{"success":true,"data":{"pressRelease":{"id":"99529","rtpr_id":"nPnX3YJMa","ticker":"SANM","exchange":"NASDAQ","all_tickers":["SANM"],"title":"Sanmina Reports Third Quarter Fiscal 2026 Financial Results","author":"PR Newswire","published_at":"2026-07-27T20:01:00.264Z","article_body":"Sanmina Reports Third Quarter Fiscal 2026 Financial Results\n\nPR Newswire\n\nSAN JOSE, Calif., July 27, 2026\n\nSAN JOSE, Calif., July 27, 2026 /PRNewswire/ -- Sanmina Corporation (\"Sanmina\"\nor the \"Company\") (NASDAQ: SANM), a leading integrated manufacturing solutions\ncompany, today reported financial results for the third quarter ended June 27,\n2026 and outlook for its fourth fiscal quarter ending October 3, 2026.\n\nThird Quarter Fiscal 2026 Financial Highlights\n\n * Revenue: $3.46 billion\n * GAAP operating margin: 6.4%\n * GAAP diluted EPS: $2.12\n * Non-GAAP((1)) operating margin: 8.0%\n * Non-GAAP((1)) diluted EPS: $3.31\nAdditional Highlights\n\n * Cash flow from operations: $124 million\n * Free cash flow((2)): $24 million\n * Ending cash and cash equivalents: $1.84 billion ((1))  See Schedule 1 below for information regarding the items excluded from and our\n        use of non-GAAP financial measures. A reconciliation of the non-GAAP financial\n        information contained in this release to their most directly comparable GAAP\n        measures is included in the financial statements furnished with this release.\n ((2))  Free cash flow is defined as net cash provided by operating activity adjusted\n        for net purchases of property and equipment. See Condensed Consolidated Cash\n        Flow Statement included in the financial statements furnished with this\n        release.\n\n\"We delivered another great quarter. Revenue was at the high end of our\noutlook, while non-GAAP operating margin and non-GAAP diluted EPS exceeded our\noutlook,\" stated Jure Sola, Chairman and CEO of Sanmina Corporation.\n\n\"During the quarter, we secured more customer orders in both core Sanmina and\nZT Systems, expanded our capabilities, increased capacity and made progress in\nachieving additional synergies through vertical integration. We have\nestablished a strong foundation and continue to make strategic investments to\nsupport future growth. As momentum builds across our business, we see strong\ndemand for fiscal 2027, with growth ramping throughout the year and into\nfiscal 2028.\"\n                                  Fourth Quarter Fiscal 2026 Outlook\n Revenue:                         $3.3 billion - $3.6 billion\n Non-GAAP operating margin((3)):  7.5% - 8.0%\n Non-GAAP diluted EPS((3)):       $3.05 - $3.35\n\n                                  Fiscal 2026 Outlook\n                                  Prior                                   Updated\n Revenue:                         $13.7 billion - $14.3 billion           $14.0 billion - $14.3 billion\n Non-GAAP operating margin((3)):  6.3% - 6.6%                             6.85% - 7.25%\n Non-GAAP diluted EPS((3)):       $10.75 - $11.35                         $11.90 - $12.20\n\n ((3))  This is a forward-looking non-GAAP financial measure that cannot be reconciled\n        to its equivalent GAAP financial measure without unreasonable effort.\n\nSafe Harbor Statement\nThe statements above relating to anticipated demand during fiscal 2027 and\ninto fiscal 2028, and our financial outlook for the fourth quarter fiscal 2026\nand fiscal year 2026, constitute forward-looking statements within the meaning\nof the safe harbor provisions of Section 21E of the Securities Exchange Act of\n1934. Actual results could differ materially from those projected in these\nstatements as a result of a number of factors, including the risk that the\nintegration of and expected benefits from the ZT Systems acquisition may not\nbe realized or may take longer to realize than anticipated; adverse changes in\nthe key markets we target, in particular the cloud and AI infrastructure\nsectors; the impact of recent or future changes in tariffs and trade policy,\nwhich may adversely affect our costs, supply chain, and customer demand; our\nreliance on a limited number of customers for a substantial portion of our\nsales; risks arising from our international operations and expansion into new\ngeographic markets; geopolitical uncertainty, including relating to the\nconflict in the Middle East, and the other risk factors set forth in the\nCompany's annual and quarterly reports filed with the Securities Exchange\nCommission.\n\nThe Company is under no obligation to (and expressly disclaims any such\nobligation to) update or alter any of the forward-looking statements made in\nthis earnings release, the conference call or the Investor Relations section\nof our website whether as a result of new information, future events or\notherwise, unless otherwise required by law.\n\nCompany Conference Call Information\nSanmina will hold a conference call to review its financial results for the\nthird quarter and outlook for the fourth quarter of fiscal 2026 on Monday,\nJuly 27, 2026 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic\n800-836-8184 and international 646-357-8785. The conference call will also be\nwebcast live over the Internet. You can log on to the live webcast at Q3'26\nEarnings\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=2824367645&u=https%3A%2F%2Fir.sanmina.com%2Foverview%2Fdefault.aspx&a=Q3%2726+Earnings)\n. Additional information in the form of a slide presentation is available on\nSanmina's website at www.sanmina.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=874202912&u=http%3A%2F%2Fwww.sanmina.com%2F&a=www.sanmina.com)\n.  A replay of the conference call will be available for 48-hours. The access\nnumbers are: domestic 888-660-6345 and international 646-517-4150, access code\nis 70899#.\n\nAbout Sanmina\nSanmina Corporation, a Fortune 500 company, is a leading integrated\nmanufacturing solutions provider serving the fastest growing segments of the\nglobal Electronics Manufacturing Services (EMS) market. Recognized as a\ntechnology leader, Sanmina provides end-to-end manufacturing solutions,\ndelivering superior quality and support to Original Equipment Manufacturers\n(OEMs) primarily in the industrial and energy, medical, defense and aerospace,\nautomotive and transportation, communications networks, and cloud and AI\ninfrastructure markets. Sanmina has facilities strategically located in key\nregions throughout the world. More information about the Company is available\nat www.sanmina.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=874202912&u=http%3A%2F%2Fwww.sanmina.com%2F&a=www.sanmina.com)\n.\n\nSanmina Contact\nPaige Melching\nSVP, Investor Communications\n408-964-3610\n\nLogo -\nhttps://mmx.prnewswire.com/media/1992091/SANMINA_CORPORATION_LOGO-2024.jpg\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=1509343149&u=https%3A%2F%2Fmmx.prnewswire.com%2Fmedia%2F1992091%2FSANMINA_CORPORATION_LOGO-2024.jpg&a=https%3A%2F%2Fmmx.prnewswire.com%2Fmedia%2F1992091%2FSANMINA_CORPORATION_LOGO-2024.jpg)\n\n \n Sanmina Corporation\n Condensed Consolidated Balance Sheets\n (in thousands)\n (GAAP)\n (Unaudited)\n\n                                                               June 27,                September 27,\n                                                               2026                    2025\n ASSETS\n Current assets:\n Cash and cash equivalents                                     $     1,844,942         $        926,267\n Accounts receivable, net                                      1,986,682               1,400,129\n Contract assets                                               522,364                 425,944\n Inventories                                                   3,152,247               1,988,462\n Prepaid expenses and other current assets                     322,179                 124,656\n Total current assets                                          7,828,414               4,865,458\n Property, plant and equipment, net                            1,051,414               682,354\n Deferred income tax assets                                    320,224                 171,218\n Goodwill                                                      121,889                 30,386\n Other assets                                                  417,793                 108,757\n Total assets                                                  $     9,739,734         $     5,858,173\n LIABILITIES AND STOCKHOLDERS' EQUITY\n Current liabilities:\n Accounts payable                                              $     2,452,745         $     1,578,895\n Accrued liabilities                                           366,525                 179,605\n Deferred revenue and customer advances                        1,149,752               878,474\n Accrued payroll and related benefits                          212,858                 167,541\n Short-term debt, including current portion of long-term debt  215,000                 17,500\n Total current liabilities                                     4,396,880               2,822,015\n Long-term liabilities:\n Long-term debt                                                1,957,310               282,974\n Other liabilities                                             625,919                 214,021\n Total long-term liabilities                                   2,583,229               496,995\n\n Stockholders' equity                                          2,759,625               2,539,163\n Total liabilities and stockholders' equity                    $     9,739,734         $     5,858,173\n\n \n Sanmina Corporation\n Condensed Consolidated Statements of Income\n (in thousands, except per share amounts)\n (GAAP)\n (Unaudited)\n\n                                                                    Three Months Ended                                           Nine Months Ended\n                                                                    June 27,                          June 28,                   June 27,                           June 28,\n                                                                    2026                              2025                       2026                               2025\n\n Net sales                                                          $   3,464,016                     $   2,041,562              $  10,666,980                      $   6,031,990\n Cost of sales                                                      3,100,711                         1,860,512                  9,707,522                          5,506,790\n Gross profit                                                       363,305                           181,050                    959,458                            525,200\n\n Operating expenses:\n Selling, general and administrative                                109,331                           69,542                     337,766                            216,700\n Research and development                                           8,267                             8,078                      24,916                             22,418\n Acquisition, integration and others                                21,075                            7,080                      137,022                            7,080\n Amortization of intangibles                                        1,831                             —                          4,883                              —\n Restructuring                                                      1,576                             473                        3,040                              2,899\n Total operating expenses                                           142,080                           85,173                     507,627                            249,097\n\n Operating income                                                   221,225                           95,877                     451,831                            276,103\n\n Interest income                                                    9,800                             4,200                      26,291                             11,319\n Interest expense                                                   (32,464)                          (4,981)                    (89,324)                           (14,961)\n Other income (expense), net                                        (6,809)                           (3,686)                    (4,326)                            (6,370)\n Interest and other, net                                            (29,473)                          (4,467)                    (67,359)                           (10,012)\n\n Income before income taxes                                         191,752                           91,410                     384,472                            266,091\n Provision for income taxes                                         66,444                            18,522                     109,594                            51,804\n Net income before noncontrolling interest                          125,308                           72,888                     274,878                            214,287\n      Less: Net income attributable to noncontrolling interest      8,179                             4,272                      14,817                             16,460\n Net income attributable to common shareholders                     $      117,129                    $        68,616            $       260,061                    $      197,827\n\n Net income attributable to common shareholders per share:\n Basic                                                              $            2.17                 $            1.28          $             4.81                 $            3.66\n Diluted                                                            $            2.12                 $            1.26          $             4.71                 $            3.58\n\n Weighted-average shares used in computing per share amounts:\n Basic                                                              53,861                            53,614                     54,118                             54,074\n Diluted                                                            55,133                            54,493                     55,254                             55,285\n\n \n Sanmina Corporation\n Reconciliation of GAAP to Non-GAAP Measures\n (in thousands, except per share amounts)\n (Unaudited)\n                                                                                                    Three Months Ended\n                                                                                                    June 27,                              March 28,                             June 28,\n                                                                                                    2026                                  2026                                  2025\n\n GAAP Operating income                                                                              $     221,225                         $     157,008                         $      95,877\n                                     GAAP Operating margin                                          6.4 %                                 3.9 %                                 4.7 %\n Adjustments:\n                                     Stock compensation expense (1)                                 24,817                                24,066                                16,081\n                                     Amortization of intangible assets (2)                          2,431                                 2,332                                 —\n                                     Acquisition, integration and others (3)                        21,075                                72,584                                7,080\n                                     Legal (4)                                                      4,650                                 —                                     —\n                                     Restructuring and other                                        1,576                                 794                                   (3,335)\n Non-GAAP Operating income                                                                          $     275,774                         $     256,784                         $     115,703\n                                     Non-GAAP Operating margin                                      8.0 %                                 6.0 %                                 5.7 %\n\n GAAP Net income attributable to common shareholders                                                $     117,129                         $       93,646                        $      68,616\n Adjustments:\n                                     Operating income adjustments (see above)                       54,549                                99,776                                19,826\n                                     Adjustments for taxes (5)                                      11,025                                (19,497)                              (4,849)\n Non-GAAP Net income attributable to common shareholders                                            $     182,703                         $     173,925                         $      83,593\n\n GAAP Net income attributable to common shareholders per share:\n                                     Basic                                                          $           2.17                      $           1.72                      $          1.28\n                                     Diluted                                                        $           2.12                      $           1.70                      $          1.26\n Non-GAAP Net income attributable to common shareholders per share:\n                                     Basic                                                          $           3.39                      $           3.20                      $          1.56\n                                     Diluted                                                        $           3.31                      $           3.16                      $          1.53\n Weighted-average shares used in computing per share amounts:\n                                     Basic                                                          53,861                                54,331                                53,614\n                                     Diluted                                                        55,133                                55,108                                54,493\n\n (1)                                 Stock compensation expense\n                                     Cost of sales                                                  $         6,542                       $         5,535                       $        4,956\n                                     Selling, general and administrative                            17,922                                18,127                                10,811\n                                     Research and development                                       353                                   404                                   314\n                                     Total                                                          $       24,817                        $       24,066                        $      16,081\n\n (2)                                 Relates to amortization of intangible assets acquired from the ZT acquisition.\n\n (3)                                 Q3'26 and Q2'26 results include a $13M and $59M fair value adjustment to\n                                     contingent consideration, respectively, alongside certain\n                                     employee compensation and professional services related to the ZT acquisition.\n\n (4)                                 Represents expense recorded in connection with the settlement in principle of\n                                     a legal matter.\n\n (5)                                 Adjustments for taxes include the tax effects of the various adjustments we\n                                     exclude from our non-GAAP measures, and adjustments\n                                     related to deferred tax and discrete tax items.\n\n \n Sanmina Corporation\n Condensed Consolidated Cash Flow\n (in thousands)\n (GAAP)\n (Unaudited)\n\n                                                                          Three Months Ended                                        Nine Months Ended\n                                                                          June 27,                         June 28,                 June 27,                      June 28,\n                                                                          2026                             2025                     2026                          2025\n\n Net income before noncontrolling interest                                $       125,308                  $       72,888           $      274,878                $      214,287\n Depreciation and intangibles amortization                                48,201                           29,760                   134,817                       89,813\n Amortization of inventory fair value adjustment                          —                                —                        49,000                        —\n Deferred income taxes                                                    8,579                            2,456                    54,976                        6,990\n Change in fair value of contingent consideration                         13,000                           —                        72,000                        —\n Other, net                                                               26,606                           11,380                   72,638                        41,921\n Net change in net working capital                                        (97,203)                         84,298                   43,668                        68,567\n Cash provided by operating activities                                    124,491                          200,782                  701,977                       421,578\n\n Purchases of investments                                                 —                                (60)                     —                             (14,700)\n Proceeds from sales of investments                                       —                                —                        8,710                         49,309\n Net purchases of property, plant and equipment                           (100,806)                        (32,604)                 (244,196)                     (80,172)\n Cash paid for business acquisition, net of cash acquired and working     242,781                          —                        (1,114,152)                   —\n capital settlement received\n Cash provided by (used in) investing activities                          141,975                          (32,664)                 (1,349,638)                   (45,563)\n\n Proceeds from long-term debt                                             —                                —                        2,200,000                     —\n Repayment of borrowings                                                  —                                (4,375)                  (301,875)                     (13,125)\n Repurchases of common stock                                              —                                (13,491)                 (239,244)                     (113,944)\n Payments for tax withholding on stock-based compensation                 (3,527)                          (892)                    (59,602)                      (38,547)\n Debt issuance costs                                                      (638)                            —                        (29,341)                      —\n Cash provided by (used in) financing activities                          (4,165)                          (18,758)                 1,569,938                     (165,616)\n\n Effect of exchange rate changes                                          (866)                            1,640                    (1,278)                       1,461\n\n Net change in cash, cash equivalents and restricted cash equivalents     $       261,435                  $      151,000           $      920,999                $      211,860\n\n Free cash flow:\n Cash provided by operating activities                                    $       124,491                  $      200,782           $      701,977                $      421,578\n Net purchases of property, plant and equipment                           (100,806)                        (32,604)                 (244,196)                     (80,172)\n                                                                          $         23,685                 $      168,178           $      457,781                $      341,406\n\nSchedule 1\n\nThe statements above and financial information provided in this earnings\nrelease include non-GAAP measures of operating income, operating margin, net\nincome and earnings per share. Management excludes from these measures\nstock-based compensation, restructuring, acquisition and integration expenses,\nimpairment charges, amortization charges and other unusual or infrequent\nitems, as adjusted for taxes, as more fully described below.\n\nManagement excludes these items principally because such charges or benefits\nare not directly related to the Company's ongoing core business operations. We\nuse such non-GAAP measures in order to (1) make more meaningful\nperiod-to-period comparisons of the Company's operations, both internally and\nexternally, (2) guide management in assessing the performance of the business,\ninternally allocating resources and making decisions in furtherance of\nCompany's strategic plan, (3) provide investors with a better understanding of\nhow management plans and measures the business and (4) provide investors with\na better understanding of our ongoing, core business. The material limitations\nto management's approach include the fact that the charges, benefits and\nexpenses excluded are nonetheless charges, benefits and expenses required to\nbe recognized under GAAP and, in some cases, consume cash which reduces the\nCompany's liquidity. Management compensates for these limitations primarily by\nreviewing GAAP results to obtain a complete picture of the Company's\nperformance and by including a reconciliation of non-GAAP results to GAAP\nresults in its earnings releases.\n\nAdditional information regarding the economic substance of each exclusion,\nmanagement's use of the resultant non-GAAP measures, the material limitations\nof management's approach and management's methods for compensating for such\nlimitations is provided below.\n\nStock-based Compensation Expense, which consists of non-cash charges for the\nestimated fair value of equity awards granted to employees and directors, is\nexcluded in order to permit more meaningful period-to-period comparisons of\nthe Company's results since the Company grants different amounts and value of\nequity awards each quarter. In addition, given the fact that competitors grant\ndifferent amounts and types of equity awards and may use different valuation\nassumptions, excluding stock-based compensation permits more accurate\ncomparisons of the Company's core results with those of its competitors.\n\nRestructuring, Acquisition, Integration and Other Expenses, which consist of\nemployee severance, lease termination costs, exit costs, environmental\ninvestigation, remediation and related employee costs and other charges\nprimarily related to closing and consolidating manufacturing facilities, and\nthose associated with the acquisition, integration and other expenses of\nacquired businesses including fair value adjustments related to contingent\nconsideration liability, are excluded because such charges (1) can be driven\nby the timing of acquisitions and exit activities which are difficult to\npredict, (2) are not directly related to ongoing business results and (3)\ngenerally do not reflect expected future operating expenses. In addition,\ngiven the fact that the Company's competitors complete acquisitions and adopt\nrestructuring plans at different times and in different amounts than the\nCompany, excluding these charges or benefits permits more accurate comparisons\nof the Company's core results with those of its competitors. Items excluded by\nthe Company may be different from those excluded by the Company's competitors\nand restructuring and integration expenses include both cash and non-cash\nexpenses. Cash expenses reduce the Company's liquidity. Therefore, management\nalso reviews GAAP results including these amounts.\n\nImpairment Charges for Goodwill and Other Assets, which consist of non-cash\ncharges, are excluded because such charges are non-recurring and do not reduce\nthe Company's liquidity. In addition, given the fact that the Company's\ncompetitors may record impairment charges at different times, excluding these\ncharges permits more accurate comparisons of the Company's core results with\nthose of its competitors.\n\nAmortization Charges, which consist of non-cash charges impacted by the timing\nand magnitude of acquisitions of businesses or assets, are also excluded\nbecause such charges do not reduce the Company's liquidity. In addition, such\ncharges can be driven by the timing of acquisitions, which is difficult to\npredict. Excluding these charges permits more accurate comparisons of the\nCompany's core results with those of its competitors because the Company's\ncompetitors complete acquisitions at different times and for different amounts\nthan the Company.\n\nOther Unusual or Infrequent Items, such as charges or benefits associated with\ndistressed customers, expenses, charges and recoveries relating to certain\nlegal matters, and gains and losses on sales of assets, are excluded because\nsuch items are typically non-recurring, difficult to predict or not directly\nrelated to the Company's ongoing or core operations and are therefore not\nconsidered by management in assessing the current operating performance of the\nCompany and forecasting earnings trends. However, items excluded by the\nCompany may be different from those excluded by the Company's competitors. In\naddition, these items include both cash and non-cash expenses. Cash expenses\nreduce the Company's liquidity. Management compensates for these limitations\nby reviewing GAAP results including these amounts.\n\nAdjustments for Taxes, which consist of the tax effects of the various\nadjustments that we exclude from our non-GAAP measures and adjustments related\nto deferred tax and discrete tax items. Including these adjustments permits\nmore accurate comparisons of the Company's core results with those of its\ncompetitors. We determine the tax adjustments based upon the various\napplicable effective tax rates. In those jurisdictions in which we do not\nexpect to realize a tax cost or benefit (due to a history of operating losses\nor other factors), a reduced tax rate is applied.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/sanmina-reports-third-quarter-fiscal-2026-financial-results-302835530.html\n(https://www.prnewswire.com/news-releases/sanmina-reports-third-quarter-fiscal-2026-financial-results-302835530.html)\n\nSOURCE Sanmina Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/1992091/SANMINA_CORPORATION_LOGO-2024.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnX3YJMa","title":"Sanmina Reports Third Quarter Fiscal 2026 Financial Results","author":"PR Newswire","ticker":"SANM","created":"2026-07-27T20:01:00.264Z","tickers":["SANM"],"exchange":"NASDAQ","article_body":"Sanmina Reports Third Quarter Fiscal 2026 Financial Results\n\nPR Newswire\n\nSAN JOSE, Calif., July 27, 2026\n\nSAN JOSE, Calif., July 27, 2026 /PRNewswire/ -- Sanmina Corporation (\"Sanmina\"\nor the \"Company\") (NASDAQ: SANM), a leading integrated manufacturing solutions\ncompany, today reported financial results for the third quarter ended June 27,\n2026 and outlook for its fourth fiscal quarter ending October 3, 2026.\n\nThird Quarter Fiscal 2026 Financial Highlights\n\n * Revenue: $3.46 billion\n * GAAP operating margin: 6.4%\n * GAAP diluted EPS: $2.12\n * Non-GAAP((1)) operating margin: 8.0%\n * Non-GAAP((1)) diluted EPS: $3.31\nAdditional Highlights\n\n * Cash flow from operations: $124 million\n * Free cash flow((2)): $24 million\n * Ending cash and cash equivalents: $1.84 billion ((1))  See Schedule 1 below for information regarding the items excluded from and our\n        use of non-GAAP financial measures. A reconciliation of the non-GAAP financial\n        information contained in this release to their most directly comparable GAAP\n        measures is included in the financial statements furnished with this release.\n ((2))  Free cash flow is defined as net cash provided by operating activity adjusted\n        for net purchases of property and equipment. See Condensed Consolidated Cash\n        Flow Statement included in the financial statements furnished with this\n        release.\n\n\"We delivered another great quarter. Revenue was at the high end of our\noutlook, while non-GAAP operating margin and non-GAAP diluted EPS exceeded our\noutlook,\" stated Jure Sola, Chairman and CEO of Sanmina Corporation.\n\n\"During the quarter, we secured more customer orders in both core Sanmina and\nZT Systems, expanded our capabilities, increased capacity and made progress in\nachieving additional synergies through vertical integration. We have\nestablished a strong foundation and continue to make strategic investments to\nsupport future growth. As momentum builds across our business, we see strong\ndemand for fiscal 2027, with growth ramping throughout the year and into\nfiscal 2028.\"\n                                  Fourth Quarter Fiscal 2026 Outlook\n Revenue:                         $3.3 billion - $3.6 billion\n Non-GAAP operating margin((3)):  7.5% - 8.0%\n Non-GAAP diluted EPS((3)):       $3.05 - $3.35\n\n                                  Fiscal 2026 Outlook\n                                  Prior                                   Updated\n Revenue:                         $13.7 billion - $14.3 billion           $14.0 billion - $14.3 billion\n Non-GAAP operating margin((3)):  6.3% - 6.6%                             6.85% - 7.25%\n Non-GAAP diluted EPS((3)):       $10.75 - $11.35                         $11.90 - $12.20\n\n ((3))  This is a forward-looking non-GAAP financial measure that cannot be reconciled\n        to its equivalent GAAP financial measure without unreasonable effort.\n\nSafe Harbor Statement\nThe statements above relating to anticipated demand during fiscal 2027 and\ninto fiscal 2028, and our financial outlook for the fourth quarter fiscal 2026\nand fiscal year 2026, constitute forward-looking statements within the meaning\nof the safe harbor provisions of Section 21E of the Securities Exchange Act of\n1934. Actual results could differ materially from those projected in these\nstatements as a result of a number of factors, including the risk that the\nintegration of and expected benefits from the ZT Systems acquisition may not\nbe realized or may take longer to realize than anticipated; adverse changes in\nthe key markets we target, in particular the cloud and AI infrastructure\nsectors; the impact of recent or future changes in tariffs and trade policy,\nwhich may adversely affect our costs, supply chain, and customer demand; our\nreliance on a limited number of customers for a substantial portion of our\nsales; risks arising from our international operations and expansion into new\ngeographic markets; geopolitical uncertainty, including relating to the\nconflict in the Middle East, and the other risk factors set forth in the\nCompany's annual and quarterly reports filed with the Securities Exchange\nCommission.\n\nThe Company is under no obligation to (and expressly disclaims any such\nobligation to) update or alter any of the forward-looking statements made in\nthis earnings release, the conference call or the Investor Relations section\nof our website whether as a result of new information, future events or\notherwise, unless otherwise required by law.\n\nCompany Conference Call Information\nSanmina will hold a conference call to review its financial results for the\nthird quarter and outlook for the fourth quarter of fiscal 2026 on Monday,\nJuly 27, 2026 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic\n800-836-8184 and international 646-357-8785. The conference call will also be\nwebcast live over the Internet. You can log on to the live webcast at Q3'26\nEarnings\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=2824367645&u=https%3A%2F%2Fir.sanmina.com%2Foverview%2Fdefault.aspx&a=Q3%2726+Earnings)\n. Additional information in the form of a slide presentation is available on\nSanmina's website at www.sanmina.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=874202912&u=http%3A%2F%2Fwww.sanmina.com%2F&a=www.sanmina.com)\n.  A replay of the conference call will be available for 48-hours. The access\nnumbers are: domestic 888-660-6345 and international 646-517-4150, access code\nis 70899#.\n\nAbout Sanmina\nSanmina Corporation, a Fortune 500 company, is a leading integrated\nmanufacturing solutions provider serving the fastest growing segments of the\nglobal Electronics Manufacturing Services (EMS) market. Recognized as a\ntechnology leader, Sanmina provides end-to-end manufacturing solutions,\ndelivering superior quality and support to Original Equipment Manufacturers\n(OEMs) primarily in the industrial and energy, medical, defense and aerospace,\nautomotive and transportation, communications networks, and cloud and AI\ninfrastructure markets. Sanmina has facilities strategically located in key\nregions throughout the world. More information about the Company is available\nat www.sanmina.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=874202912&u=http%3A%2F%2Fwww.sanmina.com%2F&a=www.sanmina.com)\n.\n\nSanmina Contact\nPaige Melching\nSVP, Investor Communications\n408-964-3610\n\nLogo -\nhttps://mmx.prnewswire.com/media/1992091/SANMINA_CORPORATION_LOGO-2024.jpg\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739513-1&h=1509343149&u=https%3A%2F%2Fmmx.prnewswire.com%2Fmedia%2F1992091%2FSANMINA_CORPORATION_LOGO-2024.jpg&a=https%3A%2F%2Fmmx.prnewswire.com%2Fmedia%2F1992091%2FSANMINA_CORPORATION_LOGO-2024.jpg)\n\n \n Sanmina Corporation\n Condensed Consolidated Balance Sheets\n (in thousands)\n (GAAP)\n (Unaudited)\n\n                                                               June 27,                September 27,\n                                                               2026                    2025\n ASSETS\n Current assets:\n Cash and cash equivalents                                     $     1,844,942         $        926,267\n Accounts receivable, net                                      1,986,682               1,400,129\n Contract assets                                               522,364                 425,944\n Inventories                                                   3,152,247               1,988,462\n Prepaid expenses and other current assets                     322,179                 124,656\n Total current assets                                          7,828,414               4,865,458\n Property, plant and equipment, net                            1,051,414               682,354\n Deferred income tax assets                                    320,224                 171,218\n Goodwill                                                      121,889                 30,386\n Other assets                                                  417,793                 108,757\n Total assets                                                  $     9,739,734         $     5,858,173\n LIABILITIES AND STOCKHOLDERS' EQUITY\n Current liabilities:\n Accounts payable                                              $     2,452,745         $     1,578,895\n Accrued liabilities                                           366,525                 179,605\n Deferred revenue and customer advances                        1,149,752               878,474\n Accrued payroll and related benefits                          212,858                 167,541\n Short-term debt, including current portion of long-term debt  215,000                 17,500\n Total current liabilities                                     4,396,880               2,822,015\n Long-term liabilities:\n Long-term debt                                                1,957,310               282,974\n Other liabilities                                             625,919                 214,021\n Total long-term liabilities                                   2,583,229               496,995\n\n Stockholders' equity                                          2,759,625               2,539,163\n Total liabilities and stockholders' equity                    $     9,739,734         $     5,858,173\n\n \n Sanmina Corporation\n Condensed Consolidated Statements of Income\n (in thousands, except per share amounts)\n (GAAP)\n (Unaudited)\n\n                                                                    Three Months Ended                                           Nine Months Ended\n                                                                    June 27,                          June 28,                   June 27,                           June 28,\n                                                                    2026                              2025                       2026                               2025\n\n Net sales                                                          $   3,464,016                     $   2,041,562              $  10,666,980                      $   6,031,990\n Cost of sales                                                      3,100,711                         1,860,512                  9,707,522                          5,506,790\n Gross profit                                                       363,305                           181,050                    959,458                            525,200\n\n Operating expenses:\n Selling, general and administrative                                109,331                           69,542                     337,766                            216,700\n Research and development                                           8,267                             8,078                      24,916                             22,418\n Acquisition, integration and others                                21,075                            7,080                      137,022                            7,080\n Amortization of intangibles                                        1,831                             —                          4,883                              —\n Restructuring                                                      1,576                             473                        3,040                              2,899\n Total operating expenses                                           142,080                           85,173                     507,627                            249,097\n\n Operating income                                                   221,225                           95,877                     451,831                            276,103\n\n Interest income                                                    9,800                             4,200                      26,291                             11,319\n Interest expense                                                   (32,464)                          (4,981)                    (89,324)                           (14,961)\n Other income (expense), net                                        (6,809)                           (3,686)                    (4,326)                            (6,370)\n Interest and other, net                                            (29,473)                          (4,467)                    (67,359)                           (10,012)\n\n Income before income taxes                                         191,752                           91,410                     384,472                            266,091\n Provision for income taxes                                         66,444                            18,522                     109,594                            51,804\n Net income before noncontrolling interest                          125,308                           72,888                     274,878                            214,287\n      Less: Net income attributable to noncontrolling interest      8,179                             4,272                      14,817                             16,460\n Net income attributable to common shareholders                     $      117,129                    $        68,616            $       260,061                    $      197,827\n\n Net income attributable to common shareholders per share:\n Basic                                                              $            2.17                 $            1.28          $             4.81                 $            3.66\n Diluted                                                            $            2.12                 $            1.26          $             4.71                 $            3.58\n\n Weighted-average shares used in computing per share amounts:\n Basic                                                              53,861                            53,614                     54,118                             54,074\n Diluted                                                            55,133                            54,493                     55,254                             55,285\n\n \n Sanmina Corporation\n Reconciliation of GAAP to Non-GAAP Measures\n (in thousands, except per share amounts)\n (Unaudited)\n                                                                                                    Three Months Ended\n                                                                                                    June 27,                              March 28,                             June 28,\n                                                                                                    2026                                  2026                                  2025\n\n GAAP Operating income                                                                              $     221,225                         $     157,008                         $      95,877\n                                     GAAP Operating margin                                          6.4 %                                 3.9 %                                 4.7 %\n Adjustments:\n                                     Stock compensation expense (1)                                 24,817                                24,066                                16,081\n                                     Amortization of intangible assets (2)                          2,431                                 2,332                                 —\n                                     Acquisition, integration and others (3)                        21,075                                72,584                                7,080\n                                     Legal (4)                                                      4,650                                 —                                     —\n                                     Restructuring and other                                        1,576                                 794                                   (3,335)\n Non-GAAP Operating income                                                                          $     275,774                         $     256,784                         $     115,703\n                                     Non-GAAP Operating margin                                      8.0 %                                 6.0 %                                 5.7 %\n\n GAAP Net income attributable to common shareholders                                                $     117,129                         $       93,646                        $      68,616\n Adjustments:\n                                     Operating income adjustments (see above)                       54,549                                99,776                                19,826\n                                     Adjustments for taxes (5)                                      11,025                                (19,497)                              (4,849)\n Non-GAAP Net income attributable to common shareholders                                            $     182,703                         $     173,925                         $      83,593\n\n GAAP Net income attributable to common shareholders per share:\n                                     Basic                                                          $           2.17                      $           1.72                      $          1.28\n                                     Diluted                                                        $           2.12                      $           1.70                      $          1.26\n Non-GAAP Net income attributable to common shareholders per share:\n                                     Basic                                                          $           3.39                      $           3.20                      $          1.56\n                                     Diluted                                                        $           3.31                      $           3.16                      $          1.53\n Weighted-average shares used in computing per share amounts:\n                                     Basic                                                          53,861                                54,331                                53,614\n                                     Diluted                                                        55,133                                55,108                                54,493\n\n (1)                                 Stock compensation expense\n                                     Cost of sales                                                  $         6,542                       $         5,535                       $        4,956\n                                     Selling, general and administrative                            17,922                                18,127                                10,811\n                                     Research and development                                       353                                   404                                   314\n                                     Total                                                          $       24,817                        $       24,066                        $      16,081\n\n (2)                                 Relates to amortization of intangible assets acquired from the ZT acquisition.\n\n (3)                                 Q3'26 and Q2'26 results include a $13M and $59M fair value adjustment to\n                                     contingent consideration, respectively, alongside certain\n                                     employee compensation and professional services related to the ZT acquisition.\n\n (4)                                 Represents expense recorded in connection with the settlement in principle of\n                                     a legal matter.\n\n (5)                                 Adjustments for taxes include the tax effects of the various adjustments we\n                                     exclude from our non-GAAP measures, and adjustments\n                                     related to deferred tax and discrete tax items.\n\n \n Sanmina Corporation\n Condensed Consolidated Cash Flow\n (in thousands)\n (GAAP)\n (Unaudited)\n\n                                                                          Three Months Ended                                        Nine Months Ended\n                                                                          June 27,                         June 28,                 June 27,                      June 28,\n                                                                          2026                             2025                     2026                          2025\n\n Net income before noncontrolling interest                                $       125,308                  $       72,888           $      274,878                $      214,287\n Depreciation and intangibles amortization                                48,201                           29,760                   134,817                       89,813\n Amortization of inventory fair value adjustment                          —                                —                        49,000                        —\n Deferred income taxes                                                    8,579                            2,456                    54,976                        6,990\n Change in fair value of contingent consideration                         13,000                           —                        72,000                        —\n Other, net                                                               26,606                           11,380                   72,638                        41,921\n Net change in net working capital                                        (97,203)                         84,298                   43,668                        68,567\n Cash provided by operating activities                                    124,491                          200,782                  701,977                       421,578\n\n Purchases of investments                                                 —                                (60)                     —                             (14,700)\n Proceeds from sales of investments                                       —                                —                        8,710                         49,309\n Net purchases of property, plant and equipment                           (100,806)                        (32,604)                 (244,196)                     (80,172)\n Cash paid for business acquisition, net of cash acquired and working     242,781                          —                        (1,114,152)                   —\n capital settlement received\n Cash provided by (used in) investing activities                          141,975                          (32,664)                 (1,349,638)                   (45,563)\n\n Proceeds from long-term debt                                             —                                —                        2,200,000                     —\n Repayment of borrowings                                                  —                                (4,375)                  (301,875)                     (13,125)\n Repurchases of common stock                                              —                                (13,491)                 (239,244)                     (113,944)\n Payments for tax withholding on stock-based compensation                 (3,527)                          (892)                    (59,602)                      (38,547)\n Debt issuance costs                                                      (638)                            —                        (29,341)                      —\n Cash provided by (used in) financing activities                          (4,165)                          (18,758)                 1,569,938                     (165,616)\n\n Effect of exchange rate changes                                          (866)                            1,640                    (1,278)                       1,461\n\n Net change in cash, cash equivalents and restricted cash equivalents     $       261,435                  $      151,000           $      920,999                $      211,860\n\n Free cash flow:\n Cash provided by operating activities                                    $       124,491                  $      200,782           $      701,977                $      421,578\n Net purchases of property, plant and equipment                           (100,806)                        (32,604)                 (244,196)                     (80,172)\n                                                                          $         23,685                 $      168,178           $      457,781                $      341,406\n\nSchedule 1\n\nThe statements above and financial information provided in this earnings\nrelease include non-GAAP measures of operating income, operating margin, net\nincome and earnings per share. Management excludes from these measures\nstock-based compensation, restructuring, acquisition and integration expenses,\nimpairment charges, amortization charges and other unusual or infrequent\nitems, as adjusted for taxes, as more fully described below.\n\nManagement excludes these items principally because such charges or benefits\nare not directly related to the Company's ongoing core business operations. We\nuse such non-GAAP measures in order to (1) make more meaningful\nperiod-to-period comparisons of the Company's operations, both internally and\nexternally, (2) guide management in assessing the performance of the business,\ninternally allocating resources and making decisions in furtherance of\nCompany's strategic plan, (3) provide investors with a better understanding of\nhow management plans and measures the business and (4) provide investors with\na better understanding of our ongoing, core business. The material limitations\nto management's approach include the fact that the charges, benefits and\nexpenses excluded are nonetheless charges, benefits and expenses required to\nbe recognized under GAAP and, in some cases, consume cash which reduces the\nCompany's liquidity. Management compensates for these limitations primarily by\nreviewing GAAP results to obtain a complete picture of the Company's\nperformance and by including a reconciliation of non-GAAP results to GAAP\nresults in its earnings releases.\n\nAdditional information regarding the economic substance of each exclusion,\nmanagement's use of the resultant non-GAAP measures, the material limitations\nof management's approach and management's methods for compensating for such\nlimitations is provided below.\n\nStock-based Compensation Expense, which consists of non-cash charges for the\nestimated fair value of equity awards granted to employees and directors, is\nexcluded in order to permit more meaningful period-to-period comparisons of\nthe Company's results since the Company grants different amounts and value of\nequity awards each quarter. In addition, given the fact that competitors grant\ndifferent amounts and types of equity awards and may use different valuation\nassumptions, excluding stock-based compensation permits more accurate\ncomparisons of the Company's core results with those of its competitors.\n\nRestructuring, Acquisition, Integration and Other Expenses, which consist of\nemployee severance, lease termination costs, exit costs, environmental\ninvestigation, remediation and related employee costs and other charges\nprimarily related to closing and consolidating manufacturing facilities, and\nthose associated with the acquisition, integration and other expenses of\nacquired businesses including fair value adjustments related to contingent\nconsideration liability, are excluded because such charges (1) can be driven\nby the timing of acquisitions and exit activities which are difficult to\npredict, (2) are not directly related to ongoing business results and (3)\ngenerally do not reflect expected future operating expenses. In addition,\ngiven the fact that the Company's competitors complete acquisitions and adopt\nrestructuring plans at different times and in different amounts than the\nCompany, excluding these charges or benefits permits more accurate comparisons\nof the Company's core results with those of its competitors. Items excluded by\nthe Company may be different from those excluded by the Company's competitors\nand restructuring and integration expenses include both cash and non-cash\nexpenses. Cash expenses reduce the Company's liquidity. Therefore, management\nalso reviews GAAP results including these amounts.\n\nImpairment Charges for Goodwill and Other Assets, which consist of non-cash\ncharges, are excluded because such charges are non-recurring and do not reduce\nthe Company's liquidity. In addition, given the fact that the Company's\ncompetitors may record impairment charges at different times, excluding these\ncharges permits more accurate comparisons of the Company's core results with\nthose of its competitors.\n\nAmortization Charges, which consist of non-cash charges impacted by the timing\nand magnitude of acquisitions of businesses or assets, are also excluded\nbecause such charges do not reduce the Company's liquidity. In addition, such\ncharges can be driven by the timing of acquisitions, which is difficult to\npredict. Excluding these charges permits more accurate comparisons of the\nCompany's core results with those of its competitors because the Company's\ncompetitors complete acquisitions at different times and for different amounts\nthan the Company.\n\nOther Unusual or Infrequent Items, such as charges or benefits associated with\ndistressed customers, expenses, charges and recoveries relating to certain\nlegal matters, and gains and losses on sales of assets, are excluded because\nsuch items are typically non-recurring, difficult to predict or not directly\nrelated to the Company's ongoing or core operations and are therefore not\nconsidered by management in assessing the current operating performance of the\nCompany and forecasting earnings trends. However, items excluded by the\nCompany may be different from those excluded by the Company's competitors. In\naddition, these items include both cash and non-cash expenses. Cash expenses\nreduce the Company's liquidity. Management compensates for these limitations\nby reviewing GAAP results including these amounts.\n\nAdjustments for Taxes, which consist of the tax effects of the various\nadjustments that we exclude from our non-GAAP measures and adjustments related\nto deferred tax and discrete tax items. Including these adjustments permits\nmore accurate comparisons of the Company's core results with those of its\ncompetitors. We determine the tax adjustments based upon the various\napplicable effective tax rates. In those jurisdictions in which we do not\nexpect to realize a tax cost or benefit (due to a history of operating losses\nor other factors), a reduced tax rate is applied.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/sanmina-reports-third-quarter-fiscal-2026-financial-results-302835530.html\n(https://www.prnewswire.com/news-releases/sanmina-reports-third-quarter-fiscal-2026-financial-results-302835530.html)\n\nSOURCE Sanmina Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/1992091/SANMINA_CORPORATION_LOGO-2024.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-07-27T20:01:00.40018283Z","server_sent_at_ms":1785182460400},"received_at":"2026-07-27T20:01:00.453Z","source_url":"https://www.prnewswire.com/news-releases/sanmina-reports-third-quarter-fiscal-2026-financial-results-302835530.html"},"analysis":{"id":"88567","press_release_id":"99529","analysis_json":{"industry":{"label":"Technology Hardware, Storage & Peripherals","sector":"Information Technology"},"redFlags":[],"eventType":"earnings","narrative":"Sanmina reported fiscal Q3 revenue of $3.46 billion, hitting the high end of its outlook, with non-GAAP diluted EPS of $3.31.\n\nThe company raised its full-year fiscal 2026 outlook, increasing EPS guidance to $11.90-$12.20 from the prior range of $10.75-$11.35.\n\nManagement cited strong demand into fiscal 2027 and progress on ZT Systems integration as key drivers for the updated forecast.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Beat-and-raise quarter as Sanmina lifts FY26 EPS guidance by ~9% on strong AI infrastructure demand."},"keyFigures":{"eps":3.31,"revenue":"$3.46 billion","guidance":"Q4 FY26 Revenue $3.3B-$3.6B, EPS $3.05-$3.35; FY26 Revenue $14.0B-$14.3B, EPS $11.90-$12.20 (raised from $10.75-$11.35)","customDimensions":{"free_cash_flow":24000000,"operating_margin":"8.0%","cash_from_operations":124000000}},"quotedText":"We delivered another great quarter. Revenue was at the high end of our outlook, while non-GAAP operating margin and non-GAAP diluted EPS exceeded our outlook","namedEntities":{"people":[{"name":"Jure Sola","role":"Chairman and CEO"},{"name":"Paige Melching","role":"SVP, Investor Communications"}],"products":[],"companies":[{"name":"Sanmina Corporation","ticker":"SANM"},{"name":"ZT Systems","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3.46 billion","context":"Q3 fiscal 2026 revenue"},{"amount":"$124 million","context":"cash flow from operations"},{"amount":"$24 million","context":"free cash flow"},{"amount":"$1.84 billion","context":"ending cash and cash equivalents"}]},"materialImpact":{"score":4,"reasoning":"Revenue reached the high end of guidance while non-GAAP EPS and operating margins exceeded outlook. Full-year FY26 EPS guidance was raised by approximately 9% at the midpoint."},"tickerRelevance":{"others":[],"primary":"SANM"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings-beat-and-guidance-raise","sectorWeight":"IT-Hardware"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Sanmina reported fiscal Q3 revenue of $3.46 billion, hitting the high end of its outlook, with non-GAAP diluted EPS of $3.31.\n\nThe company raised its full-year fiscal 2026 outlook, increasing EPS guidance to $11.90-$12.20 from the prior range of $10.75-$11.35.\n\nManagement cited strong demand into fiscal 2027 and progress on ZT Systems integration as key drivers for the updated forecast.","key_figures":{"eps":3.31,"revenue":"$3.46 billion","guidance":"Q4 FY26 Revenue $3.3B-$3.6B, EPS $3.05-$3.35; FY26 Revenue $14.0B-$14.3B, EPS $11.90-$12.20 (raised from $10.75-$11.35)","customDimensions":{"free_cash_flow":24000000,"operating_margin":"8.0%","cash_from_operations":124000000}},"named_entities":{"people":[{"name":"Jure Sola","role":"Chairman and CEO"},{"name":"Paige Melching","role":"SVP, Investor Communications"}],"products":[],"companies":[{"name":"Sanmina Corporation","ticker":"SANM"},{"name":"ZT Systems","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3.46 billion","context":"Q3 fiscal 2026 revenue"},{"amount":"$124 million","context":"cash flow from operations"},{"amount":"$24 million","context":"free cash flow"},{"amount":"$1.84 billion","context":"ending cash and cash equivalents"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-27T20:35:35.482Z","global_importance":30,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings-beat-and-guidance-raise","sectorWeight":"IT-Hardware"}},"durationMs":258479,"modelName":"glm-4.7"}}