Short answer
SANMINA CORP (SANM) filed its Q2 2026 10-Q quarterly report on Jul 27, 2026 for the quarter ended Jun 27, 2026. Quarterly revenue was $3.5B (up 69.7% year over year) with net income of $117M.
Q2 2026 key financials · XBRL
- Revenue
- $3.5B
- +69.7% YoY · −13.7% QoQ
- Net income
- $117M
- +70.7% YoY · +25.1% QoQ
- Operating margin
- 6.4%
- Gross margin
- 10.5%
- EPS (diluted)
- $2.13
- +69.0% YoY · +26.0% QoQ
Source: XBRL data from the SANMINA CORP (SANM) Q2 2026 10-Q on SEC EDGAR. USD.
SANMINA CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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