SANM at a glance
SANMINA CORP (SANM, SEC CIK 897723) filed its latest 10-K annual report on November 13, 2025, a 10-Q quarterly report on July 27, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as September 21, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended September 27, 2025 (FY2025), SANMINA CORP (SANM) reported revenue of $8.1 billion (up 7.4% from FY2024) and net income of $245.9 million. Diluted EPS was $4.46.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding SANMINA CORP (SANM) shares worth $8.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Johnson Susan A on September 17, 2026 of 120 shares at $200.46 per share.
- In the last 90 days, SANM insiders reported 0 open-market purchases ($0) and 2 open-market sales ($48K) on Form 4, a net sale of $48K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $8.1B
- +7.4% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$48K
- 13F holders
- 37 funds
- $8.0B · +3 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Sep 27, 2025
Business Overview
- Core business providing integrated manufacturing, design engineering, supply chain, and after-market services primarily to OEMs in high-tech, regulated industries
- Emphasis on advanced cloud-based smart manufacturing execution software via 42Q division, enhancing digital transformation offerings
- Strategic push toward cross-selling end-to-end vertically integrated solutions to increase program breadth and margin expansion
- Workforce of 39,000 employees including 4,000 temporary, supporting operations in 20 countries across four continents
- Focused growth in mission-critical markets (industrial, medical, defense & aerospace, automotive, cloud infrastructure) with complex, high-value products
Risk Factors
- Regulatory risk: U.S. tariffs, retaliatory tariffs and import/export restrictions increasing supply chain complexity and cost, potentially impacting gross margins and operating cash flow
- Geopolitical risk: 80% of net sales generated from foreign operations in Latin America, Asia, Eastern Europe exposed to geopolitical tensions including U.S.-other nations relations, Middle East conflict, Ukraine war
- Operational risk: Reliance on forecasts and customer orders for inventory procurement risks excess, obsolete inventory leading to write-downs influenced by order cancellations or customer financial difficulties
- Competitive risk: Intense competition from larger firms and niche manufacturers constrains revenue growth despite advantages in end-to-end manufacturing and global supply chain management
- Financial risk: $1.6 billion acquisition of ZT Systems includes $1.46 billion cash and up to $450 million contingent consideration tied to future financial performance
Management Discussion & Analysis
- Revenue $8.13B, up 7.4% YoY from $7.57B in 2024; communication networks segment grew 17.1% to $3.11B, industrial/medical/auto up 2.2% to $5.02B
- Operating margin steady at 4.4% in 2025 vs 4.4% in 2024; gross margin rose to 8.8% from 8.5%, CPS segment margin improved to 13.9% from 12.8%
- Best segment: Communications Networks revenue $3.11B, +17.1%; worst: Industrial/Medical/Defense/Aerospace/Auto $5.02B, +2.2%
- Operating cash flow $621M, capital expenditures $147M; share repurchases $114M; dividends not mentioned
- Management warns of risks from tax audits, supply chain constraints, fluctuating gross margins, and integration costs from $1.6B ZT Systems acquisition
AI summary of the SANM 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 27, 2026
Management Discussion & Analysis
- Revenue $3.464B, up 69.7% YoY from $2.042B, driven by cloud and AI infrastructure
- Gross margin 10.5% vs 8.9% YoY; operating income $221M vs $96M
- Communications Networks and Cloud and AI Infrastructure best performer, revenue $2.148B, up 173.2%
- CPS worst margin performance, 12.8% vs 14.7% YoY, due to manufacturing inefficiencies
- Operating cash flow $702M; cash $1.8B vs $926M; $1.1B acquisition spending and $239M share repurchases
- Headwinds: tariffs, inflation, supply constraints, pricing pressure and geopolitical disruptions affecting margins and cash flow
Risk Factors
- Cloud and AI concentration increased after ZT Systems acquisition, exposing revenue to hyperscaler capital-expenditure cycles
- U.S. tariff exposure expanded across components, aluminum, steel and copper imports, risking margin compression and working-capital strain
- Government-contracting risk heightened by fiscal 2026 settlement in principle of a former SCI employee’s qui tam lawsuit
- Cyber disruption risk remains material after a July 2024 vendor update temporarily interrupted worldwide manufacturing operations
- Customer concentration persists, with the ten largest customers historically representing approximately half of net sales
AI summary of the SANM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Shanker S. Trivedi, 69, appointed Sanmina director effective September 14, 2026
- Former NVIDIA senior vice president adds enterprise technology, data-center, AI infrastructure, and sales leadership experience
Item 2.02: Results of Operations and Financial Condition
- Fiscal quarter ended June 27, 2026; results are unaudited
- Exhibit 99.1 contains Sanmina’s reported quarterly financial results
Item 2.02: Results of Operations and Financial Condition
- Fiscal quarter ended March 28, 2026; results are unaudited
- Press release Exhibit 99.1 contains Sanmina’s financial results and operating details
AI summaries of SANM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SANM
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Johnson Susan A | Sell | Sep 17, 2026 | 120 | $200.46 |
| Johnson Susan A | Sell | Aug 28, 2026 | 120 | $202.69 |
| Faust Jonathan P | Sell | May 29, 2026 | 5,038 | $265.73 |
| Faust Jonathan P | Sell | May 29, 2026 | 5,038 | $265.86 |
| REID ALAN McWILLIAMS | Sell | May 26, 2026 | 5,000 | $254.39 |
| REID ALAN McWILLIAMS | Sell | May 8, 2026 | 1,000 | $248.60 |
| SOLA JURE | Sell | May 6, 2026 | 118,368 | $228.84 |
| REID ALAN McWILLIAMS | Sell | May 4, 2026 | 1,000 | $225.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $7.6B | $8.1B |
| Gross Profit | - | $640.4M | $716.4M |
| Operating Income | - | $335.5M | $354.6M |
| Net Income | - | $222.5M | $245.9M |
| Gross Margin | - | 8.5% | 8.8% |
| Op. Margin | - | 4.4% | 4.4% |
| Net Margin | - | 2.9% | 3.0% |
| Balance Sheet | |||
| Total Assets | $4.9B | $4.8B | $5.9B |
| Equity | $2.3B | $2.4B | $2.5B |
| ROE | - | 9.4% | 9.7% |
| Per Share | |||
| EPS | - | $3.91 | $4.46 |
| Cash Flow | |||
| Operating CF | - | $340.2M | $620.7M |
| CapEx | - | $111.2M | $147.4M |
Source: XBRL data in SANMINA CORP (SANM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SANM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $7.97B |
| Q1 2026 | 34 | $4.63B |
| Q4 2025 | 32 | $5.39B |
| Q3 2025 | 28 | $4.21B |
| Q2 2025 | 28 | $3.45B |
| Q1 2025 | 25 | $1.95B |
| Q4 2024 | 21 | $1.65B |
| Q3 2024 | 19 | $829.2M |
- FMR LLC (Fidelity)+776.1K (+11%)
- D.E. Shaw & Co+730.4K (+628%)
- Millennium Management+268.2K (+64%)
- Citadel Advisors LLC+213.8K (+120%)
- T. Rowe Price Group+74.5K (+121%)
- BlackRock−3.10M (-36%)
- Vanguard Portfolio Management LLC−974.5K (-24%)
- Dimensional Fund Advisors−835.0K (-38%)
- State Street Corp−464.3K (-21%)
- Invesco Ltd−248.6K (-10%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 224 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SANM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 21, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 4 | Sep 1, 2026 | - | - | - |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 10-Q | Jul 27, 2026 | Jun 27, 2026 | Analysis | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 28, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 6, 2026 | - | - | |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 10-Q | Apr 27, 2026 | Mar 28, 2026 | Analysis | |
| 8-K | Apr 27, 2026 | - | Analysis | - |
| 4 | Apr 16, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
| 4 | Mar 18, 2026 | - | - | - |
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SANM SEC filings: frequently asked questions
Are SANM insiders buying or selling?
In the last 90 days, SANMINA CORP (SANM) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $48,378 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold SANM stock?
As of June 30, 2026, the largest SANMINA CORP (SANM) holders among the 13F filers tracked by SignalX were FMR LLC (Fidelity) ($2.0 billion), BlackRock ($1.4 billion), Vanguard Portfolio Management LLC ($772.2 million), Vanguard Capital Management LLC ($589.1 million), Invesco Ltd ($548.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SANM's revenue in fiscal year 2025?
For the fiscal year ended September 27, 2025 (FY2025), SANMINA CORP (SANM) reported revenue of $8.1 billion (up 7.4% from FY2024) and net income of $245.9 million. Diluted EPS was $4.46. The figures come from the XBRL data in the 10-K.
What are the main risks in SANM's latest 10-K?
In the 10-K filed November 13, 2025, SANMINA CORP (SANM) flagged: Regulatory risk: U.S. tariffs, retaliatory tariffs and import/export restrictions increasing supply chain complexity and cost, potentially impacting gross margins and operating cash flow. Geopolitical risk: 80% of net sales generated from foreign operations in Latin America, Asia, Eastern Europe exposed to geopolitical tensions including U.S.-other nations relations, Middle East conflict, Ukraine war. (AI summary of the Risk Factors section.)
What did SANM report in its latest 8-K?
SANMINA CORP (SANM) filed an 8-K on September 15, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Shanker S. Trivedi, 69, appointed Sanmina director effective September 14, 2026.
What are the latest SANM SEC filings?
SANMINA CORP (SANM) filed its latest 10-K annual report on November 13, 2025, a 10-Q quarterly report on July 27, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on September 21, 2026.
What is SANM's SEC CIK number?
SANMINA CORP (SANM)'s SEC Central Index Key (CIK) is 897723. EDGAR lists every SANM filing under that number.
Ask anything about SANM
The research agent reads SANM's filings, financials, insider trades and 13F holders, then answers with sources.