SANMINA CORP
For the period ended Dec 27, 2025. Filed Jan 26, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 27, 2025 · Filed Jan 26, 2026
SANM$155.43+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| December 27,2025 | December 28,2024 | |
| (Unaudited) | ||
| (In thousands) | ||
| CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: | ||
| Net income before noncontrolling interest | $51,755 | $70,884 |
| Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities: | ||
| Depreciation and intangibles amortization | 39,531 | 31,845 |
| Stock-based compensation expense | 23,619 | 15,292 |
| Deferred income taxes | (3,231) | 5,336 |
| Gain on sale of investment | (4,710) | — |
| Amortization of inventory fair value adjustment | 49,000 | — |
| Other, net | 2,116 | 526 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 39,766 | (18,613) |
| Contract assets | (4,963) | (2,556) |
| Inventories | 179,406 | 15,747 |
| Prepaid expenses and other assets | (23,831) | 12,995 |
| Accounts payable | (84,226) | (54,656) |
| Deferred revenue and customer advances | (67,429) | 24,089 |
| Accrued liabilities and other | (18,075) | (36,951) |
| Cash provided by operating activities | 178,728 | 63,938 |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (86,837) | (17,085) |
| Cash paid for business acquisition, net of cash acquired | (1,355,801) | — |
| Proceeds from sale of investments | 8,710 | — |
| Other, net | 68 | (136) |
| Cash used in investing activities | (1,433,860) | (17,221) |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES: | ||
| Repayments of borrowings | (301,875) | (4,375) |
| Proceeds from long-term debt | 2,200,000 | — |
| Proceeds from revolving credit facility borrowings | 2,525 | 256,700 |
| Repayments of revolving credit facility borrowings | (2,525) | (256,700) |
| Debt issuance costs | (28,703) | — |
| Repurchases of common stock | (79,794) | (16,113) |
| Payments for tax withholding on stock-based compensation | (33,715) | (8,343) |
| Cash provided by (used in) financing activities | 1,755,913 | (28,831) |
| Effect of exchange rate changes | (187) | (1,344) |
| Increase in cash, cash equivalents, restricted cash and restricted cash equivalents | 500,594 | 16,542 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 966,220 | 625,860 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $1,466,814 | $642,402 |
| Cash paid during the period for: | ||
| Interest, net of capitalized interest | $13,346 | $4,496 |
| Income taxes, net of refunds | $23,020 | $18,765 |
| Unpaid purchases of property, plant and equipment at the end of period | $32,895 | $22,436 |
| Issuance of common stock for the acquisition of ZT Systems | $155,346 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.