Quarterly ResultApr 27, 2026, 04:34 PM
SANM Q1 Net Sales +102% to $4.01B; EPS $1.70; ZT Systems Acquired
AI Summary
SANMINA CORP reported robust financial results for the first quarter of fiscal 2026, with net sales more than doubling and diluted EPS seeing a significant increase year-over-year. This strong performance was largely influenced by the completed acquisition of ZT Systems in October 2025, a manufacturer of AI and general purpose computer infrastructure, which is now integrated into the IMS segment. The acquisition also led to a substantial increase in the company's long-term debt and total assets.
Key Highlights
- Completed acquisition of ZT Systems on October 27, 2025, for $1.36 billion cash.
- Q1 Net Sales increased 102.2% to $4.01 billion from $1.98 billion YoY.
- Q1 Diluted EPS rose 46.6% to $1.70 from $1.16 YoY.
- Long-term debt surged 606.7% to $2.00 billion from $283.0 million.
- IMS segment revenue was $3.57 billion, CPS segment revenue was $438.7 million.
- Americas revenue was $3.09 billion, APAC $636.2 million, EMEA $285.1 million.
- Cash and cash equivalents increased 70.1% to $1.58 billion.