Pulling SEC filings + quote and writing the call…

SANMINA CORP
Next earnings Jul 27, 2026 · consensus $2.83 EPS, $3.46B rev
Last earnings -2.1% on 2026-04-27
Solid but low-margin contract manufacturer (3% net margin) trading at an unjustifiable 54.1x P/E on flat multi-year earnings.
Sanmina is a competent electronics-manufacturing-services (EMS) provider, but the stock's valuation is wildly disconnected from the economics of the business. FY2025 revenue grew 7.4% to $8.13B with net income up 10.5% to $246M and diluted EPS up 14.1% to $4.46. The operating improvements are real — gross profit rose 11.9% to $716M and operating cash flow jumped 82.4% to $621M — and the balance sheet is clean, with cash up 48.0% to $926M against just $283M of long-term debt.
Sources: SEC EDGAR (CIK 0000897723, latest 10-Q filed 2026-04-27) · analysis by claude-code · as of 6/21/2026, 8:46:03 PM.
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The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.74B | $7.92B | $8.94B | $7.57B | $8.13B |
| Gross profit | $526M | $622M | $743M | $640M | $716M |
| Operating income | $256M | $349M | $456M | $335M | $355M |
| Net income | $250M | $240M | $310M | $223M | $246M |
| Diluted EPS | $3.72 | $3.81 | $5.18 | $3.91 | $4.46 |
| Net margin | 3.7% | 3.0% | 3.5% | 2.9% | 3.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 9 sales
| 2026-05-29 | Faust Jonathan P EVP & CFO | Sell | 5.04K @ $265.73 | $1.34M |
| 2026-05-29 | Faust Jonathan P EVP & CFO | Sell | 5.04K @ $265.86 | $1.34M |
| 2026-05-26 | REID ALAN McWILLIAMS EVP, Global Human Resources | Sell | 5.00K @ $254.39 | $1.27M |
| 2026-05-08 | REID ALAN McWILLIAMS EVP, Global Human Resources | Sell | 1.00K @ $248.60 | $249K |
| 2026-05-06 | SOLA JURE Chairman & CEO | Sell | 118K @ $228.84 | $27.1M |
| 2026-05-04 | REID ALAN McWILLIAMS EVP, Global Human Resources | Sell | 1.00K @ $225.00 | $225K |
| 2026-05-01 | Hedley David V III Director | Sell | 500.00 @ $219.52 | $110K |
| 2026-05-01 | REID ALAN McWILLIAMS EVP, Global Human Resources | Sell | 1.00K @ $218.17 | $218K |
| 2026-04-30 | Venkatesh Vishnu See Remarks | Sell | 2.27K @ $212.80 | $484K |