📊 SANM Key Takeaways
Is Sanmina Corp. (SANM) a Good Investment?
Sanmina exhibits concerning margin compression with net income declining 7.6% YoY despite 7.4% revenue growth, indicating deteriorating profitability. Structural profitability challenges are evident through razor-thin margins (1.5% net, 2.3% operating) and abysmal capital returns (1.9% ROE, 0.5% ROA), typical of commoditized contract manufacturing but unsustainable for shareholder value creation.
Why Buy Sanmina Corp. Stock? SANM Key Strengths
- Positive revenue growth of 7.4% YoY demonstrates market demand
- Positive free cash flow of $91.9M and strong operating cash flow of $178.7M support liquidity
- Moderate leverage (0.82x debt/equity) and adequate interest coverage (4.4x) provide financial stability
- Solid cash position of $1.4B with current ratio of 1.70x
SANM Stock Risks: Sanmina Corp. Investment Risks
- Severe margin compression: net income declining 7.6% while revenue grows 7.4%, signaling pricing power loss
- Structurally low profitability with 1.5% net margin and 2.3% operating margin leaves no cushion for downturns
- Appalling capital efficiency (1.9% ROE, 0.5% ROA) indicates capital is not being deployed productively
- High cyclicality and competitive intensity in printed circuit board manufacturing sector
Key Metrics to Watch
- Operating margin trend and gross margin expansion/compression
- Net income growth relative to revenue growth (currently diverging negatively)
- Return on equity and return on assets improvement
- Free cash flow sustainability and capital deployment decisions
Sanmina Corp. (SANM) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 2.9% FCF margin may limit capital allocation flexibility.
SANM Profit Margin, ROE & Profitability Analysis
SANM vs Market Sector: How Sanmina Corp. Compares
How Sanmina Corp. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Sanmina Corp. Stock Overvalued? SANM Valuation Analysis 2026
Based on fundamental analysis, Sanmina Corp. shows some fundamental concerns relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Sanmina Corp. Balance Sheet: SANM Debt, Cash & Liquidity
SANM Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Sanmina Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $5.18 reflects profitable operations.
SANM Revenue Growth, EPS Growth & YoY Performance
SANM Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $2.0B | $49.3M | $0.89 |
| Q3 2025 | $1.8B | $51.6M | $0.91 |
| Q2 2025 | $1.8B | $52.5M | $0.93 |
| Q1 2025 | $1.9B | $57.1M | $0.98 |
| Q3 2024 | $1.8B | $51.6M | $0.91 |
| Q2 2024 | $1.8B | $52.5M | $0.93 |
| Q1 2024 | $1.9B | $57.1M | $0.98 |
| Q3 2023 | $2.0B | $76.5M | $1.25 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Sanmina Corp. Dividends, Buybacks & Capital Allocation
SANM SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Sanmina Corp. (CIK: 0000897723)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SANM
What is the AI rating for SANM?
Sanmina Corp. (SANM) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SANM's key strengths?
Claude: Positive revenue growth of 7.4% YoY demonstrates market demand. Positive free cash flow of $91.9M and strong operating cash flow of $178.7M support liquidity.
What are the risks of investing in SANM?
Claude: Severe margin compression: net income declining 7.6% while revenue grows 7.4%, signaling pricing power loss. Structurally low profitability with 1.5% net margin and 2.3% operating margin leaves no cushion for downturns.
What is SANM's revenue and growth?
Sanmina Corp. reported revenue of $3.2B.
Does SANM pay dividends?
Sanmina Corp. does not currently pay dividends.
Where can I find SANM SEC filings?
Official SEC filings for Sanmina Corp. (CIK: 0000897723) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SANM's EPS?
Sanmina Corp. has a diluted EPS of $0.89.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is SANM a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Sanmina Corp. has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SANM stock overvalued or undervalued?
Valuation metrics for SANM: ROE of 1.9% (sector avg: 15%), net margin of 1.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy SANM stock in 2026?
Our dual AI analysis gives Sanmina Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SANM's free cash flow?
Sanmina Corp.'s operating cash flow is $178.7M, with capital expenditures of $86.8M. FCF margin is 2.9%.
How does SANM compare to other Market stocks?
Vs Default sector averages: Net margin 1.5% (avg: 12%), ROE 1.9% (avg: 15%), current ratio 1.70 (avg: 1.8).