SANMINA CORP
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SANM Q2 2026 request
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Income Statement
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | 4,013,271 | 1,984,080 | +102.3% |
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| CPS Third Party Revenue | 438,725 | 391,940 | +11.9% |
| IMS Third Party Revenue | 3,574,546 | 1,592,140 | +124.5% |
| Other Segments - CPS · Operating Segments | 461,094 | 411,068 | +12.2% |
| Reportable Segment - IMS · Operating Segments | 3,584,137 | 1,603,511 | +123.5% |
Show Geography breakouts |
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| Americas | 3,091,986 | 1,153,434 | +168.1% |
| Asia Pacific | 636,213 | 620,776 | +2.5% |
| EMEA | 285,072 | 209,870 | +35.8% |
Show End Market [Axis] breakouts |
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| Communications Networks and Cloud and AI Infrastructure | 2,770,803 | 732,862 | +278.1% |
| Industrial and Energy, Medical, Defense and Aerospace, and Automotive and Transportation | 1,242,468 | 1,251,218 | -0.7% |
Show Impact of Changes in Estimates [Axis] breakouts |
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| Favorable · Change In Accounting Method Accounted For As Change In Estimate | 5,498 | 4,881 | +12.6% |
| Unfavorable · Change In Accounting Method Accounted For As Change In Estimate | -1,475 | -1,497 | +1.5% |
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| Intersegment Elimination | -31,960 | -30,499 | -4.8% |
Show Business Acquisition breakouts |
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| ZT Systems | 1.9 | — | — |
Show Change In Accounting Estimate By Type breakouts |
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| Change In Accounting Method Accounted For As Change In Estimate | 4,023 | 3,384 | +18.9% |
| Cost of Revenue | 3,659,480 | 1,807,845 | +102.4% |
Show Business Segments breakouts |
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| Reportable Segment - IMS · Operating Segments | 3,268,274 | 1,468,133 | +122.6% |
| Gross Profit | 353,791 | 176,235 | +100.7% |
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| Other Segments - CPS · Operating Segments | 53,521 | 57,318 | -6.6% |
| Reportable Segment - IMS · Operating Segments | 306,271 | 124,007 | +147.0% |
| Selling, General & Administrative | 113,549 | 76,313 | +48.8% |
| Research & Development | 7,991 | 7,316 | +9.2% |
| Acquisition Integration And Others | 72,584 | — | — |
Show Business Acquisition breakouts |
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| ZT Systems | 73 | — | — |
| Amortization Of Intangible Assets | 1,865 | — | — |
| Restructuring Charges | 794 | 990 | -19.8% |
| Operating Expenses | 196,783 | 84,619 | +132.6% |
| Operating Income | 157,008 | 91,616 | +71.4% |
Show Impact of Changes in Estimates [Axis] breakouts |
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| Favorable · Change In Accounting Method Accounted For As Change In Estimate | 6,108 | 4,886 | +25.0% |
| Unfavorable · Change In Accounting Method Accounted For As Change In Estimate | -2,767 | -4,019 | +31.2% |
Show Change In Accounting Estimate By Type breakouts |
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| Change In Accounting Method Accounted For As Change In Estimate | 3,341 | 867 | +285.4% |
| Interest And Other Income | 8,433 | 3,723 | +126.5% |
| Interest Expense | 32,138 | 4,979 | +545.5% |
| Other Non-Operating Income (Expense) | -2,165 | -1,955 | -10.7% |
| Non-Operating Income (Expense) | -25,870 | -3,211 | -705.7% |
| Income Before Taxes | 131,138 | 88,405 | +48.3% |
| Income Tax Expense (Benefit) | 33,323 | 17,890 | +86.3% |
| Net Income | 97,815 | 70,515 | +38.7% |
| Net Income Loss Attributable To Noncontrolling Interest | 4,169 | 6,307 | -33.9% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 4,169 | 6,307 | -33.9% |
| Net Income | 93,646 | 64,208 | +45.8% |
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| Retained Earnings | 93,646 | 64,208 | +45.8% |
| EPS (Basic) | 1.72 | 1.18 | +45.8% |
| EPS (Diluted) | 1.7 | 1.16 | +46.6% |
| Wtd Avg Shares (Basic) | 54,331 | 54,405 | -0.1% |
| Wtd Avg Shares (Diluted) | 55,108 | 55,511 | -0.7% |
| Comprehensive Income | 104,087 | 65,933 | +57.9% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 16,566 | -2,134 | +876.3% |
Balance Sheet
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,575,517 | — | — |
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| Joint Venture with Reliance [Member] | 259 | — | — |
| Accounts And Other Receivables Net Current | 2,229,744 | 1,383,116 | +61.2% |
| Contract With Customer Asset Net Current | 473,144 | 384,629 | +23.0% |
| Inventory | 3,026,666 | — | — |
| Prepaid Expenses & Other Current Assets | 306,365 | 104,080 | +194.4% |
| Total Current Assets | 7,611,436 | 4,067,059 | +87.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 993,331 | 608,749 | +63.2% |
| Deferred Tax Assets | 326,415 | 155,685 | +109.7% |
| Goodwill | 358,783 | — | — |
| Other Non-Current Assets | 379,124 | 135,139 | +180.5% |
| Total Assets | 9,669,089 | 4,966,632 | +94.7% |
| Operating Lease Right-of-Use Assets | 238,658 | 68,790 | +246.9% |
| Current Liabilities | |||
| Accounts Payable | 2,508,961 | 1,351,087 | +85.7% |
| Other Liabilities Current | 312,473 | 125,655 | +148.7% |
| Deferred Revenue And Customer Advances | 1,231,292 | 443,983 | +177.3% |
| Employee Related Liabilities Current | 217,330 | 134,879 | +61.1% |
| Debt Current | 172,000 | 17,500 | +882.9% |
| Total Current Liabilities | 4,442,056 | 2,073,104 | +114.3% |
| Non-Current Liabilities | |||
| Long-Term Debt | 1,999,762 | 291,394 | +586.3% |
| Other Non-Current Liabilities | 615,462 | 206,564 | +198.0% |
| Liabilities Noncurrent | 2,615,224 | 497,958 | +425.2% |
| Long-Term Debt | 2,171,762 | — | — |
| Operating Lease Liabilities | 202,572 | 35,628 | +468.6% |
| Stockholders' Equity | |||
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 2,611,809 | 2,395,570 | +9.0% |
| Total Liabilities & Equity | 9,669,089 | 4,966,632 | +94.7% |
| Total Stockholders' Equity (Q) | — | — | — |
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| Accumulated Other Comprehensive Income | 84,983 | 66,430 | +27.9% |
| Common Stock Including Additional Paid In Capital | 6,754,366 | 6,607,981 | +2.2% |
| Retained Earnings | -2,318,647 | -2,578,261 | +10.1% |
| Treasury Stock Common | -2,100,788 | -1,877,658 | -11.9% |
Cash Flow Statement
| Metric | YTD Q2 2026 | YTD Q2 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 86,616 | 60,053 | +44.2% |
Show Business Segments breakouts |
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| Other Segments - CPS · Operating Segments | 20,179 | 18,508 | +9.0% |
| Reportable Segment - IMS · Operating Segments | 58,495 | 39,217 | +49.2% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 7,942 | 2,328 | +241.2% |
| Operating Segments | 78,674 | 57,725 | +36.3% |
| Stock-Based Compensation | 47,685 | 31,082 | +53.4% |
| Deferred Income Taxes | 46,397 | 4,534 | +923.3% |
| Amortization Of Inventory Fair Value Adjustment | 49,000 | — | — |
Show Business Acquisition breakouts |
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| ZT Systems · Acquisition Related Costs | 49 | — | — |
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 | 59,000 | — | — |
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 (Q) | — | — | — |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level3 · ZT Systems | 59 | — | — |
| Gain Loss On Sale Of Investments | -4,710 | — | — |
| Other Operating Activities Cash Flow Statement | 3,057 | -541 | +665.1% |
| Change in Accounts Receivable | 456,344 | -48,214 | +1046.5% |
| Increase Decrease In Contract With Customer Asset | -47,201 | -552 | -8450.9% |
| Change in Inventory | 206,119 | -105,066 | +296.2% |
| Change in Prepaid & Other Assets | -146,571 | 22,367 | -755.3% |
| Change in Accounts Payable | 46,724 | -95,801 | +148.8% |
| Increase Decrease In Deferred Revenue And Customer Advances | -86,645 | 228,430 | -137.9% |
| Increase Decrease In Other Operating Liabilities | -287,899 | -16,895 | -1604.0% |
| Net Cash from Operations | 577,486 | 220,796 | +161.5% |
| Investing Activities | |||
| Capital Expenditures | -143,552 | -47,796 | -200.3% |
| Payments To Acquire Businesses Net Of Cash Acquired | -1,356,933 | — | — |
| Proceeds From Sale And Maturity Of Other Investments | 8,710 | 49,309 | -82.3% |
| Other Investing Activities | 162 | 228 | -28.9% |
| Net Cash from Investing | -1,491,613 | -12,899 | -11463.8% |
| Financing Activities | |||
| Debt Repayments | -301,875 | -8,750 | -3350.0% |
| Proceeds From Issuance Of Long Term Debt | 2,200,000 | — | — |
| Proceeds From Lines Of Credit | 2,525 | 400,700 | -99.4% |
| Repayments Of Lines Of Credit | -2,525 | -400,700 | +99.4% |
| Debt Issuance Costs | -28,703 | — | — |
| Repurchases Of Common Stock Including Excise Tax | -239,244 | -100,453 | -138.2% |
| Tax Withholding for Share Compensation | -56,075 | -37,655 | -48.9% |
| Net Cash from Financing | 1,574,103 | -146,858 | +1171.9% |
| Supplemental | |||
| Interest Paid | 43,766 | 8,613 | +408.1% |
| Income Taxes Paid | 63,030 | 35,051 | +79.8% |
| Unpaid Capital Expenditures | 62,952 | 22,298 | +182.3% |
| Stock Issued1 | 155,346 | — | — |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -412 | -179 | -130.2% |
| Net Change in Cash | 659,564 | 60,860 | +983.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,625,784 | 686,720 | +136.7% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.