What does Sanmina do?

Sanmina builds electronic products and parts for other companies that sell them under their own brands. It helps customers design, prototype, assemble, test, ship and repair products used in areas like medical devices, cars, defense, telecom networks and cloud data centers. It also makes its own components, such as circuit boards, cables, metal and plastic parts, memory and storage hardware.

What is Sanmina's fair value?

On an owner-earnings DCF, Sanmina's most-likely fair value is about $200, versus a recent price near $217. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Electronic Components · SANM

What Sanmina Does & How It Makes Money (SANM)

Updated October 2026 · reflects Sanmina's latest reported financials

Contract electronics manufacturer building products for equipment makers. Sanmina earns revenue mainly by providing contract design, manufacturing, logistics and repair services to original equipment manufacturers, and by selling components, subsystems and specialized products such as circuit boards, memory, storage and defense hardware.

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How Sanmina makes money

Sanmina earns revenue mainly by providing contract design, manufacturing, logistics and repair services to original equipment manufacturers, and by selling components, subsystems and specialized products such as circuit boards, memory, storage and defense hardware.

What Sanmina does

Sanmina Corporation, founded in 1980 and headquartered in San Jose, California, is an electronics manufacturing services provider serving original equipment manufacturers across the Americas, Asia Pacific, and Europe, the Middle East and Africa. Through its Integrated Manufacturing Solutions business it covers a product's full life cycle, from concept design, prototyping and industrialization to assembly, testing, order fulfillment, logistics and after-market repair. Its Components, Products and Services business makes printed circuit boards, backplanes, cable assemblies, machined, metal and plastic parts, memory and storage platforms, optical, RF and microelectronic solutions, and defense and aerospace products, and also offers cloud-based manufacturing execution software. Key end markets are industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure. The company was formerly known as Sanmina-SCI Corp.

Products & services

Integrated Manufacturing Solutions (contract assembly and test)
Printed circuit boards and backplane assemblies
Cable assemblies and precision machined/metal/plastic parts
Memory solutions and storage platforms
Optical, RF and microelectronic solutions
Cloud-based manufacturing execution software

What is Sanmina worth?

On an owner-earnings DCF, Sanmina's most-likely value is about $200 versus a recent price near $217 (8% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$99) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $217

Fair value (most likely)

$200

Range

$146–$330

No-growth floor

$99

Price

~$217

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Electronic Components HQ United States Ticker SANM Official site

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