Sanmina Posts Revenue of $3.858 Billion and Adjusted EPS of $4.43
Key Facts
Sanmina reported results for the fiscal fourth quarter ended October 3, 2026, with net sales of $3.858 billion and diluted earnings per share of $4.43 on its non-GAAP basis. The results, according to a company statement published via PR Newswire, showed an operating margin of 9.0% on the same basis. On a GAAP basis, diluted earnings per share were $2.14 and operating margin was 6.0%. These figures show how profitability and margin differ depending on the measurement basis, so the $4.43 figure is tied to the non-GAAP measure. The results capped a fiscal year in which the company’s business grew and its annual revenue expanded.
Sales in the same quarter of the previous fiscal year were $2.096 billion, compared with $3.858 billion in the final quarter of fiscal 2026. For the full fiscal year, the company reported revenue of $14.53 billion, while diluted earnings per share were $6.85 on a GAAP basis and $13.28 on a non-GAAP basis. Chief Executive Jure Sola said fiscal 2026 revenue grew 79% from the prior year. He added that non-GAAP diluted earnings per share more than doubled year over year. He also said non-GAAP operating profit rose 130% from the previous year.
Operating cash flow was $242 million in the fourth quarter and $944 million for the fiscal year. Free cash flow was $83 million in the quarter and $541 million for the full year. These figures show the cash generated by operations over the two periods reported by the company, alongside its profitability and revenue measures. Sanmina repurchased 0.8 million shares in the quarter, for a total of $154 million. Share repurchases totaled $393 million during the fiscal year.
The company linked part of its business development to the integration of ZT Systems, saying it strengthened its position in the cloud infrastructure and artificial intelligence market. It also pointed to broad growth across its businesses during the fiscal year. This background places the expansion of activity in the cloud infrastructure and artificial intelligence market in the context of the annual results, without the available figures breaking out each segment’s contribution or the integration’s standalone impact. The company’s forward guidance was another focus of the earnings statement, with ranges for revenue and earnings per share in the next fiscal year. Sanmina also provided separate estimates for the first fiscal quarter of fiscal 2027.
Sanmina expects fiscal 2027 revenue of between $17.5 billion and $19.5 billion and diluted earnings per share of between $15.50 and $17.50 on a non-GAAP basis. The company said the midpoint of its guidance range implies growth of about 27% in revenue and 24% in diluted earnings per share on the same basis. For the first fiscal quarter, ending January 2, 2027, it expects revenue of between $3.8 billion and $4.1 billion and earnings per share of between $3.50 and $3.85 on a non-GAAP basis. Before the results were announced, Investing.com cited analysts’ estimates of earnings of $3.27 per share and revenue of $3.48 billion for the quarter. The same report said the stock had fallen 41% over the previous month through November 9, while EL7 data showed it closed at $134.68 on November 6, after closing at $130.23 on November 5.
The company had set November 9, 2026, at 5:00 p.m. Eastern time for its fourth-quarter results and outlook review call. The call gives management an opportunity to present details of the results and guidance announced for fiscal 2027 and its first quarter. The annual guidance includes a revenue range and a range for diluted earnings per share on a non-GAAP basis, while the quarterly outlook covers the period ending January 2, 2027. These estimates follow a fiscal year in which the company reported annual revenue of $14.53 billion. Sola said annual revenue grew 79% and adjusted diluted earnings per share more than doubled from the previous fiscal year.