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.”
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”
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