$SANM
SANMINA CORP Stock $sanm

$sanm Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000089772324000031 Filed on May 01, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$1.841B	$1.835B
YoY Change	-20.63%
Cost Of Revenue	$1.688B	$1.680B
YoY Change	-20.72%
Gross Profit	$153.5M	$154.8M
YoY Change	-19.69%
Gross Profit Margin	8.34%	8.44%
Selling, General & Admin	$61.72M	$69.20M
YoY Change	-2.63%
% of Gross Profit	40.2%	44.71%
Research & Development	$7.659M	$6.323M
YoY Change	19.78%
% of Gross Profit	4.99%	4.09%
Depreciation & Amortization	$29.76M	$30.27M
YoY Change	1.65%
% of Gross Profit	19.39%	19.56%
Operating Expenses	$71.17M	$75.52M
YoY Change	0.83%
Operating Profit	$82.37M	$79.23M
YoY Change	-31.7%
Interest Expense	-$4.934M	-$4.806M
YoY Change	-153.13%
% of Operating Profit	-5.99%	-6.07%
Other Income/Expense, Net	-$7.729M	$3.276M
YoY Change	-18.77%
Pretax Income	$74.64M	$74.43M
YoY Change	-32.81%
Income Tax	$20.00M	$19.12M
% Of Pretax Income	26.8%	25.69%
Net Earnings	$51.60M	$52.49M
YoY Change	-35.19%
Net Earnings / Revenue	2.8%	2.86%
Basic Earnings Per Share	$0.93	$0.94
Diluted Earnings Per Share	$0.91	$0.93
COMMON SHARES
Basic Shares Outstanding	55.45M shares	55.78M shares
Diluted Shares Outstanding	56.71M shares	56.70M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$657.7M	$650.9M
YoY Change	-8.42%
Cash & Equivalents	$657.7M	$650.9M
Short-Term Investments
Other Short-Term Assets	$81.66M	$75.05M
YoY Change	18.18%
Inventory	$1.384B	$1.384B
Prepaid Expenses
Receivables	$1.570B	$1.588B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.693B	$3.697B
YoY Change	-8.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$630.3M	$726.6M
YoY Change	2.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$177.2M	$262.2M
YoY Change	-2.29%
Total Long-Term Assets	$970.2M	$988.8M
YoY Change	-2.44%
TOTAL ASSETS
Total Short-Term Assets	$3.693B	$3.697B
Total Long-Term Assets	$970.2M	$988.8M
Total Assets	$4.664B	$4.686B
YoY Change	-7.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.434B	$1.443B
YoY Change	-21.59%
Accrued Expenses	$370.3M	$387.3M
YoY Change	-9.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$17.50M	$17.50M
YoY Change	0.0%
Total Short-Term Liabilities	$1.822B	$1.848B
YoY Change	-19.22%
LONG-TERM LIABILITIES
Long-Term Debt	$299.7M	$303.9M
YoY Change	-6.58%
Other Long-Term Liabilities	$201.0M	$207.5M
YoY Change	-14.73%
Total Long-Term Liabilities	$500.6M	$511.4M
YoY Change	-10.03%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.822B	$1.848B
Total Long-Term Liabilities	$500.6M	$511.4M
Total Liabilities	$2.322B	$2.515B
YoY Change	-17.4%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.341B	$2.171B
YoY Change
Total Liabilities & Shareholders Equity	$4.664B	$4.686B
YoY Change	-7.28%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$51.60M	$52.49M
YoY Change	-35.19%
Depreciation, Depletion And Amortization	$29.76M	$30.27M
YoY Change	1.65%
Cash From Operating Activities	$90.00M	$72.32M
YoY Change	39.36%
INVESTING ACTIVITIES
Capital Expenditures	$22.77M	$29.61M
YoY Change	-64.37%
Acquisitions
YoY Change
Other Investing Activities	-$600.0K	-$700.0K
YoY Change	150.0%
Cash From Investing Activities	-$23.37M	-$30.31M
YoY Change	-63.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-59.00M	-21.85M
YoY Change	232.4%
NET CHANGE
Cash From Operating Activities	90.00M	72.32M
Cash From Investing Activities	-23.37M	-30.31M
Cash From Financing Activities	-59.00M	-21.85M
Net Change In Cash	7.623M	20.15M
YoY Change	-143.98%
FREE CASH FLOW
Cash From Operating Activities	$90.00M	$72.32M
Capital Expenditures	$22.77M	$29.61M
Free Cash Flow	$67.23M	$42.71M
YoY Change	10085.91%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Interest Expense InterestExpense	8218000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	9286000	usd
	us-gaap	Interest Expense InterestExpense	16630000	usd
	us-gaap	Interest Expense InterestExpense	17967000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2023Q3	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2024Q1	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2024Q1	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LiabilitiesTotalMember
CY2023Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LiabilitiesTotalMember
	us-gaap	Fiscal Period FiscalPeriod	The Company operates on a 52 or 53 week year ending on the Saturday nearest September 30. Fiscal 2024 and 2023 are each 52-week years. All references to years relate to fiscal years unless otherwise noted.
	us-gaap	Repayments Of Debt RepaymentsOfDebt	17195000	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	8750000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1410300000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1410300000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1471700000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	293000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	295000	usd
	sanm	Repurchases Of Common Stock Including Excise Tax RepurchasesOfCommonStockIncludingExciseTax	133389000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	21507000	usd
	sanm	Proceeds From Sale Of Noncontrolling Interest ProceedsFromSaleOfNoncontrollingInterest	0	usd
	sanm	Proceeds From Sale Of Noncontrolling Interest ProceedsFromSaleOfNoncontrollingInterest	215799000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-150291000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	185837000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	364000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2195000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-16712000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	188346000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	667570000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	529857000	usd
	us-gaap	Interest Paid Net InterestPaidNet	15143000	usd
	us-gaap	Interest Paid Net InterestPaidNet	15264000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	38550000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	28247000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	30598000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	34973000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Results of operations for the second quarter of 2024 are not necessarily indicative of the results that may be expected for other interim periods or for the full fiscal year.</span></div>
	sanm	Percentof Net Sales Transferred Over Time PercentofNetSalesTransferredOverTime	0.95
CY2024Q1	sanm	Raw Materials As A Percentage Of Total Inventory RawMaterialsAsAPercentageOfTotalInventory	0.99
	sanm	Number Of Other Operating Segment Excluding Das NumberOfOtherOperatingSegmentExcludingDAS	13
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1834595000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2320103000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1834595000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2320103000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1834595000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2320103000	usd
	sanm	Percentage Of Net Sales Represented By Ten Largest Customers PercentageOfNetSalesRepresentedByTenLargestCustomers	0.50
	sanm	Cash Equivalents CashEquivalents	0.10
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	47000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21
	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	8000000	usd
CY2023Q4	us-gaap	Income Tax Examination Estimate Of Possible Loss IncomeTaxExaminationEstimateOfPossibleLoss	8000000	usd
CY2023Q4	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	503000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	303884000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	312327000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	85569000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	95750000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	22279000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	22344000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	51327000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	60663000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	73606000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	83007000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P11Y1M20D
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P12Y11M19D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.040
CY2023Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.039
CY2024Q1	sanm	Operating Leases Rent Expense Net Of Sublease Income OperatingLeasesRentExpenseNetOfSubleaseIncome	8073000	usd
CY2023Q2	sanm	Operating Leases Rent Expense Net Of Sublease Income OperatingLeasesRentExpenseNetOfSubleaseIncome	8198000	usd
	sanm	Operating Leases Rent Expense Net Of Sublease Income OperatingLeasesRentExpenseNetOfSubleaseIncome	16245000	usd
	sanm	Operating Leases Rent Expense Net Of Sublease Income OperatingLeasesRentExpenseNetOfSubleaseIncome	17565000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	12997000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	11629000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	12907000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	22987000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	17741000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	13850000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	4466000	usd
CY2024Q1	sanm	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	8879000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	80830000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	7224000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	73606000	usd
CY2024Q1	sanm	Face Valueof Receivable Sold Percentage FaceValueofReceivableSoldPercentage	1
	sanm	Accounts Receivable Sold During The Period AccountsReceivableSoldDuringThePeriod	797000000	usd
	sanm	Accounts Receivable Sold During The Period AccountsReceivableSoldDuringThePeriod	1700000000	usd
	sanm	Discount On Sold Receivables DiscountOnSoldReceivables	5000000	usd
	sanm	Discount On Sold Receivables DiscountOnSoldReceivables	12000000	usd
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	40000000	usd
CY2023Q3	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	34000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	40000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.26
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	70089000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	68305000	usd
CY2024Q1	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	6169000	usd
CY2023Q3	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	9427000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	6725000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	6853000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	69533000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	70879000	usd
	sanm	Shares Repurchased SharesRepurchased	2000000	shares
	sanm	Shares Repurchased SharesRepurchased	4000	shares
	sanm	Share Repurchases ShareRepurchases	107000000	usd
	sanm	Share Repurchases ShareRepurchases	200000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	172000000	usd
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	500000	shares
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	400000	shares
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	25000000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	21000000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1834595000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2320103000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3709393000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4675911000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	154757000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	191189000	usd
	us-gaap	Gross Profit GrossProfit	315597000	usd
	us-gaap	Gross Profit GrossProfit	386575000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	52485000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	79621000	usd
	us-gaap	Net Income Loss NetIncomeLoss	109553000	usd
	us-gaap	Net Income Loss NetIncomeLoss	171635000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	55585000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	58269000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56062000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57999000	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1114000	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1550000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1408000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1864000	shares
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56699000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59819000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57470000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59863000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.94
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.37
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.95
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.96
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.93
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.33
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.91
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.87
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	14651000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	12534000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	27236000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	24143000	usd
CY2024Q1	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	6000000	shares
CY2024Q1	sanm	Stock Options And Unvested Restricted Stock Units Outstanding StockOptionsAndUnvestedRestrictedStockUnitsOutstanding	3000000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	3000000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	2881000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	45.07
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P1Y1M20D
CY2023Q3	sanm	Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue	150547000	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	1389000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	51.44
	sanm	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled	1368000	shares
	sanm	Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelledWeightedAverageGrantDateFairValue	40.22
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	2902000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	50.40
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P1Y7M9D
CY2024Q1	sanm	Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue	170722000	usd
CY2024Q1	sanm	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestNumber	2547000	shares
CY2024Q1	sanm	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageGrantDateFairValue	50.30
	sanm	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Remaining Contractual Term ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageRemainingContractualTerm	P1Y6M29D
CY2024Q1	sanm	Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Nonvested And Expected To Vest Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockNonvestedAndExpectedToVestAggregateIntrinsicValue	149835000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	106000000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y7M6D

Files In Submission

Name	View Source	Status
0000897723-24-000031-index-headers.html	Edgar Link	pending
0000897723-24-000031-index.html	Edgar Link	pending
0000897723-24-000031.txt	Edgar Link	pending
0000897723-24-000031-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sanm-20240330.htm	Edgar Link	pending
sanm-20240330.xsd	Edgar Link	pending
sanmina_ex1029x20240330.htm	Edgar Link	pending
sanmina_ex311x20240330.htm	Edgar Link	pending
sanmina_ex312x20240330.htm	Edgar Link	pending
sanmina_ex321x20240330.htm	Edgar Link	pending
sanmina_ex322x20240330.htm	Edgar Link	pending
Show.js	Edgar Link	pending
sanm-20240330_def.xml	Edgar Link	unprocessable
sanm-20240330_pre.xml	Edgar Link	unprocessable
sanm-20240330_htm.xml	Edgar Link	completed
sanm-20240330_lab.xml	Edgar Link	unprocessable
sanm-20240330_cal.xml	Edgar Link	unprocessable

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$SANM
SANMINA CORP Stock $sanm

2024 Q2 Form 10-Q Financial Statement

#000089772324000031 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SANM SANMINA CORP Stock $sanm

2024 Q2 Form 10-Q Financial Statement

#000089772324000031 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SANM
SANMINA CORP Stock $sanm