Short answer
SANMINA CORP (SANM) filed its Q1 2026 10-Q quarterly report on Apr 27, 2026 for the quarter ended Mar 28, 2026. Quarterly revenue was $4.0B (up 102.3% year over year) with net income of $94M.
Q1 2026 key financials · XBRL
- Revenue
- $4.0B
- +102.3% YoY · +25.8% QoQ
- Net income
- $94M
- +45.8% YoY · +90.0% QoQ
- Operating margin
- 3.9%
- Gross margin
- 8.8%
- EPS (diluted)
- $1.69
- +45.7% YoY · +89.9% QoQ
Source: XBRL data from the SANMINA CORP (SANM) Q1 2026 10-Q on SEC EDGAR. USD.
SANMINA CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $4.013B, up 102.3% YoY from $1.984B, driven by cloud infrastructure
- Gross margin 8.8% vs 8.9% YoY; operating income $157M vs $92M
- Best end market Communications Networks and Cloud and AI Infrastructure: $2.771B, up 278.1% YoY
- Cash $1.6B vs $926M; operating cash flow $577M; $239M stock repurchases and $144M capital expenditures
- Headwinds: tariffs, supply constraints, inflation and higher interest expense; $2.2B new borrowings for ZT Acquisition
Risk Factors
- Newly heightened U.S. tariff exposure following announced or enacted increases on imported components and metals
- Regulatory risk from export controls restricting U.S. technology flows involving China
- Cybersecurity risk after a July 2024 vendor update temporarily disrupted worldwide manufacturing operations
- Customer concentration risk with the ten largest customers representing approximately half of net sales
- Liquidity risk from unrecovered tariffs payable before customer reimbursement, pressuring operating cash flow
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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