---
title: "SANM Sanmina"
canonical: "https://supercyclehq.com/stock/sanmina"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "SANM"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Sanmina (SANM)

Sanmina is an electronics manufacturing services company that builds complex products for customers in communications, cloud, industrial, medical, defense, and automotive markets.

## AI Exposure Score

**70/100, Core.** The ZT Systems deal makes Sanmina a primary US manufacturer of AI rack-scale systems with AMD as an anchor customer, layered on existing cloud and networking hardware work. The thesis depends on that new business scaling faster than its diversified legacy EMS revenue, which keeps it at the lower edge of Core.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $159.18 |
| Change 1d | -3.86% |
| Change 7d | -1.34% |
| Change 30d | -30.50% |
| Change 1y | +13.42% |
| 52-week high | $282.72 |
| 52-week low | $122.86 |
| Market cap | $8.5B |
| P/E | 28.48 |
| EPS | $5.59 |
| Next earnings | 2026-11-09 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NASDAQ |
| Sector | Technology |
| Headquarters | San Jose, CA |
| CEO | Jure Sola |
| Employees | 35,000 |
| Website | https://www.sanmina.com |
| Buildout layers | [EMS & Manufacturing](https://supercyclehq.com/category/ems-manufacturing) |

## What the company does

Sanmina is an electronics manufacturing services company that builds complex products for customers in communications, cloud, industrial, medical, defense, and automotive markets. It earns revenue on outsourced manufacturing programs and on components, printed circuit boards, and backplanes it fabricates itself.

Its AI position changed sharply when it acquired ZT Systems' data center infrastructure manufacturing business from AMD. The deal makes Sanmina a primary US manufacturer of AI rack-scale systems, with AMD committed as an anchor customer, and it adds to existing work building cloud and networking hardware for major equipment makers.

Founded in 1980 and headquartered in San Jose, California, Sanmina employs about 35,000 people and trades on the NASDAQ. Cofounder Jure Sola leads the company as chairman and CEO.

## Role in the AI buildout

Sanmina sits in the EMS & Manufacturing layer. Through the ZT Systems manufacturing business it bought from AMD, it assembles complete AI rack-scale systems in the United States, an increasingly valued capability as hyperscalers and chipmakers push for domestic manufacturing. Its printed circuit board and backplane fabrication also feeds data center hardware. The AMD anchor relationship gives it a direct line into one of the two major AI GPU roadmaps.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $26.3M | 0.11% | increased | 2026-06-30 |

## FAQ

### What does Sanmina Corporation do?

Sanmina is an electronics manufacturing services company based in San Jose, California. It builds complex electronics for cloud, communications, industrial, medical, defense, and automotive customers, and fabricates its own printed circuit boards and backplanes.

### How is Sanmina Corporation exposed to AI?

Supercycle rates Sanmina Core with an AI Exposure Score of 70 out of 100. Its acquisition of ZT Systems' manufacturing business from AMD makes it a primary US builder of AI rack-scale systems, with AMD as an anchor customer.

### What did Sanmina buy from AMD?

AMD kept ZT Systems' design team after buying the company, then sold its data center manufacturing arm to Sanmina. That gives Sanmina the factories and workforce that assemble hyperscale AI server racks in the United States.

### Is SANM a pure play AI stock?

No. Sanmina sits at the lower edge of the Core tier. The ZT Systems business gives it real AI rack manufacturing scale, but diversified legacy manufacturing across industrial, medical, defense, and automotive markets still contributes much of its revenue.

### Who leads Sanmina?

Jure Sola cofounded Sanmina in 1980 and leads it today as chairman and CEO, one of the longest tenures in the electronics manufacturing industry. The company employs about 35,000 people worldwide from its San Jose, California headquarters.

---

Source: https://supercyclehq.com/stock/sanmina. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.