Sanmina (SANM) Operating Margin (2010 - 2026)
Sanmina (SANM) posted quarterly Operating Margin of 6.39% for Q2 2026, up 169.0% year-over-year from 2.37% in Q2 2025, and up 63.24% quarter-over-quarter from 3.91% in Q1 2026.
Sanmina (SANM) Operating Margin (2010 - 2026) Analysis & Trends
Sanmina (SANM) has reported Operating Margin for 17 consecutive years, with 6.39% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 169.0% year-over-year to 6.39%; the TTM figure through Jun 2026 stood at 4.15% (down 39.0% YoY), while the FY2025 annual figure was 4.36%, down 7.0% from the prior year.
- Operating Margin grew to 6.39% in Q2 2026 per SANM's latest filing, from 3.91% in the prior quarter.
- Across five years, Operating Margin topped out at 6.39% in Q2 2026 and bottomed at 2.31% in Q4 2025.
- Historically, Operating Margin has averaged 4.51% across 5 years, with a median of 4.53% in 2022.
- Annual changes were most pronounced in 2025 — Operating Margin sank 211 bps — and 2026, when it soared 169 bps.
- Sanmina's Operating Margin stood at 5.45% in 2022, then declined by 14 bps to 4.67% in 2023, then decreased by 5 bps to 4.42% in 2024, then tumbled by 48 bps to 2.31% in 2025, then surged by 177 bps to 6.39% in 2026.
- Business Quant data shows SANM's Operating Margin at 6.39% in Q2 2026, 3.91% in Q1 2026, and 2.31% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 384.18 Bn | 378.07 Bn | 3.55 Bn | 29.51% |
| 2 | Corning | 131.49 Bn | 128.98 Bn | 1.63 Bn | 15.49% |
| 3 | TE Connectivity | 58.51 Bn | 57.27 Bn | 1.84 Bn | 19.01% |
| 4 | Flex | 41.13 Bn | 38.29 Bn | 747.00 Mn | 4.94% |
| 5 | Celestica | 34.66 Bn | 34.13 Bn | 577.50 Mn | 9.75% |
| 6 | Jabil | 34.01 Bn | 32.65 Bn | 828.00 Mn | 5.09% |
| 7 | Fabrinet | 16.04 Bn | 15.17 Bn | 158.05 Mn | 10.20% |
| 8 | Ttm Technologies | 12.22 Bn | 11.71 Bn | 211.86 Mn | 10.86% |
| 9 | Littelfuse | 10.50 Bn | 9.87 Bn | 306.06 Mn | 16.21% |
| 10 | Sanmina | 10.50 Bn | 8.65 Bn | 363.31 Mn | 6.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 6.39% |
| Mar 28, 2026 | 3.91% |
| Dec 27, 2025 | 2.31% |
| Sep 27, 2025 | 3.74% |
| Jun 28, 2025 | 4.70% |
| Mar 29, 2025 | 4.62% |
| Dec 28, 2024 | 4.42% |
| Sep 28, 2024 | 4.44% |
| Jun 29, 2024 | 4.47% |
| Mar 30, 2024 | 4.14% |
| Dec 30, 2023 | 4.67% |
| Sep 30, 2023 | 4.84% |
| Jul 1, 2023 | 4.86% |
| Apr 1, 2023 | 5.20% |
| Dec 31, 2022 | 5.45% |
| Oct 1, 2022 | 4.65% |
| Jul 2, 2022 | 4.53% |
| Apr 2, 2022 | 3.98% |
| Jan 1, 2022 | 4.45% |
| Oct 2, 2021 | 3.99% |