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Sanmina vs TTM Technologies: SANM and TTMI compared
Sanmina is the larger company: $3.5B of revenue in its latest quarter (Q3 FY26) against $1.2B for TTM Technologies (Q3 2026). Sanmina is growing faster (+70% against +60% a year earlier). TTM Technologies is more profitable, with an operating margin of 13.5% against 6.4%.
Where the money goes: SANM and TTMI
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.
TTM Technologies (TTMI) · Q3 2026
TTM Technologies, Q3 2026: revenue $1.2B (+60% year over year), operating margin 13.5%, net earnings $84.8M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Sanmina (SANM) | TTM Technologies (TTMI) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $3.5B | $1.2B |
| Revenue growth, Y/Y | +70% | +60% |
| Gross margin | 10.5% | 24.2% |
| Operating margin | 6.4% | 13.5% |
| Net earnings | $117M | $84.8M |
| Net margin | 3.4% | 7.0% |
| Operating cash flow | $124M | $155M |
| Free cash flow | $23.6M | $74.8M |
| Market value | $7.4B | $7.2B |
| P/E | 22.5× | 26.6× |
| Analysts’ mean target | $262.50 | $185.80 |
Where the revenue comes from
Sanmina
- IMS Third Party Revenue: $2.9B (85%)
- CPS Third Party Revenue: $516M (15%)
TTM Technologies
- Data Center and Networking: $498M (41%)
- Aerospace and Defense Components: $405M (34%)
- Medical Industrial Instrumentation: $213M (18%)
- Automotive Components: $88.0M (7%)
Questions
Which is bigger, Sanmina or TTM Technologies?
Sanmina is the larger company: $3.5B of revenue in its latest quarter (Q3 FY26) against $1.2B for TTM Technologies (Q3 2026).
Is Sanmina or TTM Technologies growing faster?
Sanmina is growing faster (+70% against +60% a year earlier).
Which is more profitable, Sanmina or TTM Technologies?
TTM Technologies is more profitable, with an operating margin of 13.5% against 6.4%.
More: Sanmina earnings · how Sanmina makes money · TTM Technologies earnings · how TTM Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 27, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.