# Sanmina Corporation (SANM) · Edgar & Edgarette company card

> Sanmina (SANM) grew revenue 7.4% in FY2025 to $8.1 billion, operating margin 4.4%, in line with the 4.6% median for printed circuit boards, equity 43.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 897723 · fiscal year ended 2025-09-27 · 5 audited years read · [page](https://www.pops4.com/boards/company/SANM) · [JSON](https://www.pops4.com/boards/company/SANM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $8.1B |
| Revenue growth, 1 year | 7.4% |
| Revenue growth per year | 4.8% |
| Operating margin | 4.4% (prior year 4.4%) |
| Net margin | 3.3% |
| Operating cash flow | $621M |
| Capital spending | $147M |
| Free cash flow | $473M |
| Cash | $926M |
| Long-term debt | $283M |
| Total assets | $5.9B |
| Total equity | $2.5B |
| Equity ÷ assets | 43.3% |
| Return on equity | 10.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 2.13 (grey zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $8.1B (FY2025), total debt $283.0M. Experience: revenue up 7.4% on the year, up 4.8% a year over 4 years; operating margin 4.4%, down from 4.4%. Soundness: equity 43.3% of assets, return on equity 10.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.9B and $9.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $6.1B to $11.3B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, printed circuit boards): operating margin 4.4% against a 4.6% median; growth 7.4% against 6.3%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-09-15 ([filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000041/0000897723-26-000041-index.htm))

## Recent filings

- 8-K · filed 2026-09-15 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000041/0000897723-26-000041-index.htm)
- 10-Q · filed 2026-07-27 · [filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000037/0000897723-26-000037-index.htm)
- 8-K · filed 2026-07-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000036/0000897723-26-000036-index.htm)
- 10-Q · filed 2026-04-27 · [filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000025/0000897723-26-000025-index.htm)
- 8-K · filed 2026-04-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/897723/000089772326000024/0000897723-26-000024-index.htm)
- 8-K · filed 2026-03-12 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/897723/000110465926027057/0001104659-26-027057-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000897723.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=897723

## Cite

POPS4, Edgar & Edgarette: Sanmina Corporation (SANM) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SANM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.