Sanmina Corporation (SANM) AI Stock Analysis

Sanmina Corporation specializes in comprehensive manufacturing solutions, components, products, logistics, and after-market services on a global scale. Operating through Integrated Manufacturing Solutions and Components, Products and Services, the company supports industries worldwide across the product lifecycle from design and engineering to assembly and testing. Its capabilities include printed circuit boards, precision machined parts, plastic injected molded parts, and advanced technologies such as optical, radio frequency, and microelectronic solutions. Sanmina also provides cloud-based manufacturing execution software, primarily serving original equipment manufacturers in defense, aerospace, automotive, industrial automation, medical devices, communications networks, and clean technology.

Sanmina's revenue grew from $6.74B in FY2021 to $8.94B in FY2023 before falling 15.3% to $7.57B in FY2024. Revenue rebounded by 7.4% to $8.13B in FY2025, producing a 5-year revenue CAGR of 3.2% between FY2020 and FY2025. Gross margin expanded from 7.8% in FY2021 to 8.8% in FY2025, while operating margin improved from 3.8% to 4.4%. Net income reached $245.9M in FY2025, generating EPS of $6.05. Over the trailing twelve months, revenue reached $12.76B with EPS of $5.59. For the quarter ended June 30, 2026, revenue increased 69.7% year-over-year and earnings increased 68.3%.

As of June 30, 2026, Sanmina held $1.84B in cash and short-term investments against total debt of $2.43B, resulting in net debt of $588.0M. Total assets stood at $9.74B and shareholders' equity was $2.56B, reflecting a debt-to-equity ratio of 0.95 and a current ratio of 1.78. In FY2025, operating cash flow reached $620.7M and free cash flow was $473.3M. Capital expenditures totaled $147.4M, while share buybacks amounted to $113.8M, contributing to a 16.8% reduction in share count over 5 years.

At its last close of $175.67 on October 16, 2026, Sanmina had a market capitalization of $9.42B and an enterprise value of $11.89B. The stock trades at a trailing P/E of 31.4x, above the median of its US-listed Technology peers of 28.1x, but its forward P/E of 14.8x is lower than the peer median of 18.8x. Its EV-to-EBITDA multiple of 16.6x matches the peer median of 16.6x, and its price-to-sales of 0.7x is well below the peer median of 2.8x. Over the past year, Sanmina gained 32.0% versus 16.8% for the S&P 500, and over 5 years it gained 344.5% compared to 83.0% for the index.

Wall Street analysts cover Sanmina with 1 Strong Buy and 3 Hold ratings. The mean price target of $262.50 indicates 49.4% upside compared to the last close of $175.67. For the fiscal year ending September 30, 2026, consensus estimates project revenue of $14.15B and EPS of $12.11, representing expected EPS growth of 100.4%. For the following fiscal year, 5 analysts project revenue of $16.70B and EPS of $14.08. Sanmina beat EPS estimates in each of the past 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of Sanmina Corporation (SANM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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