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Jabil vs Sanmina: JBL and SANM compared
Jabil is the larger company: $10.6B of revenue in its latest quarter (Q4 FY26) against $3.5B for Sanmina (Q3 FY26). Sanmina is growing faster (+70% against +29% a year earlier). Sanmina is more profitable, with an operating margin of 6.4% against 5.7%.
Where the money goes: JBL and SANM
Jabil (JBL) · Q4 FY26
Jabil, Q4 FY26: revenue $10.6B (+29% year over year), operating margin 5.7%, net earnings $397M, operating cash flow $733M. 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.
| Jabil (JBL) | Sanmina (SANM) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 FY26 |
| Revenue | $10.6B | $3.5B |
| Revenue growth, Y/Y | +29% | +70% |
| Gross margin | 9.4% | 10.5% |
| Operating margin | 5.7% | 6.4% |
| Net earnings | $397M | $117M |
| Net margin | 3.7% | 3.4% |
| Operating cash flow | $733M | $124M |
| Free cash flow | $487M | $23.6M |
| Market value | $25.3B | $7.4B |
| P/E | 24.2× | 22.5× |
| Analysts’ mean target | $425.00 | $262.50 |
Where the revenue comes from
Sanmina
- IMS Third Party Revenue: $2.9B (85%)
- CPS Third Party Revenue: $516M (15%)
Questions
Which is bigger, Jabil or Sanmina?
Jabil is the larger company: $10.6B of revenue in its latest quarter (Q4 FY26) against $3.5B for Sanmina (Q3 FY26).
Is Jabil or Sanmina growing faster?
Sanmina is growing faster (+70% against +29% a year earlier).
Which is more profitable, Jabil or Sanmina?
Sanmina is more profitable, with an operating margin of 6.4% against 5.7%.
More: Jabil earnings · how Jabil makes money · Sanmina earnings · how Sanmina makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 23, 2026; 10-Q filed Jul 27, 2026). Fiscal quarters can end on different dates. Not investment advice.