Filing Flows › Sanmina (SANM) › Q3 FY26
Sanmina (SANM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 27, 2026
Sanmina (SANM) reported revenue of $3.5B for the third quarter fiscal 2026 (Q3 FY26), +70% from a year earlier and -14% from the quarter before. Operating margin was 6.4%, net earnings $117M (3.4% of revenue).
Sanmina, Q3 FY26: revenue $3.5B (+70% year over year), operating margin 6.4%, net earnings $117M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -14% | +70% |
| Gross profit | $363M | +3% | +101% |
| Operating profit | $221M | +41% | +131% |
| Net earnings | $117M | +25% | +71% |
| Operating cash flow | $124M | -69% | -38% |
| Free cash flow | $23.6M | -93% | -86% |
What changed
Revenue was $3.5B in Q3 FY26, up 70% year over year and down 14% from the previous quarter. IMS Third Party Revenue was the largest line at 85% of revenue. IMS Third Party Revenue added $1.3B year over year (up 80%), 92% of the total change.
Gross margin was 10.5%, up 1.6 points from Q3 FY25. Operating profit was $0.22B, a 6.4% margin (up 1.7 points year over year). Of the extra revenue versus Q3 FY25, 9% reached operating profit, above the 5% margin then. Operating expenses grew 67% against revenue growth of 70%. The fastest-growing cost line was Other operating costs (+224%). Net earnings were $0.12B, up 71% year over year. The effective tax rate was 34.7%.
Operating cash flow was $0.12B (down 38% year over year), 99% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.10B left free cash flow of $0.02B.
Questions
What was Sanmina's revenue in the third quarter fiscal 2026?
Sanmina (SANM) reported revenue of $3.5B for the third quarter fiscal 2026 (Q3 FY26), +70% from a year earlier and -14% from the quarter before.
Was Sanmina profitable in the third quarter fiscal 2026?
Operating profit was $221M (6.4% of revenue) and net earnings $117M.
Source: Sanmina 10-Q on SEC EDGAR.