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SANM logo SANM
Upturn stock ratingUpturn stock rating
SANM logo

Sanmina Corporation (SANM)

Upturn stock ratingUpturn stock rating
$98.07
Last Close (24-hour delay)
Profit since last BUY15.01%
upturn advisory
Consider higher Upturn Star rating
BUY since 32 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

06/27/2025: SANM (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

2 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $92.5

Year Target Price $92.5

Analyst’s Price TargetsFor last 52 week
$92.5Target price
Low$61.52
Current$98.07
high$98.46

Analysis of Past Performance

Type Stock
Historic Profit 28.68%
Avg. Invested days 44
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.24B USD
Price to earnings Ratio 22.7
1Y Target Price 97.5
Price to earnings Ratio 22.7
1Y Target Price 97.5
Volume (30-day avg) -
Beta 1.15
52 Weeks Range 61.52 - 98.46
Updated Date 06/29/2025
52 Weeks Range 61.52 - 98.46
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.32

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 3.09%
Operating Margin (TTM) 4.67%

Management Effectiveness

Return on Assets (TTM) 4.65%
Return on Equity (TTM) 11.16%

Valuation

Trailing PE 22.7
Forward PE 13.59
Enterprise Value 4904948552
Price to Sales(TTM) 0.67
Enterprise Value 4904948552
Price to Sales(TTM) 0.67
Enterprise Value to Revenue 0.62
Enterprise Value to EBITDA 10.22
Shares Outstanding 53463800
Shares Floating 51678650
Shares Outstanding 53463800
Shares Floating 51678650
Percent Insiders 3.44
Percent Institutions 99.28

Analyst Ratings

Rating 4
Target Price 92.5
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Sanmina Corporation

stock logo

Company Overview

overview logo History and Background

Sanmina Corporation, founded in 1980 as Sanmina, initially focused on printed circuit board assembly. It merged with SCI Systems in 2001 to become Sanmina-SCI, later reverting to Sanmina Corporation. The company has grown through acquisitions and organic expansion, becoming a leading global electronics manufacturing services (EMS) provider.

business area logo Core Business Areas

  • Integrated Manufacturing Solutions (IMS): Offers comprehensive end-to-end manufacturing services, including design and engineering, manufacturing, final system assembly, and direct order fulfillment.
  • Components, Products and Services (CPS): Provides high-technology services, including printed circuit board fabrication, backplane assembly, and test services.

leadership logo Leadership and Structure

Sanmina is led by CEO Jure Sola. The organizational structure comprises business units focused on specific industries and service offerings, supported by centralized functional groups such as finance, operations, and sales.

Top Products and Market Share

overview logo Key Offerings

  • Competitors: Jabil,Flex,Celestica
  • Printed Circuit Board Assembly (PCBA): Sanmina provides PCBA services for various industries. The market is highly fragmented, with major competitors including Jabil and Flex. Market share data is highly variable but Sanmina is a significant player. Revenue contribution is substantial but exact figures are undisclosed in segments.
  • Backplane Assembly: Offers backplane assembly for telecommunications and data center equipment. Sanmina is a key supplier in this niche. Market share data is not readily available, but significant revenue is generated. Competitors include Amphenol and TE Connectivity.
  • Competitors: Amphenol,TE Connectivity
  • Competitors: Jabil,Flex
  • Complex System Integration: Providing integration services for complex electronic systems to Aerospace, Defense, Medical and Automotive clients. No publicly available marketshare is disclosed on Sanmina's segment revenue.

Market Dynamics

industry overview logo Industry Overview

The EMS industry is driven by the increasing complexity of electronic devices, globalization, and the need for cost-effective manufacturing solutions. Key trends include automation, digitalization, and supply chain resilience.

Positioning

Sanmina positions itself as a high-technology EMS provider focused on complex and high-value products. Its competitive advantages include its engineering capabilities, global footprint, and focus on specific industries.

Total Addressable Market (TAM)

The global EMS market is estimated at hundreds of billions of dollars. Sanmina's TAM is a substantial portion of this, focusing on high-complexity manufacturing. Its positioning allows it to capture a significant share of the market.

Upturn SWOT Analysis

Strengths

  • Global manufacturing footprint
  • Strong engineering capabilities
  • Diversified customer base
  • Focus on high-complexity products
  • Financial stability

Weaknesses

  • Reliance on a few large customers
  • Exposure to cyclical industries
  • Potential supply chain disruptions
  • Lower margins compared to some competitors
  • Sensitivity to economic downturns

Opportunities

  • Expanding into new markets and industries
  • Increasing automation and digitalization
  • Acquiring complementary businesses
  • Benefiting from reshoring trends
  • Growing demand for advanced manufacturing services

Threats

  • Intense competition
  • Fluctuations in currency exchange rates
  • Geopolitical risks
  • Rising labor costs
  • Technological obsolescence

Competitors and Market Share

competitor logo Key Competitors

  • JBL
  • FLEX
  • Celestica (Not US Listed)

Competitive Landscape

Sanmina competes with other major EMS providers, focusing on high-complexity and high-value manufacturing. Its advantages include strong engineering capabilities and a global footprint. Disadvantages may include lower margins compared to some competitors and reliance on specific industries.

Major Acquisitions

RelianceCM

  • Year: 2018
  • Acquisition Price (USD millions): 115
  • Strategic Rationale: Expanded Sanmina's manufacturing capabilities and customer base in the medical and life sciences industries.

Growth Trajectory and Initiatives

Historical Growth: Sanmina has experienced steady growth in recent years, driven by strong demand for its manufacturing services.

Future Projections: Analysts project continued growth for Sanmina, supported by favorable industry trends and the company's strategic initiatives.

Recent Initiatives: Recent initiatives include investments in automation, expansion into new geographies, and acquisitions of complementary businesses.

Summary

Sanmina is a strong player in the electronics manufacturing services industry with a global footprint and focus on high-complexity products. Its financial performance is improving, driven by revenue growth and enhanced operational efficiency. The company needs to mitigate risks related to reliance on large customers and cyclical industries while capitalizing on opportunities in automation and new markets. Continued strategic acquisitions and focus on specialized manufacturing services should improve their market position.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Sanmina Corporation Investor Relations
  • SEC Filings
  • Industry Reports
  • Market Analysis Reports

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Market share data are estimates and may vary.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 32000
Full time employees 32000

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. It operates in 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 engages in the manufacture of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane 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.