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Sanmina Corp SANM Operating margin

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8.6%+2.6pp
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9.2%+3.3pp
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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
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

Calculated from Sanmina Corp’s reported figures.

Based on trailing twelve months.

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 operating margin?
Sanmina Corp (SANM) reported operating margin of 3.6% in Q1 2026.
How has Sanmina Corp's operating margin changed year-over-year?
Sanmina Corp's operating margin decreased by 20.4% year-over-year, from 4.5% to 3.6%.
What is the long-term trend for Sanmina Corp's operating margin?
Over 5 years (2020 to 2025), Sanmina Corp's operating margin has grown at a 6.7% compound annual growth rate (CAGR), from 3.2% to 4.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.