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.
| Type | Public | |
| Founded | 1980 | |
| HQ | San Jose, CA, US | Map |
| Website | sanmina.com | |
| Employee Ratings | More | |
| Overall Culture | F | More |
Key People/Management at Sanmina
Jure Sola
Chairman and Chief Executive Officer
Kurt Adzema
Chief Financial Officer
Alan Reid
Executive Vice President, Global Human Resources
Dennis Young
Executive Vice President, Sales
Paige Melching
Senior Vice President, Marketing and Investor Communications
Eugene A. Delaney
Director
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
Sanmina Financials and Metrics
Sanmina Revenue
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
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.7b | 1.7b | 1.8b | 2.2b | 2.1b | 2.0b | 1.8b | 1.6b | 1.7b | 1.8b | 1.7b |
Cost of goods sold | 1.6b | 1.6b | 1.7b | 2.0b | 2.0b | 1.9b | 1.7b | 1.5b | 1.5b | 1.6b | 1.6b |
Gross profit | 109.5m | 114.7m | 118.5m | 149.3m | 153.1m | 147.8m | 134.9m | 107.4m | 131.5m | 141.2m | 143.1m |
Gross profit Margin, % | 6% | 7% | 7% | 7% | 7% | 7% | 7% | 7% | 8% | 8% | 8% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 404.9m | 405.3m | 404.8m | 409.3m | 405.5m | 414.3m | 430.6m | 1.1b | 1.1b | 516.0m | 575.2m |
Accounts Receivable | 1.1b | 1.1b | 1.2b | 1.3b | 1.3b | 1.2b | 1.1b | 918.6m | 1.0b | 1.1b | 1.1b |
Prepaid Expenses | 38.6m | ||||||||||
Inventories | 1.1b | 1.1b | 1.2b | 1.1b | 1.0b | 915.2m | 843.8m | 883.7m | 883.7m | 819.5m | 785.4m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (154.9m) | (130.3m) | (96.3m) | 38.0m | 78.8m | 121.8m | 38.3m | 43.2m | 88.1m | 48.0m | 95.1m |
Depreciation and Amortization | 29.6m | 59.5m | 89.1m | 29.8m | 58.9m | 88.4m | 28.7m | 56.8m | 85.7m | 27.6m | 54.8m |
Inventories | (28.3m) | (70.2m) | (137.0m) | (30.7m) | 16.6m | 108.0m | 57.4m | 15.3m | 16.7m | 42.3m | 75.3m |
Accounts Payable | 6.3m | (34.5m) | 87.1m | (2.8m) | (85.0m) | (172.7m) | (139.3m) | (185.2m) | (62.8m) | (66.7m) | (99.5m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 195.0k |
Debt/Equity | 0.3 x |
Debt/Assets | 0.1 x |
Financial Leverage | 2.3 x |
Sanmina Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| BreconRidge | April 27, 2010 | $53 m |
| Pentex-Schweizer Circuits | June 28, 2004 | $78.8 m |
| Newisys | July 17, 2003 | |
| SCI Technology | December 06, 2001 | |
| AET Holdings Limited | ||
| CertainSource Technology Group Inc. | ||
| CST Real Estate LLC | ||
| Davos Group Limited | ||
| Hadco Corporation | ||
| Hadco Santa Clara, Inc. |
Sanmina Revenue Breakdown
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
Sanmina Environment, Social & Governance (ESG) Ratings
Sanmina Online and Social Media Presence
3.62k Twitter followers
Sanmina has 3.62k Twitter Followers. The number of followers has decreased 0.5% month over month and decreased 0.6% quarter over quarter
Sanmina's Trends
Twitter Engagement Stats for @SanminaCorp
4.9k
Tweets
129
Following
3.6k
Followers
17
Tweets last 30 days
1.9
Avg. likes per Tweet
94.1%
Tweets with engagement
Sanmina Company Culture
Overall Culture
F
46/100
CEO Rating
D
58/100
Compensation
F
42/100
Diversity
F
46/100
Sanmina News and Updates
May 03, 2021
: 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…
March 30, 2021
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…
March 10, 2021
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…
February 05, 2021
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
February 04, 2021
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.
February 02, 2021
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.
Sanmina Blogs
May 24, 2021
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…
August 25, 2020
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…
May 05, 2020
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…
March 10, 2020
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 …
November 26, 2019
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…
October 14, 2019
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 …
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.
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