SANM Sanmina margins

Relative Growth: Rel. Growth: 87

Relative Strength: Rel. Strength: 36

Relative Valuation: Rel. Valuation: 68

Relative Profitability: Rel. Profitability: 47

Gross margin

Operating margin

4.2%

EBITDA margin

5.3%

Net margin

2.4%

Recent Sanmina shows a gross margin of 9%, an operating margin of 4.2%, an EBITDA margin of 5.3%, and a net margin of 2.4%. Across the available margins, gross margin advanced the most and net margin weakened the most, by 0.3 and 0.8 percentage points respectively.

SANM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Sanmina's margins averaged 8.56% gross, 4.37% operating, 5.6% EBITDA, and 2.88% net. For Sanmina, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

SANM margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in gross margin, which increased by 0.3 percentage points, whereas operating margin contracted by 0.3 percentage points, EBITDA margin by 0.5 percentage points, and net margin by 0.8 percentage points.

Gross margin expansion

0.3pp

Operating margin expansion

-0.3pp

EBITDA margin expansion

-0.5pp

Net margin expansion

-0.8pp

SANM Gross margin

Over the last 3 years, Sanmina recorded an average gross margin of 8.56%. Sanmina's current gross margin is 9% and is 0.4 percentage points above its three-year average. The highest gross margin for Sanmina was 9% in Jun 2026, while the lowest was 8.4% in Dec 2023.

SANM Operating margin

Across the last 3 years, Sanmina had an average operating margin of 4.37%. Against its three-year average, Sanmina's operating margin is currently 4.2%, 0.2 percentage points below its three-year average. Looking back over the last 3 years, Sanmina's operating margin reached 5% at its highest point in Dec 2023 and 3.6% at its lowest in Dec 2025.

SANM EBITDA margin

Over the last 3 years, the average EBITDA margin for Sanmina was 5.6%. Compared with its three-year average, Sanmina's current EBITDA margin is 5.3% and is 0.3 percentage points below its three-year average. Sanmina's EBITDA margin ranged from a low of 4.7% in Mar 2026 to a high of 6.1% in Dec 2023.

SANM Net margin

Over the last 3 years, the average net margin for Sanmina was 2.88%. The current net margin stands at 2.4%, 0.5 percentage points below its three-year average. Sanmina's net margin ranged from a low of 2.3% in Mar 2026 to a high of 3.3% in Dec 2023.

SANM margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 9%, SANM stands below the Technology sector, the industry and its peers average. Compared to its Technology sector average of 52.2%, Sanmina's gross margin is 83% lower.

SANM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Sanmina's gross margin?

As of Jun 27, 2026, SANM has a gross margin of 9%.

What is Sanmina's operating margin?

As of Jun 27, 2026, SANM has an operating margin of 4.2%.

What is Sanmina's EBITDA margin?

As of Jun 27, 2026, SANM has an EBITDA margin of 5.3%.

What is Sanmina's net margin?

For the period ending Jun 27, 2026, SANM recorded a net margin of 2.4%.

What are the average margins of SANM?

Sanmina's average margins over the last 3 years were 8.6% gross, 4.4% operating, 5.6% EBITDA, and 2.9% net.

What are the highest historical margins of SANM?

Across the 5-year period, SANM posted its highest margins at 9% gross in Jun 2026, 5.1% operating in Sep 2023, 6.2% EBITDA in Sep 2023, and 3.8% net in Jan 2022.

What are the lowest historical margins of SANM?

Within the 5-year period, SANM recorded its lowest margins at 7.6% gross in Apr 2022, 3.6% operating in Dec 2025, 4.7% EBITDA in Mar 2026, and 2.3% net in Mar 2026.