Powering the Future: Why True Ceramic Circuits Are Not Just ‘Better PCBs’
Global Sourcing Spotlight: The Global Quality Gap—Why Consistency Wins the Contract
Knocking Down the Bone Pile: Precision Milling of Underfilled SMT Components
Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the first quarter ended December 27, 2025 and outlook for its second fiscal quarter ending March 28, 2026.
First Quarter Fiscal 2026 Financial Highlights
- Revenue: $3.19 billion
- GAAP operating margin: 2.3%
- GAAP diluted EPS: $0.89
- Non-GAAP(1) operating margin: 6.0%
- Non-GAAP(1) diluted EPS: $2.38
Additional Highlights
- Cash flow from operations: $179 million
- Free cash flow(2): $92 million
- Share repurchases: 516 thousand shares for $79 million
- Ending cash and cash equivalents: $1.42 billion
"Fiscal 2026 is off to a great start, with Q1 revenue and non-GAAP operating margin at the high-end of our outlook and non-GAAP EPS exceeding our outlook. In addition, the team did an excellent job delivering solid cash flow from operations," stated Jure Sola, Chairman and CEO of Sanmina Corporation.
"Our Communications Networks and Cloud & AI Infrastructure end-markets continue to be strong as a result of ongoing demand for AI-driven hardware. The integration of ZT Systems is in line with our expectations and we are excited about the opportunities ahead. We remain focused on building broader and deeper partnerships with our customers, which enables us to deliver profitable growth, generate cash and maintain a healthy balance sheet to drive long-term shareholder value."
Second Quarter Fiscal 2026 Outlook
The following outlook is for the second fiscal quarter ending March 28, 2026. These statements are forward-looking and actual results may differ materially.
- Revenue between $3.1 billion to $3.4 billion
- Non-GAAP diluted earnings per share between $2.25 to $2.55
