Sanmina Corporation (SANM) Income Statement
SANM FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSANM revenue and net income
Where SANM's revenue goes
FY2025Each bar shows an amount and its share of revenue. SANM kept 3.0% of revenue as net income.
SANM profit margins
SANM growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.4% | +0.9% | +3.2% | +2.5% |
| Gross profit | +11.9% | +4.8% | +6.7% | +4.0% |
| Operating income | +5.7% | +0.5% | +10.1% | +5.7% |
| Net income | +10.5% | +0.8% | +13.0% | −4.2% |
| EPS (diluted) | +14.6% | +6.4% | +14.5% | +10.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SANM quarterly EPS vs estimates
Sanmina beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $2.89).
SANM income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.13B | $7.57B | $8.94B | $7.92B | $6.74B | $6.95B | $8.23B | $7.11B | $6.87B | $6.48B |
| Cost of revenue | $7.41B | $6.93B | $8.19B | $7.30B | $6.21B | $6.43B | $7.64B | $6.65B | $6.35B | $5.97B |
| Gross profit | $716.4M | $640.4M | $743.2M | $622.2M | $526.4M | $517.2M | $591.9M | $463.8M | $519.9M | $514.3M |
| Research & development | $31.1M | $28.5M | $26.4M | $21.3M | $20.9M | $22.6M | $27.6M | $30.8M | $33.7M | $37.7M |
| Sales, general & admin | $290.2M | $266.2M | $244.6M | $244.6M | $234.5M | $240.9M | $260.0M | $250.9M | $251.6M | $244.6M |
| Total operating expenses | $361.8M | $304.9M | $287.6M | $272.7M | $270.5M | $298.0M | $287.6M | $284.6M | $289.0M | $285.8M |
| Operating income | $354.6M | $335.5M | $455.7M | $349.5M | $255.9M | $219.1M | $177.7M | $119.4M | $226.5M | $224.8M |
| Interest income | $15.9M | $12.4M | $13.6M | $1.6M | $925,000 | $2.3M | $1.1M | $1.3M | $1.3M | $680,000 |
| Interest expense | $4.3M | $29.2M | $36.3M | $22.5M | $19.6M | $28.9M | $30.8M | $27.7M | $21.9M | $24.9M |
| Income before taxes | $339.4M | $317.5M | $412.8M | $302.3M | $281.6M | $192.2M | $245.6M | $97.5M | $213.5M | $204.6M |
| Income taxes | $73.2M | $79.8M | $85.3M | $61.9M | $32.1M | $59.0M | $104.1M | $193.1M | $74.6M | $16.8M |
| Net income | $245.9M | $222.5M | $310.0M | $240.4M | $249.5M | $133.2M | $141.5M | −$95.5M | $138.8M | $187.8M |
| EBITDA | $463.2M | $469.1M | $567.3M | $433.6M | $410.8M | $335.3M | $416.8M | $298.0M | $346.6M | $340.4M |
| EPS (diluted) | $6.05 | $5.28 | $6.20 | $5.02 | $3.97 | $3.07 | $3.40 | $2.20 | $2.89 | $2.56 |
| Gross margin | 8.8% | 8.5% | 8.3% | 7.9% | 7.8% | 7.4% | 7.2% | 6.5% | 7.6% | 7.9% |
| Operating margin | 4.4% | 4.4% | 5.1% | 4.4% | 3.8% | 3.2% | 2.2% | 1.7% | 3.3% | 3.5% |
| Net margin | 3.0% | 2.9% | 3.5% | 3.0% | 3.7% | 1.9% | 1.7% | −1.3% | 2.0% | 2.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.46B | $4.01B | $3.19B | $2.10B | $2.04B | $1.98B | $2.01B | $2.02B | $1.84B | $1.84B | $1.87B | $2.05B |
| Cost of revenue | $3.10B | $3.66B | $2.95B | $1.91B | $1.86B | $1.81B | $1.84B | $1.85B | $1.69B | $1.69B | $1.71B | $1.88B |
| Gross profit | $363.3M | $353.8M | $241.2M | $191.2M | $181.1M | $176.2M | $167.9M | $171.3M | $153.5M | $153.5M | $160.8M | $173.4M |
| Research & development | $8.3M | $8.0M | $8.7M | $8.7M | $8.1M | $7.3M | $7.0M | $8.2M | $7.7M | $7.7M | $6.3M | $7.7M |
| Sales, general & admin | $109.3M | $113.5M | $114.9M | $73.5M | $69.5M | $76.3M | $70.8M | $70.5M | $61.7M | $69.2M | $64.8M | $62.1M |
| Total operating expenses | $140.6M | $123.4M | $123.5M | $112.7M | $85.2M | $84.6M | $79.3M | $81.7M | $71.2M | $71.2M | $73.3M | $74.2M |
| Operating income | $222.7M | $230.4M | $117.6M | $78.5M | $95.9M | $91.6M | $88.6M | $89.6M | $82.4M | $82.4M | $87.6M | $99.3M |
| Interest income | $9.8M | $8.4M | $8.1M | $4.5M | $4.2M | $3.7M | $3.4M | $2.8M | $2.6M | $3.4M | $3.7M | $3.9M |
| Interest expense | $32.5M | $32.1M | $24.7M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $7.5M | $7.5M | $8.4M | $8.3M |
| Income before taxes | $191.8M | $131.1M | $61.6M | $73.3M | $91.4M | $88.4M | $86.3M | $86.8M | $74.6M | $74.6M | $81.7M | $86.8M |
| Income taxes | $66.4M | $33.3M | $9.8M | $21.4M | $18.5M | $17.9M | $15.4M | $19.4M | $19.9M | $19.9M | $21.3M | $21.4M |
| Net income | $117.1M | $93.6M | $49.3M | $48.1M | $68.6M | $64.2M | $65.0M | $61.4M | $51.6M | $51.6M | $57.1M | $61.8M |
| EBITDA | $272.4M | $210.4M | $125.8M | $108.0M | $126.2M | $121.6M | $123.1M | $123.5M | $111.9M | $112.4M | $120.8M | $125.5M |
| EPS (diluted) | $2.86 | $3.16 | $2.38 | $1.67 | $1.53 | $1.41 | $1.44 | $1.43 | $1.25 | $1.30 | $1.30 | $1.42 |
| Gross margin | 10.5% | 8.8% | 7.6% | 9.1% | 8.9% | 8.9% | 8.4% | 8.5% | 8.3% | 8.3% | 8.6% | 8.5% |
| Operating margin | 6.4% | 5.7% | 3.7% | 3.7% | 4.7% | 4.6% | 4.4% | 4.4% | 4.5% | 4.5% | 4.7% | 4.8% |
| Net margin | 3.4% | 2.3% | 1.5% | 2.3% | 3.4% | 3.2% | 3.2% | 3.0% | 2.8% | 2.8% | 3.0% | 3.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SANM's financial statements (latest annual report filed November 13, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SANM financial results
In fiscal year 2025 (ended September 30, 2025), Sanmina reported revenue of $8.1 billion, up 7.4% from the year before. It had net income of $245.9 million (up 10.5%), a net profit margin of 3.0%. Diluted earnings per share came to $6.05. Over five years revenue grew at an average rate of 3.2% a year.
See the SANM stock overview for the latest quote and news, or the SANM chart for price history and technical indicators.
SANM income statement FAQ
What is Sanmina's annual revenue?
Sanmina reported total revenue of $8.1 billion for fiscal year 2025, which ended on September 30, 2025. That was up 7.4% from $7.6 billion the previous year.
Is Sanmina profitable?
Yes. Sanmina reported net income of $245.9 million in fiscal 2025, a net profit margin of 3.0%; its operating margin was 4.4%.
What is Sanmina's gross margin?
Sanmina's gross margin was 8.8% in fiscal 2025: for every $100 of revenue, Sanmina kept $9 after the direct cost of its products and services.
How much does Sanmina spend on research and development?
Sanmina spent $31.1 million on research and development in fiscal 2025, 0.4% of revenue.
How fast is Sanmina growing?
Revenue grew 3.2% a year on average over the last five fiscal years, from $7.0 billion to $8.1 billion.
What are Sanmina's earnings per share?
Sanmina earned $6.05 per diluted share in fiscal 2025, compared with $5.28 a year earlier.
When will Sanmina report its next earnings?
Sanmina is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Sanmina's fiscal year end?
Sanmina's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 13, 2025.