Every material Form 8-K Sanmina has filed with the SEC since December 12, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Sanmina Corporation appointed Shanker Trivedi, 69, to its board of directors effective September 14, 2026. Mr. Trivedi was Senior Vice President, Enterprise Business at NVIDIA from April 2016 to April 2026, and he also sits on the board of Enphase Energy. The filing states he will receive cash and equity compensation under the existing non-employee board arrangements, and it does not describe any change to company operations or financial results.
Appointment effective September 14, 2026, announced in a press release filed as Exhibit 99.1
Mr. Trivedi was at NVIDIA from 2009 to 2026, most recently as Senior Vice President, Enterprise Business from April 2016 to April 2026
He currently serves on the board of Enphase Energy
Compensation follows non-employee Board member arrangements previously approved by the Board
Sanmina reported fiscal third-quarter 2026 results for the quarter ended June 27, 2026, with revenue of $3.46 billion versus $2.04 billion a year earlier and non-GAAP diluted EPS of $3.31 versus $1.53. The company lowered its fiscal 2026 non-GAAP diluted EPS outlook to $10.75-$11.35 from $11.90-$12.20, which matters to shareholders because the full-year profit forecast is now lower even though the quarter was stronger.
Q3 revenue $3.46 billion vs. $2.04 billion a year earlier; GAAP diluted EPS $2.12 vs. $1.26
Fiscal 2026 non-GAAP diluted EPS outlook cut to $10.75-$11.35 from $11.90-$12.20; revenue range now $13.7 billion-$14.3 billion vs. $14.0 billion-$14.3 billion
Q3 cash flow from operations $124 million; free cash flow $24 million
Sanmina reported unaudited second-quarter fiscal 2026 revenue of $4.01 billion, up from $1.98 billion a year earlier, and GAAP diluted EPS of $1.70, up from $1.16. The board authorized a $600 million share repurchase program with no expiration date, and the company gave third-quarter revenue guidance of $3.2 billion to $3.5 billion.
Q2 revenue of $4.01 billion compared with $1.98 billion in the year-ago quarter; GAAP diluted EPS of $1.70 versus $1.16; non-GAAP diluted EPS of $3.16 versus $1.41
Q3 fiscal 2026 outlook: revenue of $3.2 billion to $3.5 billion and non-GAAP diluted EPS of $2.55 to $2.85
Fiscal 2026 outlook: revenue of $13.7 billion to $14.3 billion and non-GAAP diluted EPS of $10.75 to $11.35
Free cash flow of $342 million in Q2; the company bought back $160 million of stock in the quarter and exhausted its prior repurchase program as of March 28, 2026
At its March 9, 2026 annual meeting, Sanmina shareholders elected eight directors, ratified PricewaterhouseCoopers LLP as auditor for fiscal 2026, and approved an additional 1,200,000 shares for the 2019 Equity Incentive Plan. A stockholder proposal requiring separate Chairman and CEO roles was defeated, and shareholders also approved the advisory say-on-pay vote on executive compensation.
Shareholders approved reserving 1,200,000 more shares of Common Stock under the 2019 Plan, which expires December 3, 2028.
The independent Board Chairman proposal received 5,761,319 For votes and 42,678,217 Against votes.
Advisory approval of named executive officer compensation received 39,455,563 For votes and 9,020,980 Against votes.
PricewaterhouseCoopers LLP was ratified as auditor for the fiscal year ending October 3, 2026, with 50,528,448 For votes.
Sanmina reported unaudited first-quarter fiscal 2026 results for the quarter ended December 27, 2025, with revenue of $3.19 billion, up from $2.01 billion a year earlier. GAAP diluted EPS fell to $0.89 from $1.16, while non-GAAP diluted EPS rose to $2.38 from $1.44, and the company cited $43.4 million in acquisition and integration expenses tied to the ZT Systems acquisition. The company also gave second-quarter guidance of $3.1 billion to $3.4 billion in revenue and non-GAAP diluted EPS of $2.25 to $2.55.
Revenue was $3.19 billion versus $2.01 billion in the year-earlier quarter.
GAAP diluted EPS was $0.89, down from $1.16; non-GAAP diluted EPS was $2.38, up from $1.44.
GAAP operating income was $73.6 million, versus $88.6 million a year earlier, with $43.4 million in acquisition and integration expenses.
Q2 fiscal 2026 outlook (quarter ending March 28, 2026): revenue of $3.1 billion to $3.4 billion and non-GAAP diluted EPS of $2.25 to $2.55.
Sanmina's compensation committee approved a Fiscal Year 2026 Corporate Bonus Plan on December 8, 2025, setting targets for revenue, non-GAAP operating margin and cash flow from operations. Executive incentive pay will depend on meeting these targets, with no payout if a minimum level is not reached.
Plan approved by the Compensation Committee on December 8, 2025.
Targets cover fiscal 2026 revenue, non-GAAP operating margin and cash flow from operations.
No incentive compensation is payable if the company does not reach minimum performance levels.
Executive officer target incentives range from 90% to 187.5% of annual base salary.
Sanmina reported unaudited fourth-quarter fiscal 2025 revenue of $2.1 billion, up from $2.0 billion a year earlier, and non-GAAP diluted EPS of $1.67, up from $1.43. GAAP diluted EPS fell to $0.88 from $1.09, and GAAP operating income was $78.5 million versus $89.6 million, with acquisition and integration charges of $27.1 million in the quarter. The company also guided first-quarter fiscal 2026 revenue to $2.9 billion to $3.2 billion and non-GAAP diluted EPS to $1.95 to $2.25.
Q4 revenue $2.1 billion versus $2.0 billion a year earlier; GAAP diluted EPS $0.88 versus $1.09
Non-GAAP diluted EPS $1.67 versus $1.43; GAAP operating margin 3.7% versus 4.4%
Fiscal 2025 revenue $8.1 billion; cash flow from operations $621 million; free cash flow $478 million
Q1 fiscal 2026 outlook: revenue $2.9 billion to $3.2 billion; non-GAAP diluted EPS $1.95 to $2.25
Sanmina completed its acquisition of ZT Group Int'l, Inc. (ZT Systems), a provider of AI and general-purpose compute infrastructure, from an AMD subsidiary on October 27, 2025. The deal was paid for with $2.4 billion in cash, 1,151,052 Sanmina shares valued at $150 million, and new borrowings under an amended credit agreement, so the company now carries significantly more debt.
Closed October 27, 2025: $2.4 billion cash plus 1,151,052 shares valued at $150 million, with up to $450 million more in contingent cash over three years
Borrowed $1.4 billion under the Term Loan A Facility and $800 million under the Term Loan B Facility on October 27, 2025
Credit agreement amended October 20 and October 27, 2025; the existing Bank of America-agented facility was refinanced and terminated
ZT Systems entered an uncommitted receivables purchase agreement with PNC with a $850 million facility limit; no receivables were outstanding as of October 31, 2025
Sanmina entered a $3.5 billion senior secured credit agreement on July 29, 2025, with Bank of America as administrative agent. The facilities are unfunded for now and will be drawn at the closing of the previously announced ZT Group acquisition, and they will also refinance the company's existing loan agreement. The new debt adds leverage and secured obligations for shareholders, but the company's covenants and the acquisition's closing conditions are not yet satisfied.
Credit facilities total $3.5 billion: a $1.5 billion revolving facility and a $2.0 billion term loan A facility, maturing five years from the initial funding date.
Facilities are unfunded as of July 29, 2025, and will be drawn when the ZT Group acquisition closes; they terminate if funding does not occur five business days after the Outside Date in the May 18, 2025 equity purchase agreement.
Expected margin at initial funding is 0.75% for base rate loans and 1.75% for term SOFR loans, with a ticking fee of 0.25% annually on unfunded commitments starting on the 60th day after signing.
Covenants require a minimum cash interest coverage ratio of 3.00 to 1.00 and a maximum total net leverage ratio of 4.00 to 1.00, and obligations will be secured by first-priority liens on substantially all company assets.
Sanmina reported unaudited fiscal third-quarter 2025 results for the quarter ended June 28, 2025, with revenue of $2.04 billion, up from $1.84 billion a year earlier, and GAAP diluted EPS of $1.26, up from $0.91. The company also gave a fourth-quarter outlook of $2.0 billion to $2.1 billion in revenue and GAAP diluted EPS of $1.21 to $1.31, which shareholders can compare with future results.
Q3 revenue was $2.04 billion versus $1.84 billion in the year-earlier quarter.
GAAP diluted EPS was $1.26 versus $0.91; non-GAAP diluted EPS was $1.53 versus $1.25.
Fourth-quarter fiscal 2025 outlook: revenue of $2.0 billion to $2.1 billion; GAAP diluted EPS of $1.21 to $1.31.
Cash flow from operations was $201 million and the company repurchased shares for $13 million in the quarter.
Sanmina agreed on May 18, 2025 to buy the data center infrastructure manufacturing business of ZT Systems from AMD, for $2.55 billion in cash and equity plus up to $450 million in contingent payments. The deal is expected to close near the end of 2025, subject to regulatory approvals, and Sanmina has obtained a $2.5 billion bridge loan commitment from Bank of America to help fund it.
Purchase price of $2.25 billion cash for net assets plus a $300 million premium paid half in cash and half in Sanmina stock, with up to $450 million more based on three-year performance
Sanmina says the deal is expected to be accretive to non-GAAP EPS in the first year after closing, and to double its revenue scale in three years
Bank of America $2.5 billion 364-day bridge loan facility; the Outside Date for the deal is May 18, 2026
Termination fee of $153 million payable by Sanmina in certain regulatory-failure cases
Sanmina reported unaudited results for its fiscal second quarter ended March 29, 2025, with net sales of $1.98 billion, up from $1.83 billion in the year-earlier quarter. GAAP diluted EPS was $1.16, compared with $0.93 a year earlier, and non-GAAP diluted EPS was $1.41. The company also gave a third-quarter outlook of $1.925 billion to $2.025 billion in revenue and non-GAAP diluted EPS of $1.35 to $1.45.
Q2 net sales of $1,984,080 thousand ($1.98 billion) versus $1,834,595 thousand in the prior-year quarter
GAAP diluted EPS of $1.16 versus $0.93 a year earlier; non-GAAP diluted EPS of $1.41 versus $1.30
Q3 fiscal 2025 outlook (quarter ending June 28, 2025): revenue of $1.925 billion to $2.025 billion; GAAP diluted EPS of $1.05 to $1.15
Cash provided by operating activities of $157 million and share repurchases of $84 million in the quarter
On March 10, 2025, Sanmina's board appointed Michael J. Loparco as a director, the same day as the company's annual stockholder meeting. At that meeting, stockholders also approved adding 1,000,000 shares to the 2019 Equity Incentive Plan and voted on director elections, auditor ratification, and a shareholder proposal on special meetings. The filing does not report financial results, and the board appointment and plan approval are the main shareholder-relevant items.
Michael J. Loparco, 53, was appointed a director effective March 10, 2025; he was CEO of Symbotic Inc. and spent more than two decades at Jabil Inc.
Stockholders approved reserving an additional 1,000,000 shares of Common Stock under the 2019 Plan, with 45,948,744 votes for and 3,387,461 against.
The 2019 Plan expires on December 3, 2028.
Stockholders voted 40,402,418 for and 8,933,050 against the advisory say-on-pay proposal for named executive officers.
Sanmina reported unaudited first-quarter fiscal 2025 results for the quarter ended December 28, 2024, with revenue of $2.01 billion, up from $1.87 billion a year earlier, and GAAP diluted EPS of $1.16 versus $0.98. The company guided to second-quarter revenue of $1.9 billion to $2.0 billion and non-GAAP diluted EPS of $1.30 to $1.40, and its board authorized up to $300 million in additional share repurchases, which affects shareholders through capital returns and earnings expectations.
Revenue of $2.01 billion versus $1.87 billion in the year-earlier quarter
GAAP diluted EPS of $1.16 versus $0.98; non-GAAP diluted EPS of $1.44 versus $1.30
Q2 fiscal 2025 outlook: revenue of $1.9 billion to $2.0 billion; non-GAAP diluted EPS of $1.30 to $1.40
Board authorized up to $300 million in additional buybacks; about $37 million remained available as of December 28, 2024
Sanmina's compensation committee approved a Fiscal Year 2025 Corporate Bonus Plan on December 9, 2024. The plan ties incentive pay to revenue, non-GAAP operating margin and cash flow from operations targets, and pays nothing if minimum performance is not met.
Approved by the Compensation Committee on December 9, 2024, covering fiscal 2025
Targets: revenue, non-GAAP operating margin and cash flow from operations
Executive target incentive ranges from 90% to 187.5% of annual base salary
Committee may amend or terminate the plan and adjust individual awards up or down
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