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Sanmina Corp SANM Contract Assets

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Other financials

Income statement

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Revenue$3.5B+69.7%
Gross profit$363.3M+101%
Operating income$221.2M+131%
Net income$117.1M+70.7%
EPS (diluted)$2.12+68.3%

Balance sheet

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Cash & equivalents$1.9B+125%
Total debt$2.4B+568%
Total equity$2.8B+11.5%
Total assets$9.7B+86.5%

Cash flow

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Operating cash flow$124.5M-38.0%
CapEx$100.9M+172%
Free cash flow$23.6M-85.6%

Valuation

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Market cap$10.67B+70.5%
Enterprise value$11.22B+93.9%
P/E34.6×+10.5×
P/S0.8×+0.1×

Profitability

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Gross margin9%+0.4pp
Operating margin4.2%-0.4pp
Net margin2.4%-0.8pp
FCF margin4.7%+0.1pp

Returns & leverage

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Return on equity11.8%+1.0pp
Debt / equity0.9×+0.7×
Current ratio1.8×-0.1×

Where this comes from

Reported directly by Sanmina Corp in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The source filing: Sanmina Corp’s 10-Q, filed July 27, 2026.

Filed
Jul 27, 2026, 4:06 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0000897723-26-000037
Line itemAs of / June 27,2026As of / September 27,2025
Current assets:
Cash and cash equivalents$1,844,942$926,267
Accounts receivable, net of allowances of approximately $8 million as of June 27, 2026 and September 27, 20251,986,6821,400,129
Contract assets522,364425,944
Inventories3,152,2471,988,462
Prepaid expenses and other current assets322,179124,656
Total current assets7,828,4144,865,458
Property, plant and equipment, net1,051,414682,354

ITEM 1. Interim Financial Statements (Unaudited)

FAQ

What is Sanmina Corp's contract assets?
Sanmina Corp (SANM) reported contract assets of $522.36M in Q2 2026.
How has Sanmina Corp's contract assets changed year-over-year?
Sanmina Corp's contract assets increased by 26.9% year-over-year, from $411.71M to $522.36M.
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 recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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