SANMINA CORP(SANM)Stock Analysis
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Rank #822 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SANM Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SANMINA CORP (SANM), a Technology sector company. 13F Pro's AI-powered ranking engine scores SANM at 61.0/100 on a 32-signal composite quality model, placing it at rank #822 of 2,879 stocks — the top half of the AI-ranked universe. SANM scores in the top quartile across revenue scale (87.5). Areas of concern include earnings quality (32.2) and institutional flow (36.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), SANMINA CORP reports quarterly revenue of $4.0B, net income of $93.6M, an operating margin of 3.9%. Top institutional holders of SANM by reported 13-F value include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. SANM trades on the Nasdaq exchange and files with the SEC under CIK 897723. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SANM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SANMINA CORP directly from SEC EDGAR. SANMINA CORP's 13F Pro composite quality score has ranged between 8 and 69 since 2021, currently 61.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q2 2026
$4.0B
Net Income
Q2 2026
$93.6M
Free Cash Flow
Q2 2026
$342.0M
Operating Margin
Q2 2026
3.9%
ROIC
Q2 2026
3.3%
D/E Ratio
Q2 2026
0.90
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+7.4% YoYNet Income
+10.5% YoYOperating Income
+5.7% YoYEPS (Diluted)
+14.1% YoYTotal Assets
+21.5% YoYTotal Debt
+0.2% YoYOp. Cash Flow
+82.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $8.13B +7.4% | $7.57B -15.3% | $8.94B +12.8% | $7.92B -3.8% | $8.23B +15.8% | $7.11B |
| Net Income | $245.9M +10.5% | $222.5M -28.2% | $310.0M +28.9% | $240.4M +69.9% | $141.5M +248.1% | $-95.5M |
| Operating Income | $354.6M +5.7% | $335.5M -26.4% | $455.7M +30.4% | $349.5M +22.1% | $286.1M +139.5% | $119.4M |
| EPS (Diluted) | $4.46 +14.1% | $3.91 -24.5% | $5.18 +36.0% | $3.81 +93.4% | $1.97 +243.8% | $-1.37 |
| Total Assets | $5.86B +21.5% | $4.82B -1.0% | $4.87B +0.8% | $4.84B +23.8% | $3.91B -4.4% | $4.09B |
| Total Debt | $318.0M +0.2% | $317.3M -6.2% | $338.3M -2.4% | $346.7M -18.2% | $423.7M -57.0% | $986.0M |
| Operating Cash Flow | $620.7M +82.4% | $340.2M +44.7% | $235.2M -28.9% | $330.9M -13.6% | $383.0M +144.8% | $156.4M |
AI Insight: SANM Financial Trends
Q1 2026 revenue surged to $4,013M — more than double Q2 2024 levels — driven by an apparent acquisition, with operating income rebounding to $157M after a two-quarter compression.
• Revenue jumped from $2,096M in Q3 2025 to $4,013M in Q1 2026, signaling a major acquisition or consolidation event in Q4 2025.
• Operating income recovered to $157M in Q1 2026 after falling to $74M in Q4 2025, though operating margin context requires watching scale-up costs.
• Operating cash flow expanded strongly from $52M in Q3 2024 to $399M in Q1 2026, the highest in the dataset.
• Total debt spiked from $300M in Q3 2025 to $2,343M in Q4 2025, a roughly 7x increase, reflecting acquisition financing.
⚠ Debt load at $2,344M in Q1 2026 versus $300M pre-acquisition — deleveraging pace and interest burden are critical to monitor.
⚠ Net income of $94M in Q1 2026 on $4,013M revenue implies thin margins; integration costs could pressure profitability further.
⚠ Sustained operating cash flow at $399M in Q1 2026 would support debt repayment — watch whether that level holds in coming quarters.
AI Insight: SANM Ratio Trends
Sanmina's Q4 2025 margin collapse to 2.3% operating / 1.6% net raises durability questions despite a partial Q1 2026 recovery.
• Operating margin peaked at 4.7% in Q2 2025 then cratered to 2.3% in Q4 2025 — the lowest in the observed period.
• Q1 2026 shows partial recovery: operating margin rebounded to 3.9% and ROA to 3.9% from Q4 2025 lows.
• ROIC swung dramatically — from 12.6% in Q4 2025 to 26.8% in Q1 2026, though limited data points make the trend hard to assess.
⚠ Q4 2025 net margin dropped to 1.6% — sharpest single-quarter decline observed. Confirm whether one-off or structural.
⚠ TTM operating margin of 3.6% sits well below the Q1–Q2 2025 run-rate of ~4.6–4.7%, signaling Q4 2025 still weighs on trailing results.
⚠ ROA recovery to 3.9% in Q1 2026 versus 2.0% in Q4 2025 warrants monitoring for sustained improvement over coming quarters.
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Available Research
13F Pro tracks comprehensive data for SANMINA CORP including:
Top Institutional Holders of SANM
BlackRock, Inc.
$1.1B8,592,515 shFMR LLC
$940.7M7,256,500 shVANGUARD PORTFOLIO MANAGEMENT LLC
$521.9M4,025,518 shInvesco Ltd.
$313.1M2,415,360 shVANGUARD CAPITAL MANAGEMENT LLC
$304.9M2,352,192 shDIMENSIONAL FUND ADVISORS LP
$282.2M2,177,163 shSTATE STREET CORP
$280.1M2,160,618 shGEODE CAPITAL MANAGEMENT, LLC
$198.6M1,531,350 shADVANCED MICRO DEVICES INC
$149.2M1,151,052 shBANK OF AMERICA CORP /DE/
$122.6M945,382 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1B | 8,592,515 |
| FMR LLC | $940.7M | 7,256,500 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $521.9M | 4,025,518 |
| Invesco Ltd. | $313.1M | 2,415,360 |
| VANGUARD CAPITAL MANAGEMENT LLC | $304.9M | 2,352,192 |
| DIMENSIONAL FUND ADVISORS LP | $282.2M | 2,177,163 |
| STATE STREET CORP | $280.1M | 2,160,618 |
| GEODE CAPITAL MANAGEMENT, LLC | $198.6M | 1,531,350 |
| ADVANCED MICRO DEVICES INC | $149.2M | 1,151,052 |
| BANK OF AMERICA CORP /DE/ | $122.6M | 945,382 |
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Popular Research
Is SANM a good stock to buy?
13F Pro's AI-powered analysis of SANMINA CORP (SANM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SANM are available on the SANM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SANM?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SANM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SANMINA CORP's investment landscape.