SANMINA CORP reported second quarter ended March 28, 2026 results: revenue $4.01 billion, EPS GAAP diluted EPS: $1.70.
“Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the second quarter ended March 28, 2026 and outlook for its third fiscal quarter ending June 27, 2026. Second Quarter Fiscal 2026 Financial Highlights • Revenue: $4.01 billion • GAAP operating margin: 3.9% • GAAP diluted EPS: $1.70 • Non-GAAP (1) operating margin: 6.4% • Non-GAAP (1) diluted EPS: $3.16”
“As previously reported, on October 27, 2025 (the "Closing Date"), Sanmina Corporation ("Sanmina") completed the acquisition of ZT Group Int’l, Inc., a New Jersey corporation ("ZT") (such acquisition, "the Acquisition"), pursuant to the Equity Purchase Agreement, dated May 18, 2025 (the "Purchase Agreement"), by and among Sanmina, ZT, AMD Design, LLC, a Delaware limited liability company and wholly owned subsidiary of AMD (the "Seller"), and Advanced Micro Devices, Inc., a Delaware corporation ("AMD").”
Debt Financings
SANMINA CORP incurred term loan of $1.4 billion in borrowings under the Term Loan A Facility at a term SOFR-based rate plus an applicable margin or (b) a base rate plus an appl.
“the Company incurred indebtedness under the Credit Agreement as follows: (i) $1.4 billion in borrowings under the Term Loan A Facility and (ii) $800 million in borrowings under the Term Loan B Facility.”
M&A Transactions
SANMINA CORP completed an acquisition involving AMD Design, LLC for cash consideration of $2.4 billion and 1,151,052 shares of Sanmina common stock representing an aggregate value of $150 million (closed 2025-10-27).
“there are no material relationships between Sanmina and the Seller or its affiliates. The aggregate consideration payable at closing consisted of (i) cash consideration of $2.4 billion, subject to adjustments for closing cash, closing indebtedness, closing expenses and net working capital relative to a target amount as provided in the Purchase Agreement and”
Debt Financings
SANMINA CORP incurred credit facility of $3.5 billion with Bank of America, N.A., as administrative agent, and the lenders party thereto at term SOFR-based rate plus an applicable margin ranging from 1.375% to 2.000% maturing five years from the Initial Funding Date.
“to certain documentary requirements in the Credit Agreement. The Credit Agreement provides for committed senior secured credit facilities in an aggregate principal amount of $3.5 billion (the “Credit Facilities”), consisting of a $1.5 billion revolving credit facility and a $2.0 billion term loan A facility. As of the Signing Date, the commitments under the”
Governance Changes
SANMINA CORP: Reduced ownership threshold to call a special meeting from 50% to 25% voting power, added a one-year continuous holding period requirement, and clarified related procedural mechanics. Also includes technical and clarifying changes (effective 2025-06-19).
“Effective June 19, 2025, the board of directors (the “Board”) of Sanmina Corporation, a Delaware corporation (the “Company”), approved and adopted an amendment and restatement of the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”), which became effective immediately. The amendments effected by the Bylaws: · reduce the ownership threshold necessary to call a special meeting of the stockholders from not less than fifty percent of the voting power of the outstanding shares of capital stock of the Company to not less than twenty-five percent of the voting power of the outstanding shares of capital stock of the Company; · establish a one-year continuous holding period required to call a special meeting of the stockholders; and · clarify and update related procedural mechanics.”
Michael J. Loparco was appointed as member of the Board of Directors at SANMINA CORP.
“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.”
Vishnu Gangaswamy Venkatesh was appointed as Senior Vice President, Global Controller and Chief Accounting Officer at SANMINA CORP.
“Mr. Venkatesh will now succeed Mr. Billinger as Senior Vice President, Global Controller and Chief Accounting Officer of the Company, effective December 2, 2024.”
Brent Billinger departed as Senior Vice President and Controller at SANMINA CORP.
“Brent Billinger, Senior Vice President and Controller of Sanmina Corporation (the "Company") notified the Company of his plan to retire effective January 3, 2025.”
Governance Changes
SANMINA CORP: Amended and restated bylaws to increase the ownership threshold for stockholders to call a special meeting to 50% of voting power and revise stockholder meeting procedures to conform to recent DGCL amendments (effective 2024-10-23).
“On October 23, 2024, the board of directors (the “Board”) of Sanmina Corporation (the “Company”) approved and adopted an amendment and restatement of the Company’s amended and restated bylaws (as amended, the “Bylaws”), which became effective the same day.”
Vishnu Gangaswamy Venkatesh was appointed as Senior Vice President, Global Controller and Chief Accounting Officer at SANMINA CORP.
“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.”
Brent Billinger departed as Senior Vice President and Controller at SANMINA CORP.
“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.”
Earnings Releases
SANMINA CORP reported fiscal second quarter ended March 30, 2024 results: revenue $1.83 billion, EPS $0.93.
“for the fiscal second quarter ended March 30, 2024 and outlook for its fiscal third quarter ending June 29, 2024. Second Quarter Fiscal 2024 Financial Highlights • Revenue: $1.83 billion • GAAP operating margin: 4.1% • GAAP diluted EPS: $0.93 • Non-GAAP (1) operating margin: 5.4% • Non-GAAP (1) diluted EPS: $1.30 • Cash flow from operations: $72 million • Ending”
Shareholder Votes
SANMINA CORP shareholders approved Reserve additional shares for issuance under 2019 Plan at the 2024-03-11 meeting.
“5. To approve the reservation of an additional 1,200,000 shares of Common Stock for issuance under the 2019 Plan.”
Shareholder Votes
SANMINA CORP shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2024-03-11 meeting.
“4. To approve, on an advisory (non-binding) basis, the frequency of future stockholder votes on executive compensation.”
Shareholder Votes
SANMINA CORP shareholders approved Advisory vote on executive compensation at the 2024-03-11 meeting.
“3. To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers”
Shareholder Votes
SANMINA CORP shareholders approved Approve appointment of PricewaterhouseCoopers LLP as independent auditors at the 2024-03-11 meeting.
“2. To approve the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants”
Shareholder Votes
SANMINA CORP shareholders approved Election of nine directors at the 2024-03-11 meeting.
“1. To elect nine directors to serve for the ensuing year and until their successors are appointed or elected.”
Earnings Releases
SANMINA CORP reported fiscal first quarter ended December 30, 2023 results: EPS $0.98.
“Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal first quarter ended December 30, 2023 and outlook for its fiscal second quarter ending March 30, 2024.”
Kurt Adzema resigned as Executive Vice President and Chief Financial Officer at SANMINA CORP.
“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”
John P. Goldsberry resigned as member of the Board of Directors at SANMINA CORP.
“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.”
Kurt Adzema was terminated as Executive Vice President and Chief Financial Officer at SANMINA CORP.
“the employment of Kurt Adzema, Executive Vice President and Chief Financial Officer, will terminate effective January 5, 2024.”
Jonathan Faust was appointed as Executive Vice President and Chief Financial Officer at SANMINA CORP.
“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.”
Earnings Releases
SANMINA CORP updated its fiscal first quarter ending December 30, 2023 guidance (initiated).
“today reported unaudited financial results for the fourth quarter and fiscal year ended September 30, 2023 and outlook for its fiscal first quarter ending December 30, 2023.”
Earnings Releases
SANMINA CORP reported fiscal year ended September 30, 2023 results: revenue $8.9 billion, EPS $5.18. Guidance initiated.
SANMINA CORP incurred debt of $450 million with Truist Bank at forward-looking term rate based on the secured overnight financing rate plus a m.
“ime party thereto (collectively, the “Sellers”), the Company, as guarantor, Truist Bank (“Truist”) and each other buyer from time to time party thereto (collectively, the “Buyers”), and Truist, as administrative agent.”
Material Agreements
SANMINA CORP terminated MUFG Receivables Purchase Agreement with MUFG Bank, Ltd. (effective 2023-09-22).
“Under the Receivables Purchase Agreement, dated as of March 26, 2018 (as amended, restated, supplemented, assigned or otherwise modified from time to time, the “MUFG Receivables Purchase Agreement”), by and among the Company, the sellers and buyers from time to time party thereto, and MUFG Bank, Ltd., as administrative agent, the buyers or the sellers thereto may terminate the MUFG Receivables Purchase Agreement for convenience at any time by thirty (30) days’ prior written notice to the other parties.”
Material Agreements
SANMINA CORP entered into Truist Receivables Purchase Agreement with Truist Bank valued at $450 million (effective 2023-08-31).
“On August 31, 2023, Sanmina Corporation (the “Company”) entered into a Receivables Purchase Agreement (the “Truist Receivables Purchase Agreement”), by and among the Company, Sanmina-SCI Systems Singapore Pte. Ltd., Sanmina-SCI Systems (Malaysia) Sdn. Bhd. and any other seller from time to time party thereto (collectively, the “Sellers”), the Company, as guarantor, Truist Bank (“Truist”) and each other buyer from time to time party thereto (collectively, the “Buyers”), and Truist, as administrative agent.”
Earnings Releases
SANMINA CORP reported fiscal third quarter ended July 1, 2023 results: revenue $2.21 billion.
“Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended July 1, 2023 and outlook for its fiscal fourth quarter ending September 30, 2023. Third Quarter Fiscal 2023 Financial Highlights § Revenue: $2.21 billion § GAAP operating margin: 4.9% § GAAP diluted EPS: $1.28 § Non-GAAP (1) operating margin: 5.7% § Non-GAAP diluted EPS: $1.55”
Mythili Sankaran was appointed as member of the Board of Directors at SANMINA CORP.
“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.”
Susan K. Barnes was appointed as member of the Board of Directors at SANMINA CORP.
“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.”
Earnings Releases
SANMINA CORP reported for the fiscal second quarter ended April 1, 2023 results: revenue Revenue: $2.32 billion, EPS GAAP diluted EPS: $1.33; Non-GAAP diluted EPS: $1.59.
“Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported preliminary financial results for the fiscal second quarter ended April 1, 2023 and outlook for its fiscal third quarter ending July 1, 2023. Second Quarter Fiscal 2023 Financial Highlights § Revenue: $2.32 billion § GAAP operating margin: 5.2% § GAAP diluted EPS: $1.33 § Non-GAAP (1) operating margin: 5.8% § Non-GAAP diluted EPS: $1.59”
Auditor Changes
SANMINA CORP reported that prior financial statements should not be relied upon.
“the Audit Committee concluded that the consolidated financial statements for the Affected Periods included in the Company’s Annual Reports on Form 10-K for the fiscal years ended October 3, 2020, October 2, 2021 and October 1, 2022 and the unaudited condensed consolidated financial statements included in the Company’s Quarterly Reports on Form 10-Q for the quarterly fiscal periods included in such fiscal years and for the first fiscal quarter ended December 31, 2022 should no longer be relied upon”
Shareholder Votes
SANMINA CORP shareholders approved To approve the reservation of an additional 1,200,000 shares of Common Stock for issuance under the 2019 Plan. at the 2023-03-13 meeting.
“To approve the reservation of an additional 1,200,000 shares of Common Stock for issuance under the 2019 Plan.”
Shareholder Votes
SANMINA CORP shareholders approved To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers, as disclosed in the Proxy Statement for the 2023 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensat at the 2023-03-13 meeting.
“To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers, as disclosed in the Proxy Statement for the 2023 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.”
Shareholder Votes
SANMINA CORP shareholders approved To approve the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the fiscal year ending September 30, 2023. at the 2023-03-13 meeting.
“To approve the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the fiscal year ending September 30, 2023.”
Shareholder Votes
SANMINA CORP shareholders approved To elect eight directors to serve for the ensuing year and until their successors are appointed or elected. at the 2023-03-13 meeting.
“To elect eight directors to serve for the ensuing year and until their successors are appointed or elected.”
Earnings Releases
SANMINA CORP reported fiscal first quarter ended December 31, 2022 results: revenue $2.36 billion, EPS $1.48.
“for the fiscal first quarter ended December 31, 2022 and outlook for its fiscal second quarter ending April 1, 2023. First Quarter Fiscal 2023 Financial Highlights § Revenue: $2.36 billion § GAAP operating margin: 5.2% § GAAP diluted EPS: $1.48 § Non-GAAP (1) operating margin: 5.8% § Non-GAAP diluted EPS: $1.64 Additional First Quarter Highlights § Cash flow from”
David V. Hedley III was appointed as Director at SANMINA CORP.
“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.”
Earnings Releases
SANMINA CORP reported financial results for fourth quarter and fiscal year ended October 1, 2022.
“On November 7, 2022, Sanmina Corporation (the "Company") issued the press release attached as Exhibit 99.1 announcing unaudited financial results for its fiscal quarter and year ended October 1, 2022.”
Dennis Young departed as Executive Vice President, Worldwide Sales at SANMINA CORP.
“Dennis Young, Executive Vice President, Worldwide Sales of the Company, will retire from his position with the Company on December 31, 2021, but will continue to serve in an advisory capacity through April 30, 2022.”
Susan A. Johnson was appointed as Director at SANMINA CORP.
“On December 6, 2021, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan A. Johnson as a member of the Board of Directors of the Company.”
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