Sanmina(NASDAQ) SANM

Sanmina Corporation makes complex electronic parts for other companies. It helps brands build equipment for healthcare, defense, and automotive use. The company also manages global supply chains and repairs finished goods.

What Does Sanmina Make?

• Integrated Manufacturing Solutions: Includes printed circuit board assembly, high-level testing, and direct order fulfillment; accounts for 90% of net sales for the nine months ended June 27, 2026.
• Electronic Components: Production of advanced printed circuit boards, backplanes, cable assemblies, and precision machined parts.
• Specialized Systems: High-performance storage platforms and memory solutions used in data centers and enterprise computing.
• Mission-Critical Products: Design and manufacturing of defense and aerospace systems through the SCI Technology subsidiary.
• Manufacturing Software: Cloud-based tools used to track and manage production lines in real time through the 42Q division.

Expanding Into Artificial Intelligence

• Acquired ZT Systems on Oct. 27, 2025, for $1.62 billion to expand into cloud and artificial intelligence infrastructure.
• Formed a strategic relationship with AMD to manufacture AI rack and cluster-scale systems for cloud customers.
• Repurchased 1.6 million shares of common stock for $239 million during the nine months ended June 27, 2026.
• Finalized a working capital adjustment in 2026 that reduced the total purchase consideration for ZT Systems by $243 million.

Why the Company Stands Out

Sanmina focuses on mission-critical markets that require complex electronics and long product life cycles. The company supports these industries with a global network of manufacturing and supply chain services.

A Look at the Numbers

• Net sales rose to $10.67 billion for the nine months ended June 27, 2026, up 76.8% year over year.
• Gross margin reached 10.5% for the three months ended June 27, 2026, up from 8.9% year over year.
• Net income was $260.1 million for the nine months ended June 27, 2026, compared to $197.8 million in the same period in 2025.
• Market capitalization rose to $12.7 billion in the third quarter of 2026, up 142.3% year over year.

Bottom Line

Sanmina has evolved from a component manufacturer into a provider of complex systems and artificial intelligence infrastructure. Its recent strategic moves have significantly shifted its focus toward the growing cloud computing and data center markets.