$SANM
SANMINA CORP

2024 Q3 Form 10-Q Financial Statement

#000089772324000046 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.018B $1.841B
YoY Change -8.59% -20.63%
Cost Of Revenue $1.846B $1.688B
YoY Change -8.78% -20.72%
Gross Profit $171.3M $153.5M
YoY Change -6.5% -19.69%
Gross Profit Margin 8.49% 8.34%
Selling, General & Admin $70.49M $61.72M
YoY Change 2.41% -2.63%
% of Gross Profit 41.15% 40.2%
Research & Development $8.243M $7.659M
YoY Change 22.68% 19.78%
% of Gross Profit 4.81% 4.99%
Depreciation & Amortization $31.65M $29.76M
YoY Change 5.87% 1.65%
% of Gross Profit 18.48% 19.39%
Operating Expenses $78.73M $71.17M
YoY Change 3.81% 0.83%
Operating Profit $92.56M $82.37M
YoY Change -13.79% -31.7%
Interest Expense -$2.248M -$4.934M
YoY Change -122.33% -153.13%
% of Operating Profit -2.43% -5.99%
Other Income/Expense, Net -$564.0K -$7.729M
YoY Change -93.25% -18.77%
Pretax Income $86.78M $74.64M
YoY Change -12.35% -32.81%
Income Tax $19.44M $20.00M
% Of Pretax Income 22.4% 26.8%
Net Earnings $61.38M $51.60M
YoY Change -19.76% -35.19%
Net Earnings / Revenue 3.04% 2.8%
Basic Earnings Per Share $0.93
Diluted Earnings Per Share $1.09 $0.91
COMMON SHARES
Basic Shares Outstanding 54.65M shares 55.45M shares
Diluted Shares Outstanding 56.71M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $625.9M $657.7M
YoY Change -4.74% -8.42%
Cash & Equivalents $625.9M $657.7M
Short-Term Investments
Other Short-Term Assets $79.30M $81.66M
YoY Change 16.62% 18.18%
Inventory $1.336B $1.384B
Prepaid Expenses
Receivables $1.722B $1.570B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.763B $3.693B
YoY Change -4.82% -8.47%
LONG-TERM ASSETS
Property, Plant & Equipment $616.1M $630.3M
YoY Change -2.48% 2.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $336.3M $177.2M
YoY Change 81.13% -2.29%
Total Long-Term Assets $952.4M $970.2M
YoY Change -5.22% -2.44%
TOTAL ASSETS
Total Short-Term Assets $3.763B $3.693B
Total Long-Term Assets $952.4M $970.2M
Total Assets $4.715B $4.664B
YoY Change -4.9% -7.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.485B $1.434B
YoY Change -13.84% -21.59%
Accrued Expenses $329.8M $370.3M
YoY Change -20.72% -9.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $17.50M $17.50M
YoY Change -2.78% 0.0%
Total Short-Term Liabilities $1.833B $1.822B
YoY Change -15.06% -19.22%
LONG-TERM LIABILITIES
Long-Term Debt $299.8M $299.7M
YoY Change -5.28% -6.58%
Other Long-Term Liabilities $220.8M $201.0M
YoY Change 1.42% -14.73%
Total Long-Term Liabilities $520.7M $500.6M
YoY Change -2.55% -10.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.833B $1.822B
Total Long-Term Liabilities $520.7M $500.6M
Total Liabilities $2.353B $2.322B
YoY Change -12.58% -17.4%
SHAREHOLDERS EQUITY
Retained Earnings -$2.707B
YoY Change -7.6%
Common Stock $6.576B
YoY Change 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.740B
YoY Change 17.12%
Treasury Stock Shares
Shareholders Equity $2.362B $2.341B
YoY Change
Total Liabilities & Shareholders Equity $4.715B $4.664B
YoY Change -4.9% -7.28%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $61.38M $51.60M
YoY Change -19.76% -35.19%
Depreciation, Depletion And Amortization $31.65M $29.76M
YoY Change 5.87% 1.65%
Cash From Operating Activities $51.88M $90.00M
YoY Change -8.19% 39.36%
INVESTING ACTIVITIES
Capital Expenditures $22.60M $22.77M
YoY Change -56.71% -64.37%
Acquisitions
YoY Change
Other Investing Activities -$3.300M -$600.0K
YoY Change 725.0% 150.0%
Cash From Investing Activities -$25.90M -$23.37M
YoY Change -50.86% -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 -60.41M -59.00M
YoY Change -7.06% 232.4%
NET CHANGE
Cash From Operating Activities 51.88M 90.00M
Cash From Investing Activities -25.90M -23.37M
Cash From Financing Activities -60.41M -59.00M
Net Change In Cash -34.43M 7.623M
YoY Change -43.74% -143.98%
FREE CASH FLOW
Cash From Operating Activities $51.88M $90.00M
Capital Expenditures $22.60M $22.77M
Free Cash Flow $29.28M $67.23M
YoY Change 580.88% 10085.91%

Facts In Submission

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CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
127406000 usd
CY2024Q2 us-gaap Debt Current
DebtCurrent
17500000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7729000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30336000 usd
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
6856000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1075000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
14263000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
635000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1832000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2341338000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2265728000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2341338000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2265728000 usd
us-gaap Profit Loss
ProfitLoss
170411000 usd
us-gaap Profit Loss
ProfitLoss
262158000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90764000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87716000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
41918000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
37460000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14614000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
21232000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-5000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
284000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-77508000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
137712000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-30952000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-16576000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-93676000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-199406000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9074000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
27492000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-179710000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-308579000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86599000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
152155000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1900000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-88499000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-154155000 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
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207118000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1841430000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207118000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1841430000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207118000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.20
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2023Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
CY2024Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
CY2023Q3 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q2 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q2 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LiabilitiesTotalMember
CY2023Q3 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LiabilitiesTotalMember
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6719000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7506000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
10066000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
24136000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
28033000 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56711000 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
288341000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
8558000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
21570000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
13125000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
959000 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
188684000 usd
sanm Repurchases Of Common Stock Including Excise Tax
RepurchasesOfCommonStockIncludingExciseTax
73579000 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
-209295000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120832000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-408000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1743000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9861000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
126731000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
657709000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
656588000 usd
us-gaap Interest Paid Net
InterestPaidNet
21987000 usd
us-gaap Interest Paid Net
InterestPaidNet
24908000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
52728000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45053000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23935000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25938000 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 third 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>
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.
sanm Percentof Net Sales Transferred Over Time
PercentofNetSalesTransferredOverTime
0.95
CY2024Q2 sanm Raw Materials As A Percentage Of Total Inventory
RawMaterialsAsAPercentageOfTotalInventory
0.99
sanm Number Of Other Operating Segment Excluding Das
NumberOfOtherOperatingSegmentExcludingDAS
13
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1841430000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5550823000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6883029000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5550823000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6883029000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5550823000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6883029000 usd
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.50
sanm Cash Equivalents
CashEquivalents
0.05
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
299665000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
312327000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
82404000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
95750000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22418000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22344000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47936000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
60663000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
70354000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
83007000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M23D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y11M19D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2024Q2 sanm Operating Leases Rent Expense Net Of Sublease Income
OperatingLeasesRentExpenseNetOfSubleaseIncome
7189000 usd
CY2023Q3 sanm Operating Leases Rent Expense Net Of Sublease Income
OperatingLeasesRentExpenseNetOfSubleaseIncome
8976000 usd
sanm Operating Leases Rent Expense Net Of Sublease Income
OperatingLeasesRentExpenseNetOfSubleaseIncome
23434000 usd
sanm Operating Leases Rent Expense Net Of Sublease Income
OperatingLeasesRentExpenseNetOfSubleaseIncome
26541000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
19499000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
18023000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6598000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24134000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18587000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14438000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4623000 usd
CY2024Q2 sanm Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8828000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
77208000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6854000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
70354000 usd
CY2024Q2 sanm Face Valueof Receivable Sold Percentage
FaceValueofReceivableSoldPercentage
1
sanm Accounts Receivable Sold During The Period
AccountsReceivableSoldDuringThePeriod
1000000000 usd
sanm Accounts Receivable Sold During The Period
AccountsReceivableSoldDuringThePeriod
2000000000 usd
sanm Discount On Sold Receivables
DiscountOnSoldReceivables
7000000 usd
sanm Discount On Sold Receivables
DiscountOnSoldReceivables
16000000 usd
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
37000000 usd
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
34000000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17000000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60000000 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
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
69059000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
68305000 usd
CY2024Q2 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
6506000 usd
CY2023Q3 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
9427000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
6577000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
6853000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
68988000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
70879000 usd
sanm Shares Repurchased
SharesRepurchased
3000000 shares
sanm Shares Repurchased
SharesRepurchased
1000000 shares
sanm Share Repurchases
ShareRepurchases
162000000 usd
sanm Share Repurchases
ShareRepurchases
51000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
118000000 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
26000000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
22000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1841430000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207118000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
153539000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
183208000 usd
us-gaap Gross Profit
GrossProfit
469136000 usd
us-gaap Gross Profit
GrossProfit
569783000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
51602000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
76494000 usd
us-gaap Net Income Loss
NetIncomeLoss
161155000 usd
us-gaap Net Income Loss
NetIncomeLoss
248129000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55466000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57987000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55862000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57995000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1245000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1605000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1354000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2001000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56711000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59592000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57216000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59996000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.14
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
14682000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
13317000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
41918000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
37460000 usd
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6000000 shares
CY2024Q2 sanm Stock Options And Unvested Restricted Stock Units Outstanding
StockOptionsAndUnvestedRestrictedStockUnitsOutstanding
3000000 shares
CY2024Q2 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
1430000 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
51.72
sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled
1420000 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
40.62
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2891000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
50.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y4M20D
CY2024Q2 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
195340000 usd
CY2024Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestNumber
2581000 shares
CY2024Q2 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
50.42
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
P1Y4M6D
CY2024Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Nonvested And Expected To Vest Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockNonvestedAndExpectedToVestAggregateIntrinsicValue
174351000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
92000000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
R46.htm Edgar Link pending
R47.htm Edgar Link pending
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report.css Edgar Link pending
sanm-20240629.htm Edgar Link pending
sanm-20240629.xsd Edgar Link pending
sanm-20240629_cal.xml Edgar Link unprocessable
sanmina_ex1045x20240629.htm Edgar Link pending
sanmina_ex311x20240629.htm Edgar Link pending
sanmina_ex312x20240629.htm Edgar Link pending
sanmina_ex321x20240629.htm Edgar Link pending
sanmina_ex322x20240629.htm Edgar Link pending
Show.js Edgar Link pending
sanm-20240629_def.xml Edgar Link unprocessable
sanm-20240629_pre.xml Edgar Link unprocessable
sanm-20240629_lab.xml Edgar Link unprocessable
sanm-20240629_htm.xml Edgar Link completed
0000897723-24-000046-index-headers.html Edgar Link pending
0000897723-24-000046-index.html Edgar Link pending
0000897723-24-000046.txt Edgar Link pending
0000897723-24-000046-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable