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Celestica vs Sanmina: CLS and SANM compared
Celestica is the larger company: $5.8B of revenue in its latest quarter (Q3 2026) against $3.5B for Sanmina (Q3 FY26). Celestica is growing faster (+82% against +70% a year earlier). Celestica is more profitable, with an operating margin of 7.9% against 6.4%.
Where the money goes: CLS and SANM
Celestica (CLS) · Q3 2026
Celestica, Q3 2026: revenue $5.8B (+82% year over year), operating margin 7.9%, net earnings $397M, operating cash flow $390M. The chart follows the revenue to costs, profit and cash.
Sanmina (SANM) · Q3 FY26
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.
| Celestica (CLS) | Sanmina (SANM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $5.8B | $3.5B |
| Revenue growth, Y/Y | +82% | +70% |
| Gross margin | 11.0% | 10.5% |
| Operating margin | 7.9% | 6.4% |
| Net earnings | $397M | $117M |
| Net margin | 6.8% | 3.4% |
| Operating cash flow | $390M | $124M |
| Free cash flow | $116M | $23.6M |
| Market value | $25.0B | $7.4B |
| P/E | 19.5× | 22.5× |
| Analysts’ mean target | $464.78 | $262.50 |
Where the revenue comes from
Celestica
- CCS: $4.9B (84%)
- ATS: $957M (16%)
Sanmina
- IMS Third Party Revenue: $2.9B (85%)
- CPS Third Party Revenue: $516M (15%)
Questions
Which is bigger, Celestica or Sanmina?
Celestica is the larger company: $5.8B of revenue in its latest quarter (Q3 2026) against $3.5B for Sanmina (Q3 FY26).
Is Celestica or Sanmina growing faster?
Celestica is growing faster (+82% against +70% a year earlier).
Which is more profitable, Celestica or Sanmina?
Celestica is more profitable, with an operating margin of 7.9% against 6.4%.
More: Celestica earnings · how Celestica makes money · Sanmina earnings · how Sanmina makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Jul 27, 2026). Fiscal quarters can end on different dates. Not investment advice.