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Sanmina Corp SANM Change in AP

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Other financials

Income statement

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Revenue$4.0B+102%
Gross profit$353.8M+101%
Operating income$157.0M+71.4%
Net income$93.6M+45.8%
EPS (diluted)$1.70+46.6%

Balance sheet

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Cash & equivalents$1.6B+137%
Total debt$2.4B+561%
Total equity$2.6B+9.0%
Total assets$9.7B+94.7%

Cash flow

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Operating cash flow$398.8M+154%
CapEx$56.7M+84.7%
Free cash flow$342.0M+171%

Valuation

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Market cap$12.94B+172%
Enterprise value$13.74B+214%
P/E49.9×+30.2×
P/S1.1×+0.5×

Profitability

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Gross margin8.5%0.0pp
Operating margin3.6%-0.9pp
Net margin2.3%-0.8pp
FCF margin6.5%+3.1pp

Returns & leverage

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Return on equity10.4%+0.1pp
Debt / equity0.9×+0.8×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Sanmina Corp in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Sanmina Corp’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sanmina Corp's change in AP?
Sanmina Corp (SANM) reported change in AP of $130.95M in Q1 2026.
How has Sanmina Corp's change in AP changed year-over-year?
Sanmina Corp's change in AP increased by 418.3% year-over-year, from -$41.15M to $130.95M.
What is the long-term trend for Sanmina Corp's change in AP?
Over 3 years (2021 to 2025), Sanmina Corp's change in AP has grown at a -25.9% compound annual growth rate (CAGR), from $243.83M to $99.05M.
What does change in AP mean?
The change in money the company owes to its suppliers.
How do you interpret change in AP?
An increase is generally positive for cash flow, as it allows the company to retain cash longer, provided it does not damage supplier relationships.
How does change in AP compare across companies?
Benchmark against Days Payable Outstanding (DPO); peers with strong bargaining power often maintain higher payable balances.