SANMINA CORP
For the period ended Mar 28, 2026. Filed Apr 27, 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.
Mar 28, 2026 · Filed Apr 27, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
| (Mark one) | |
|---|---|
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended March 28, 2026
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from to .
Commission File Number 0-21272
Sanmina Corporation
(Exact name of registrant as specified in its charter)
| DE | 77-0228183 | ||
| (State or other jurisdiction of · (I.R.S. Employer | |||
|---|---|---|---|
| incorporation or organization) · Identification Number) | |||
| 2700 N. First St., | San Jose, | CA | 95134 |
| (Address of principal executive offices) · (Zip Code) | |||
| (408) | 964-3500 | ||
| (Registrant’s telephone number, including area code) | |||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | SANM | NASDAQ Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [x] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act:
| Large Accelerated Filer | [x] | Accelerated filer [ ] | Non-accelerated filer [ ] | Smaller reporting company | ☐ |
|---|---|---|---|---|---|
| Emerging growth company | ☐ | ||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes☐ No☒
As of April 21, 2026, there were 53,597,735 shares outstanding of the issuer’s common stock, $0.01 par value per share.
INDEX
| Page | ||
|---|---|---|
| PART I. FINANCIAL INFORMATION | ||
| Item 1. | Interim Financial Statements (Unaudited) | 3 |
| Condensed Consolidated Balance Sheets | 3 | |
| Condensed Consolidated Statements of Income | 4 | |
| Condensed Consolidated Statements of Comprehensive Income | 5 | |
| Condensed Consolidated Statements of Stockholders’ Equity | 6 | |
| Condensed Consolidated Statements of Cash Flows | 7 | |
| Notes to Condensed Consolidated Financial Statements | 8 | |
| Note 1. Basis of Presentation | 8 | |
| Note 2. Balance Sheet Items | 9 | |
| Note 3. Revenue Recognition | 10 | |
| Note 4. Financial Instruments | 12 | |
| Note 5. Debt | 15 | |
| Note 6. Leases | 17 | |
| Note 7. Accounts Receivable Sale Program | 18 | |
| Note 8. Commitments and Contingencies | 19 | |
| Note 9. Income Tax | 20 | |
| Note 10. Stockholders’ Equity | 21 | |
| Note 11. Business Segment | 22 | |
| Note 12. Earnings Per Share | 24 | |
| Note 13. Business Combination | 25 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 29 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 37 |
| Item 4. | Controls and Procedures | 38 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 39 |
| Item 1A. | Risk Factors | 40 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 51 |
| Item 5. | Other Information | 51 |
| Item 6. | Exhibits | 53 |
| Signatures | 54 | |
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