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Sanmina Corp SANM Contract Assets

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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:ContractWithCustomerAssetNetCurrent.

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 contract assets?
Sanmina Corp (SANM) reported contract assets of $473.14M in Q1 2026.
How has Sanmina Corp's contract assets changed year-over-year?
Sanmina Corp's contract assets increased by 23.0% year-over-year, from $384.63M to $473.14M.
What is the long-term trend for Sanmina Corp's contract assets?
Over 5 years (2020 to 2025), Sanmina Corp's contract assets has grown at a 1.4% compound annual growth rate (CAGR), from $396.58M to $425.94M.
What does contract assets mean?
Revenue earned from work performed that has not yet been formally billed to the customer.
How do you interpret contract assets?
An increase indicates significant ongoing project work, while a decrease suggests successful billing and conversion to accounts receivable.
How does contract assets compare across companies?
Common in contract manufacturing; high levels relative to revenue may indicate long project cycles.