SANMINA 2026: Revenue $3.46B, EPS $2.12— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Sanmina reported Q2 2026 results with revenue of $3.46B and diluted EPS of $2.12, both up approximately 69% year-over-year. Growth was driven by the ZT Systems acquisition and increased cloud/communications shipments. Revenue now exceeds $3.46B, with net income at $125.31M. The company established a strategic NPI relationship with AMD for AI deployments. IMS gross margins improved following ZT integration, while CPS margins faced pressure from manufacturing inefficiencies.
SANMINA reported results for the quarter with revenue of $3.46B, net income of $125.31M and diluted EPS of $2.12, each up about 69% year over year, driven largely by the completed ZT Systems acquisition and higher shipments into cloud and communications markets.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $3.46B | $2.04B | 69.7% |
| Net income² | $125.31M | $72.89M | 71.9% |
| Diluted EPS³ | $2.12 | $1.26 | 68.3% |
¹ Reported as “Net sales”. ² Reported as “Net income before noncontrolling interest”. ³ Reported as “Net income attributable to common shareholders per share”.
Business Highlights
- Revenue growth of roughly 70% year over year was driven largely by the acquisition of ZT Systems and ramping demand in cloud infrastructure.
- Channel mix shifted materially toward Communications Networks and Cloud/AI, now representing more than 60% of sales, supported by program wins and volume ramps.
- SANMINA established a strategic NPI relationship with AMD following the ZT acquisition to accelerate AMD AI system deployments.
- The company completed integration of ZT Systems into its IMS segment and finalized a working capital adjustment that reduced goodwill; IMS gross margins improved while CPS margins were pressured by manufacturing inefficiencies.
Original SEC Filing: SANMINA CORP [ SANM ] - 10-Q - Jul. 27, 2026