SANMINA CORP

SANM 10-Q · Q2 2026

SANM Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 4,013,271 1,984,080 +102.3%
Show Business Segments breakouts
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
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
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
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%
Show Consolidation Items breakouts
Intersegment Elimination -31,960 -30,499 -4.8%
Show Business Acquisition breakouts
ZT Systems 1.9
Show Change In Accounting Estimate By Type breakouts
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
Reportable Segment - IMS · Operating Segments 3,268,274 1,468,133 +122.6%
Gross Profit 353,791 176,235 +100.7%
Show Business Segments breakouts
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
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
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
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
Noncontrolling Interest 4,169 6,307 -33.9%
Net Income 93,646 64,208 +45.8%
Show Equity Components breakouts
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

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 1,575,517
Show Business Acquisition breakouts
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)
Show Equity Components breakouts
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

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
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
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
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
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.

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