SANM
TechnologySanmina Corporation · Hardware, Equipment & Parts · $13B
What is Sanmina Corporation?
Sanmina Corporation is a global provider of integrated manufacturing solutions serving original equipment manufacturers across industrial, medical, defense, automotive, and communications markets. Headquartered in San Jose, California, the company operates across two core business segments.
Sanmina generates revenue by delivering end-to-end manufacturing services — from product design and engineering through assembly, testing, and after-market support. Its two segments, Integrated Manufacturing Solutions and Components, Products and Services, allow it to serve OEM customers needing both contract manufacturing and specialized components. The company also provides supply chain management, direct order fulfillment, and cloud-based manufacturing execution software, positioning itself as a full-service outsourced manufacturing partner.
Sanmina was founded in 1980 and is headquartered in San Jose, California.
- Printed circuit board fabrication and backplane interconnect systems
- Defense and aerospace components and subassemblies
- Precision mechanical enclosures and machining
- After-market repair, logistics, and supply chain services
- Cloud-based manufacturing execution software
Is SANM a Good Stock to Buy?
UQS Score rates SANM as Below Average overall, reflecting meaningful structural challenges across several key pillars.
Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the market may not be pricing in significant premium for SANM's earnings profile. Growth comes in at a Neutral rating, indicating the business is neither accelerating meaningfully nor contracting sharply.
Quality, Moat, and Risk are all rated Weak, pointing to thin competitive differentiation, limited pricing power typical of contract manufacturing, and elevated operational or financial risk factors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does SANM pay dividends?
No — Sanmina Corporation does not currently pay a dividend.
Sanmina does not currently pay a dividend. Contract manufacturers operating in competitive, capital-intensive environments often prioritize reinvestment in capacity, technology, and working capital over shareholder distributions. Investors seeking income from this sector may need to look elsewhere, while those focused on operational reinvestment may find this approach consistent with the business model.
When does SANM report earnings?
Sanmina reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Growth pillar is rated Neutral, suggesting recent results have been neither a standout positive nor a significant negative relative to expectations. Contract manufacturing revenue can fluctuate with OEM customer demand cycles and supply chain conditions.
For the most recent quarter's results and guidance, visit Sanmina Corporation's investor relations page directly.
SANM Price History
+313.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Sanmina Corporation?
Based on Sanmina Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
SANM Long-term Outlook
Sanmina's fundamental outlook reflects a business navigating a competitive contract manufacturing landscape without a strong moat to insulate margins. The Neutral Growth rating suggests the trajectory is stable but not expansionary in a meaningful way. Weak Risk and Quality ratings indicate that execution consistency and balance sheet resilience remain areas to watch. Valuation rated Good may offer some downside cushion, but structural headwinds limit the near-term upside case.
Growth drivers
- Diversified end-market exposure across defense, medical, and industrial sectors
- Growing OEM demand for outsourced manufacturing and supply chain services
- Expansion of cloud-based manufacturing software capabilities
Key risks
- Low competitive differentiation in a commoditized contract manufacturing market
- Customer concentration and OEM spending cycle sensitivity
- Operational and financial risk factors flagged by the Weak Risk pillar rating
SANM vs Peers
Sanmina operates in the broader technology manufacturing and components space alongside several peers with distinct business models.
Cognex focuses on machine vision systems and industrial automation software, giving it a higher-margin, IP-driven model compared to Sanmina's services-oriented manufacturing approach.
Littelfuse specializes in circuit protection components and sensors, competing in the components segment with more proprietary product lines than Sanmina's contract-driven portfolio.
Vicor designs and manufactures power components with a focus on proprietary power delivery architectures, differentiating itself through technology ownership rather than broad-based contract manufacturing.
Frequently Asked Questions
What does Sanmina Corporation do?
Sanmina provides integrated manufacturing solutions for original equipment manufacturers worldwide. Services span product design, circuit board fabrication, assembly, testing, logistics, and after-market support. The company serves industries including industrial, medical, defense, automotive, and communications through two operating segments.
Does SANM pay dividends?
Sanmina does not currently pay a dividend. The company operates in a capital-intensive contract manufacturing environment where reinvestment in operations and working capital tends to take priority over shareholder distributions. Income-focused investors should factor this into their assessment.
When does SANM report earnings?
Sanmina follows a standard quarterly earnings reporting cadence. Specific dates are not covered by our data source. For the most up-to-date schedule, check Sanmina's investor relations page or a financial calendar service.
Is SANM a good stock to buy?
UQS Score rates SANM as Below Average, driven by Weak ratings across Quality, Moat, and Risk pillars. The Valuation pillar is rated Good, which may offer some relative support. Whether it fits your portfolio depends on your risk tolerance and investment criteria — view the full breakdown with a Pro account.
Is SANM overvalued?
The UQS Valuation pillar for SANM is rated Good, suggesting the stock does not appear to carry a significant premium relative to its fundamentals. However, valuation alone does not tell the full story — weak quality and moat ratings are important context when assessing whether the price is justified.
How does SANM compare to its competitors?
Compared to peers like Cognex, Littelfuse, and Vicor, Sanmina operates with a broader but less differentiated service model. Those competitors tend to rely more on proprietary technology or components, which can support stronger moats and margins than contract manufacturing typically allows.
What is SANM's market cap bracket?
Sanmina is classified as a mid-cap stock. This places it in a range that typically offers more liquidity than small-cap names while remaining more nimble than large-cap peers, though mid-caps can carry their own volatility characteristics.
Who founded Sanmina Corporation?
Sanmina Corporation was founded in 1980. Detailed founding history, including founder names, is widely available through public sources such as the company's official website and investor relations materials.
Is SANM a long-term quality investment?
From a long-term quality perspective, SANM's Below Average UQS Score — with Weak ratings in Quality, Moat, and Risk — raises questions about durable competitive advantage and earnings consistency. The Neutral Growth and Good Valuation ratings provide some balance, but long-term quality indicators are mixed. Pro members can view the complete analysis.
What is the main competitive advantage of Sanmina?
Sanmina's breadth of services — spanning design, fabrication, assembly, logistics, and after-market support — positions it as a one-stop manufacturing partner for OEMs. However, the UQS Moat pillar rates this advantage as Weak, reflecting the competitive and commoditized nature of the contract manufacturing industry.
What sector does SANM belong to?
Sanmina is classified within the Technology sector, specifically operating as an electronics manufacturing services and components provider. Its customer base spans industrial, medical, defense, automotive, and communications end markets, giving it broad sector exposure within that classification.
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Pro Analysis
SANM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 39.5 | 25.3 | 21.0 | 56.2 | 47.2 | 63.8 | +2.1 |
| May 10, 2026 | 37.4 | 3.2 | 21.0 | 56.2 | 60.0 | 74.0 | -0.2 |
| May 8, 2026 | 37.6 | 3.2 | 21.0 | 56.2 | 60.0 | 75.3 | -1.3 |
| May 7, 2026 | 38.9 | 26.5 | 21.0 | 56.2 | 35.9 | 69.2 | -0.3 |
| May 3, 2026 | 39.2 | 26.5 | 21.0 | 56.2 | 35.9 | 71.2 | -0.6 |
| May 1, 2026 | 39.8 | 26.5 | 21.0 | 56.2 | 35.9 | 75.6 | +0.2 |
| Apr 26, 2026 | 39.6 | 26.5 | 21.0 | 56.2 | 35.9 | 74.0 | -0.5 |
| Apr 19, 2026 | 40.1 | 26.5 | 21.0 | 56.2 | 35.9 | 77.0 | -0.6 |
| Apr 18, 2026 | 40.7 | 26.5 | 21.0 | 56.2 | 35.9 | 81.2 | -0.9 |
| Apr 14, 2026 | 41.6 | 26.5 | 21.0 | 56.2 | 35.9 | 87.2 | -0.2 |
SANM — Pillar Breakdown
Quality
— 25.2/100 (25%)Sanmina Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 56.2/100 (20%)Sanmina Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 47.2/100 (15%)Sanmina Corporation has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 62.9/100 (15%)Sanmina Corporation trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)Sanmina Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SANM.
Score Composition
Financial Data
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How is the SANM UQS Score Calculated?
The UQS (Unified Quality Score) for Sanmina Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Sanmina Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Sanmina Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.