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SANM 
Sanmina Corporation (SANM)
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Upturn Advisory Summary
12/05/2025: SANM (4-star) is a STRONG-BUY. BUY since 144 days. Simulated Profits (85.40%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $190
1 Year Target Price $190
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 107.43% | Avg. Invested days 62 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.78B USD | Price to earnings Ratio 35.45 | 1Y Target Price 190 |
Price to earnings Ratio 35.45 | 1Y Target Price 190 | ||
Volume (30-day avg) 2 | Beta 1.03 | 52 Weeks Range 63.67 - 178.39 | Updated Date 12/7/2025 |
52 Weeks Range 63.67 - 178.39 | Updated Date 12/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.46 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.03% | Operating Margin (TTM) 5.2% |
Management Effectiveness
Return on Assets (TTM) 4.62% | Return on Equity (TTM) 10.87% |
Valuation
Trailing PE 35.45 | Forward PE 16.58 | Enterprise Value 8000211895 | Price to Sales(TTM) 1.08 |
Enterprise Value 8000211895 | Price to Sales(TTM) 1.08 | ||
Enterprise Value to Revenue 0.98 | Enterprise Value to EBITDA 16.7 | Shares Outstanding 54563887 | Shares Floating 52788924 |
Shares Outstanding 54563887 | Shares Floating 52788924 | ||
Percent Insiders 3.37 | Percent Institutions 101.88 |
Upturn AI SWOT
Sanmina Corporation
Company Overview
History and Background
Sanmina Corporation (NASDAQ: SANM) was founded in 1981 by Jack Ozzie. Initially focused on printed circuit board manufacturing, the company has evolved into a leading global Electronics Manufacturing Services (EMS) provider. Key milestones include its IPO in 1992, significant acquisitions to expand its capabilities and geographic reach, and a strategic shift towards higher-value services in complex industries.
Core Business Areas
- Integrated Manufacturing Solutions: Offers end-to-end manufacturing services, from design and engineering to complex assembly, testing, and supply chain management, for a wide range of electronic and mechanical products.
- High-Reliability Solutions: Focuses on delivering highly engineered and reliable electronic solutions for demanding industries such as defense, aerospace, medical, and industrial sectors.
- Components, Systems, and Cloud: Provides specialized solutions for original equipment manufacturers (OEMs) in areas like printed circuit board fabrication, complex mechanical systems, and cloud infrastructure.
Leadership and Structure
Sanmina is led by its executive management team, with participation from its Board of Directors. The company operates through a global network of manufacturing facilities and design centers, organized to serve its diverse customer base across various industries.
Top Products and Market Share
Key Offerings
- Complex Electronic & Mechanical Manufacturing: Sanmina provides a comprehensive suite of manufacturing services including Printed Circuit Board Assembly (PCBA), complex mechanical assembly, systems integration, testing, and fulfillment. Market share data for specific product categories is proprietary and not publicly disclosed. Competitors include Flex (NASDAQ: FLEX), Jabil (NYSE: JBL), and Benchmark Electronics (NYSE: BHE).
- Printed Circuit Boards (PCBs): Designs and manufactures high-density interconnect (HDI) and rigid-flex PCBs for demanding applications. Market share is difficult to ascertain due to the fragmented nature of PCB manufacturing, but key competitors include TTM Technologies (NASDAQ: TTMI) and AT&S Austria Technologie & Systemtechnik AG.
- Integrated Solutions for Healthcare and Aerospace/Defense: Offers specialized design, engineering, and manufacturing services for critical medical devices and advanced aerospace and defense systems. This is a high-value segment with limited but specialized competitors focusing on similar industries.
Market Dynamics
Industry Overview
The Electronics Manufacturing Services (EMS) industry is characterized by its cyclical nature, driven by global demand for electronic products across consumer, industrial, medical, and defense sectors. Key trends include increasing complexity of electronics, demand for higher reliability, nearshoring/reshoring initiatives, and a focus on sustainability.
Positioning
Sanmina positions itself as a partner for complex, high-reliability manufacturing solutions, focusing on niches within demanding industries rather than high-volume consumer electronics. Its competitive advantages lie in its engineering expertise, global footprint, stringent quality control, and long-standing customer relationships.
Total Addressable Market (TAM)
The global EMS market is estimated to be in the hundreds of billions of dollars. Sanmina, as a specialized provider, targets specific segments within this larger market. Its positioning is focused on capturing value in complex and high-margin segments, rather than aiming for broad market share in lower-margin areas. Its success depends on its ability to secure and execute on large, complex contracts from its target industries.
Upturn SWOT Analysis
Strengths
- Strong relationships with blue-chip customers in demanding industries (medical, aerospace, defense, industrial).
- Expertise in complex engineering and manufacturing processes.
- Global manufacturing footprint with diverse capabilities.
- Focus on high-reliability and quality.
- Long history and experienced management team.
Weaknesses
- Exposure to cyclicality in end markets.
- Potential for commoditization in certain service areas.
- Reliance on a few large customers for a significant portion of revenue.
- Competition from lower-cost regions and specialized providers.
Opportunities
- Growth in the medical device market, particularly in complex and implantable devices.
- Increasing demand for advanced solutions in aerospace and defense (e.g., satellite technology, defense electronics).
- Trend towards nearshoring and reshoring of manufacturing.
- Expansion into new high-growth technology areas.
- Leveraging acquisitions to expand capabilities and market reach.
Threats
- Global economic downturns impacting customer spending.
- Intensifying competition from both global and regional players.
- Supply chain disruptions (e.g., component shortages, geopolitical events).
- Changes in trade policies and tariffs.
- Technological obsolescence in certain product lines.
Competitors and Market Share
Key Competitors
- Flex (NASDAQ: FLEX)
- Jabil (NYSE: JBL)
- Benchmark Electronics (NYSE: BHE)
- TTM Technologies (NASDAQ: TTMI)
Competitive Landscape
Sanmina differentiates itself through its focus on high-reliability, complex manufacturing for specialized industries. While competitors like Flex and Jabil have broader EMS offerings, Sanmina's strength lies in its deep engineering expertise and established presence in demanding sectors. TTM Technologies is a more direct competitor in the PCB manufacturing space.
Major Acquisitions
Equipment Manufacturing Holdings, Inc.
- Year: 2021
- Acquisition Price (USD millions): 300
- Strategic Rationale: Acquisition to enhance Sanmina's capabilities in complex mechanical systems and integrated manufacturing solutions, particularly for the semiconductor capital equipment market.
Growth Trajectory and Initiatives
Historical Growth: Sanmina has demonstrated consistent revenue growth over the past several years, driven by strong demand in its key end markets and successful execution of its strategy. Profitability has also seen an upward trend.
Future Projections: Analyst estimates for future growth are generally positive, anticipating continued expansion in the medical, aerospace, defense, and industrial sectors. Projections often consider factors like new product introductions, market penetration, and potential acquisitions. These projections are subject to change based on economic conditions and industry trends.
Recent Initiatives: Recent initiatives may include expanding manufacturing capacity, investing in advanced technologies (e.g., automation, digital manufacturing), strategic acquisitions to enhance capabilities or market access, and focusing on sustainability efforts within its operations.
Summary
Sanmina Corporation is a strong player in the specialized Electronics Manufacturing Services (EMS) sector, excelling in high-reliability manufacturing for demanding industries. Its deep engineering expertise, global presence, and strong customer relationships are key assets. The company benefits from growth trends in medical, aerospace, and defense markets, but must navigate industry cyclicality, intense competition, and potential supply chain disruptions. Continued strategic investments and disciplined execution will be crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Sanmina Corporation Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry Analyst Reports
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute investment advice. Financial data and market share estimates are subject to change and should be verified with official company disclosures and reliable financial sources. The AI-based rating is a proprietary assessment and not a guarantee of future performance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sanmina Corporation
Exchange NASDAQ | Headquaters San Jose, CA, United States | ||
IPO Launch date 1993-04-14 | Co-Founder, Executive Chairman & CEO Mr. Jure Sola | ||
Sector Technology | Industry Electronic Components | Full time employees 35000 | Website https://www.sanmina.com |
Full time employees 35000 | Website https://www.sanmina.com | ||
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engaging in the manufacture of components, subassemblies, and complete systems; and direct order fulfilment and logistics services. In addition, the company provides components, such as printed circuit boards, backplane fabrication and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace products, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud infrastructure industries. The company was formerly known as Sanmina-SCI Corp. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.
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