SANM

• Non-GAAP operating margin was 8.0% and non-GAAP diluted EPS was $3.31 for the quarter.
• Cash flow from operations was $124 million, free cash flow was $24 million, and ending cash and cash equivalents were $1.84 billion.
• For Q4 fiscal 2026, the company guides revenue of $3.3-$3.6 billion, non-GAAP operating margin of 7.5%-8.0%, and non-GAAP diluted EPS of $3.05-$3.35.
• The company updated its full-year fiscal 2026 outlook: revenue now $14.0-$14.3 billion, non-GAAP operating margin 6.85%-7.25%, and non-GAAP diluted EPS $11.90-$12.20.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Non-GAAP operating margin was 6.4% and non-GAAP diluted EPS was $3.16 for the quarter.
• Cash flow from operations was $399 million and free cash flow was $342 million; cash and equivalents ended at $1.58 billion.
• Board authorized a new $600 million share repurchase program with no expiration date; prior program was exhausted as of March 28, 2026.
• Q3 FY2026 outlook: revenue $3.2–$3.5 billion, non-GAAP operating margin 6.4%–6.9%, non-GAAP diluted EPS $2.55–$2.85; FY2026 revenue outlook $13.7–$14.3 billion.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Stockholders ratified PricewaterhouseCoopers LLP as independent auditor for fiscal year ending October 3, 2026 (50,528,448 for).
• Advisory say-on-pay vote passed with 39,455,563 for and 9,020,980 against.
• Stockholders approved reserving an additional 1,200,000 shares under the 2019 Equity Incentive Plan (46,532,962 for).
• A stockholder proposal for an independent board chairman was rejected (5,761,319 for; 42,678,217 against).

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• GAAP diluted EPS was $0.89; non-GAAP diluted EPS was $2.38.
• Non-GAAP operating margin was 6.0%, at the high end of outlook.
• Cash flow from operations was $179 million; free cash flow was $92 million.
• For Q2 FY2026, the company guides revenue between $3.1 billion and $3.4 billion and non-GAAP diluted EPS between $2.25 and $2.55.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On December 8, 2025, the Compensation Committee approved the Fiscal Year 2026 Corporate Bonus Plan.
• No incentive compensation is payable if minimum performance targets are not achieved.
• Executive officer target incentive compensation ranges from 90% to 187.5% of annual base salary.
• The Committee may amend or terminate the plan and adjust individual incentives discretionarily.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Q4 FY2025 revenue was $2.1 billion, with GAAP diluted EPS of $0.88 and non-GAAP diluted EPS of $1.67.
• Q4 cash flow from operations was $199 million; free cash flow was $137 million.
• Company repurchased approximately 1.44 million shares for $114 million in FY2025.
• First quarter fiscal 2026 outlook: revenue between $2.9 billion and $3.2 billion, non-GAAP diluted EPS between $1.95 and $2.25.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Consideration included $2.4 billion in cash (subject to adjustments) and 1,151,052 shares of Sanmina common stock valued at $150 million, plus up to $450 million in contingent cash consideration.
• To fund the acquisition, Sanmina entered into amendments to its credit agreement, adding a $600 million delayed draw term loan facility and an $800 million incremental Term Loan B facility, and borrowed $1.4 billion under Term Loan A and $800 million under Term Loan B.
• Sanmina refinanced and terminated its existing Fifth Amended and Restated Credit Agreement dated September 27, 2022.
• ZT Systems also amended its receivables purchase agreement with PNC Bank, maintaining an $850 million uncommitted facility with no outstanding receivables as of October 31, 2025.

1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 9.01 Financial Statements and Exhibits

• Sanmina Corporation announced on October 27, 2025, the completion of its acquisition of ZT Group Int'l, Inc., the ZT Systems data center infrastructure manufacturing business, from AMD.
• Sanmina and AMD have committed to a strategic partnership making Sanmina a U.S.-based preferred new product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions.
• ZT Systems brings manufacturing facilities in New Jersey, Texas, and the Netherlands, with advanced liquid cooling capabilities.
• Sanmina will hold a conference call on November 3, 2025, to review the announcement and its fourth quarter and fiscal year 2025 results.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits