SANMINA Business Summary

Sanmina Corporation (SANM) operates as a leading provider of integrated manufacturing solutions, generating revenue primarily through high-complexity electronic manufacturing services (EMS), components, and after-market support for original equipment manufacturers (OEMs). The company’s operations are divided into two core segments: Integrated Manufacturing Solutions (IMS), which encompasses printed circuit board assembly and high-level system integration, and Components, Products, and Services (CPS), focusing on interconnect systems, mechanical systems, and specialized technology products. As of early 2026, Sanmina has strategically pivoted toward the high-growth AI and cloud infrastructure markets, which now account for approximately 62% of total revenue following the successful 2025 acquisition of the data center infrastructure manufacturing business of ZT Systems from AMD. Sanmina competes directly with global EMS giants such as Jabil (JBL), Flex Ltd (FLEX), Celestica (CLS), and Plexus (PLXS), positioning itself as a premium, technology-driven partner specializing in mission-critical applications for the industrial, medical, and defense sectors. Sanmina was co-founded in 1980 by Jure Sola and Milan Mandaric in Silicon Valley. The leadership team is currently headed by Jure Sola, who serves as Chairman and Chief Executive Officer, bringing over four decades of industry experience and a tenure that spans the company’s entire public history. Key executive roles include Jon Faust, who serves as Executive Vice President and Chief Financial Officer (appointed in late 2023), and Manesh Patel, the Chief Technology and R&D Officer responsible for the firm’s advanced engineering roadmap. The company’s governance is supported by a seasoned Board of Directors, which recently added Michael J. Loparco (former CEO of Symbotic) in March 2025 and includes industry veterans like Rita Lane. Sanmina maintains high institutional backing, with over 99% of shares held by major investment firms, and operates a significant strategic joint venture with Reliance Industries to expand its manufacturing footprint in the Indian market.