Sanmina Corporation Common Stock (SANM)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking for a durable business bought at a sensible price, and Sanmina gives me pause. It is a contract manufacturer of electronic components and integrated manufacturing services, a competitive field where scale helps but pricing power is limited. In fiscal Q3 2026, the quarter ended 2026-06-27, revenue was $3.5B, net income $117.1M, and diluted EPS $2.12; that is a sharp improvement over fiscal Q3 2025, the quarter ended 2025-06-28, when revenue was $2.0B, net income $68.6M, and diluted EPS $1.26. Yet the longer record is uneven: in fiscal year 2025, the year ended 2025-09-27, revenue was $8.1B, net income $245.9M, and diluted EPS $4.46, compared with fiscal year 2023, the year ended 2023-09-30, when revenue was $8.9B, net income $310.0M, and diluted EPS $5.18. FairStock calls it a STALWART, with 13.0% annual profit growth over five years and just 3.2% revenue growth. Financial health is mixed. It generated $594.1M of trailing free cash flow, a 5.2% FCF yield, and has a Piotroski F-Score of 7/9, but debt-to-equity is 0.88, ROCE is 5.86%, and the Altman Z-Score is 1.52. The margin is thin: fiscal Q3 2026 net income was 3.38% of revenue. At the 2026-10-13 close of $211.79, FairStock's P/E is 37.89, P/B is 4.43, and the Graham Number is $77.50, implying a -173.28% margin of safety. A PEG of 0.54 offers some counterweight if growth persists. I would want a wider discount before calling this a value opportunity.

In plain English: Sanmina makes electronic parts and provides manufacturing, repair, and logistics services for other companies. The business is profitable and recently grew quickly, but it earns thin margins and uses debt. At the recent price, the shares look expensive compared with the company's accounting value and earnings.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-27) · fiscal Q2 2026 10-Q (period ended 2026-03-28) · fiscal Q1 2026 10-Q (period ended 2025-12-27) · fiscal Q3 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2025-09-27) · FY2024 10-K (period ended 2024-09-28) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer