Sanmina (SANM) Operating Margin (2010 - 2026)
Sanmina (SANM) reported Operating Margin of 3.91% for Q1 2026, down 71.0% year-over-year from 13.49% in Q1 2025, and up 69.55% quarter-over-quarter from 2.31% in Q4 2025.
Sanmina (SANM) Operating Margin (2010 - 2026) Analysis & Trends
Sanmina (SANM) has 17 years of Operating Margin data on file, last reported at 3.91% in Q1 2026.
- Operating Margin for Q1 2026 came in at 3.91%, down 71.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.57% (down 92.0% YoY), and the FY2025 annual result was 4.36%, down 7.0% from the prior year.
- Operating Margin advanced to 3.91% in Q1 2026 per SANM's latest filing, from 2.31% in the prior quarter.
- Over five years, Operating Margin peaked at 5.45% in Q4 2022 and troughed at 2.31% in Q4 2025.
- A 5-year average of 4.41% and a median of 4.5% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin surged 144 bps in 2022, then sank 211 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 5.45% in 2022, then dropped by 14 bps to 4.67% in 2023, then retreated by 5 bps to 4.42% in 2024, then slumped by 48 bps to 2.31% in 2025, then surged by 70 bps to 3.91% in 2026.
- Business Quant data shows SANM's Operating Margin at 3.91% in Q1 2026, 2.31% in Q4 2025, and 3.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 170.58 Bn | 165.55 Bn | 2.80 Bn | 24.04% |
| 2 | Corning | 152.19 Bn | 150.97 Bn | 1.53 Bn | 15.42% |
| 3 | TE Connectivity | 62.31 Bn | 61.34 Bn | 1.75 Bn | 20.11% |
| 4 | Flex | 56.36 Bn | 54.72 Bn | 702.00 Mn | 4.98% |
| 5 | Celestica | 42.71 Bn | 42.33 Bn | 437.20 Mn | 6.72% |
| 6 | Jabil | 37.62 Bn | 35.80 Bn | 746.00 Mn | 4.52% |
| 7 | Fabrinet | 22.26 Bn | 21.31 Bn | 144.34 Mn | 9.89% |
| 8 | Ttm Technologies | 17.40 Bn | 16.99 Bn | 181.18 Mn | 8.56% |
| 9 | Sanmina | 13.70 Bn | 12.12 Bn | 353.79 Mn | 3.91% |
| 10 | Vicor | 12.32 Bn | 11.92 Bn | 62.37 Mn | 14.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 4.40% |