Sanmina (SANM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Sanmina

NasdaqGS•Technology•Electronic Components

$216.00+12.69(0.06%)Market closed

Market Cap

$11.63B

P/E

37.8x

P/S

0.9x

P/B

4.2x

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engaging in the manufacture of components, subassemblies, and complete systems; and direct order fulfilment and logistics services. In addition, the company provides components, such as printed circuit boards, backplane fabrication and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud infrastructure industries. The company was formerly known as Sanmina-SCI Corp. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Growth (25/25); weakest: Profitability (12/25).

Profitability12/25

Growth25/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.8x5y range 12.4x – 37.8x

Currently above its 20-quarter median.

P/S · 0.9x5y range 0.4x – 0.9x

Currently above its 20-quarter median.

P/B · 4.2x5y range 1.6x – 4.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 10.0% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Watch

Debt-to-equity has risen 511.2% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $11.63B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $12.76B
Q. Revenue: $3.46B
TTM EBITDA: $752.73M
TTM Op. Income: $530.30M
Q. Op. Income: $221.22M
TTM Net Income: $308.13M
Q. Net Income: $117.13M
EPS: $2.17
Shares Out.: $53.86M

$12.76B in TTM revenue grew 58.6% YoY, reaching $3.46B last quarter. TTM EBITDA of $752.73M and TTM operating income of $530.30M show growth is flowing through to the bottom line. TTM net income of $308.13M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 10.5%
EBITDA Margin: 7.8%
Op. Margin: 6.4%
Net Margin: 3.4%

Op. margin of 6.4% is up 1.7% YoY — cost efficiency is improving. Net margin at 3.4% and gross margin of 10.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.8x
P/S Ratio: 0.9x
P/B Ratio: 4.2x

At 37.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.9x and P/B of 4.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 86% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $9.74B
Cash: $1.84B
Long-Term Debt: $1.96B
Book Value: $2.76B
D/E Ratio: 0.7
Debt/EBITDA: 7.3

With $9.74B in assets and $1.96B in long-term debt, D/E is 0.7and book value is $2.76B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 511% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $124.49M
TTM Free Cash Flow: $594.15M
FCF Margin: 4.7%
FCF / Net Income: 1.9

TTM FCF of $594.15M on $124.49M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 63% — a weakening trend.