Sanmina Corporation (SANM) financial statements: income statement, balance sheet and cash flow

Sanmina Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 27, 2025 · FY), Sanmina Corporation reported revenue of $8.1B (+7.4% year on year) and net income of $245.9M (+10.5% year on year).

Income statement

Sanmina Corporation income statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Net sales	$8.1B	$7.6B	$8.9B	$7.9B
Cost of sales	$7.4B	$6.9B	$8.2B	$7.2B
Gross profit	$716.4M	$640.4M	$743.2M	$640.5M
Selling, general and administrative	$290.2M	$266.2M	$255.1M	$244.6M
Research and development	$31.1M	$28.5M	$26.4M	$21.3M
Acquisition and integration charges	$34.2M	—	—	—
Restructuring	$6.3M	—	—	—
Total operating expenses	$361.8M	$304.9M	$287.6M	$272.7M
Operating income	$354.6M	$335.5M	$455.7M	$367.8M
Interest income	$15.9M	$12.4M	$13.6M	$1.6M
Interest expense	($20.2M)	($29.2M)	($36.3M)	($22.5M)
Other income (expense), net	($10.8M)	($1.2M)	($20.2M)	($26.3M)
Interest and other, net	($15.1M)	($18.0M)	($42.9M)	($47.2M)
Income before income taxes	$339.4M	$317.5M	$412.8M	$320.6M
Provision for income taxes	$73.2M	$79.8M	$85.3M	$64.5M
Net income before noncontrolling interest	$266.3M	$237.8M	$327.5M	—
Less: Net income attributable to noncontrolling interest	$20.4M	$15.2M	$17.5M	—
Net income attributable to common shareholders	$245.9M	$222.5M	$310.0M	$256.1M
Basic	$4.56	$4.00	$5.36	$4.18
Diluted	$4.46	$3.91	$5.18	$4.06
Basic	53.9M	55.6M	57.8M	61.3M
Diluted	55.2M	57.0M	59.8M	63.1M

Sanmina Corporation income statement, quarters

Line item	Jun 27, 2026 · Q3	Mar 28, 2026 · Q2	Dec 27, 2025 · Q1	Jun 28, 2025 · Q3
Net sales	$3.5B	$4.0B	$3.2B	$2.0B
Cost of sales	$3.1B	$3.7B	$2.9B	$1.9B
Gross profit	$363.3M	$353.8M	$242.4M	$181.1M
Selling, general and administrative	$109.3M	$113.5M	$114.9M	$69.5M
Research and development	$8.3M	$8.0M	$8.7M	$8.1M
Acquisition, integration and others	$21.1M	$72.6M	—	—
Amortization of intangible assets	$1.8M	$1.9M	$1.2M	—
Restructuring Charges	$1.6M	$794.0K	$670.0K	—
Total operating expenses	$142.1M	$196.8M	$168.8M	$85.2M
Operating income	$221.2M	$157.0M	$73.6M	$95.9M
Interest income	$9.8M	$8.4M	$8.1M	$4.2M
Interest Expense, Nonoperating	$32.5M	$32.1M	$24.7M	$5.0M
Other income (expense), net	($6.8M)	($2.2M)	$4.6M	($3.7M)
Interest and other, net	($29.5M)	($25.9M)	($12.0M)	($4.5M)
Income before income taxes	$191.8M	$131.1M	$61.6M	$91.4M
Provision for income taxes	$66.4M	$33.3M	$9.8M	$18.5M
Net income before noncontrolling interest	$125.3M	$97.8M	$51.8M	$72.9M
Less: Net income attributable to noncontrolling interest	$8.2M	$4.2M	$2.5M	$4.3M
Net income attributable to common shareholders	$117.1M	$93.6M	$49.3M	$68.6M
Basic	$2.17	$1.72	$0.91	$1.28
Diluted	$2.12	$1.70	$0.89	$1.26
Basic	53.9M	54.3M	54.2M	53.6M
Diluted	55.1M	55.1M	55.5M	54.5M

Balance sheet

Sanmina Corporation balance sheet, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 2, 2021 · FY
Cash and cash equivalents	$926.3M	$625.9M	$667.6M	$650.0M
Accounts and Other Receivables, Net, Current	$1.4B	$1.3B	$1.2B	$1.2B
Contract assets	$425.9M	$384.1M	$445.8M	$348.7M
Inventories	$2.0B	$1.4B	$1.5B	$1.0B
Prepaid expenses and other current assets	$124.7M	$79.3M	$58.2M	$54.0M
Total current assets	$4.9B	$3.9B	$3.9B	$3.3B
Property, plant and equipment, net	$682.4M	$616.1M	$632.8M	$533.0M
Deferred income tax assets	$171.2M	$160.7M	$177.6M	$235.1M
Other	$139.1M	$175.6M	$184.0M	$157.0M
Total assets	$5.9B	$4.8B	$4.9B	$4.2B
Accounts payable	$1.6B	$1.4B	$1.6B	$1.5B
Accrued liabilities	$179.6M	$348.1M	$267.1M	$161.9M
Deferred revenue and customer advances	$878.5M	—	—	—
Accrued payroll and related benefits	$167.5M	$133.1M	$127.4M	$117.6M
Short-term debt, including current portion of long-term debt	$17.5M	$17.5M	$25.9M	$18.8M
Total current liabilities	$2.8B	$1.9B	$2.0B	$1.8B
Long-term debt	$283.0M	$299.8M	$312.3M	$311.6M
Other	$214.0M	$220.8M	$209.7M	$253.5M
Total long-term liabilities	$497.0M	$520.7M	$522.0M	$565.1M
Preferred stock, $0.01 par value, authorized 5,000 shares, none issued and outstanding	0	0	0	0
Common stock, $0.01 par value, authorized 166,667 shares; 114,561 and 113,117 shares issued and 53,404 and 53,921 shares outstanding as of September 27, 2025 and September 28, 2024, respectively	534.0K	539.0K	568.0K	643.0K
Treasury stock, 61,157 and 59,196 shares as of September 27, 2025 and September 28, 2024, respectively, at cost	-1.9B	-1.7B	-1.5B	-1.0B
Additional paid-in capital	$6.6B	$6.6B	$6.5B	$6.3B
Accumulated other comprehensive income	$69.6M	$66.7M	$70.9M	$40.7M
Accumulated deficit	($2.5B)	($2.7B)	($2.9B)	($3.5B)
Noncontrolling interest	$185.3M	$164.9M	$149.7M	—
Equity, Including Portion Attributable to Noncontrolling Interest, Total	$2.5B	$2.4B	$2.3B	—
Total liabilities and stockholders’ equity	$5.9B	$4.8B	$4.9B	$4.2B

Sanmina Corporation balance sheet, quarters

Line item	Jun 27, 2026	Mar 28, 2026	Dec 27, 2025	Jun 28, 2025
Cash and cash equivalents	$1.8B	$1.6B	$1.4B	$797.9M
Accounts and Other Receivables, Net, Current	$2.0B	$2.2B	$2.6B	$1.4B
Contract assets	$522.4M	$473.1M	$430.9M	$411.7M
Inventories	$3.2B	$3.0B	$3.1B	$1.6B
Prepaid expenses and other current assets	$322.2M	$306.4M	$307.0M	$123.2M
Total current assets	$7.8B	$7.6B	$7.9B	$4.3B
Property, plant and equipment, net	$1.1B	$993.3M	$954.8M	$629.5M
Deferred income tax assets	$320.2M	$326.4M	$379.3M	$154.2M
Goodwill	$121.9M	$358.8M	$306.7M	—
Other assets	$417.8M	$379.1M	$307.5M	$136.2M
Total assets	$9.7B	$9.7B	$9.8B	$5.2B
Accounts payable	$2.5B	$2.5B	$2.3B	$1.4B
Accrued liabilities	$366.5M	$312.5M	$627.9M	$110.8M
Deferred revenue and customer advances	$1.1B	$1.2B	$1.3B	$525.1M
Accrued payroll and related benefits	$212.9M	$217.3M	$216.8M	$161.8M
Short-term debt, including current portion of long-term debt	$215.0M	$172.0M	$172.0M	$17.5M
Total current liabilities	$4.4B	$4.4B	$4.6B	$2.2B
Long-term debt	$2.0B	$2.0B	$2.0B	$287.2M
Other liabilities	$625.9M	$615.5M	$525.7M	$211.9M
Total long-term liabilities	$2.6B	$2.6B	$2.5B	$499.1M
Stockholders’ equity	$2.8B	$2.6B	$2.7B	$2.5B
Total liabilities and stockholders’ equity	$9.7B	$9.7B	$9.8B	$5.2B

Cash flow statement

Sanmina Corporation cash flow statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Net income before noncontrolling interest	$266.3M	$237.8M	$327.5M	—
Depreciation and amortization	$119.5M	$122.4M	$118.2M	$108.8M
Stock-based compensation expense	$63.4M	$57.4M	$50.4M	$39.6M
Deferred income taxes	($11.8M)	$30.3M	$28.8M	$31.7M
Other, net	($5.7M)	($1.1M)	$1.8M	$1.3M
Accounts receivable	($63.8M)	($104.4M)	($89.5M)	$46.5M
Contract assets	($41.9M)	$61.7M	$30.0M	($154.9M)
Inventories	($542.7M)	$35.7M	$210.2M	($663.4M)
Prepaid expenses and other assets	$227.0K	$325.0K	($17.8M)	($31.7M)
Accounts payable	$99.0M	($111.5M)	($414.5M)	$554.5M
Increase (Decrease) in Deferred Revenue and Customer Advances	$662.9M	—	—	—
Accrued liabilities and other	$75.2M	$11.6M	($10.0M)	$133.5M
Cash provided by operating activities	$620.7M	$340.2M	$235.2M	$330.9M
Purchases of property, plant and equipment	($147.4M)	($111.2M)	($191.4M)	($138.6M)
Proceeds from sales of property, plant and equipment	$4.9M	$2.0M	$1.4M	$8.4M
Purchases of investments	($15.0M)	($5.2M)	($2.5M)	($2.0M)
Proceeds from sale of investments	$49.3M	—	—	$0
Cash used in investing activities	($108.2M)	($114.4M)	($192.5M)	($132.2M)
Proceeds from revolving credit facility borrowings	$562.7M	$2.1B	$3.0B	$1.9B
Repayments of revolving credit facility borrowings	($562.7M)	($2.1B)	($3.0B)	($1.9B)
Repayments of borrowings	$17.5M	$21.6M	—	—
Net proceeds from stock issuances	0	6.2M	3.4M	2.4M
Repurchases of common stock	($113.8M)	($254.3M)	($107.1M)	($331.1M)
Payments for tax withholding on stock-based compensation	($43.0M)	—	—	—
Proceeds from sale of noncontrolling interest	$0	$0	$215.8M	—
Proceeds from (Payment for) Other Financing Activity	$477.0K	$0	—	—
Cash provided by (used in) financing activities	($173.8M)	($269.7M)	$94.5M	($314.3M)
Effect of exchange rate changes	$1.8M	$2.2M	$498.0K	($4.5M)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	$340.4M	($41.7M)	$137.7M	($120.2M)
Cash, cash equivalents and restricted cash equivalents at beginning of year	$625.9M	$667.6M	$529.9M	$650.0M
Cash, cash equivalents and restricted cash equivalents at end of year	$966.2M	—	—	—
Interest, net of capitalized interest	$16.6M	$26.1M	$32.5M	$18.2M
Income taxes, net of refunds	$98.6M	$69.4M	$57.3M	$48.1M
Unpaid purchases of property, plant and equipment at end of period	$54.3M	$16.8M	$21.6M	$38.6M

Sanmina Corporation cash flow statement, quarters

Line item	Jun 27, 2026 · YTD	Mar 28, 2026 · YTD	Dec 27, 2025 · Q1	Jun 28, 2025 · YTD
Net income before noncontrolling interest	$274.9M	$149.6M	$51.8M	$214.3M
Depreciation and intangibles amortization	$134.8M	$86.6M	$39.5M	$89.8M
Stock-based compensation expense	$72.5M	$47.7M	$23.6M	$47.2M
Deferred income taxes	$55.0M	$46.4M	($3.2M)	$7.0M
Amortization of inventory fair value adjustment	$49.0M	$49.0M	$49.0M	—
Change in fair value of contingent consideration	$72.0M	$59.0M	—	—
Gain on sale of investment	($4.7M)	($4.7M)	($4.7M)	—
Other, net	$4.8M	$3.1M	$2.1M	($5.2M)
Accounts receivable	$699.1M	$456.3M	$39.8M	($43.2M)
Contract assets	($96.4M)	($47.2M)	($5.0M)	($27.6M)
Inventories	$79.0M	$206.1M	$179.4M	($144.8M)
Prepaid expenses and other assets	($220.3M)	($146.6M)	($23.8M)	$2.9M
Accounts payable	($11.4M)	$46.7M	($84.2M)	($27.6M)
Deferred revenue and customer advances	($168.2M)	($86.6M)	($67.4M)	$309.6M
Accrued liabilities and other	($238.1M)	($287.9M)	($18.1M)	($719.0K)
Cash provided by operating activities	$702.0M	$577.5M	$178.7M	$421.6M
Purchases of property, plant and equipment	($244.4M)	($143.6M)	($86.8M)	($84.9M)
Cash paid for business acquisition, net of cash acquired	($1.1B)	($1.4B)	($1.4B)	—
Payments to Acquire Investments	$0	$0	—	$14.7M
Proceeds from sale of investments	$8.7M	$8.7M	$8.7M	$49.3M
Other, net	$245.0K	$162.0K	$68.0K	$4.7M
Cash used in investing activities	($1.3B)	($1.5B)	($1.4B)	($45.6M)
Repayments of borrowings	($301.9M)	($301.9M)	($301.9M)	($13.1M)
Proceeds from long-term debt	$2.2B	$2.2B	$2.2B	—
Proceeds from revolving credit facility borrowings	$94.9M	$2.5M	$2.5M	$512.7M
Repayments of revolving credit facility borrowings	($94.9M)	($2.5M)	($2.5M)	($512.7M)
Debt issuance costs	($29.3M)	($28.7M)	($28.7M)	—
Repurchases of common stock	($239.2M)	($239.2M)	($79.8M)	($113.9M)
Payments for tax withholding on stock-based compensation	($59.6M)	($56.1M)	($33.7M)	($38.5M)
Cash provided by (used in) financing activities	$1.6B	$1.6B	$1.8B	($165.6M)
Effect of exchange rate changes	($1.3M)	($412.0K)	($187.0K)	$1.5M
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents	$921.0M	$659.6M	$500.6M	$211.9M
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	$966.2M	$966.2M	$966.2M	$625.9M
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$1.9B	$1.6B	$1.5B	—
Interest, net of capitalized interest	$72.1M	$43.8M	$13.3M	$12.7M
Income taxes, net of refunds	$87.1M	$63.0M	$23.0M	$67.4M
Unpaid purchases of property, plant and equipment at the end of period	$65.5M	$63.0M	$32.9M	$34.8M
Issuance of common stock for the acquisition of ZT Systems	$155.3M	$155.3M	$155.3M	—

Sanmina Corporation score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.