SAN JOSE, Calif. — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the third quarter ended June 27, 2026 and outlook for its fourth fiscal quarter ending October 3, 2026.
Third Quarter Fiscal 2026 Financial Highlights
- Revenue: $3.46 billion
- GAAP operating margin: 6.4%
- GAAP diluted EPS: $2.12
- Non-GAAP(1) operating margin: 8.0%
- Non-GAAP(1) diluted EPS: $3.31
Additional Highlights
- Cash flow from operations: $124 million
- Free cash flow(2): $24 million
- Ending cash and cash equivalents: $1.84 billion
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(1) |
See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release. |
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(2) |
Free cash flow is defined as net cash provided by operating activity adjusted for net purchases of property and equipment. See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release. |
“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,” stated Jure Sola, Chairman and CEO of Sanmina Corporation.
“During the quarter, we secured more customer orders in both core Sanmina and ZT Systems, expanded our capabilities, increased capacity and made progress in achieving additional synergies through vertical integration. We have established a strong foundation and continue to make strategic investments to support future growth. As momentum builds across our business, we see strong demand for fiscal 2027, with growth ramping throughout the year and into fiscal 2028.”
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Fourth Quarter Fiscal 2026 Outlook |
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Revenue: |
$3.3 billion – $3.6 billion |
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Non-GAAP operating margin(3): |
7.5% – 8.0% |
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Non-GAAP diluted EPS(3): |
$3.05 – $3.35 |
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Fiscal 2026 Outlook |
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Prior |
Updated |
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Revenue: |
$13.7 billion – $14.3 billion |
$14.0 billion – $14.3 billion |
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Non-GAAP operating margin(3): |
6.3% – 6.6% |
6.85% – 7.25% |
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Non-GAAP diluted EPS(3): |
$10.75 – $11.35 |
$11.90 – $12.20 |
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(3) |
This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort. |
Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the third quarter and outlook for the fourth quarter of fiscal 2026 on Monday, July 27, 2026 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference call will also be webcast live over the Internet. You can log on to the live webcast at Q3’26 Earnings. Additional information in the form of a slide presentation is available on Sanmina’s website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 70899#.
