 3
Data on record since2008

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