OverviewSuggest Edit

Sanmina is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It delivers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release, and manufacturing solutions of components, subassemblies, and complete systems. The company also offers final system assembly and test services, direct order fulfillment and logistics services, after-market product service and support, and supply chain management services. In addition, it provides interconnect systems, mechanical systems, memory, radio frequency, optical, and microelectronic solutions, defense and aerospace products, storage solutions, and cloud-based manufacturing execution software.
TypePublic
Founded1980
HQSan Jose, US
Websitesanmina.com
Employee Ratings3

Latest Updates

Employees (est.) (Sept 2019)34,000(-3%)
Job Openings314
Revenue (FY, 2019)$8.2 B(+16%)
Share Price (Sept 2020)$27.7 (+3%)
Cybersecurity ratingBMore

Key People/Management at Sanmina

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
Eugene A. Delaney

Eugene A. Delaney

Director
John P. Goldsberry

John P. Goldsberry

Director
Rita S. Lane

Rita S. Lane

Director
Show more

Sanmina Office Locations

Sanmina has offices in San Jose, Austin, El Paso, Fort Mill and in 37 other locations
San Jose, US (HQ)
2700 N 1st St
Austin, US
9100 Cameron Rd 200 Bldg
El Paso, US
1220 Don Haskins Dr suite A
Fort Mill, US
355 Crestmont Dr
Fremont, US
42735 Christy St
Huntsville, US
13000 Memorial Pkwy SW
Show all (45)

Sanmina Financials and Metrics

Sanmina Revenue

Embed Graph
View revenue for all periods
Sanmina's revenue was reported to be $8.23 b in FY, 2019 which is a 15.8% increase from the previous period.
USD

Revenue (Q3, 2020)

1.7b

Gross profit (Q3, 2020)

131.5m

Gross profit margin (Q3, 2020), %

7.9%

Net income (Q3, 2020)

44.9m

EBIT (Q3, 2020)

64.1m

Market capitalization (16-Sept-2020)

1.9b

Closing stock price (16-Sept-2020)

27.7

Cash (27-Jun-2020)

1.1b

EV

1.8b
Sanmina's current market capitalization is $1.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

6.9b7.1b8.2b

Revenue growth, %

6%4%16%

Cost of goods sold

6.3b6.6b7.6b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

406.7m419.5m454.7m

Accounts Receivable

1.1b1.2b1.1b

Inventories

1.1b1.4b900.6m

Current Assets

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

Cash

404.9m405.3m404.8m409.3m405.5m414.3m430.6m1.1b1.1b

Accounts Receivable

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

Prepaid Expenses

46.0m

Inventories

1.1b1.1b1.2b1.1b1.0b915.2m843.8m883.7m883.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

138.8m(95.5m)141.5m

Depreciation and Amortization

118.8m118.8m116.9m

Inventories

(104.5m)(324.2m)121.4m

Accounts Payable

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

EV/EBIT

12.7 x

EV/CFO

11.4 x

Revenue/Employee

195.0k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x

P/E Ratio

20.9
Show all financial metrics

Sanmina Operating Metrics

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

Manufacturing Space, sq. ft.

12.69 m12.55 m11.16 m

Countries (Manufacturing Sites)

23 23 22

Industries

9

Services Provided

10
Show all operating metrics

Sanmina Acquisitions / Subsidiaries

Company NameDateDeal Size
BreconRidgeApril 27, 2010$53 m
Pentex-Schweizer CircuitsJune 28, 2004$78.80 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.
Show more

Sanmina Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Sanmina Revenue Breakdown

Embed Graph

Sanmina revenue breakdown by business segment: 81.6% from Integrated Manufacturing Solutions and 18.4% from Components, Products and Services

Sanmina revenue breakdown by geographic segment: 12.8% from EMEA, 36.3% from APAC and 50.9% from Americas

Sanmina Online and Social Media Presence

Embed Graph

Sanmina News and Updates

Sanmina CEO Liebel leaves company after less than 11 months in the role

Sanmina Corp. said Monday that Chief Executive Hartmut Liebel is leaving the company, effective immediately, after less than 11 months in the role. The electronics manufacturing services company said Jure Sola, the company's co-founder and executive chairman, will reassume the role of CEO and chair…

Sanmina stock rallies on big earnings, outlook beat

Sanmina Corp. shares rallied in the extended session Wednesday after the electronics manufacturing services provider's earnings and outlook topped Wall Street estimates by a wide margin. Sanmina shares surged 15% after hours, following a 2.5% rise in the regular session to close at $25.84. The comp…

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

SAN JOSE, Calif., Nov. 26, 2019 /PRNewswire/ -- 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...

Sanmina Wins Two ELCINA Awards for Business and Quality Excellence at its Manufacturing Facility in Chennai India

SAN JOSE, Calif., Oct. 31, 2019 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutions company that makes some of the world's most complex and innovative electronic, optical and mechanical products, today announced that it has won two awards from...

Sanmina shares drop more than 10% on outlook, layoffs

Sanmina Corp. shares dropped in the extended session Monday after the electronics manufacturing services provide issued a disappointing outlook and announced a "right-sizing" plan. Sanmina shares fell 14% after hours, following a 1% rise in the regular session to close at $31.80. For the first fisc…

Sanmina names Kurt Adzema its new CFO

Sanmina Corp. said late Monday that Kurt Adzema has joined the electronics maker as its chief financial officer, succeeding David Anderson, who in January announced his intention to retire. Anderson "will help facilitate a smooth transition" and will remain an adviser to Sanmina's executive chairma…
Show more

Sanmina Blogs

Krish Prabhu Joins Sanmina’s Board of Directors

SAN JOSE, Calif., Sept. 10, 2019 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced the appointment of Krish Prabhu to the Company’s Board of Directors. Prabhu is a seasoned telecommunications executiv…

42Q Achieves ‘Built for NetSuite’ Status

SAN JOSE, CALIF. — August 27, 2019 — 42Q, a leading provider of cloud manufacturing solutions, announced today that its cloud-based manufacturing execution system (MES) has achieved ‘Built for NetSuite’ status. Built using the Oracle NetSuite SuiteCloud Computing platform, the new SuiteApp allows cu…

Viking Enterprise Solutions Wins Third Consecutive “Best of Show Innovation Award” at Flash Memory Summit 2019

SAN JOSE, Calif. – August 22, 2019 – Viking Enterprise Solutions, a product division of Sanmina Corporation (Nasdaq: SANM), today announced that it has won the Best of Show Innovation Award at the 2019 Flash Memory Summit for the Most Innovative Flash Memory Enterprise Business Application. Viking E…

42Q Named Recipient of Supply & Demand Chain Executive’s SDCE 100 Top Supply Chain Projects for 2019

SAN JOSE, CALIF. — August 13, 2019 — 42Q, a leading provider of cloud manufacturing solutions, today announced that it has been named by Supply & Demand Chain Executive as a recipient of the 2019 SDCE 100 Award. The publication identified 42Q as one the best in its field based on its innovative …

Viking Enterprise Solutions to Lead Six Event Activities at Flash Memory Summit 2019

SAN JOSE, Calif. – August 5, 2019 – Viking Enterprise Solutions, a product division of Sanmina Corporation (Nasdaq: SANM), today announced that it will have a significant presence at the upcoming Flash Memory Summit, August 6-8 in Santa Clara, California. Thought leaders from the organization have b…

Viking Enterprise Solutions and ATTO Technology Announce Certification Partnership and Industry-Leading Performance Testing Results

SAN JOSE, Calif. – July 23, 2019 – Viking Enterprise Solutions, a product division of Sanmina Corporation (Nasdaq: SANM), and ATTO Technology, Inc, a global leader in storage and network connectivity and infrastructure solutions, today announced a partnership to combine their cutting-edge products. …
Show more

Sanmina Frequently Asked Questions

  • When was Sanmina founded?

    Sanmina was founded in 1980.

  • Who are Sanmina key executives?

    Sanmina's key executives are Kurt Adzema, Alan Reid and Dennis Young.

  • How many employees does Sanmina have?

    Sanmina has 34,000 employees.

  • What is Sanmina revenue?

    Latest Sanmina annual revenue is $8.2 b.

  • What is Sanmina revenue per employee?

    Latest Sanmina revenue per employee is $242.2 k.

  • Who are Sanmina competitors?

    Competitors of Sanmina include Yageo, Gentex and MinebeaMitsumi.

  • 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 37 other locations.

  • How many offices does Sanmina have?

    Sanmina has 45 offices.