Sanmina

OverviewSuggest Edit

Sanmina is a provider of integrated manufacturing solutions, components, products and repair, logistics, and after-market services. It operates in the electronics manufacturing services (EMS) industry and manages its operations as two businesses. The Integrated Manufacturing Solutions (IMS) business offers printed circuit board assembly and test, final system assembly and test, and direct-order-fulfillment. The Components, Products and Services (CPS) business provides interconnect systems, mechanical systems, memory, radio frequency, optical and microelectronic solutions, defense and aerospace products, and cloud-based manufacturing execution software. Sanmina caters to original equipment manufacturers in various industries, including medical, defense and aerospace, automotive, communications networks, etc.
TypePublic
Founded1980
HQSan Jose, CA, US
Websitesanmina.com
Employee Ratings3.5
Overall CultureF

Latest Updates

Employees (est.) (Oct 2021)35,000(-5%)
Job Openings834
Revenue (FY, 2021)$6.8 B(-2%)
Share Price (May 2022)$40.4(+4%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Sanmina

Jure Sola

Jure Sola

Chairman and Chief Executive Officer
Kurt Adzema

Kurt Adzema

Chief Financial Officer
Alan Reid

Alan Reid

Executive Vice President, Global Human Resources
Dennis Young

Dennis Young

Executive Vice President, Sales
Susan A. Johnson

Susan A. Johnson

Director
Eugene A. Delaney

Eugene A. Delaney

Director
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Sanmina Office Locations

Sanmina has offices in San Jose, Austin, El Paso, Fort Mill and in 38 other locations
San Jose, CA, US (HQ)
2700 N 1st St
Austin, TX, US
9100 Cameron Rd 200 Bldg
El Paso, TX, US
Plant #1382, 1220 Don Haskins Dr A
Fort Mill, SC, US
355 Crestmont Dr
Fremont, CA, US
42735 Christy St
Huntsville, AL, US
13000 S Memorial Pkwy
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Sanmina Financials and Metrics

Sanmina Revenue

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Sanmina's revenue was reported to be $6.76 b in FY, 2021 which is a 2.9% decrease from the previous period.
USD

Revenue (Q1, 2022)

1.8b

Gross profit (Q1, 2022)

144.5m

Gross profit margin (Q1, 2022), %

8.2%

Net income (Q1, 2022)

58.6m

EBIT (Q1, 2022)

81.4m

Market capitalization (13-May-2022)

2.6b

Closing stock price (13-May-2022)

40.4

Cash (1-Jan-2022)

627.7m

EV

2.3b
Sanmina's current market capitalization is $2.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

7.1b8.2b7.0b6.8b

Revenue growth, %

4%16%(15%)(3%)

Cost of goods sold

6.6b7.6b6.4b6.2b

Gross profit

463.8m591.9m525.7m551.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

2.2b2.1b2.0b1.8b1.6b1.7b1.8b1.7b1.7b1.8b

Cost of goods sold

2.0b2.0b1.9b1.7b1.5b1.5b1.6b1.6b1.5b1.6b

Gross profit

149.3m153.1m147.8m134.9m107.4m131.5m141.2m143.1m136.6m144.5m

Gross profit Margin, %

7%7%7%7%7%8%8%8%8%8%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

454.7m480.5m650.0m

Accounts Receivable

1.1b1.0b1.2b

Inventories

900.6m861.3m1.0b

Current Assets

2.9b2.8b3.3b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

430.6m1.1b1.1b516.0m575.2m623.8m627.7m

Accounts Receivable

1.1b918.6m1.0b1.1b1.1b1.2b1.3b

Inventories

843.8m883.7m883.7m819.5m785.4m892.6m1.2b

Current Assets

2.8b3.4b3.5b2.8b2.9b3.1b3.6b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

141.5m139.7m269.0m

Depreciation and Amortization

116.9m114.2m109.7m

Inventories

121.4m39.6m(167.2m)

Accounts Payable

(182.5m)(106.6m)236.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

38.3m43.2m88.1m48.0m95.1m212.4m58.6m

Depreciation and Amortization

28.7m56.8m85.7m27.6m54.8m82.2m27.5m

Inventories

57.4m15.3m16.7m42.3m75.3m(22.6m)(207.3m)

Accounts Payable

(139.3m)(185.2m)(62.8m)(66.7m)(99.5m)61.5m234.5m
USDFY, 2018

Revenue/Employee

200.9k
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Sanmina Operating Metrics

FY, 2018FY, 2019FY, 2020FY, 2021

Manufacturing Space, sq. ft.

12.55 m11.16 m10.94 m10.69 m

Countries (Manufacturing Sites)

23222120

Manufacturing Space (India), sq. ft.

353.44 k379.12 k366.28 k366.28 k

Manufacturing Space (Mexico), sq. ft.

2.69 m2.42 m2.42 m2.23 m

Sanmina Acquisitions / Subsidiaries

Company NameDateDeal Size
BreconRidgeApril 27, 2010$53 m
Pentex-Schweizer CircuitsJune 28, 2004$78.8 m
NewisysJuly 17, 2003
SCI TechnologyDecember 06, 2001
AET Holdings Limited
CertainSource Technology Group Inc.
CST Real Estate LLC
Davos Group Limited
Hadco Corporation
Hadco Santa Clara, Inc.
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Sanmina Revenue Breakdown

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Sanmina revenue breakdown by business segment: 19.3% from Components, Products and Services and 80.7% from Integrated Manufacturing Solutions

Sanmina revenue breakdown by geographic segment: 47.1% from Americas, 37.3% from APAC and 15.6% from EMEA

Human Capital Metrics

Source: craft.co
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Sanmina Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Sanmina Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Sanmina Online and Social Media Presence

Embed Graph

Sanmina Company Culture

  • Overall Culture

    F

    51/100

  • CEO Rating

    D

    59/100

  • Compensation

    F

    40/100

  • Diversity

    F

    46/100

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Sanmina News and Updates

Reliance to invest $221 million for electronics manufacturing with Sanmina in India

Reliance Industries plans to invest up to $221 million in American electronics firm Sanmina to set up a joint venture as the Indian giant looks to expand its electronics manufacturing. The joint venture aims to create a “world-class” electronic manufacturing hub in India, the two said. It will prior…

Reliance to invest $200M in Sanmina JV to manufacture electronics hardware in India

The JV between Reliance and Sanmina will prioritise high tech infrastructure hardware for growth markets and across industries such as communications networking, medical and healthcare systems, industrial and cleantech, and defence and aerospace.

Sanmina Reports First Quarter Fiscal 2022 Financial Results

Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal first quarter ended January 1, 2022 and outlook for its fiscal second quarter ending April 2, 2022.

Sanmina Corporation Invites You To Join Its First Quarter Fiscal 2022 Earnings Conference Call

Sanmina Corporation (NASDAQ: SANM) announced today that it will host its first quarter fiscal 2022 earnings conference call on Monday, January 31, 2022 at 5:00 PM ET.

MixComm and Sanmina’s Advanced Microsystems Technologies Division Collaborate to Develop 5G mmWave Solutions

MixComm, the mmWave Antennas to Algorithms™ pioneer, today announced it has selected Advanced Microsystems Technologies, a division of Sanmina (NASDAQ:SANM) as a lead partner to productize its 5G wireless infrastructure solutions. The division will provide design, packaging, assembly, and testing se…

Susan Johnson Joins Sanmina's Board of Directors

Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced the appointment of Susan Johnson, a seasoned executive, to the Company's Board of Directors, effective December 6, 2021.
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Sanmina Blogs

42Q Cloud Manufacturing Solution Now Available in AWS Marketplace

Visit 42Q in Hall 4 Booth #E31 during Hannover Messe and Learn How to Jumpstart Digital Factory Transformation Using 42Q’s Digital Factory Starter Kit SAN JOSE, CALIF. — May 25, 2022 — 42Q, a leading provider of cloud manufacturing solutions, today announced availability of its cloud-based manufactu…

Viking Enterprise Solutions Launches Highly Scalable, On-Premise Software Defined Storage Solution

Cloud Native Obsidian Offers Secure, Flexible and Cost-Effective Alternative to Public Cloud Storage Platforms SAN JOSE, Calif. – April 11, 2022 – Viking Enterprise Solutions, a product division of Sanmina Corporation (Nasdaq: SANM), today announced the launch of Cloud Native Obsidian (CNO), an on-p…

SANMINA AND RELIANCE CREATE MANUFACTURING JOINT VENTURE IN INDIA

Supports “Make in India” initiative for State-of-the-Art Electronics Hardware Caters to growing demand for high technology infrastructure hardware in India as well as addresses export opportunities San Jose, CA / Mumbai, March 2, 2022: Sanmina Corporation (Sanmina) (NASDAQ: SANM), a leading integrat…

MixComm and Sanmina’s Advanced Microsystems Technologies Division Collaborate to Develop 5G mmWave Solutions

Partnership will Speed Development and Enhance Manufacturability of 5G mmWave Wireless Infrastructure CHATHAM, NJ., Jan, 18, 2022 – MixComm, the mmWave Antennas to Algorithms™ pioneer, today announced it has selected Advanced Microsystems Technologies, a division of Sanmina (NASDAQ:SANM) as a lead p…

Sanmina Strengthens Focus on Extensive Optical, RF and Microelectronics Capabilities

Brands Optical, RF and Microelectronics Division as Advanced Micro Systems Technologies; Leverages 15 Years of Experience to Capitalize on Growing Demand for Highly-Integrated Technology Products SAN JOSE, Calif. – September 21, 2021 – Sanmina Corporation (NASDAQ: SANM), a leading integrated manufac…

Viking Enterprise Solutions and Kalray announce the co-development of FLASHBOX,™ a new generation of NVMe storage arrays

Powered by Kalray’s Smart Storage Acceleration Card based on its MPPA® DPU, Viking Enterprise Solutions and Kalray collaborate on a breakthrough NVME disaggregated storage solution that addresses NVMe performance bottlenecks, while providing the same ease of use as standard enterprise-grade storage …
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Sanmina Frequently Asked Questions

  • When was Sanmina founded?

    Sanmina was founded in 1980.

  • Who are Sanmina key executives?

    Sanmina's key executives are Jure Sola, Kurt Adzema and Alan Reid.

  • How many employees does Sanmina have?

    Sanmina has 35,000 employees.

  • What is Sanmina revenue?

    Latest Sanmina annual revenue is $6.8 b.

  • What is Sanmina revenue per employee?

    Latest Sanmina revenue per employee is $193 k.

  • Who are Sanmina competitors?

    Competitors of Sanmina include Plexus, Aditya Birla Group and Ultra Clean Technology.

  • Where is Sanmina headquarters?

    Sanmina headquarters is located at 2700 N 1st St, San Jose.

  • Where are Sanmina offices?

    Sanmina has offices in San Jose, Austin, El Paso, Fort Mill and in 38 other locations.

  • How many offices does Sanmina have?

    Sanmina has 44 offices.