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 Ratings3.3
Overall CultureF

Latest Updates

Employees (est.) (Oct 2020)37,000(+9%)
Job Openings466
Revenue (FY, 2020)$7 B(-15%)
Share Price (Jun 2021)$42.5(+2%)
Cybersecurity ratingBMore

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
Paige Melching

Paige Melching

Senior Vice President, Marketing and Investor Communications
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 36 other locations
San Jose, CA, US (HQ)
2700 N 1st St
Austin, TX, US
9100 Cameron Rd 200 Bldg
El Paso, TX, US
1220 Don Haskins Dr suite A
Fort Mill, SC, US
355 Crestmont Dr
Fremont, CA, US
42735 Christy St
Huntsville, AL, US
13000 Memorial Pkwy SW
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Sanmina Financials and Metrics

Sanmina Revenue

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Sanmina's revenue was reported to be $6.96 b in FY, 2020 which is a 15.5% decrease from the previous period.
USD

Revenue (Q2, 2021)

1.7b

Gross profit (Q2, 2021)

143.1m

Gross profit margin (Q2, 2021), %

8.4%

Net income (Q2, 2021)

47.0m

EBIT (Q2, 2021)

64.7m

Market capitalization (4-Jun-2021)

2.8b

Closing stock price (4-Jun-2021)

42.5

Cash (3-Apr-2021)

575.2m

EV

2.5b
Sanmina's current market capitalization is $2.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

6.9b7.1b8.2b7.0b

Revenue growth, %

6%4%16%(15%)

Cost of goods sold

6.3b6.6b7.6b6.4b

Gross profit

519.9m463.8m591.9m525.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

1.7b1.7b1.8b2.2b2.1b2.0b1.8b1.6b1.7b1.8b1.7b

Cost of goods sold

1.6b1.6b1.7b2.0b2.0b1.9b1.7b1.5b1.5b1.6b1.6b

Gross profit

109.5m114.7m118.5m149.3m153.1m147.8m134.9m107.4m131.5m141.2m143.1m

Gross profit Margin, %

6%7%7%7%7%7%7%7%8%8%8%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

406.7m419.5m454.7m480.5m

Accounts Receivable

1.1b1.2b1.1b1.0b

Inventories

1.1b1.4b900.6m861.3m

Current Assets

2.6b3.0b2.9b2.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

404.9m405.3m404.8m409.3m405.5m414.3m430.6m1.1b1.1b516.0m575.2m

Accounts Receivable

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

Prepaid Expenses

38.6m

Inventories

1.1b1.1b1.2b1.1b1.0b915.2m843.8m883.7m883.7m819.5m785.4m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

138.8m(95.5m)141.5m139.7m

Depreciation and Amortization

118.8m118.8m116.9m114.2m

Inventories

(104.5m)(324.2m)121.4m39.6m

Accounts Payable

130.6m268.4m(182.5m)(106.6m)
USDFY, 2017

Revenue/Employee

195.0k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x
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Sanmina Operating Metrics

FY, 2017FY, 2018FY, 2019Apr, 2020FY, 2020

Manufacturing Space, sq. ft.

12.69 m12.55 m11.16 m10.94 m

Countries (Manufacturing Sites)

23232221

Industries

9

Services Provided

10
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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: 81.9% from Integrated Manufacturing Solutions and 18.1% from Components, Products and Services

Sanmina revenue breakdown by geographic segment: 36.1% from APAC, 49.6% from Americas and 14.3% from EMEA

Sanmina Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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

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Sanmina Company Culture

  • Overall Culture

    F

    46/100

  • CEO Rating

    D

    58/100

  • Compensation

    F

    42/100

  • Diversity

    F

    46/100

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Sanmina News and Updates

: Sanmina stock slips as earnings beat Street but revenue doesn’t

Sanmina Corp. SANM shares declined in the extended session Monday after the electronics-manufacturing services provider’s earnings topped Wall Street estimates but its revenue didn’t. Samina shares fell 3% after hours, following a 0.7% rise in the regular session to close at $41.12. The company repo…

Astrotech Engages Sanmina to Scale Manufacturing

Astrotech Corporation (NASDAQ: ASTC) announced today that its Astrotech Technologies, Inc. subsidiary has entered into an agreement with Sanmina Corporation to manufacture its mass spectrometry products. Sanmina is a leading integrated manufacturing solutions provider for the Electronics Manufacturi…

Sanmina Corporation (SANM) Soars 2.01% on March 10

Sanmina Corporation (SANM) had a good day on the market for Wednesday March 10 as shares jumped 2.01% to close at $39.56. About 504,853 shares traded hands on 5,773 trades for the day, compared with an average daily volume of n/a shares out of a total float of 64.93 million. After opening the tradin…

Sanmina (NASDAQ:SANM) Lifted to "Buy" at Argus

Sanmina (NASDAQ:SANM) was upgraded by Argus from a "hold" rating to a "buy" rating in a report released on Friday, The Fly reports

Osram selling plant in Bulgaria's Plovdiv to Sanmina Corp

German lighting solutions company Osram said on Thursday that it is selling its plant for production of digital lighting components in the Bulgarian city of Plovdiv to US-based electronics manufacturer Sanmina Corp.

Sanmina Reports First Quarter Fiscal 2021 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 2, 2021 and outlook for the fiscal second quarter ending April 3, 2021.
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Sanmina Blogs

Viking Enterprise Solutions Introduces New NVMe-over-Fabrics Enterprise Storage Solution for High Performance Applications

Leading-Edge Design of VDS2249R Provides Optimal Performance of over 15M IOPs with Extremely Low Latency of Less than 10µs SAN JOSE, Calif. – May 24, 2021 – Viking Enterprise Solutions, a product division of Sanmina Corporation (Nasdaq: SANM), today announced the VDS2249R, a new 2U enterprise NVMe-o…

Sanmina Bolsters Backplane Testing Capabilities at Sites in California and Mexico

Adds RoBAT RCI Testing Technology to Accelerate Time to Market for Communications, Datacenter, Defense and Aerospace and Storage Customers SAN JOSE, Calif. – August 25, 2020 – Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutions company that manufactures some of the world…

Sanmina Achieves Medical Device Single Audit Program Certification at Facilities in Malaysia, Singapore and Sweden

Enables a Single Audit at Each Site to Satisfy Quality Requirements across Australia, Brazil, Canada, Japan and the U.S; Reduces Regulatory Risk during the Manufacturing of Medical Devices SAN JOSE, Calif. – May 5, 2020 – Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutio…

Sanmina Expands Thailand Facility; Adds Custom Microelectronics and Optical Assembly Capabilities to Support High Growth Markets

Provides Advanced Custom Packaging and Assembly for Products across the Networking, 5G, Data Center, Automotive/LIDAR and Aerospace and Defense Markets SAN JOSE, Calif. – March 10, 2020 – Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutions company that manufactures some …

Sanmina Achieves IATF 16949:2016 Certification for Automotive Manufacturing in Chennai India

SAN JOSE, Calif. – November 26, 2019 – Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutions company that manufactures some of the world’s most complex and innovative electronic, optical and mechanical products, today announced that it has achieved the IATF 16949:2016 cert…

Kurt Adzema Joins Sanmina as Chief Financial Officer

SAN JOSE, Calif., Oct. 14, 2019 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced Kurt Adzema has joined the Company as Executive Vice President and Chief Financial Officer. Mr. Adzema succeeds David …
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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 37,000 employees.

  • What is Sanmina revenue?

    Latest Sanmina annual revenue is $7 b.

  • What is Sanmina revenue per employee?

    Latest Sanmina revenue per employee is $188.1 k.

  • Who are Sanmina competitors?

    Competitors of Sanmina include Creation Technologies, FIH Mobile and Yageo.

  • 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 36 other locations.

  • How many offices does Sanmina have?

    Sanmina has 46 offices.