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Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engaging in the manufacture of components, subassemblies, and complete systems; and direct order fulfilment and logistics services. In addition, the company provides components, such as printed circuit boards, backplane fabrication and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud infrastructure industries. The company was formerly known as Sanmina-SCI Corp. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.1B | $479M | $246M | $473M | 10.4% | 7.4% | 10.5% |
| 2024 | $7.6B | $469M | $223M | $229M | 10.1% | -15.3% | -28.2% |
| 2023 | $8.9B | $567M | $310M | $44M | 14.3% | 12.8% | 28.9% |
| 2022 | $7.9B | $434M | $240M | $192M | 13.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,919.62 | 8,935.05 | 7,568.33 | 8,128.38 |
| Operating Revenue | - | 7,919.62 | 8,935.05 | 7,568.33 | 8,128.38 |
| Cost Of Revenue | - | 7,297.42 | 8,191.84 | 6,927.90 | 7,412.02 |
| Gross Profit | - | 622.21 | 743.21 | 640.43 | 716.36 |
| Operating Expense | - | 265.91 | 281.50 | 294.71 | 321.31 |
| Research And Development | - | 21.34 | 26.43 | 28.51 | 31.09 |
| Selling General And Administration | - | 244.57 | 255.07 | 266.19 | 290.22 |
| Total Expenses | - | 7,563.33 | 8,473.34 | 7,222.61 | 7,733.33 |
| Operating Income | - | 356.29 | 461.71 | 345.72 | 395.05 |
| Total Operating Income As Reported | - | 349.48 | 455.66 | 335.49 | 354.57 |
| EBITDA | - | 433.58 | 567.33 | 469.14 | 479.04 |
| Normalized EBITDA | - | 440.39 | 573.39 | 479.36 | 519.53 |
| EBIT | - | 324.79 | 449.10 | 346.72 | 359.58 |
| Interest Income | - | 1.63 | 13.60 | 12.44 | 15.86 |
| Interest Expense | - | 22.47 | 36.29 | 29.18 | 20.15 |
| Net Interest Income | - | -20.84 | -22.70 | -16.74 | -4.30 |
| Other Non Operating Income Expenses | - | -26.31 | -20.16 | -1.22 | -10.84 |
| Other Income Expense | - | -33.13 | -26.21 | -11.44 | -51.32 |
| Interest Income Non Operating | - | 1.63 | 13.60 | 12.44 | 15.86 |
| Interest Expense Non Operating | - | 22.47 | 36.29 | 29.18 | 20.15 |
| Net Non Operating Interest Income Expense | - | -20.84 | -22.70 | -16.74 | -4.30 |
| Pretax Income | - | 302.32 | 412.81 | 317.54 | 339.43 |
| Tax Provision | - | 61.94 | 85.29 | 79.78 | 73.17 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.40 | -1.25 | -2.57 | -8.73 |
| Net Income Continuous Operations | - | 240.38 | 327.51 | 237.75 | 266.26 |
| Net Income From Continuing And Discontinued Operation | - | 240.38 | 309.97 | 222.54 | 245.89 |
| Net Income From Continuing Operation Net Minority Interest | - | 240.38 | 309.97 | 222.54 | 245.89 |
| Net Income | - | 240.38 | 309.97 | 222.54 | 245.89 |
| Net Income Common Stockholders | - | 240.38 | 309.97 | 222.54 | 245.89 |
| Net Income Including Noncontrolling Interests | - | 240.38 | 327.51 | 237.75 | 266.26 |
| Normalized Income | - | 245.80 | 314.77 | 230.19 | 277.65 |
| Diluted NI Availto Com Stockholders | - | 240.38 | 309.97 | 222.54 | 245.89 |
| Basic Average Shares | - | 61.31 | 57.85 | 55.59 | 53.95 |
| Diluted Average Shares | - | 63.12 | 59.82 | 56.97 | 55.18 |
| Reconciled Depreciation | - | 108.78 | 118.24 | 122.42 | 119.47 |
| Reconciled Cost Of Revenue | - | 7,297.42 | 8,191.84 | 6,927.90 | 7,412.02 |
| Total Unusual Items | - | -6.82 | -6.05 | -10.23 | -40.48 |
| Total Unusual Items Excluding Goodwill | - | -6.82 | -6.05 | -10.23 | -40.48 |
| Minority Interests | - | 0 | -17.54 | -15.22 | -20.37 |
| Special Income Charges | - | -6.82 | -6.05 | -10.23 | -40.48 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | 6.82 | 6.05 | 10.23 | 40.48 |
| General And Administrative Expense | 234.54 | 244.57 | - | - | - |
| Other Gand A | 214.42 | 219.53 | - | - | - |
| Salaries And Wages | 20.12 | 25.04 | - | - | - |
| Gain On Sale Of Ppe | 0 | 4.61 | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sanmina Corporationthis co. | SANM | $15.0B | 61.06↑ premium | 6.38 | 10.4% | 30.04 |
| Broadridge Financial Solutions, Inc. | BR | $17.8B | 21.23 | 6.71 | 31.6% | 13.62 |
| CDW Corporation | CDW | $17.8B | 16.70 | 6.84 | 40.9% | 11.78 |
| PTC Inc. | PTC | $16.0B | 21.84 | 4.19 | 19.2% | 15.20 |
| Gen Digital Inc. | GEN | $16.0B | 16.42 |
| - |
| - |
| - |
| - |
| - |
| 6.12 |
| 37.3% |
| 9.26 |
| Semtech Corporation | SMTC | $15.8B | -390.71 | 28.70 | -7.3% | 407.08 |
| Leidos Holdings, Inc. | LDOS | $15.7B | 10.82 | 3.19 | 29.5% | 8.24 |
| Trimble Inc. | TRMB | $13.0B | 30.62 | 2.22 | 7.3% | 18.02 |
| Tyler Technologies, Inc. | TYL | $12.7B | 40.17 | 3.42 | 8.5% | 22.50 |
| Peer Median | - | 18.97 | 5.15 | 24.3% | 14.41 | |