Michael J. Loparco
On March 10, 2025, the Board of Directors of Sanmina Corporation (the “Company”) appointed Michael J. Loparco, 53, as a member of the Board of Directors of the Company.
Highest-materiality recent filing
Sanmina reports Q3 FY2026 revenue $3.46B, GAAP EPS $2.12, non-GAAP EPS $3.31
Revenue $3.46B; GAAP operating margin 6.4%; GAAP diluted EPS $2.12.
Sanmina Q2 FY2026 revenue $4.01B, GAAP EPS $1.70, non-GAAP EPS $3.16; authorizes $600M buyback
Revenue $4.01B; GAAP operating margin 3.9%, non-GAAP operating margin 6.4%.
Sanmina stockholders approve 1.2M share increase to 2019 Plan; defeat independent chairman proposal
Equity plan amendment approved: 46.5M for, 1.9M against; additional 1.2M shares reserved.
Sanmina Q1 FY2026: Revenue $3.19B, Non-GAAP EPS $2.38, FCF $92M
Revenue $3.19B, GAAP diluted EPS $0.89, non-GAAP diluted EPS $2.38.
Sanmina files financial statements for acquired ZT Group: FY2025 revenue $10.9B, net income $907M
ZT Group FY2025 (Jul 31) net sales $10.9B, net income $907M; FY2024 net sales $12.5B, net income $1.06B.
Sanmina Compensation Committee approves FY2026 bonus plan with revenue, margin, cash flow targets
FY2026 bonus plan targets: revenue, non-GAAP operating margin, cash flow from operations.
Sanmina Q4 revenue $2.1B, GAAP EPS $0.88, non-GAAP EPS $1.67; FY revenue $8.1B
Q4 GAAP operating margin 3.7%, non-GAAP 6.0%; Q4 GAAP diluted EPS $0.88, non-GAAP $1.67.
Sanmina completes $2.55B acquisition of ZT Systems from AMD; funds with $2.2B in new debt
Total consideration: $2.4B cash + 1,151,052 Sanmina shares (~$150M) + up to $450M contingent earn-out.
Sanmina completes acquisition of ZT Systems data center infrastructure business from AMD
Acquisition closed on October 27, 2025, ahead of previous May 18, 2025 agreement schedule.
Sanmina enters $3.5B credit agreement to finance ZT Group acquisition
Credit facilities consist of $1.5B revolver and $2.0B term loan A, with initial funding contingent on closing ZT Acquisition.
Sanmina reports Q3 FY2025 revenue $2.04B, GAAP EPS $1.26, non-GAAP EPS $1.53
Revenue $2.04B; GAAP operating margin 4.7%; GAAP diluted EPS $1.26.
Sanmina amends bylaws to lower special meeting threshold to 25% from 50%
Reduced ownership threshold to call a special meeting from 50% to 25% of voting power; effective June 19, 2025.
Sanmina acquires ZT Systems manufacturing from AMD for $2.55B cash/equity plus $450M contingent
Purchase price: $2.25B cash at target NAV, $300M premium (50% cash/50% equity), plus up to $450M contingent consideration.
Sanmina Q2 FY2025 revenue $1.98B, GAAP EPS $1.16, non-GAAP EPS $1.41
GAAP operating margin 4.6%; non-GAAP operating margin 5.6%.
Sanmina appoints Michael J. Loparco to Board; shareholders authorize 1M new shares for equity plan
Michael J. Loparco appointed to Sanmina Board, effective March 10, 2025; previously CEO of Symbotic and 20+ years at Jabil.
Sanmina reports Q1 fiscal 2025 revenue of $2.01B, GAAP EPS $1.16, non-GAAP EPS $1.44
Revenue $2.01B; GAAP diluted EPS $1.16; non-GAAP diluted EPS $1.44.
Sanmina approves FY2025 bonus plan with revenue, margin, and cash flow targets
Compensation Committee approved FY2025 Corporate Bonus Plan on Dec 9, 2024.
Sanmina accelerates CAO transition; Venkatesh succeeds Billinger on Dec 2, 2024
Brent Billinger, SVP and Controller, to retire effective January 3, 2025.
Sanmina Q4 revenue $2.02B, non-GAAP EPS $1.43; FY rev $7.57B, non-GAAP EPS $5.28
Q4 revenue $2.02B, GAAP EPS $1.09, non-GAAP EPS $1.43; GAAP op margin 4.4%, non-GAAP 5.3%.
Sanmina amends bylaws, raising special meeting threshold to 50% voting power
Board approved amended and restated bylaws effective October 23, 2024.
Sanmina Q3 FY2024 revenue $1.84B; GAAP EPS $0.91, non-GAAP EPS $1.25
Revenue $1.84B; GAAP operating margin 4.5%, non-GAAP operating margin 5.3%.
Sanmina sets annual advisory vote on executive compensation per stockholder preference
Compensation Committee on June 10, 2024, determined future say-on-pay votes will be held annually.
Sanmina SVP & Controller Brent Billinger to retire Jan 3, 2025; Venkatesh named successor
Brent Billinger, Senior Vice President and Controller, plans to retire effective January 3, 2025.
Sanmina Q2 FY2024 revenue $1.83B; GAAP EPS $0.93, non-GAAP EPS $1.30
Revenue $1.83B; GAAP operating margin 4.1%; GAAP diluted EPS $0.93.
Sanmina stockholders approve additional 1.2M shares for equity plan; re-elect directors
Approved amendment to 2019 Equity Incentive Plan adding 1,200,000 shares of common stock.
Sanmina Q1 FY2024 revenue $1.87B, GAAP EPS $0.98, Non-GAAP EPS $1.30
Revenue $1.87B; GAAP operating margin 4.7%; Non-GAAP operating margin 5.5%.
Sanmina enters separation agreement with former CFO Kurt Adzema; $570K payout and PSU acceleration
Former EVP and CFO Kurt Adzema to receive a lump sum of $570,000 on January 5, 2024.
Jon Faust named EVP & CFO effective Dec 18, 2023; base salary $650k, bonus target 100% (max 150%), 90k time-based RSUs (4yr vest), 30k performance stock units (3yr).
Sanmina Q4 FY23 revenue $2.05B; non-GAAP EPS $1.42; FY23 revenue $8.9B
Q4 GAAP diluted EPS $1.04; non-GAAP diluted EPS $1.42 (GAAP operating margin 4.8%, non-GAAP 5.7%).
Sanmina enters $450M receivables purchase agreement with Truist; terminates MUFG facility
New $450M revolving receivables purchase agreement with Truist Bank, effective August 31, 2023.
Sanmina reports Q3 FY2023 revenue $2.21B; GAAP EPS $1.28, non-GAAP EPS $1.55
Revenue $2.21B; GAAP operating margin 4.9%, non-GAAP operating margin 5.7%.
Sanmina appoints Susan K. Barnes and Mythili Sankaran to Board of Directors
Susan K. Barnes, former CFO of Pacific Biosciences and Intuitive Surgical, joined Sanmina's board effective June 12, 2023.
Sanmina says prior financials from FY2020 to Q1 FY2023 cannot be relied upon; restatement pending
Audit Committee found division personnel made unsupported cost adjustments; revenue misstated by $10.2M (FY20), $18.3M (FY21), ($29.1M) (FY22), $5.6M (Q1 FY23).
Sanmina stockholders approve 1.2M share increase to 2019 Equity Incentive Plan at annual meeting
Stockholders approved increasing 2019 Plan shares by 1.2M (43.99M for, 3.89M against, 5.02M broker non-votes).
Sanmina reports Q1 fiscal 2023 revenue of $2.36B, GAAP EPS $1.48, non-GAAP EPS $1.64
Revenue $2.36B; GAAP operating margin 5.2%; GAAP diluted EPS $1.48.
Sanmina appoints David V. Hedley III to Board; approves FY2023 bonus plan with targets
Appointed David V. Hedley III to Board of Directors effective Dec 5, 2022; serves on Audit Committee.
Sanmina Q4 FY2022 revenue $2.2B, GAAP EPS $1.08, non-GAAP EPS $1.50
Revenue $2.2B in Q4 FY2022; full-year revenue $7.9B.
Sanmina and Reliance complete joint venture for electronics manufacturing in India
Joint venture will create a world-class electronic manufacturing hub at Sanmina's 100-acre Chennai campus, with expansion potential.
Sanmina enters new $800M revolver and $350M term loan, repays $318M existing term loan
Fifth Amended and Restated Credit Agreement dated Sept 27, 2022, replaces existing 2018 facility.
Sanmina reports Q3 fiscal 2022 revenue $2.02B, GAAP diluted EPS $1.29
Revenue $2.02B; GAAP operating margin 4.7%; GAAP diluted EPS $1.29.
Sanmina Q2 FY2022 revenue $1.91B, non-GAAP EPS $1.14; beats guidance
Revenue of $1.91B exceeded outlook; GAAP EPS $0.83, non-GAAP EPS $1.14.
Shareholders approved amendment to 2019 Equity Incentive Plan, adding 1,300,000 common shares for issuance.
Sanmina and Reliance form India JV; Reliance invests up to Rs1,670cr for 50.1% stake
RSBVL (Reliance subsidiary) acquires 50.1% of SIPL via Rs1,670cr (~$200M) investment; Sanmina holds 49.9%.
Sanmina Q1 FY2022 revenue $1.76B; GAAP EPS $0.89, non-GAAP EPS $1.08
Revenue $1.76B; GAAP operating margin 4.6%; GAAP diluted EPS $0.89.
Sanmina Compensation Committee approves FY2021 bonuses; CEO Sola receives $3.075M
CEO Jure Sola approved bonus of $3,075,000, up from target of $1,687,500 due to discretionary adjustment.
Sanmina appoints Susan Johnson to board; approves exec salary increases and bonus plan
Susan A. Johnson, EVP of Global Connections & Supply Chain at AT&T, appointed to Sanmina's board effective Dec 6, 2021.
Sanmina Q4 FY2021 revenue $1.64B, GAAP EPS $0.84, non-GAAP EPS $0.95; FY revenue $6.76B
Q4 rev $1.64B, GAAP op margin 4.1%, GAAP diluted EPS $0.84; Non-GAAP op margin 4.8%, non-GAAP diluted EPS $0.95.
Sanmina Q3 2021 revenue $1.66B, non-GAAP EPS $0.99 beats outlook
GAAP diluted EPS $1.74 (incl. $0.64 tax reserve benefit); non-GAAP diluted EPS $0.99 exceeded outlook.
On March 10, 2025, the Board of Directors of Sanmina Corporation (the “Company”) appointed Michael J. Loparco, 53, as a member of the Board of Directors of the Company.
Brent Billinger, Senior Vice President and Controller of Sanmina Corporation (the "Company") notified the Company of his plan to retire effective January 3, 2025.
Mr. Venkatesh will now succeed Mr. Billinger as Senior Vice President, Global Controller and Chief Accounting Officer of the Company, effective December 2, 2024.
The Company plans to appoint Vishnu Gangaswamy Venkatesh, currently Senior Vice President, Finance Transformation, as Senior Vice President, Global Controller and Chief Accounting Officer of the Company, effective upon Mr. Billinger’s retirement.
On May 28, 2024, Brent Billinger, Senior Vice President and Controller of Sanmina Corporation (the “Company”) notified the Company of his plan to retire, effective January 3, 2025.
On December 13, 2023, Sanmina Corporation (the “Company”) entered into a Separation and Release Agreement (the “Agreement”) with Kurt Adzema, former Executive Vice President and Chief Financial Officer of the Company
the employment of Kurt Adzema, Executive Vice President and Chief Financial Officer, will terminate effective January 5, 2024.
Sanmina Corporation (the “Company”) announced the appointment of Jonathan Faust as Executive Vice President and Chief Financial Officer of the Company, effective December 18, 2023.
John P. Goldsberry, a member of the Board of Directors of the Company notified the Company of his resignation from the Board and the committees on which he serves for health reasons, effective as of December 4, 2023.
On June 12, 2023, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan K. Barnes and Mythili Sankaran as members of the Board of Directors of the Company.
On June 12, 2023, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan K. Barnes and Mythili Sankaran as members of the Board of Directors of the Company.
On December 5, 2022, the Board of Directors of Sanmina Corporation (the “Company”) appointed David V. Hedley III as a member of the Board of Directors of the Company and as a member of the Audit Committee.
Max materiality 0.95 · Median 0.60 · Most common event earnings