Sanmina Corporation (SANM) Financial Statements

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Sanmina financial statements at a glance

Sanmina reported revenue of $8.13 billion for fiscal year 2025 (ended September 30, 2025), up 7.4% from fiscal year 2024. Net income was $245.89 million, a net margin of 3.0%, and diluted earnings per share were $4.46.

At the end of fiscal year 2025 it had total assets of $5.86 billion, total liabilities of $3.32 billion and shareholders' equity of $2.35 billion, with cash and short-term investments of $926.27 million and total debt of $300.47 million.

Its operations brought in $620.66 million of cash; capital spending was $147.36 million, leaving free cash flow of $473.30 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended September 30, 2025.

SANM logo

Sanmina Corporation

SANMUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
8.13B
Prev Year: 7.57B
YoY: +7.4%
Operating Revenue
8.13B
Prev Year: 7.57B
YoY: +7.4%
Total Unusual Items
-40.48M
Prev Year: -10.23M
YoY: -295.8%
Normalized EBITDA
519.53M
Prev Year: 479.36M
YoY: +8.4%
Tax Rate for Calcs
0.216
Prev Year: 0
Tax Effect of Unusual Items
-8.73M
Prev Year: -2.57M
YoY: -239.5%
Diluted NI Available to Com Stockholders
245.89M
Prev Year: 222.54M
YoY: +10.5%
Other Income Expense
-51.33M
Prev Year: -11.44M
YoY: -348.5%
Other Non-operating Income (expense)
-10.84M
Prev Year: -1.22M
YoY: -791.8%
Special Income Charges
-40.48M
Prev Year: -10.23M
YoY: -295.8%
Restructuring and Mergers Acquisition
40.48M
Prev Year: 10.23M
YoY: +295.8%
Cost of Revenue
7.41B
Prev Year: 6.93B
YoY: +7.0%
Gross Profit
716.36M
Prev Year: 640.43M
YoY: +11.9%
Operating Expense
321.31M
Prev Year: 294.71M
YoY: +9.0%
Selling General and Administrative
290.22M
Prev Year: 266.19M
YoY: +9.0%
Research and Development
31.09M
Prev Year: 28.51M
YoY: +9.0%
Operating Income
395.05M
Prev Year: 345.72M
YoY: +14.3%
Net Non Operating Interest Income Expense
-4.30M
Prev Year: -16.74M
YoY: +74.3%
Non-operating Interest Income
15.86M
Prev Year: 12.44M
YoY: +27.5%
Non-operating Interest Expense
20.15M
Prev Year: 29.18M
YoY: -30.9%
Pre-tax Income
339.43M
Prev Year: 317.54M
YoY: +6.9%
Provision for Income Taxes
73.17M
Prev Year: 79.78M
YoY: -8.3%
Net Income Common Stockholders
245.89M
Prev Year: 222.54M
YoY: +10.5%
Net Income
245.89M
Prev Year: 222.54M
YoY: +10.5%
Net Income Including Non-Controlling Interests
266.26M
Prev Year: 237.75M
YoY: +12.0%
Net Income from Continuing Operations
266.26M
Prev Year: 237.75M
YoY: +12.0%
Noncontrolling Interests
-20.37M
Prev Year: -15.21M
YoY: -33.9%
Basic EPS
4.56
Prev Year: 4
YoY: +14.0%
Diluted EPS
4.46
Prev Year: 3.91
YoY: +14.1%
Weighted Average Shares (basic)
53.95M
Prev Year: 55.59M
YoY: -3.0%
Weighted Average Shares (diluted)
55.18M
Prev Year: 56.97M
YoY: -3.1%
Total Operating Income as Reported
354.57M
Prev Year: 335.49M
YoY: +5.7%
Total Expenses
7.73B
Prev Year: 7.22B
YoY: +7.1%
Net Income from Continuing and Discontinued Operation
245.89M
Prev Year: 222.54M
YoY: +10.5%
Normalized Income
277.65M
Prev Year: 230.19M
YoY: +20.6%
Interest Income
15.86M
Prev Year: 12.44M
YoY: +27.5%
Interest Expense
20.15M
Prev Year: 29.18M
YoY: -30.9%
Net Interest Income
-4.30M
Prev Year: -16.74M
YoY: +74.3%
EBIT
359.58M
Prev Year: 346.72M
YoY: +3.7%
EBITDA
479.05M
Prev Year: 469.14M
YoY: +2.1%
Reconciled Cost of Revenue
7.41B
Prev Year: 6.93B
YoY: +7.0%
Reconciled Depreciation
119.47M
Prev Year: 122.42M
YoY: -2.4%
Net Income from Continuing Operation Net Minority Interest
245.89M
Prev Year: 222.54M
YoY: +10.5%
Total Unusual Items Excluding Goodwill
-40.48M
Prev Year: -10.23M
YoY: -295.8%
Values in USD

Sanmina key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$8.1B$7.6B$8.9B$7.9B$6.7B
Gross profit$716.4M$640.4M$743.2M$622.2M$526.4M
Operating income$395.0M$345.7M$461.7M$356.3M$271.0M
Net income$245.9M$222.5M$310.0M$240.4M$249.5M
Diluted EPS$4.46$3.91$5.18$4.06$4.01
Total assets$5.9B$4.8B$4.9B$4.8B$4.2B
Total liabilities$3.3B$2.5B$2.6B$3.0B$2.4B
Shareholders' equity$2.4B$2.2B$2.2B$1.8B$1.9B
Cash and short-term investments$926.3M$625.9M$667.6M$529.9M$650.0M
Total debt$300.5M$317.3M$338.3M$346.7M$330.3M
Operating cash flow$620.7M$340.2M$235.2M$330.9M$338.3M
Capital spending$147.4M$111.2M$191.4M$138.6M$73.3M
Free cash flow$473.3M$229.0M$43.8M$192.2M$265.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Sanmina's revenue in fiscal year 2025?

$8.13 billion, up 7.4% from $7.57 billion in fiscal year 2024.

How much profit does Sanmina make?

Sanmina reported net income of $245.89 million for fiscal year 2025 (3.0% of revenue); operating income was $395.05 million.

How much cash and debt does Sanmina have?

At the end of fiscal year 2025: cash and short-term investments of $926.27 million and total debt of $300.47 million.

What is Sanmina's free cash flow?

$473.30 million in fiscal year 2025 (operating cash flow of $620.66 million minus capital spending of $147.36 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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