SANM
Sanmina Corporation
SANM's fundamentals are strong: revenue grew 59% and free cash flow grew 63%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
SANM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
SANM's revenue, profitability, cash flow and balance sheet are all currently healthy.
SANM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $57.00 | -65% |
| Fair | 16x | $90.68 | -45% |
| Current | 24x | $164 | — |
| Expensive | 25x | $139 | -16% |
Historical ranges are pointers, not guarantees.
SANM's PE is 24x, but its earnings don't support one, so it isn't a reliable read right now.
SANM Forward outlook
There aren't enough analyst estimates for SANM to show an outlook.
SANM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $5.59 | +20% |
| Q1 2026 | $4.73 | +9.5% |
| Q4 2025 | $4.19 | +2.4% |
| Q3 2025 | $4.46 | +14% |
| Q2 2025 | $4.67 | +21% |
| Q1 2025 | $4.32 | +2.4% |
| Q4 2024 | $4.09 | -11% |
| Q3 2024 | $3.91 | -25% |
SANM earned $5.59 per share over the past year, up 20% from the year before.
SANM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.5B | +70% |
| Q1 2026 | $4B | +102% |
| Q4 2025 | $3.2B | +59% |
| Q3 2025 | $2.1B | +3.9% |
| Q2 2025 | $2B | +11% |
| Q1 2025 | $2B | +8.1% |
| Q4 2024 | $2B | +7% |
| Q3 2024 | $2B | -1.7% |
SANM's revenue has grown year over year for seven quarters in a row: $3.5B last quarter, up 70% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.4% | +1.7 points |
| Q1 2026 | 3.9% | -0.7 points |
| Q4 2025 | 2.3% | -2.1 points |
| Q3 2025 | 3.7% | -0.7 points |
| Q2 2025 | 4.7% | +0.2 points |
| Q1 2025 | 4.6% | +0.5 points |
| Q4 2024 | 4.4% | -0.3 points |
| Q3 2024 | 4.4% | -0.4 points |
SANM's operating margin was 6.4% last quarter, up 1.7 points from the same quarter a year ago, near the top of its range since 2019.
SANM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $23.6M | -86% |
| Q1 2026 | $342M | +171% |
| Q4 2025 | $91.9M | +96% |
| Q3 2025 | $136.6M | +401% |
| Q2 2025 | $163.7M | +143% |
| Q1 2025 | $126.1M | +195% |
| Q4 2024 | $46.9M | -49% |
| Q3 2024 | $27.2M | -30% |
SANM generated $594M in free cash flow over the past year, up 63% from the year before.
SANM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +25K shares |
| 1 year | +1.2% | +640K shares |
| 3 years | -7.5% | -4.5M shares |
| 5 years | -18% | -12.2M shares |
| Available history | -23% | -16.5M shares |
SANM has 55M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | $13.5M |
| Q4 2022 | $8M |
| Q3 2022 | $24.3M |
| Q2 2022 | $124.4M |
| Q1 2022 | $113.5M |
| Q4 2021 | $68.8M |
| Q3 2021 | $32.6M |
| Q2 2021 | $16.4M |
SANM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
| Q3 2024 | -0.7x | Net Cash |
SANM's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SANM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 20.6 | Neutral |
SANM's weekly RSI is 44 (neutral) and its Stochastic is 21 (neutral).
SANM PE vs Technology Sector
| Metric | SANM | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 28x | 14% below |
| PE % | 82 | 35 | 47 pts above |
SANM is trading at 24x earnings, a 14% discount to the Technology sector's median of 28x, though its earnings don't support one.
SANM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $183.4 | 10% below |
| 20 week MA | $194.9 | 16% below |
| 50 week MA | $185.5 | 11% below |
| 100 week MA | $142.9 | 15% above |
| 200 week MA | $101.8 | 62% above |
SANM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 62% above its 200-week average.
SANM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.2 | $32.3 | -5.4% |
| 2021 | $32.3 | $40.6 | +26% |
| 2022 | $40.6 | $58.4 | +44% |
| 2023 | $58.4 | $51.4 | -12% |
| 2024 | $51.4 | $76.6 | +49% |
| 2025 | $76.6 | $154.3 | +101% |
| 2026 YTD | $154.3 | $164.5 | +6.6% |
SANM has finished higher in four of the last six years. It's up 6.6% so far in 2026.