SANMINA CORP, 10-Q filed on 7/27/2026
Quarterly Report
v3.26.1
Document and Entity Information Document - $ / shares
 9 Months Ended
Jun. 27, 2026
Jul. 20, 2026
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 27, 2026  
Document Transition Report false  
Entity File Number 0-21272  
Entity Registrant Name Sanmina Corporation  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 77-0228183  
Entity Address, Address Line One 2700 N. First St.,  
Entity Address, City or Town San Jose,  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95134  
City Area Code (408)  
Local Phone Number 964-3500  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Shell Company false  
Title of 12(b) Security Common Stock  
Trading Symbol SANM  
Security Exchange Name NASDAQ  
Entity Common Stock, Shares Outstanding   53,597,356
Entity Listing, Par Value Per Share $ 0.01  
Entity Central Index Key 0000897723  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --10-03  
Entity Emerging Growth Company false  
Entity Small Business false  
v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Current assets:    
Cash and cash equivalents $ 1,844,942 $ 926,267
Accounts and Other Receivables, Net, Current 1,986,682 1,400,129
Contract assets 522,364 425,944
Inventories 3,152,247 1,988,462
Prepaid expenses and other current assets 322,179 124,656
Total current assets 7,828,414 4,865,458
Property, plant and equipment, net 1,051,414 682,354
Deferred income tax assets 320,224 171,218
Goodwill 121,889 30,386
Other assets 417,793 108,757
Total assets 9,739,734 5,858,173
Current liabilities:    
Accounts payable 2,452,745 1,578,895
Accrued liabilities 366,525 179,605
Deferred revenue and customer advances 1,149,752 878,474
Accrued payroll and related benefits 212,858 167,541
Short-term debt, including current portion of long-term debt 215,000 17,500
Total current liabilities 4,396,880 2,822,015
Long-term liabilities:    
Long-term debt 1,957,310 282,974
Other liabilities 625,919 214,021
Total long-term liabilities 2,583,229 496,995
Commitments and contingencies (Note 8)
Stockholders’ equity 2,759,625 2,539,163
Total liabilities and stockholders’ equity $ 9,739,734 $ 5,858,173
v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Net sales $ 3,464,016 $ 2,041,562 $ 10,666,980 $ 6,031,990
Cost of sales 3,100,711 1,860,512 9,707,522 5,506,790
Gross profit 363,305 181,050 959,458 525,200
Operating expenses:        
Selling, general and administrative 109,331 69,542 337,766 216,700
Research and development 8,267 8,078 24,916 22,418
Acquisition, integration and others 21,075 7,080 137,022 7,080
Amortization of intangible assets 1,831 0 4,883 0
Restructuring Charges 1,576 473 3,040 2,899
Total operating expenses 142,080 85,173 507,627 249,097
Operating income 221,225 95,877 451,831 276,103
Interest income 9,800 4,200 26,291 11,319
Interest Expense, Nonoperating 32,464 4,981 89,324 14,961
Other income (expense), net (6,809) (3,686) (4,326) (6,370)
Interest and other, net (29,473) (4,467) (67,359) (10,012)
Income before income taxes 191,752 91,410 384,472 266,091
Provision for income taxes 66,444 18,522 109,594 51,804
Net income before noncontrolling interest 125,308 72,888 274,878 214,287
Less: Net income attributable to noncontrolling interest 8,179 4,272 14,817 16,460
Net income attributable to common shareholders $ 117,129 $ 68,616 $ 260,061 $ 197,827
Net income attributable to common shareholders per share:        
Basic $ 2.17 $ 1.28 $ 4.81 $ 3.66
Diluted $ 2.12 $ 1.26 $ 4.71 $ 3.58
Weighted-average shares used in computing per share amounts:        
Basic 53,861 53,614 54,118 54,074
Diluted 55,133 54,493 55,254 55,285
v3.26.1
Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Net income before noncontrolling interest $ 125,308 $ 72,888 $ 274,878 $ 214,287
Other comprehensive income (loss), net of tax:        
Change in foreign currency translation adjustments (2,821) 6,045 (3,705) 3,548
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent (308) (217) 383 114
Derivative financial instruments:        
Change in net unrealized amount 8,526 2,643 30,804 2,702
Amount reclassified into net income before noncontrolling interest (4,179) (3,771) (10,901) (1,975)
Total other comprehensive income (loss), net of tax 1,218 4,700 16,581 4,389
Comprehensive income before noncontrolling interest 126,526 77,588 291,459 218,676
Less: Net income attributable to noncontrolling interest 8,179 4,272 14,817 16,460
Comprehensive income attributable to common shareholders $ 118,347 $ 73,316 $ 276,642 $ 202,216
v3.26.1
Condensed Consolidated Statements of Stockholder's Equity Statement - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock and Additional Paid in Capital
Treasury Stock, Common
Accumulated Other Comprehensive Income
Accumulated Deficit
Noncontrolling Interest [Member]
Number of Common Shares
Balance at Sep. 28, 2024   $ 6,576,899 $ (1,739,550) $ 66,741 $ (2,707,472)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Business Combination, Consideration Transferred, Equity Interest   0          
Stock-based compensation expense   47,163          
Stock Issued During Period, Value, Treasury Stock Reissued     0        
Repurchases of Treasury Stock, Value     (113,944)        
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation $ (39,000)   $ (38,547)        
Total other comprehensive income (loss), net of tax 4,389     4,389      
Net income attributable to common shareholders 197,827       197,827    
Balance at Sep. 28, 2024 164,890            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net income attributable to noncontrolling interest 16,460         $ 16,460  
Balance at Jun. 28, 2025 $ 181,350            
Common Stock, Shares, Issued at Sep. 28, 2024             113,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances under stock plans, shares             1,283
Common Stock, Shares, Issued at Jun. 28, 2025             114,400
Treasury Stock, Common, Shares at Sep. 28, 2024     59,196        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock issued     0        
Repurchases of treasury stock     1,435        
Tax withholding on stock-based compensation 500   488        
Treasury Stock, Common, Shares at Jun. 28, 2025     61,119        
Balance at Jun. 28, 2025   6,624,062 $ (1,892,041) 71,130 (2,509,645)    
Balance at Mar. 29, 2025   6,607,981 (1,877,658) 66,430 (2,578,261)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Business Combination, Consideration Transferred, Equity Interest   0          
Stock-based compensation expense   16,081          
Stock Issued During Period, Value, Treasury Stock Reissued     0        
Repurchases of Treasury Stock, Value     (13,491)        
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation     $ (892)        
Total other comprehensive income (loss), net of tax $ 4,700     4,700      
Net income attributable to common shareholders 68,616       68,616    
Balance at Mar. 29, 2025 177,078            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net income attributable to noncontrolling interest 4,272         4,272  
Balance at Jun. 28, 2025 181,350            
Common Stock, Shares, Issued at Mar. 29, 2025             114,362
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances under stock plans, shares             38
Common Stock, Shares, Issued at Jun. 28, 2025             114,400
Treasury Stock, Common, Shares at Mar. 29, 2025     60,911        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock issued     0        
Repurchases of treasury stock     197        
Tax withholding on stock-based compensation     11        
Treasury Stock, Common, Shares at Jun. 28, 2025     61,119        
Balance at Jun. 28, 2025   6,624,062 $ (1,892,041) 71,130 (2,509,645)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stockholders’ equity 2,474,856            
Stockholders’ equity 2,539,163            
Balance at Sep. 27, 2025   6,642,232 (1,896,367) 69,620 (2,461,579)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Business Combination, Consideration Transferred, Equity Interest   64,449          
Stock-based compensation expense   72,502          
Stock Issued During Period, Value, Treasury Stock Reissued     90,898        
Repurchases of Treasury Stock, Value     (239,244)        
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation (60,000)   $ (59,602)        
Total other comprehensive income (loss), net of tax 16,581     16,581      
Net income attributable to common shareholders 260,061       260,061    
Balance at Sep. 27, 2025 185,257            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net income attributable to noncontrolling interest 14,817         14,817  
Balance at Jun. 27, 2026 $ 200,074            
Common Stock, Shares, Issued at Sep. 27, 2025             114,561
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances under stock plans, shares             997
Common Stock, Shares, Issued at Jun. 27, 2026             115,558
Treasury Stock, Common, Shares at Sep. 27, 2025     61,157        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock issued     1,151        
Repurchases of treasury stock     1,593        
Tax withholding on stock-based compensation 400   365        
Treasury Stock, Common, Shares at Jun. 27, 2026     61,964        
Balance at Jun. 27, 2026   6,779,183 $ (2,104,315) 86,201 (2,201,518)    
Balance at Mar. 28, 2026   6,754,366 (2,100,788) 84,983 (2,318,647)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Business Combination, Consideration Transferred, Equity Interest   0          
Stock-based compensation expense   24,817          
Stock Issued During Period, Value, Treasury Stock Reissued     0        
Repurchases of Treasury Stock, Value     0        
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation     $ (3,527)        
Total other comprehensive income (loss), net of tax $ 1,218     1,218      
Net income attributable to common shareholders 117,129       117,129    
Balance at Mar. 28, 2026 191,895            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net income attributable to noncontrolling interest 8,179         $ 8,179  
Balance at Jun. 27, 2026 200,074            
Common Stock, Shares, Issued at Mar. 28, 2026             115,499
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances under stock plans, shares             59
Common Stock, Shares, Issued at Jun. 27, 2026             115,558
Treasury Stock, Common, Shares at Mar. 28, 2026     61,943        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock issued     0        
Repurchases of treasury stock     0        
Tax withholding on stock-based compensation     21        
Treasury Stock, Common, Shares at Jun. 27, 2026     61,964        
Balance at Jun. 27, 2026   $ 6,779,183 $ (2,104,315) $ 86,201 $ (2,201,518)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stockholders’ equity $ 2,759,625            
v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income before noncontrolling interest $ 274,878 $ 214,287
Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities:    
Depreciation and intangibles amortization 134,817 89,813
Stock-based compensation expense 72,502 47,163
Deferred income taxes 54,976 6,990
Amortization of inventory fair value adjustment 49,000 0
Change in fair value of contingent consideration 72,000 0
Gain on sale of investment (4,710) 0
Other, net 4,846 (5,242)
Changes in operating assets and liabilities:    
Accounts receivable 699,074 (43,171)
Contract assets (96,421) (27,630)
Inventories 78,971 (144,798)
Prepaid expenses and other assets (220,260) 2,874
Accounts payable (11,395) (27,580)
Deferred revenue and customer advances (168,185) 309,591
Accrued liabilities and other (238,116) (719)
Cash provided by operating activities 701,977 421,578
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (244,441) (84,890)
Cash paid for business acquisition, net of cash acquired (1,114,152) 0
Payments to Acquire Investments 0 (14,700)
Proceeds from sale of investments 8,710 49,309
Other, net 245 4,718
Cash used in investing activities (1,349,638) (45,563)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repayments of borrowings (301,875) (13,125)
Proceeds from long-term debt 2,200,000 0
Proceeds from revolving credit facility borrowings 94,925 512,700
Repayments of revolving credit facility borrowings (94,925) (512,700)
Debt issuance costs (29,341) 0
Repurchases of common stock (239,244) (113,944)
Payments for tax withholding on stock-based compensation (59,602) (38,547)
Cash provided by (used in) financing activities 1,569,938 (165,616)
Effect of exchange rate changes (1,278) 1,461
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 920,999 211,860
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 966,220 625,860
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 1,887,219 837,720
Cash paid during the period for:    
Interest, net of capitalized interest 72,114 12,678
Income taxes, net of refunds 87,134 67,426
Unpaid purchases of property, plant and equipment at the end of period 65,528 34,805
Issuance of common stock for the acquisition of ZT Systems $ 155,346 $ 0
v3.26.1
Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Accounts Receivable, Allowance for Credit Loss, Current $ 8,000 $ 8,000
v3.26.1
BASIS OF PRESENTATION
 9 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Basis of Presentation
The accompanying condensed consolidated financial statements of Sanmina Corporation (the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted pursuant to those rules or regulations. The interim condensed consolidated financial statements are unaudited, but reflect all adjustments, consisting primarily of normal recurring adjustments that are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended September 27, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on November 13, 2025.

The condensed consolidated financial statements include all accounts of the Company, its wholly owned subsidiaries and subsidiaries in which the Company has a controlling financial interest. All intra-company accounts and transactions have been eliminated. Noncontrolling interest represents a noncontrolling investor’s interest in the results of operations of subsidiaries that the Company controls and consolidates.
The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates.

Results of operations for the third quarter of fiscal 2026 are not necessarily indicative of the results that may be expected for other interim periods or for the full fiscal year.

The Company operates on a 52- or 53-week year ending on the Saturday nearest September 30. Fiscal 2025 was a 52-week year and fiscal 2026 will be a 53-week year, with the extra week in the fourth fiscal quarter. All references to years relate to fiscal years unless otherwise noted.

Beginning in the first quarter of 2026, the Company presented goodwill, which was previously included within other assets, as a separate line item on the condensed consolidated balance sheets and the related prior period balances have been reclassified to conform to the current period presentation.

Acquisition of ZT Systems

On May 18, 2025, the Company entered into an Equity Purchase Agreement (the “Purchase Agreement”) with ZT Group Int’l, Inc. (“ZT Systems”), AMD Design, LLC, a Delaware limited liability company and wholly owned subsidiary of Advanced Micro Devices, Inc. (“AMD”) and owner of 100% of the equity interests of ZT Systems, and AMD, a Delaware corporation. On October 27, 2025 (the “Closing Date”), pursuant to the Purchase Agreement, the Company completed its acquisition of all of the equity interests of ZT Systems, a manufacturer of artificial intelligence (“AI”) and general purpose computer infrastructure for hyperscale computing companies. ZT Systems’ financial results are included within the Integrated Manufacturing Solutions (“IMS”) segment.

Summary of Significant Accounting Policies

Business Combinations. Accounting for a business combination requires the Company to estimate the fair value at the acquisition date of consideration paid, contractual obligations, contingent consideration and the individual assets acquired and liabilities assumed, which involves a number of judgments, assumptions and estimates that could materially affect the amount and timing of costs recognized in subsequent periods. Contingent consideration is recorded at fair value as of the acquisition date with subsequent adjustments recorded to earnings. Significant judgment along with estimates and assumptions are involved in deriving the fair value of the contingent consideration. The Company may engage third parties to determine fair value for certain assets such as property, plant and equipment and intangible assets, including to provide assistance with estimating future cash flows, discount rates and comparable market values. Any excess of purchase price consideration over the fair value of assets acquired and liabilities assumed is recognized as goodwill and if less than the fair value of assets acquired and liabilities assumed, a gain on bargain purchase is recognized. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets possess varying useful lives, and some may be deemed to have an indefinite useful life. The
Company expenses acquisition, integration and others as incurred in the same period, with these costs primarily consisting of advisory, legal, accounting, and other professional and consulting fees, as well as fair value adjustments to contingent consideration.

Recently Issued Accounting Pronouncements Not Yet Adopted

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which provides clarification and guidance on what disclosures should be provided in interim reporting periods. It clarifies the form and content requirements, creates a comprehensive list of all required interim disclosures drawn from across the various codification topics into Topic 270, and establishes a disclosure principle mandating the disclosure of all events or changes since the last annual reporting period that have a material impact on the entity. The ASU is effective for the Company for annual reporting and interim periods within the fiscal year 2029, with early adoption permitted.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Accounting Standards Codification (“ASC”) 606: Revenue from Contracts with Customers. The ASU is effective for the Company for annual reporting and interim periods within the fiscal year 2027, with early adoption permitted, and will be applied prospectively. The Company is currently evaluating the impact ASU 2025-05 will have on its financial statement disclosures.

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure, which will require additional disclosure of certain costs and expenses within the notes to the financial statements. The disclosure requirements are effective for the Company for annual reporting periods beginning in fiscal 2028 and for interim periods beginning in fiscal 2029, with early adoption permitted, and will be applied prospectively, with the option to apply retrospectively. The Company is currently evaluating the impact ASU 2024-03 will have on its financial statement disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which will require the Company, on an annual basis, to provide disclosure of specific categories in its effective income tax rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for the Company for annual reporting beginning in fiscal 2026, with early adoption permitted. The Company is currently evaluating the impact ASU 2023-09 will have on its financial statement disclosures.
v3.26.1
BALANCE SHEET DETAILS
 9 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Disclosure Balance Sheet Details
Cash and Cash Equivalents

Reconciliation of cash and cash equivalents to condensed consolidated statements of cash flows is as follows.

As of
June 27,
2026		September 27,
2025
(In thousands)
Cash and cash equivalents$1,844,942 $926,267 
Restricted cash (1)3,457 — 
Restricted cash equivalents (2)38,820 39,953 
Total cash, cash equivalents, restricted cash and restricted cash equivalents$1,887,219 $966,220 

(1)     Restricted cash consists of cash deposit in accounts subject to lockbox arrangement to satisfy deposit requirements related to letters of credits for purchases. These cash deposits are recorded in prepaid expenses and other current assets, and other assets on the condensed consolidated balance sheets.

(2)    Represents money market funds related to deferred compensation plan. Due to the restrictions on the distributions of these funds, the amount is considered restricted and recorded in prepaid expenses and other current assets on the condensed consolidated balance sheets.
Inventories

Components of inventories were as follows:

As of
June 27,
2026		September 27,
2025
(In thousands)
Raw materials$2,855,046 $1,984,403 
Work-in-process162,934 1,661 
Finished goods134,267 2,398 
Total$3,152,247 $1,988,462 
v3.26.1
REVENUE RECOGNITION
 9 Months Ended
Jun. 27, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
The Company derives revenue principally from sales of integrated manufacturing solutions, components and Company-proprietary products. Other sources of revenue include warranty services, logistics and repair services; design, development and engineering services; defense and aerospace programs and sales of raw materials to customers whose requirements change after the Company has procured inventory to fulfill the customer’s forecasted demand.

The Company recognizes revenue based on assessment of whether control of the products or services under the contract transfers to the customer over time or at a point in time. For some customer contracts, the Company recognizes revenue on an over time basis due to the fact that the Company does not have an alternative use for the end products it manufactures for its customers and has an enforceable right to payment, including a reasonable profit, for work-in-progress and finished goods upon a customer’s cancellation of a contract for convenience. In other circumstances, the Company recognizes revenue over time because its customer simultaneously receives and consumes the benefits provided by the Company’s services or the Company’s customer controls the end product as the Company performs manufacturing services (continuous transfer of control). For these contracts, revenue is recognized on an over time basis using the cost-to-cost method (ratio of costs incurred to date to total estimated costs at completion) which the Company believes best depicts the transfer of control to the customer. For contracts for which revenue is required to be recognized at a point in time, the Company recognizes revenue when it has transferred control of the related goods, which generally occurs upon shipment or delivery of the goods to the customer.

The Company procures certain components for manufacturing of the finished products at the direction of the customers and evaluates whether it acts as a principal or an agent under these customer contracts. If the Company concludes that it does not control the components before they are transferred to the customer, then it accounts for the revenue and associated cost of sales on a net basis.

Application of the cost-to-cost method for government contracts in the Company’s Defense and Aerospace division requires the use of significant judgments with respect to estimated materials, labor and subcontractor costs included in the total estimated costs at completion. Additionally, the Company evaluates whether contract modifications for claims have been approved and, if so, estimates the amount, if any, of variable consideration that can be included in the transaction price of the contract.

Changes in the Company’s estimates of transaction price and/or costs to complete result in a favorable or unfavorable impact to revenue and operating income. The impact of changes in estimates on revenue and operating income resulting from application of the cost-to-cost method for recognizing revenue was as follows:
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Revenue(In thousands)
Favorable
$2,549 $5,694 $12,018 $17,309 
Unfavorable
(1,656)(762)(4,416)(2,811)
Net
$893 $4,932 $7,602 $14,498 

Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Operating income(In thousands)
Favorable
$3,631 $6,071 $15,372 $17,903 
Unfavorable
(3,429)(9,095)(9,410)(15,427)
Net
$202 $(3,024)$5,962 $2,476 

The following table presents revenue disaggregated by segment, market sector and geography.

Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Segments:
Reportable segment - IMS$2,947,574$1,639,258$9,299,140$4,842,513
Other segments - Components, Products and Services (“CPS”)$516,442$402,304$1,367,840$1,189,477
Total$3,464,016$2,041,562$10,666,980$6,031,990
End Markets:
Industrial and Energy, Medical, Defense and Aerospace, and Automotive and Transportation$1,315,603$1,255,297$3,783,853$3,775,853
Communications Networks and Cloud and AI Infrastructure$2,148,413$786,265$6,883,127$2,256,137
Total$3,464,016$2,041,562$10,666,980$6,031,990
Geography:
Americas (1)$2,392,129$1,210,923$7,766,089$3,445,419
APAC$725,206$612,363$2,010,915$1,928,712
EMEA$346,681$218,276$889,976$657,859
Total$3,464,016$2,041,562$10,666,980$6,031,990
Percentage of net sales represented by ten largest customers62 %53 %67 %51 %
Number of customers representing 10% or more of net sales and primarily related to IMS1 — 2 — 
(1)    The U.S. represents approximately 59% and 29% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 40% and 68% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively.
The U.S. represents approximately 64% and 30% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 35% and 67% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively.
One customer represented 10% or more of the Company’s gross accounts receivable as of June 27, 2026. Two customers represented 10% or more of the Company’s gross accounts receivable as of September 27, 2025.

Segment revenue is attributable to the segment for which the products are manufactured or services are performed. As an electronics manufacturing services company, the Company primarily provides manufacturing and related services for products built to its customers’ unique specifications. Therefore, it is impracticable for the Company to provide revenue from external customers for each product and service it provides.

Contract Asset

A contract asset is recognized when the Company has recognized revenue, but has not issued an invoice to its customer for payment. Contract assets are classified separately on the condensed consolidated balance sheets and transferred to accounts receivable when rights to payment become unconditional. Because of the Company’s short manufacturing cycle times, the transfer from contract assets to accounts receivable generally occurs within the next fiscal quarter.

Deferred Revenue and Customer Advances

As of June 27, 2026 and September 27, 2025, customer advances for raw materials inventory of $944 million and $852 million, respectively, were recorded under deferred revenue and customer advances in the condensed consolidated balance sheets. These customer advances received by the Company as an advance on customer-specific raw materials acquired at the customer’s request are not designed as a financing arrangement and do not contain any interest or repayment terms.
Deferred revenue is recognized when the Company has received payments from its customers in advance of performance. As of June 27, 2026, deferred revenue was $180 million and primarily represents warranty service obligations. Deferred revenue as of September 27, 2025 was $16 million.
v3.26.1
FINANCIAL INSTRUMENTS
 9 Months Ended
Jun. 27, 2026
Financial Instruments [Abstract]  
Derivatives and Fair Value [Text Block] Financial Instruments
Fair Value Measurements

Fair Value of Financial Instruments

The fair values of cash equivalents (represents 9% of cash and cash equivalents), restricted cash, restricted cash equivalents, accounts receivable, accounts payable and short-term debt approximate carrying values due to the short-term duration of these instruments. Additionally, the fair value of variable rate long-term debt approximates carrying value as of June 27, 2026. The Company’s cash equivalents are classified as Level 1 in the fair value hierarchy.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s deferred compensation plan and defined benefit plan assets are measured at fair value using Level 1 input on a recurring basis. Defined benefit plan assets were $18 million as of September 27, 2025 and are measured at fair value in the fourth quarter of each year only. As of June 27, 2026, deferred compensation plan assets recorded in prepaid expenses and other current assets as restricted cash equivalents, and other assets on the condensed consolidated balance sheets were $39 million and $11 million, respectively. As of September 27, 2025, deferred compensation plan assets recorded in prepaid expenses and other current assets as restricted cash equivalents, and other assets on the condensed consolidated balance sheets were $40 million and $10 million, respectively. As of June 27, 2026 and September 27, 2025, deferred compensation plan liabilities were $61 million and $54 million, respectively, and recorded in other liabilities on the condensed consolidated balance sheets.

The Company also measures fair value of foreign currency forward contracts, interest rate swap agreements and total return swap contracts on a recurring basis. Interest rate swaps are valued based on a discounted cash flow analysis that incorporates observable market inputs such as interest rate yield curves and credit spreads. The total return swap contract is
measured at fair value using quoted prices of the underlying investments. For currency contracts, inputs include foreign currency spot and forward rates and interest rates at commonly quoted intervals.

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Other non-financial assets, such as goodwill and other long-lived assets, are measured at fair value as of the date such assets are acquired. Goodwill and other long-lived assets are reviewed for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying value may not be recoverable. If impairment indicators are present, the asset’s carrying amount is evaluated and, if necessary, written down to its fair value in the period the impairment is identified.

Offsetting Derivative Assets and Liabilities

The Company has entered into master netting arrangements with each of its derivative counterparties that allow net settlement of derivative assets and liabilities under certain conditions, such as multiple transactions with the same currency maturing on the same date. The Company presents its derivative assets and derivative liabilities on a gross basis on the condensed consolidated balance sheets.

The following table presents the location and fair value of derivative financial instruments included in our condensed consolidated balance sheets as of June 27, 2026.

Fair Value Measurements Using Level 1, Level 2, or Level 3Prepaid Expenses and Other Current AssetsOther AssetsAccrued LiabilitiesOther Liabilities
(In thousands)
Derivatives designated as accounting hedges: foreign currency forward contractsLevel 2$49 $— $360 $— 
Derivatives not designated as accounting hedges: foreign currency forward contractsLevel 2$730 $— $9,027 $— 
Derivatives designated as accounting hedges: interest rate swapsLevel 2$8,340 $18,518 $— $— 
Derivative not designated as accounting hedge: total return swapsLevel 2$— $— $1,237 $— 

The following table presents the location and fair value of derivative financial instruments included in our condensed consolidated balance sheets as of September 27, 2025.


Fair Value Measurements Using Level 1, Level 2, or Level 3Prepaid Expenses and Other Current AssetsOther AssetsAccrued LiabilitiesOther Liabilities
(In thousands)
Derivatives designated as accounting hedges: foreign currency forward contractsLevel 2$74 $— $21 $— 
Derivatives not designated as accounting hedges: foreign currency forward contractsLevel 2$4,352 $— $622 $— 
Derivatives designated as accounting hedges: interest rate swapsLevel 2$1,156 $108 $— $446 
Derivative not designated as accounting hedge: total return swapsLevel 2$973 $— $— $— 
Derivative Instruments

The Company had the following outstanding derivative contracts that were entered into to hedge foreign currency, interest rate and deferred compensation plan liability exposures:
 As of
June 27,
2026		 September 27,
2025
(In thousands, except number of contracts)
Foreign Currency Forward Contracts:
Derivatives Designated as Accounting Hedges:
Notional amount$152,356 $131,061 
Number of contracts45 45 
Derivatives Not Designated as Accounting Hedges:
Notional amount$519,970 $490,506 
Number of contracts38 42 
Interest Rate Swaps:
Derivatives Designated as Accounting Hedges:
Notional amount$1,450,000 $300,000 
Number of contracts176
Total Return Swaps:
Derivatives Not Designated as Accounting Hedges:
Notional amount$60,836 $54,298 
Number of contracts11 

Foreign Currency Forward Contracts

The Company is exposed to certain risks related to its ongoing business operations. The primary risk managed by using derivative instruments is foreign currency exchange risk.

Forward contracts on various foreign currencies are used to manage foreign currency risk associated with forecasted foreign currency transactions and certain monetary assets and liabilities denominated in non-functional currencies. The Company’s primary foreign currency exposures are in India, Mexico and China.

The Company utilizes foreign currency forward contracts to hedge certain operational (“cash flow”) exposures resulting from changes in foreign currency exchange rates. Such exposures generally result from (1) forecasted non-functional currency sales and (2) forecasted non-functional currency materials, labor, overhead and other expenses. These contracts are designated as cash flow hedges for accounting purposes and are generally one to two months in duration but, by policy, may be up to twelve months in duration.

For derivative instruments that are designated and qualify as cash flow hedges, the Company excludes the change in the fair value of the contract related to the changes in the difference between the spot price and the forward price from its assessment of hedge effectiveness and recognizes these amounts, which are primarily related to time value, in earnings over the life of the derivative instrument. Gains or losses on the derivative not caused by changes in time value are recorded in accumulated other comprehensive income (“AOCI”), a component of equity, and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount of gain or loss recognized in other comprehensive income on derivative instruments and the amount of gain or loss reclassified from AOCI into income were not material for any period presented herein and are included as components of cost of sales in the condensed consolidated statements of income.

The Company enters into short-term foreign currency forward contracts to hedge currency exposures associated with certain monetary assets and liabilities denominated in non-functional currencies. These contracts have maturities of up to two months and are not designated as accounting hedges. Accordingly, these contracts are marked-to-market at the end of each period with unrealized gains and losses recorded in other income (expense), net in the condensed consolidated statements of income. The amount of gains or losses associated with these forward contracts was not material for any period presented herein.
From an economic perspective, the objective of the Company’s hedging program is for gains and losses on forward contracts to substantially offset currency gains and losses on the underlying hedged items. In addition to the contracts disclosed in the table above, the Company has numerous contracts that have been closed from an economic and financial accounting perspective and will settle early in the first month of the following quarter. Since these offsetting contracts do not expose the Company to risk of fluctuations in exchange rates, these contracts have been excluded from the above table.

Interest Rate Swaps

The Company enters into forward interest rate swap agreements with independent counterparties to partially hedge the variability in cash flows due to changes in the Secured Overnight Financing Rate benchmark interest rate (“SOFR”) associated with anticipated variable rate borrowings. These interest rate swaps have maturity dates of September 27, 2027 and October 31, 2030 and effectively convert a portion of the Company’s variable interest rate obligations to fixed interest rate obligations. These swaps are accounted for as cash flow hedges under ASC Topic 815, Derivatives and Hedging. The aggregate effective interest rate of these swaps as of June 27, 2026 was approximately 4.9%.

Total Return Swaps

The Company entered into a total return swap contract (“TRS”) to substantially offset changes in the deferred compensation plan liabilities resulting from changes in the value of investment elections made by participants. The Company elected not to designate the TRS as an accounting hedge and recognized the changes in fair value of the derivative instrument, as well as the offsetting change in the fair value of the hedged item, in cost of sales, and selling, general and administrative expense in the condensed consolidated statements of income.
v3.26.1
DEBT
 9 Months Ended
Jun. 27, 2026
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
Long-term debt consisted of the following:
 As of
 June 27,
2026		September 27,
2025
 (In thousands)
Term Loan Due 2027, net of issuance costs$— $300,474 
Term Loan A, net of issuance costs1,382,295 — 
Term Loan B, net of issuance costs790,015 — 
Total long-term debt2,172,310 300,474 
Less: Current portion
Term Loan Due 2027— 17,500 
Term Loan A175,000 $— 
Term Loan B40,000 $— 
Long-term portion$1,957,310 $282,974 
Term Loan maturities by fiscal year are as follows:

As of
June 27,
2026
(In thousands)
Remainder of 2026$86,000 
2027172,000 
2028312,000 
2029312,000 
2030444,000 
2031242,000 
2032 and thereafter632,000 
$2,200,000 

On October 27, 2025, the Term Loan Due 2027 was fully repaid and the bridge loan facility that was secured to temporarily finance the acquisition was terminated in its entirety.

On July 29, 2025, the Company entered into a credit agreement (the “New Credit Facility”) that provided for senior secured credit facilities in an aggregate of $3.5 billion, consisting of a $1.5 billion revolving credit facility and a $2.0 billion senior secured term loan A facility (“Term Loan A”).

The New Credit Facility provides that loans under the Revolving Credit Facility and Term Loan A will bear interest at the Company’s option, at either the SOFR or a base rate, in each case plus a spread determined based on the Company’s total net leverage ratio with applicable margins ranging from 1.375% to 2% for term SOFR loans and from 0.375% to 1% for base rate loans. Interest on loans is payable quarterly in arrears with respect to base rate loans and at the end of an interest period in the case of SOFR loans. The outstanding aggregate principal amount, together with any accrued and unpaid interest, is due on October 27, 2030. The Company is required to repay a portion of the aggregate principal amount of such facility equal to the following percentages in quarterly installments. From the initial funding date through the second anniversary the Company will repay 2.5% of the principal in quarterly installments. After the second anniversary through the fourth anniversary the Company will repay 5% of the principal in quarterly installments. After the fourth anniversary through the maturity date, the Company will repay 10% of the principal in quarterly installments with the remaining balance due on the maturity date. The obligations under the New Credit Facility are secured by first-priority liens on substantially all of the assets of the Company and the subsidiary guarantors, subject to certain exceptions and thresholds.

On October 27, 2025, the Company executed an amendment to increase the New Credit Facility to include an $800 million senior secured term loan B facility (“Term Loan B”). On May 27, 2026, the Company executed a subsequent amendment to reduce the Term Loan B interest rate to either SOFR plus 1.75% or base rate plus 0.75%. The outstanding principal amount of Term Loan B, together with accrued and unpaid interest, is due on October 27, 2032. The Company is required to repay 1% of the original principal amount of Term Loan B in quarterly installments with the remaining outstanding principal balance due on the maturity date.

As of June 27, 2026, there were $2.2 billion of loans outstanding under the New Credit Facility. Additionally, $12 million in letters of credit were outstanding. Under the New Credit Facility, the Company has $600 million available to borrow under Term Loan A and $1.5 billion available to borrow under the revolving credit facility.

Foreign Short-term Borrowing Facilities

As of June 27, 2026, certain of the Company’s foreign subsidiaries had a total of $71 million of uncommitted short-term borrowing facilities available, under which no borrowings were outstanding.

Debt Covenants

The New Credit Facility requires the Company to comply with certain financial covenants, namely (i) a minimum consolidated cash interest coverage ratio of not less than 3.00 to 1.00 and (ii) a maximum consolidated total net leverage ratio of not greater than 4.00 to 1.00, in each case, measured at the end of each fiscal quarter of the Company on the basis of a trailing 12-month look-back period. In addition, the New Credit Facility requires the Company to comply with customary affirmative and negative covenants which limit the ability of the Company and its subsidiaries to, among other things, incur debt, grant
liens, make investments, make certain restricted payments, prepay subordinated indebtedness and sell assets, subject to certain exceptions and baskets. The New Credit Facility also includes covenants that require the Company to file quarterly and annual financial statements with the SEC on a timely basis. The Company was in compliance with these covenants as of June 27, 2026.
v3.26.1
LEASES
 9 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Lessee, Operating Leases Leases
The Company’s leases consist primarily of operating leases for buildings and land and have initial lease terms of up to 44 years. Certain of these leases contain an option to extend the lease term for additional periods or to terminate the lease after an initial non-cancelable term. Renewal options are considered in the measurement of the Company’s initial lease liability and corresponding right-of-use (“ROU”) assets only if it is reasonably certain that the Company will exercise such options. Leases with lease terms of twelve months or less are not recorded on the Company’s balance sheet.

ROU assets and lease liabilities recorded in the condensed consolidated balance sheets are as follows:
 As of
 June 27,
2026		September 27,
2025
 (In thousands)
Other assets$248,877$67,808
 
Accrued liabilities$47,787$21,725
Other long-term liabilities212,80636,022
Total lease liabilities
$260,593$57,747
Weighted average remaining lease term (in years)6.7511.94
Weighted average discount rate4.9 %4.2 %

Lease expense and supplemental cash flow information related to operating leases are as follows:
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Operating lease expense (1)$20,583 $7,898 $44,791 $23,486 
Nine Months Ended
June 27,
2026		June 28,
2025
(In thousands)
Cash paid for operating lease liabilities$35,217 $19,180 
Right-of-use assets obtained in exchange for lease liabilities$146,591 $1,493 
(1)     Includes immaterial amounts of short-term leases and sublease income.
Future lease payments under non-cancelable operating leases as of June 27, 2026, by fiscal year, are as follows:
Operating Leases
 (In thousands)
Remainder of 2026$14,878 
202759,628 
202847,433 
202939,232 
203035,922 
Thereafter112,392 
Total lease payments
309,485 
Less: imputed interest48,892 
Total
$260,593 
v3.26.1
ACCOUNTS RECEIVABLE SALE PROGRAM
 9 Months Ended
Jun. 27, 2026
Transfers and Servicing [Abstract]  
Transfers and Servicing of Financial Assets [Text Block] Accounts Receivable Sale Program
The Company is a party to a Receivables Purchase Agreement, as amended (the “RPA”) with certain third-party banking institutions for the sale of trade receivables generated from sales to certain customers, subject to acceptance by, and a funding commitment from, the banks that are party to the RPA. Trade receivables sold pursuant to the RPA are serviced by the Company.

In addition to the RPA, the Company has the option to participate in trade receivables sales programs that have been implemented by certain of the Company’s customers, as in effect from time to time. The Company does not service trade receivables sold under these other programs.

Under each of the programs noted above, the Company sells its entire interest in a trade receivable for 100% of face value, less a discount. Upon sale, these receivables are removed from the condensed consolidated balance sheets and cash received is presented as cash provided by operating activities in the condensed consolidated statements of cash flows. The Company’s sole risk with respect to receivables it services is with respect to commercial disputes regarding such receivables. Commercial disputes include billing errors, returns and similar matters. To date, the Company has not been required to repurchase any receivable it has sold due to a commercial dispute. Additionally, the Company is required to remit amounts collected as a servicer under the RPA on a weekly basis to the financial institutions that purchased the receivables.

Trade receivables sold and discount on trade receivables sold under these programs are as follows:

Nine Months Ended
June 27,
2026		June 28,
2025
(In thousands)
Trade receivables sold$486,745$237,513
Discount on trade receivables (1)$3,051$1,284

(1)    Recorded in other income (expense), net in the condensed consolidated statements of income

Trade receivables sold under the RPA and subject to servicing by the Company that remained outstanding and uncollected and collected as of June 27, 2026 are as follows:
As of
June 27,
2026		September 27,
2025
(In thousands)
Outstanding and uncollected$190,086$12,813
Outstanding and collected (1)$1,089$187
(1)    Amount collected but not yet remitted to bank as of June 27, 2026 and September 27, 2025 is classified in accrued liabilities on the condensed consolidated balance sheets.
v3.26.1
COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Jun. 27, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block] Commitments and Contingencies
From time to time, the Company is a party to litigation, claims and other contingencies, including environmental, regulatory and employee matters and examinations and investigations by governmental agencies, which arise in the ordinary course of business. The Company records a contingent liability when it is probable that a loss has been incurred and the amount of loss is reasonably estimable in accordance with ASC Topic 450, Contingencies, or other applicable accounting standards. As of June 27, 2026 and September 27, 2025, the Company had estimated liabilities of $48 million and $39 million, respectively, for environmental matters, warranty, litigation and other contingencies (excluding reserves for uncertain tax positions), which the Company believes are adequate. These reserves are included in accrued liabilities and other liabilities on the condensed consolidated balance sheets. Additionally, the Company recognized a $183 million contingent cash consideration liability arising from the ZT Systems acquisition which is classified as other liabilities in the condensed consolidated balance sheets. See Note 13, “Business Combination” of the notes to the Condensed Consolidated Financial Statements contained in this report for details. There can be no assurance that the Company’s reserves will be sufficient to settle these contingencies.

Legal Proceedings

Environmental Matters

The Company is subject to various federal, state, local and foreign laws and regulations and administrative orders concerning environmental protection, including those addressing the discharge of pollutants into the environment, the management and disposal of hazardous substances, the cleanup of contaminated sites, the materials used in products, and the recycling, treatment and disposal of hazardous waste.

Other Matters

In December 2019, the Company sued a former customer, Dialight plc (“Dialight”), in the United States District Court for the Southern District of New York (the “Court”) to collect unpaid accounts receivable and net obsolete inventory obligations (which, by the time of the September 2024 trial referenced below, totaled $9 million, exclusive of interest and attorneys’ fees). On the same day the Company filed its suit, Dialight commenced its own action in the same court. Dialight alleged that the Company fraudulently misrepresented its capabilities to induce Dialight to enter into a Manufacturing Services Agreement (“MSA”) and then allegedly committed multiple, willful breaches of contract when performing under the MSA. After a trial in September 2024, a jury awarded the Company the full $9 million on its claims, rejected Dialight’s claims for fraudulent inducement and willful breach of contract, and awarded Dialight $1 million for breach of contract (collectively, the “Verdict”). The parties filed post-trial motions in October 2024, including a motion by the Company for prejudgment interest and its costs and expenses of the suit, and a motion by Dialight for pre-judgment and post-judgment interest, its costs and expenses of the suit and for a new trial. Effective March 27, 2025, the parties entered into a Stipulation for Entry of Judgment and Conditional Covenant Not to Execute (the “Stipulation”), which resolved conclusively all pending claims and disputed issues through (i) a series of payments by Dialight to the Company over the next two years totaling $12 million, and (ii) Dialight’s assignment to Sanmina of the $2 million (including prejudgment interest) otherwise due Dialight from Sanmina’s insurer in respect of the Verdict. On April 4, 2025, the Court entered a final judgment consistent with the Stipulation, marking the end of this litigation. On October 9, 2025, the Company and Dialight agreed to accelerate the payment schedule and reduced the total amount due by $350,000. Dialight made the final payment of $6 million in full on December 16, 2025.

In May 2023, the Company and its SCI Technology, Inc. subsidiary (“SCI”) received Civil Investigative Demands (“CIDs”) from the United States Department of Justice (“DOJ”) pursuant to the civil False Claims Act (“FCA”). The stated purpose of the CIDs—a form of subpoena requiring responses to written interrogatories and the production of documents relating to certain contracts, projects, proposals and business activities of SCI going back to 2010—is to determine whether there is or has been a violation of the FCA with respect to the provision of products and services to the government. These CIDs supplemented several CIDs relating to the same subject matter served upon SCI and certain current and former SCI and Sanmina employees beginning in August 2020, pursuant to which SCI produced documents and information and certain of the current and former employees provided oral testimony. The Company and SCI cooperated with the DOJ investigation. On May 13, 2024, the Company learned that United States of America ex rel. Carl R. Eckert v. SCI Technology, Inc. et al. (the “Eckert Qui Tam Suit”) had been filed under seal by a former SCI employee in June 2020, and recently unsealed. On May 13, 2024, the Company also learned that the DOJ had filed a notice in the Eckert Qui Tam Suit stating that, while its investigation would continue, it was declining to intervene at the current time. As narrowed by a September 23, 2025 court order granting in part
and denying in part the Company and SCI’s motion to dismiss, the Eckert Qui Tam Suit alleges on behalf of the United States 6 FCA counts that relate substantially to the same contracts and issues that the DOJ previously had investigated, including making false certifications under the Truth in Negotiations Act and Cost Accounting Standards, claims for submitting false cost or pricing data, and overcharging the government through underpayment of certain employees in violation of the Service Contract Act. The suit alleges such claimed violations defrauded the government in an amount approximating $100 million, and seeks, on behalf of the U.S. government, treble damages, civil penalties, interest, attorneys’ fees and costs, and expenses of the suit. The Company and SCI continue to deny liability. However, to avoid the delay, uncertainty, inconvenience, and expense of protracted litigation, in May 2026, the Company and SCI reached an agreement-in-principle with Mr. Eckert to settle the Eckert Qui Tam Suit. The terms of settlement, which remain subject to the consent of the United States and approval by the Court, include no admission of liability and provide for payments to the United States, Mr. Eckert, and his counsel totaling $5.9 million.

On November 14, 2023, former employee Gerardo Ramirez filed two lawsuits against the Company in the Alameda County Superior Court (together, the “Ramirez Cases”). The first, a putative class action, alleges violations of various California Labor Code and Wage Order requirements, including provisions governing overtime, meal and rest periods, minimum wage requirements, payment of wages during employment, wage statements, payroll records, and reimbursement of business expenses. The class action complaint seeks certification of a class of all current and former non-exempt employees who worked for the Company within the State of California at any time between March 1, 2021 and final judgment, as well as unspecified damages, penalties, restitution, attorneys’ fees, pre-judgment interest, and costs of suit. The second action, a complaint under California’s Private Attorneys General Act of 2004 (“PAGA”), alleges substantially similar violations and a violation of the provision governing payment of final wages and seeks penalties individually and on behalf of the State of California and other “aggrieved employees,” along with attorneys’ fees and costs. On May 16, 2024 and June 14, 2024, former employee Carlos Lobatos filed class and PAGA actions in the Santa Clara County Superior Court (the “Lobatos Cases”) alleging violations substantially similar to the violations in the Ramirez Cases, and, in the case of the Lobatos PAGA action, additional violations related to sick leave, suitable rest facilities, seating, failure to retain and provide employment and payroll records, reporting time pay, day of rest rules, payroll deductions, paid time off, and various unlawful employment practices. The Lobatos class action complaint seeks certification of a class of all current and former non-exempt employees who worked for the Company (directly or via a staffing agency) within the State of California at any time between May 16, 2020 and final judgment, as well as unspecified damages, penalties, restitution, attorneys’ fees, pre-judgment interest, and costs of suit. On August 12, 2024, former employee Mando Gomez filed a class and PAGA action in the Alameda County Superior Court (the “Gomez Case”) alleging violations substantially similar to the violations in the Ramirez Cases. The Gomez Case seeks certification of a class of all current and former non-exempt employees who worked for the Company (directly or via a staffing agency) within the State of California at any time between August 12, 2020 and final judgment, as well as unspecified damages, penalties, restitution, attorneys’ fees, pre-judgment interest, and costs of suit. On September 20, 2024 and November 26, 2024, former employee Frank J. Leon Guerrero filed class and PAGA actions in the Alameda County Superior Court (the “Guerrero Cases”) alleging violations substantially similar to the violations in the Ramirez Cases. The Guerrero class action seeks certification of several classes comprised of all current and former non-exempt employees who worked for the Company (directly or via a staffing agency) within the State of California at any time between September 20, 2020 and final judgment, as well as unspecified damages, penalties, restitution, attorneys’ fees, pre- and post-judgment interest, and costs of suit. On February 17, 2026, former employee Jose Buezo filed a PAGA action in the Orange County Superior Court (the “Buezo Case”) alleging violations substantially similar to the Ramirez PAGA action, and additional claims relating to allegedly unpaid vacation and sick pay. The Buezo Case seeks penalties individually and on behalf of the State of California and other “aggrieved [non-exempt] employees,” along with attorneys’ fees, pre- and post-judgment interest, and costs of suit. The Company expects the Lobatos Cases, the Gomez Case, the Guerrero Cases and the Buezo Case to be related to or consolidated with the Ramirez Cases and intends to defend all such cases vigorously.

For each of the pending matters noted above, the Company is unable to reasonably estimate a range of possible loss at this time.

In addition, from time to time, the Company may become involved in routine legal proceedings, demands, claims, threatened litigation and regulatory inquiries and investigations that arise in the normal course of our business. The Company records liabilities for such matters when a loss becomes probable and the amount of loss can be reasonably estimated. The ultimate outcome of any litigation is uncertain and unfavorable outcomes could have a negative impact on the Company’s results of operations and financial condition.
v3.26.1
INCOME TAX
 9 Months Ended
Jun. 27, 2026
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block] Income Tax
The Company estimates its annual effective income tax rate at the end of each quarterly period. The estimate takes into account the geographic mix of expected pre-tax income (loss), expected total annual pre-tax income (loss), enacted changes in tax laws, implementation of tax planning strategies and possible outcomes of audits and other uncertain tax positions. To the extent there are fluctuations in any of these variables during a period, the provision for income taxes may vary.

The Company’s provision for income taxes for the three months ended June 27, 2026 and June 28, 2025 was $66 million (35% of income before taxes) and $19 million (20% of income before taxes), respectively. Provision for income taxes for the nine months ended June 27, 2026 and June 28, 2025 was $110 million (29% of income before taxes) and $52 million (19% of income before taxes), respectively. The effective tax rates were higher for the three and nine months ended June 27, 2026 primarily due to non-deductible acquisition related charges and the closure and settlement of the fiscal 2008 through 2010 Internal Revenue Service (“IRS”) audit.

In the quarter ended June 27, 2026, the Company settled and closed its IRS audit for fiscal 2008 through 2010. The resolution of this matter did not have a material impact on the Company's condensed consolidated financial statements.

The Organization for Economic Co-operation and Development, an international association of 38 countries, including the United States, has proposed changes to numerous long-standing tax principles, namely, its Pillar Two framework, which imposes a global minimum corporate tax rate of 15%. Various countries have enacted or have announced plans to enact new tax laws to implement the global minimum tax and where enacted, the rules began to be effective for the Company in fiscal 2025. The Pillar Two rules are considered an alternative minimum tax and therefore deferred taxes would not be recognized or adjusted for the estimated effects of the future minimum tax. The adoption and effective dates of these rules may vary by country and could increase tax complexity and uncertainty and may adversely affect the Company’s provision for income taxes. There was no material impact from these tax law changes in fiscal 2025, and the Company expects there will be no material impact in fiscal 2026.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework, and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. There was no material impact from the OBBBA to the fiscal 2025 and 2026 financial statements.
v3.26.1
STOCKHOLDERS' EQUITY
 9 Months Ended
Jun. 27, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] Stockholders’ Equity
During the second quarter of 2026, the Company’s stockholders approved an amendment of the Company’s 2019 Equity Incentive Plan and the reservation of an additional 1.2 million shares of common stock for future issuance under the Company’s amended 2019 Equity Incentive Plan.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income, net of tax as applicable, consisted of the following:
As of
June 27,
2026		September 27,
2025
(In thousands)
Foreign currency translation adjustments$74,009 $77,714 
Unrealized holding gains on derivative financial instruments20,393 490 
Unrecognized net actuarial losses and transition costs for benefit plans(8,201)(8,584)
    Total$86,201 $69,620 

Stock Repurchase Programs

During the nine months ended June 27, 2026 and June 28, 2025, the Company repurchased 1.6 million and 1.4 million shares of its common stock for $239 million and $114 million, respectively, under stock repurchase programs authorized by the Company’s Board of Directors. During the three months ended June 27, 2026, the Company’s Board of Directors authorized the repurchase of up to $600 million of the Company’s common stock in the open market or in negotiated private transactions.
The Company’s repurchase programs have no expiration dates and the timing of repurchases will depend upon capital needs to support the growth of the Company’s business, market conditions and other factors. Although stock repurchases are intended to increase stockholder value, they also reduce the Company’s liquidity. As of June 27, 2026, an aggregate of $600 million remained available under these programs.

In addition to the repurchases discussed above, the Company withheld 0.4 million and 0.5 million shares of its common stock during the nine months ended June 27, 2026 and June 28, 2025, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock units. The Company paid $60 million and $39 million for the nine months ended June 27, 2026 and June 28, 2025, respectively, to applicable tax authorities in connection with these withholdings.

On October 27, 2025, the Company issued to AMD an aggregate of 1,151,052 shares of its Common Stock at $0.01 par value per share. The shares were issued in a private placement transaction and are subject to transfer restrictions that lapse over a three-year period as described in the Purchase Agreement. See Note 13, “Business Combination” of the notes to the Condensed Consolidated Financial Statements contained in this report for details.

Noncontrolling Interest

In fiscal year 2023, the Company entered into a joint venture transaction pursuant to which Reliance Strategic Business Ventures Limited acquired 50.1% of the outstanding shares of Sanmina SCI India Private Limited (“SIPL”), the Company’s existing Indian manufacturing entity. The remaining 49.9% of the outstanding shares of SIPL is held by the Company. The Company has, by contract, the unilateral ability to control the significant decisions made in the ordinary course of SIPL’s business. As of June 27, 2026, an aggregate of $248 million of cash and cash equivalents of SIPL and Sanmina SCI Technology India Private Limited is designated to fund its operations use.
v3.26.1
BUSINESS SEGMENT
 9 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Reporting [Text Block] Business Segment
The Company’s operations are managed as two businesses: IMS and CPS. IMS is a single operating segment consisting of printed circuit board (“PCB”) assembly and test, high-level assembly and test and direct order fulfillment. CPS consists of multiple operating segments which do not individually meet the quantitative thresholds for being presented as reportable segments. Therefore, financial information for these operating segments is presented in a single category entitled “CPS” and the Company has only one reportable segment - IMS. During the first quarter of 2026, the Company completed the acquisition of ZT Systems and the results of this acquisition are included within the IMS segment.

The Company’s chief operating decision maker is the Chief Executive Officer who allocates resources and assesses performance of operating segments based on sales and a measure of gross profit that excludes items not directly related to the Company’s ongoing business operations. This assessment is predominantly performed during the Company’s annual budgeting and quarterly forecasting process where segment resourcing decisions, such as employee and capital, are made.

Intersegment sales consist primarily of sales of components from CPS to IMS. Segment income, which is the segment gross profit, generally does not include stock-based compensation expense, litigation settlements, charges resulting from distressed customer charges and are either non-recurring or non-cash in nature.
Segment information is as follows:

Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Sales:
Reportable segment - IMS$2,957,043 $1,648,404 $9,331,706 $4,875,352 
Other segments - CPS545,823 422,388 1,441,208 1,249,141 
Intersegment sales elimination(38,850)(29,230)(105,934)(92,503)
Net sales$3,464,016 $2,041,562 $10,666,980 $6,031,990 
Reportable segment expenses - IMS:
Cost of sales2,646,851 1,515,456 8,450,182 4,466,739 
Total expenses$2,646,851 $1,515,456 $8,450,182 $4,466,739 
Gross Profit:
Reportable segment gross profit - IMS$300,724 $123,802 $848,958 $375,774 
Other segments gross profit - CPS69,723 62,204 179,171 171,649 
Selling, general and administrative (1)(86,760)(58,731)(279,793)(185,347)
Research and development (1)(7,914)(7,764)(23,808)(21,519)
Stock-based compensation expense(24,817)(16,081)(72,503)(47,163)
Amortization of intangibles (2)(2,431)— (6,483)— 
Restructuring(1,576)(473)(3,040)(2,899)
Amortization of inventory fair value adjustment— — (49,000)— 
Acquisition, integration and others(21,075)(7,080)(137,022)(7,080)
Interest income9,800 4,200 26,291 11,319 
Interest expense(32,464)(4,981)(89,324)(14,961)
Other income (expense), net(6,809)(3,686)(4,326)(6,370)
Other corporate expenses (3)(4,649)— (4,649)(7,312)
Income before income taxes$191,752 $91,410 $384,472 $266,091 
(1) Amount excludes allocation of stock-based compensation expense.
(2) Amount includes amortization of intangibles in cost of sales and operating expenses.
(3) Primarily related to corporate unallocated expenses such as charges or credits resulting from distressed customers and litigation settlements.
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Depreciation and amortization:
Reportable segment - IMS$33,118 $18,962 $91,613 $58,178 
Other segments - CPS10,807 9,518 30,986 28,026 
Total43,925 28,480 122,599 86,204 
Unallocated corporate items (1)4,276 1,280 12,218 3,609 
Total$48,201 $29,760 $134,817 $89,813 
Capital expenditures (receipt basis):
Reportable segment - IMS$77,077 $29,749 $190,191 $58,989 
Other segments - CPS24,744 19,011 61,958 41,533 
Total101,821 48,760 252,149 100,522 
Unallocated corporate items (1)1,643 841 3,477 2,325 
Total$103,464 $49,601 $255,626 $102,847 

(1)    Primarily related to selling, general and administration functions.

As of
June 27,
2026		September 27,
2025
(In thousands)
Segment Assets:
Reportable segment - IMS (1)$5,689,384 $3,109,754 
Other unallocated assets4,050,350 2,748,419 
Total$9,739,734 $5,858,173 

(1)    Segment assets consists of accounts receivable, inventories and property, plant and equipment, net.

Long-lived assets, net by geographic area is as follows:

As of
June 27,
2026		September 27,
2025
(In thousands)
U.S. (country of domicile)$442,772 $170,634 
Mexico (>10% of total)$333,008 $267,430 
Other$275,634 $244,290 
  Total$1,051,414 $682,354 

Location of long-lived assets was determined based on entities that owned the long-lived assets. No other individual foreign country accounted for more than 10% of the long-lived assets as of June 27, 2026 and September 27, 2025.
v3.26.1
EARNINGS PER SHARE
 9 Months Ended
Jun. 27, 2026
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block] Earnings Per Share
 
Basic and diluted per share amounts are calculated by dividing net income attributable to common shareholders by the weighted-average number of shares of common stock outstanding during the period, as follows:
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders$117,129 $68,616 $260,061 $197,827 
Denominator:
Weighted-average common shares outstanding53,861 53,614 54,118 54,074 
Effect of dilutive stock options and restricted stock units1,272 879 1,136 1,211 
Denominator for diluted earnings per share55,133 54,493 55,254 55,285 
Net income attributable to common shareholders per share:
Basic$2.17 $1.28 $4.81 $3.66 
Diluted$2.12 $1.26 $4.71 $3.58 

Weighted-average dilutive securities that were excluded from the above calculation because their inclusion would have had an anti-dilutive effect under ASC Topic 260, Earnings per Share, due to application of the treasury stock method were not material for any period presented.
v3.26.1
BUSINESS COMBINATION
 9 Months Ended
Jun. 27, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures Business Combination
On the Closing Date, pursuant to the Purchase Agreement, the Company completed its acquisition of all of the equity interests of ZT Systems, a manufacturer of AI and general purpose computer infrastructure for hyperscale computing companies. The purchase consideration paid at closing was $1.62 billion, consisting of cash of $1.356 billion, net of $295 million cash acquired, and 1,151,052 shares of the Company’s common stock valued at $155 million based on the closing stock price of $134.96 per share as of Closing Date, which the Company released out of treasury stock. The shares of the Company’s common stock are subject to a lock-up period, which restricts the transfer of the common stock with one-third of the shares released from such restrictions on each of the first, second, and third anniversaries of the Closing Date. The seller is also entitled up to $450 million in contingent cash consideration upon the achievement of certain gross profit and revenue metrics during the three-year period following the Closing Date. As of the Closing Date, the fair value of the contingent cash consideration was estimated to be $111 million based on a probability-weighted income approach valuation model which uses significant unobservable inputs (Level 3) such as financial forecasts, risk adjusted rates and expected volatility. The contingent consideration is classified as other liabilities in the condensed consolidated balance sheets and is remeasured to fair value at each reporting date, with changes recognized in the statements of income. The estimated range of undiscounted payment in respect of the contingent consideration from no payout to up to $450 million. During the quarter ended June 27, 2026, the Company finalized its post-closing working capital calculation, as a result of a negotiated settlement pursuant to the Purchase Agreement, with the seller which resulted in a $243 million reduction to the total purchase consideration paid at closing. The Company received the $243 million during the current quarter and recorded a corresponding decrease to goodwill.

The Company recognized a fair value adjustment to contingent consideration primarily due to a change in financial forecasts, which was recorded as acquisition, integration and others on the condensed consolidated statements of income. This adjustment resulted in a corresponding increase in other liabilities on the condensed consolidated balance sheets.

The following table presents a reconciliation of the contingent consideration liability.

Amount
(In millions)
Balance as of September 27, 2025$— 
Initial fair value upon acquisition of ZT Systems111 
Change in fair value estimate59 
Balance as of March 28, 2026$170 
Change in fair value estimate13 
Balance as of June 27, 2026$183 
The fair value of the components of the purchase consideration are as follows:

Acquisition Date Amounts RecognizedAdjustmentsAs Adjusted
(In millions)
Cash paid to selling shareholder at close$1,651 $(243)$1,408 
Equity issued to selling shareholder (1)155 0155 
Fair value of contingent consideration - earnout111 0111 
  Total purchase consideration$1,917 $(243)$1,674 
  Cash acquired from ZT Systems(295)0(295)
  Total estimated value of purchase consideration, net of cash acquired$1,622 (243)1,379 

(1)     Equity issued to selling shareholder includes $64 million that represents Additional Paid-in Capital.

The acquisition meets the criteria to be accounted for as a business combination using the acquisition method of accounting. The following table sets forth the components and the preliminary allocation of the purchase price, net of measurement period adjustments, of assets acquired and liabilities assumed.

As Originally ReportedMeasurement Period AdjustmentsAs Adjusted
(In millions)
Accounts receivables, net of allowances$1,285 $— $1,285 
Inventories1,295 (16)1,279 
Prepaid expenses and other current assets185 — 185 
Property, plant and equipment, net242 (2)240 
Deferred income tax assets206 (43)163 
Other non-current assets (includes intangible assets of $49 million and $51 million as of June 27, 2026 and December 27, 2025, respectively)
169 (2)167 
Total assets$3,382 $(63)$3,319 
Accounts payable875 — 875 
Accrued liabilities553 (5)548 
Deferred revenue and customer advances439 — 439 
Other non-current liabilities$169 $— $169 
Net assets acquired$1,346 $(58)$1,288 
Goodwill$276 $(185)$91 

Measurement period adjustments to the preliminary purchase price allocation result from new information about facts and circumstances that existed at the acquisition date, but were identified during the current reporting period. These adjustments combined with the finalized net working capital calculation resulted in a $185 million decrease to goodwill during the nine months ended June 27, 2026.

Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired in addition to liabilities assumed arising from the business combination. There are several strategic benefits to the acquisition, including synergies between the acquired business and the Company, value of the assembled workforce, and the collective experience of the management team with regards to its operations, customers, and industry. These factors contributed to the goodwill that was recorded on the consummation of the transaction and was allocated entirely to the IMS segment. Goodwill is not deductible for tax purposes.

The purchase consideration allocation is based on a preliminary valuation and is subject to revisions as more information about the fair value of assets acquired and liabilities assumed becomes available. The Company may further revise
the preliminary purchase consideration during the remainder of the measurement period, which will not exceed 12 months from the date of the closing of the acquisition. The primary areas that may be subject to revision include fair values of intangible assets, certain tangible assets and liabilities, deferred revenue and income taxes.

The fair values of the identifiable intangible assets acquired were determined using valuation techniques consistent with either the income and/or cost approach, as a multi-period excess earnings method was used for the customer relationships intangible asset, a replacement cost method was used for the internally developed software intangible asset, and a relief from royalty method was used for the trade name/trademark intangible asset. Estimated amounts assigned to intangible assets are being amortized on a straight-line basis over their estimated useful lives and are as follows:

Weighted-average Amortization PeriodFair Value
(In years)(In millions)
Customer relationships10$33
Internally developed software512
Trade name/Trademark14
Total intangible assets$49

The identifiable assets acquired and liabilities assumed were recorded at their preliminary fair values as of the acquisition date based on management’s estimates and assumptions, as well as other information compiled by the Company including information from the books and records of ZT Systems. These estimates and assumptions require significant judgment and are subject to change during the measurement period, not to exceed one year from the acquisition date. The primary areas of acquisition accounting that are not yet finalized relate to the following: (i) finalizing the review and valuation of intangible assets, including their appropriate useful lives, (ii) finalizing the review of acquired tangible assets including plant and equipment assets and inventories, (iii) finalizing the review of certain customer arrangements and the associated remaining performance obligations, and (iv) identifying any undisclosed assets or liabilities the Company may not yet be aware of but meet the requirement to qualify for recognition on the acquisition date.

The Company has elected to apply the ASC practical expedient under paragraph ASC 805-20-30-29(b) of the adopted amendments and allocated the transaction price based on the standalone selling price of each performance obligation in the contract with a customer for all contracts acquired in the acquisition.

From the date of acquisition through June 27, 2026, revenue attributable to ZT Systems, included in the Company’s condensed consolidated statements of income for the three and nine months ended June 27, 2026, was $1.1 billion and $4 billion, respectively. It was impracticable to determine the effect on the Company’s net income attributable to ZT Systems as its operations have been integrated into the Company’s ongoing operations since the date of acquisition.

Acquisition, integration and others consist of fair value adjustment for contingent consideration, professional service fees and expenses for acquisition-related activities. The Company incurred acquisition-related costs of $21 million and $137 million during the three and nine months ended June 27, 2026 and $7 million during the three and nine months ended June 28, 2025, which are presented as acquisition, integration and others in the accompanying condensed consolidated statements of income. The condensed consolidated financial statements include the operating results of ZT Systems from the date of the acquisition.

Pro Forma Financial Information

The following pro forma financial information represents a summary of the consolidated results of operations assuming the acquisition had been completed as of September 29, 2024. The pro forma financial information for the three and nine months ended June 28, 2025 combines the Company’s historical results with that of ZT Systems’ results for the period beginning February 1, 2025 through April 30, 2025 and August 1, 2024 through April 30, 2025, respectively, since the Company and ZT Systems have different fiscal years. The pro forma financial information is not necessarily indicative of the results of operations that would have been achieved if the acquisition had been effective as of that date, or of future results, and includes certain nonrecurring pro forma adjustments related to the accounting effects of the business combination for acquisition, integration and others charges of $137 million and amortization of inventory fair value adjustment of $49 million for the nine months ended June 27, 2026.
Three Months EndedNine Months Ended
June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)(In thousands)
Pro forma combined:
Net sales$4,896,391$11,201,425 $15,152,708
Net income attributable to common shareholders181,454274,447 943,905
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jun. 27, 2026
shares
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Susan Johnson [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 29, 2026, Susan Johnson, a member of the Board of Directors of the Company, adopted a Rule 10b5-1 trading arrangement with respect to the sale of up to 480 shares of common stock of the Company during the term of the plan. This plan terminates on May 28, 2027 or at such time all shares under such plan are sold and is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
Name Susan Johnson
Title a member of the Board of Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 29, 2026
Expiration Date May 28, 2027
Aggregate Available 480
v3.26.1
ACCOUNTING POLICIES (Policies)
 9 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Accounting [Text Block]
The accompanying condensed consolidated financial statements of Sanmina Corporation (the “Company”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted pursuant to those rules or regulations. The interim condensed consolidated financial statements are unaudited, but reflect all adjustments, consisting primarily of normal recurring adjustments that are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended September 27, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on November 13, 2025.

The condensed consolidated financial statements include all accounts of the Company, its wholly owned subsidiaries and subsidiaries in which the Company has a controlling financial interest. All intra-company accounts and transactions have been eliminated. Noncontrolling interest represents a noncontrolling investor’s interest in the results of operations of subsidiaries that the Company controls and consolidates.
Use of Estimates, Policy [Policy Text Block]
The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates.

Results of operations for the third quarter of fiscal 2026 are not necessarily indicative of the results that may be expected for other interim periods or for the full fiscal year.
Fiscal Period, Policy [Policy Text Block] The Company operates on a 52- or 53-week year ending on the Saturday nearest September 30. Fiscal 2025 was a 52-week year and fiscal 2026 will be a 53-week year, with the extra week in the fourth fiscal quarter. All references to years relate to fiscal years unless otherwise noted.
Reclassification, Comparability Adjustment
Beginning in the first quarter of 2026, the Company presented goodwill, which was previously included within other assets, as a separate line item on the condensed consolidated balance sheets and the related prior period balances have been reclassified to conform to the current period presentation.
Business Combination
Business Combinations. Accounting for a business combination requires the Company to estimate the fair value at the acquisition date of consideration paid, contractual obligations, contingent consideration and the individual assets acquired and liabilities assumed, which involves a number of judgments, assumptions and estimates that could materially affect the amount and timing of costs recognized in subsequent periods. Contingent consideration is recorded at fair value as of the acquisition date with subsequent adjustments recorded to earnings. Significant judgment along with estimates and assumptions are involved in deriving the fair value of the contingent consideration. The Company may engage third parties to determine fair value for certain assets such as property, plant and equipment and intangible assets, including to provide assistance with estimating future cash flows, discount rates and comparable market values. Any excess of purchase price consideration over the fair value of assets acquired and liabilities assumed is recognized as goodwill and if less than the fair value of assets acquired and liabilities assumed, a gain on bargain purchase is recognized. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets possess varying useful lives, and some may be deemed to have an indefinite useful life. The
Company expenses acquisition, integration and others as incurred in the same period, with these costs primarily consisting of advisory, legal, accounting, and other professional and consulting fees, as well as fair value adjustments to contingent consideration.
New Accounting Pronouncements, Policy [Text Block]
Recently Issued Accounting Pronouncements Not Yet Adopted

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which provides clarification and guidance on what disclosures should be provided in interim reporting periods. It clarifies the form and content requirements, creates a comprehensive list of all required interim disclosures drawn from across the various codification topics into Topic 270, and establishes a disclosure principle mandating the disclosure of all events or changes since the last annual reporting period that have a material impact on the entity. The ASU is effective for the Company for annual reporting and interim periods within the fiscal year 2029, with early adoption permitted.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Accounting Standards Codification (“ASC”) 606: Revenue from Contracts with Customers. The ASU is effective for the Company for annual reporting and interim periods within the fiscal year 2027, with early adoption permitted, and will be applied prospectively. The Company is currently evaluating the impact ASU 2025-05 will have on its financial statement disclosures.

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure, which will require additional disclosure of certain costs and expenses within the notes to the financial statements. The disclosure requirements are effective for the Company for annual reporting periods beginning in fiscal 2028 and for interim periods beginning in fiscal 2029, with early adoption permitted, and will be applied prospectively, with the option to apply retrospectively. The Company is currently evaluating the impact ASU 2024-03 will have on its financial statement disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which will require the Company, on an annual basis, to provide disclosure of specific categories in its effective income tax rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for the Company for annual reporting beginning in fiscal 2026, with early adoption permitted. The Company is currently evaluating the impact ASU 2023-09 will have on its financial statement disclosures.
v3.26.1
BALANCE SHEET DETAILS (Tables)
 9 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
As of
June 27,
2026		September 27,
2025
(In thousands)
Cash and cash equivalents$1,844,942 $926,267 
Restricted cash (1)3,457 — 
Restricted cash equivalents (2)38,820 39,953 
Total cash, cash equivalents, restricted cash and restricted cash equivalents$1,887,219 $966,220 

(1)     Restricted cash consists of cash deposit in accounts subject to lockbox arrangement to satisfy deposit requirements related to letters of credits for purchases. These cash deposits are recorded in prepaid expenses and other current assets, and other assets on the condensed consolidated balance sheets.

(2)    Represents money market funds related to deferred compensation plan. Due to the restrictions on the distributions of these funds, the amount is considered restricted and recorded in prepaid expenses and other current assets on the condensed consolidated balance sheets.
Schedule of Inventory, Current
As of
June 27,
2026		September 27,
2025
(In thousands)
Raw materials$2,855,046 $1,984,403 
Work-in-process162,934 1,661 
Finished goods134,267 2,398 
Total$3,152,247 $1,988,462 
v3.26.1
REVENUE RECOGNITION (Tables)
 9 Months Ended
Jun. 27, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Change in Accounting Estimate
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Revenue(In thousands)
Favorable
$2,549 $5,694 $12,018 $17,309 
Unfavorable
(1,656)(762)(4,416)(2,811)
Net
$893 $4,932 $7,602 $14,498 

Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Operating income(In thousands)
Favorable
$3,631 $6,071 $15,372 $17,903 
Unfavorable
(3,429)(9,095)(9,410)(15,427)
Net
$202 $(3,024)$5,962 $2,476 
Disaggregation of Revenue [Table Text Block]
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Segments:
Reportable segment - IMS$2,947,574$1,639,258$9,299,140$4,842,513
Other segments - Components, Products and Services (“CPS”)$516,442$402,304$1,367,840$1,189,477
Total$3,464,016$2,041,562$10,666,980$6,031,990
End Markets:
Industrial and Energy, Medical, Defense and Aerospace, and Automotive and Transportation$1,315,603$1,255,297$3,783,853$3,775,853
Communications Networks and Cloud and AI Infrastructure$2,148,413$786,265$6,883,127$2,256,137
Total$3,464,016$2,041,562$10,666,980$6,031,990
Geography:
Americas (1)$2,392,129$1,210,923$7,766,089$3,445,419
APAC$725,206$612,363$2,010,915$1,928,712
EMEA$346,681$218,276$889,976$657,859
Total$3,464,016$2,041,562$10,666,980$6,031,990
Percentage of net sales represented by ten largest customers62 %53 %67 %51 %
Number of customers representing 10% or more of net sales and primarily related to IMS1 — 2 — 
(1)    The U.S. represents approximately 59% and 29% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 40% and 68% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively.
The U.S. represents approximately 64% and 30% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 35% and 67% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively.
v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Jun. 27, 2026
Financial Instruments [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Fair Value Measurements Using Level 1, Level 2, or Level 3Prepaid Expenses and Other Current AssetsOther AssetsAccrued LiabilitiesOther Liabilities
(In thousands)
Derivatives designated as accounting hedges: foreign currency forward contractsLevel 2$49 $— $360 $— 
Derivatives not designated as accounting hedges: foreign currency forward contractsLevel 2$730 $— $9,027 $— 
Derivatives designated as accounting hedges: interest rate swapsLevel 2$8,340 $18,518 $— $— 
Derivative not designated as accounting hedge: total return swapsLevel 2$— $— $1,237 $— 

The following table presents the location and fair value of derivative financial instruments included in our condensed consolidated balance sheets as of September 27, 2025.


Fair Value Measurements Using Level 1, Level 2, or Level 3Prepaid Expenses and Other Current AssetsOther AssetsAccrued LiabilitiesOther Liabilities
(In thousands)
Derivatives designated as accounting hedges: foreign currency forward contractsLevel 2$74 $— $21 $— 
Derivatives not designated as accounting hedges: foreign currency forward contractsLevel 2$4,352 $— $622 $— 
Derivatives designated as accounting hedges: interest rate swapsLevel 2$1,156 $108 $— $446 
Derivative not designated as accounting hedge: total return swapsLevel 2$973 $— $— $— 
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
 As of
June 27,
2026		 September 27,
2025
(In thousands, except number of contracts)
Foreign Currency Forward Contracts:
Derivatives Designated as Accounting Hedges:
Notional amount$152,356 $131,061 
Number of contracts45 45 
Derivatives Not Designated as Accounting Hedges:
Notional amount$519,970 $490,506 
Number of contracts38 42 
Interest Rate Swaps:
Derivatives Designated as Accounting Hedges:
Notional amount$1,450,000 $300,000 
Number of contracts176
Total Return Swaps:
Derivatives Not Designated as Accounting Hedges:
Notional amount$60,836 $54,298 
Number of contracts11 
v3.26.1
DEBT (Tables)
 9 Months Ended
Jun. 27, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 As of
 June 27,
2026		September 27,
2025
 (In thousands)
Term Loan Due 2027, net of issuance costs$— $300,474 
Term Loan A, net of issuance costs1,382,295 — 
Term Loan B, net of issuance costs790,015 — 
Total long-term debt2,172,310 300,474 
Less: Current portion
Term Loan Due 2027— 17,500 
Term Loan A175,000 $— 
Term Loan B40,000 $— 
Long-term portion$1,957,310 $282,974 
Schedule of Maturities of Long-Term Debt [Table Text Block]
As of
June 27,
2026
(In thousands)
Remainder of 2026$86,000 
2027172,000 
2028312,000 
2029312,000 
2030444,000 
2031242,000 
2032 and thereafter632,000 
$2,200,000 
v3.26.1
LEASES (Tables)
 9 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Asset and Liabilities, Lessee [Table Text Block]
 As of
 June 27,
2026		September 27,
2025
 (In thousands)
Other assets$248,877$67,808
 
Accrued liabilities$47,787$21,725
Other long-term liabilities212,80636,022
Total lease liabilities
$260,593$57,747
Weighted average remaining lease term (in years)6.7511.94
Weighted average discount rate4.9 %4.2 %
Lease, Cost [Table Text Block]
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Operating lease expense (1)$20,583 $7,898 $44,791 $23,486 
Nine Months Ended
June 27,
2026		June 28,
2025
(In thousands)
Cash paid for operating lease liabilities$35,217 $19,180 
Right-of-use assets obtained in exchange for lease liabilities$146,591 $1,493 
(1)     Includes immaterial amounts of short-term leases and sublease income.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Operating Leases
 (In thousands)
Remainder of 2026$14,878 
202759,628 
202847,433 
202939,232 
203035,922 
Thereafter112,392 
Total lease payments
309,485 
Less: imputed interest48,892 
Total
$260,593 
v3.26.1
ACCOUNTS RECEIVABLE SALE PROGRAM (Tables)
 9 Months Ended
Jun. 27, 2026
Transfers and Servicing [Abstract]  
Transfer of Financial Assets Accounted for as Sales
Nine Months Ended
June 27,
2026		June 28,
2025
(In thousands)
Trade receivables sold$486,745$237,513
Discount on trade receivables (1)$3,051$1,284

(1)    Recorded in other income (expense), net in the condensed consolidated statements of income

Trade receivables sold under the RPA and subject to servicing by the Company that remained outstanding and uncollected and collected as of June 27, 2026 are as follows:
As of
June 27,
2026		September 27,
2025
(In thousands)
Outstanding and uncollected$190,086$12,813
Outstanding and collected (1)$1,089$187
(1)    Amount collected but not yet remitted to bank as of June 27, 2026 and September 27, 2025 is classified in accrued liabilities on the condensed consolidated balance sheets.
v3.26.1
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Jun. 27, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
As of
June 27,
2026		September 27,
2025
(In thousands)
Foreign currency translation adjustments$74,009 $77,714 
Unrealized holding gains on derivative financial instruments20,393 490 
Unrecognized net actuarial losses and transition costs for benefit plans(8,201)(8,584)
    Total$86,201 $69,620 
v3.26.1
BUSINESS SEGMENT (Tables)
 9 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Reporting [Table Text Block]
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Sales:
Reportable segment - IMS$2,957,043 $1,648,404 $9,331,706 $4,875,352 
Other segments - CPS545,823 422,388 1,441,208 1,249,141 
Intersegment sales elimination(38,850)(29,230)(105,934)(92,503)
Net sales$3,464,016 $2,041,562 $10,666,980 $6,031,990 
Reportable segment expenses - IMS:
Cost of sales2,646,851 1,515,456 8,450,182 4,466,739 
Total expenses$2,646,851 $1,515,456 $8,450,182 $4,466,739 
Gross Profit:
Reportable segment gross profit - IMS$300,724 $123,802 $848,958 $375,774 
Other segments gross profit - CPS69,723 62,204 179,171 171,649 
Selling, general and administrative (1)(86,760)(58,731)(279,793)(185,347)
Research and development (1)(7,914)(7,764)(23,808)(21,519)
Stock-based compensation expense(24,817)(16,081)(72,503)(47,163)
Amortization of intangibles (2)(2,431)— (6,483)— 
Restructuring(1,576)(473)(3,040)(2,899)
Amortization of inventory fair value adjustment— — (49,000)— 
Acquisition, integration and others(21,075)(7,080)(137,022)(7,080)
Interest income9,800 4,200 26,291 11,319 
Interest expense(32,464)(4,981)(89,324)(14,961)
Other income (expense), net(6,809)(3,686)(4,326)(6,370)
Other corporate expenses (3)(4,649)— (4,649)(7,312)
Income before income taxes$191,752 $91,410 $384,472 $266,091 
(1) Amount excludes allocation of stock-based compensation expense.
(2) Amount includes amortization of intangibles in cost of sales and operating expenses.
(3) Primarily related to corporate unallocated expenses such as charges or credits resulting from distressed customers and litigation settlements.
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)
Depreciation and amortization:
Reportable segment - IMS$33,118 $18,962 $91,613 $58,178 
Other segments - CPS10,807 9,518 30,986 28,026 
Total43,925 28,480 122,599 86,204 
Unallocated corporate items (1)4,276 1,280 12,218 3,609 
Total$48,201 $29,760 $134,817 $89,813 
Capital expenditures (receipt basis):
Reportable segment - IMS$77,077 $29,749 $190,191 $58,989 
Other segments - CPS24,744 19,011 61,958 41,533 
Total101,821 48,760 252,149 100,522 
Unallocated corporate items (1)1,643 841 3,477 2,325 
Total$103,464 $49,601 $255,626 $102,847 

(1)    Primarily related to selling, general and administration functions.
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
As of
June 27,
2026		September 27,
2025
(In thousands)
Segment Assets:
Reportable segment - IMS (1)$5,689,384 $3,109,754 
Other unallocated assets4,050,350 2,748,419 
Total$9,739,734 $5,858,173 

(1)    Segment assets consists of accounts receivable, inventories and property, plant and equipment, net.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset
As of
June 27,
2026		September 27,
2025
(In thousands)
U.S. (country of domicile)$442,772 $170,634 
Mexico (>10% of total)$333,008 $267,430 
Other$275,634 $244,290 
  Total$1,051,414 $682,354 
v3.26.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Jun. 27, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders$117,129 $68,616 $260,061 $197,827 
Denominator:
Weighted-average common shares outstanding53,861 53,614 54,118 54,074 
Effect of dilutive stock options and restricted stock units1,272 879 1,136 1,211 
Denominator for diluted earnings per share55,133 54,493 55,254 55,285 
Net income attributable to common shareholders per share:
Basic$2.17 $1.28 $4.81 $3.66 
Diluted$2.12 $1.26 $4.71 $3.58 
v3.26.1
BUSINESS COMBINATION (Tables)
 9 Months Ended
Jun. 27, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Contingent Consideration
Amount
(In millions)
Balance as of September 27, 2025$— 
Initial fair value upon acquisition of ZT Systems111 
Change in fair value estimate59 
Balance as of March 28, 2026$170 
Change in fair value estimate13 
Balance as of June 27, 2026$183 
Business Combination
Acquisition Date Amounts RecognizedAdjustmentsAs Adjusted
(In millions)
Cash paid to selling shareholder at close$1,651 $(243)$1,408 
Equity issued to selling shareholder (1)155 0155 
Fair value of contingent consideration - earnout111 0111 
  Total purchase consideration$1,917 $(243)$1,674 
  Cash acquired from ZT Systems(295)0(295)
  Total estimated value of purchase consideration, net of cash acquired$1,622 (243)1,379 

(1)     Equity issued to selling shareholder includes $64 million that represents Additional Paid-in Capital.
Business Combination, Recognized Asset Acquired and Liability Assumed
As Originally ReportedMeasurement Period AdjustmentsAs Adjusted
(In millions)
Accounts receivables, net of allowances$1,285 $— $1,285 
Inventories1,295 (16)1,279 
Prepaid expenses and other current assets185 — 185 
Property, plant and equipment, net242 (2)240 
Deferred income tax assets206 (43)163 
Other non-current assets (includes intangible assets of $49 million and $51 million as of June 27, 2026 and December 27, 2025, respectively)
169 (2)167 
Total assets$3,382 $(63)$3,319 
Accounts payable875 — 875 
Accrued liabilities553 (5)548 
Deferred revenue and customer advances439 — 439 
Other non-current liabilities$169 $— $169 
Net assets acquired$1,346 $(58)$1,288 
Goodwill$276 $(185)$91 
Business Combination, Intangible Asset, Acquired, Finite-Lived
Weighted-average Amortization PeriodFair Value
(In years)(In millions)
Customer relationships10$33
Internally developed software512
Trade name/Trademark14
Total intangible assets$49
Business Combination, Pro Forma Information
Three Months EndedNine Months Ended
June 28,
2025		June 27,
2026		June 28,
2025
(In thousands)(In thousands)
Pro forma combined:
Net sales$4,896,391$11,201,425 $15,152,708
Net income attributable to common shareholders181,454274,447 943,905
v3.26.1
CASH AND CASH EQUIVALENTS (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Jun. 28, 2025
Sep. 28, 2024
Restricted Cash and Cash Equivalent Item [Line Items]        
Cash and cash equivalents $ 1,844,942 $ 926,267    
Restricted Cash [1] 3,457 0    
Restricted Cash Equivalent [2] 38,820 39,953    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,887,219 $ 966,220 $ 837,720 $ 625,860
[1] Restricted cash consists of cash deposit in accounts subject to lockbox arrangement to satisfy deposit requirements related to letters of credits for purchases. These cash deposits are recorded in prepaid expenses and other current assets, and other assets on the condensed consolidated balance sheets.
[2] Represents money market funds related to deferred compensation plan. Due to the restrictions on the distributions of these funds, the amount is considered restricted and recorded in prepaid expenses and other current assets on the condensed consolidated balance sheets
v3.26.1
INVENTORY (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Inventory [Line Items]    
Inventories $ 3,152,247 $ 1,988,462
Raw materials 2,855,046 1,984,403
Work-in-process 162,934 1,661
Finished goods $ 134,267 $ 2,398
v3.26.1
REVENUE RECOGNITION - Change in accounting estimate (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Change in Accounting Estimate [Line Items]        
Net sales $ 3,464,016 $ 2,041,562 $ 10,666,980 $ 6,031,990
Operating Income (Loss) 221,225 95,877 451,831 276,103
Change in Accounting Method Accounted for as Change in Estimate        
Change in Accounting Estimate [Line Items]        
Net sales 893 4,932 7,602 14,498
Operating Income (Loss) 202 (3,024) 5,962 2,476
Change in Accounting Method Accounted for as Change in Estimate | Favorable        
Change in Accounting Estimate [Line Items]        
Net sales 2,549 5,694 12,018 17,309
Operating Income (Loss) 3,631 6,071 15,372 17,903
Change in Accounting Method Accounted for as Change in Estimate | Unfavorable        
Change in Accounting Estimate [Line Items]        
Net sales (1,656) (762) (4,416) (2,811)
Operating Income (Loss) $ (3,429) $ (9,095) $ (9,410) $ (15,427)
v3.26.1
REVENUE RECOGNITION - Disagregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Disaggregation of Revenue [Line Items]        
Net sales $ 3,464,016 $ 2,041,562 $ 10,666,980 $ 6,031,990
Americas        
Disaggregation of Revenue [Line Items]        
Net sales [1] 2,392,129 1,210,923 7,766,089 3,445,419
Asia Pacific        
Disaggregation of Revenue [Line Items]        
Net sales 725,206 612,363 2,010,915 1,928,712
EMEA        
Disaggregation of Revenue [Line Items]        
Net sales $ 346,681 $ 218,276 $ 889,976 $ 657,859
Mexico        
Disaggregation of Revenue [Line Items]        
Percentage of Net Sales to Americas Net Sales 40.00% 68.00% 35.00% 67.00%
United States        
Disaggregation of Revenue [Line Items]        
Percentage of Net Sales to Americas Net Sales 59.00% 29.00% 64.00% 30.00%
Industrial and Energy, Medical, Defense and Aerospace, and Automotive and Transportation        
Disaggregation of Revenue [Line Items]        
Net sales $ 1,315,603 $ 1,255,297 $ 3,783,853 $ 3,775,853
Communications Networks and Cloud and AI Infrastructure        
Disaggregation of Revenue [Line Items]        
Net sales 2,148,413 786,265 6,883,127 2,256,137
IMS Third Party Revenue        
Disaggregation of Revenue [Line Items]        
Net sales 2,947,574 1,639,258 9,299,140 4,842,513
CPS Third Party Revenue        
Disaggregation of Revenue [Line Items]        
Net sales $ 516,442 $ 402,304 $ 1,367,840 $ 1,189,477
[1] The U.S. represents approximately 59% and 29% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 40% and 68% of Americas net sales for the three months ended June 27, 2026 and June 28, 2025, respectively.
The U.S. represents approximately 64% and 30% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively and Mexico represents approximately 35% and 67% of Americas net sales for the nine months ended June 27, 2026 and June 28, 2025, respectively.
v3.26.1
REVENUE RECOGNITION - Revenue by Major Customers, by Reporting Segments (Details)
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Sep. 27, 2025
Concentration Risk [Line Items]          
Percentage of Net Sales Represented by Ten Largest Customers 62.00% 53.00% 67.00% 51.00%  
Number of customers representing 10% or more of net sales 1 0 2 0  
Two Customers | Accounts Receivable          
Concentration Risk [Line Items]          
Concentration Of Sales Or Receivables         10.00%
One Customer | Accounts Receivable          
Concentration Risk [Line Items]          
Concentration Of Sales Or Receivables 10.00%   10.00%    
v3.26.1
REVENUE RECOGNITION - Deferred Revenue and Customer Advances (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Revenue Recognition and Deferred Revenue [Abstract]    
Customer Payments for Raw Materials Inventory $ 944,000 $ 852,000
Deferred Revenue $ 180,000 $ 16,000
v3.26.1
FINANCIAL INSTRUMENTS (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents 9.00%  
Restricted Cash Equivalent [1] $ 38,820 $ 39,953
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred Compensation Liability, Current and Noncurrent 61,000 54,000
Assets for Plan Benefits, Defined Benefit Plan   18,000
Restricted Cash Equivalent 39,000 40,000
Other Long-Term Investments 11,000 10,000
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 18,518 108
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 446
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 8,340 1,156
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 360 21
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 49 74
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 9,027 622
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 730 4,352
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 1,237 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Subject to Master Netting Arrangement, before Offset $ 0 $ 973
[1] Represents money market funds related to deferred compensation plan. Due to the restrictions on the distributions of these funds, the amount is considered restricted and recorded in prepaid expenses and other current assets on the condensed consolidated balance sheets
v3.26.1
FINANCIAL INSTRUMENTS - DERIVATIVE (Details)
$ in Thousands
 9 Months Ended
Jun. 27, 2026
USD ($)
Sep. 27, 2025
USD ($)
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 152,356 $ 131,061
Number of contracts 45 45
Maximum Length of Time Hedged 12 months  
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 519,970 $ 490,506
Number of contracts 38 42
Maximum Remaining Maturity 2 months  
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 1,450,000 $ 300,000
Number of contracts 17 6
Effective Interest Rate 4.90%  
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $300M Aggregate Notional Value of Swaps    
Derivative [Line Items]    
Maturity Date Sep. 27, 2027  
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $1,150M Aggregate Notional Value of Swaps    
Derivative [Line Items]    
Maturity Date Oct. 31, 2030  
Total Return Swap [Member] | Not Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 60,836 $ 54,298
Number of contracts 1 1
v3.26.1
DEBT - Debt Schedule (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Debt Instrument [Line Items]    
Total long-term debt $ 2,172,310 $ 300,474
Long-term portion 1,957,310 282,974
Term Loan Due 2027    
Debt Instrument [Line Items]    
Loans Payable to Bank 0 300,474
Loans Payable to Bank, Current 0 17,500
Term Loan A    
Debt Instrument [Line Items]    
Loans Payable to Bank 1,382,295 0
Loans Payable to Bank, Current 175,000 0
Term Loan B    
Debt Instrument [Line Items]    
Loans Payable to Bank 790,015 0
Loans Payable to Bank, Current 40,000 $ 0
Term Loan A and B    
Long-term Debt, Fiscal Year Maturity [Abstract]    
Long-Term Debt, Maturity, Remainder of Fiscal Year 86,000  
Long-Term Debt, Maturity, Year One 172,000  
Long-Term Debt, Maturity, Year Two 312,000  
Long-Term Debt, Maturity, Year Three 312,000  
Long-Term Debt, Maturity, Year Four 444,000  
Long-Term Debt, Maturity, Year Five 242,000  
Long-Term Debt, Maturity, after Year Five 632,000  
Long-term Debt, Gross $ 2,200,000  
v3.26.1
DEBT - Line of Credit Facility (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
May 27, 2026
Oct. 27, 2025
Jun. 27, 2026
Jun. 27, 2026
Sep. 27, 2025
Jul. 29, 2025
ZT Systems            
Line of Credit Facility [Line Items]            
Business Combination, Effective Date of Acquisition   Oct. 27, 2025        
Foreign Line of Credit            
Line of Credit Facility [Line Items]            
Maximum Borrowing Capacity     $ 71,000 $ 71,000    
Long-term Line of Credit     0 0    
New Credit Agreement            
Line of Credit Facility [Line Items]            
Maximum Borrowing Capacity           $ 1,500,000
Letters of Credit Outstanding, Amount     12,000 12,000    
Line of Credit Facility, Remaining Borrowing Capacity     $ 1,500,000 $ 1,500,000    
Line of Credit Facility, Initiation Date     Jul. 29, 2025      
Total Borrowing Capacity for Senior Secured Credit Facilities           3,500,000
Minimum Consolidated Cash Interest Coverage Ratio     3.00 3.00    
Maximum Consolidated Total Net Leverage Ratio     4.00 4.00    
Delayed Draw Term Loan A            
Line of Credit Facility [Line Items]            
Line of Credit Facility, Remaining Borrowing Capacity     $ 600,000 $ 600,000    
Term Loan Due 2027            
Line of Credit Facility [Line Items]            
Loans Payable to Bank     0 0 $ 300,474  
Term Loan A            
Line of Credit Facility [Line Items]            
Loans Payable to Bank     1,382,295 1,382,295 0  
Term Loan A | New Credit Agreement            
Line of Credit Facility [Line Items]            
Term Loan           $ 2,000,000
Term Loan B            
Line of Credit Facility [Line Items]            
Loans Payable to Bank     $ 790,015 $ 790,015 $ 0  
Term Loan B | New Credit Agreement            
Line of Credit Facility [Line Items]            
Term Loan   $ 800,000        
Repayment Percentage for Long-term Debt     1.00% 1.00%    
Debt Instrument, Maturity Date       Oct. 27, 2032    
Term Loan B | New Credit Agreement | Secured Overnight Financing Rate (SOFR)            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 1.75%          
Term Loan B | New Credit Agreement | Base Rate            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 0.75%          
New Credit Agreement            
Line of Credit Facility [Line Items]            
Debt Instrument, Maturity Date       Oct. 27, 2030    
Term Loan A and Term Loan B | New Credit Agreement            
Line of Credit Facility [Line Items]            
Long-term Debt, Gross     $ 2,200,000 $ 2,200,000    
Revolving Credit Facility and Term Loan A | New Credit Agreement            
Line of Credit Facility [Line Items]            
Repayment Percentage for Long-term Debt Through Year 2     2.50% 2.50%    
Repayment Percentage for Long-term Debt Year 3 and 4     5.00% 5.00%    
Repayment Percentage for Long-term Debt After Year 4     10.00% 10.00%    
Revolving Credit Facility and Term Loan A | New Credit Agreement | Secured Overnight Financing Rate (SOFR) | Minimum            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   1.375%        
Revolving Credit Facility and Term Loan A | New Credit Agreement | Secured Overnight Financing Rate (SOFR) | Maximum [Member]            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   2.00%        
Revolving Credit Facility and Term Loan A | New Credit Agreement | Base Rate | Minimum            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   0.375%        
Revolving Credit Facility and Term Loan A | New Credit Agreement | Base Rate | Maximum [Member]            
Line of Credit Facility [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   1.00%        
v3.26.1
LEASES - Lessee Lease Description (Details)
Jun. 27, 2026
Maximum [Member]  
Lessee, Lease, Description [Line Items]  
Term of Contract 44 years
v3.26.1
LEASES - Leases (Detail) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Leases [Abstract]    
Operating Lease, Right-of-Use Asset $ 248,877 $ 67,808
Operating Lease, Liability, Current 47,787 21,725
Operating Lease, Liability, Noncurrent 212,806 36,022
Operating Lease, Liability $ 260,593 $ 57,747
Operating Lease, Weighted Average Remaining Lease Term 6 years 9 months 11 years 11 months 8 days
Operating Lease, Weighted Average Discount Rate, Percent 4.90% 4.20%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued liabilities Accrued liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other liabilities Other liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Liabilities, Total [Member] Liabilities, Total [Member]
v3.26.1
LEASES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Leases [Abstract]        
Operating Leases, Rent Expense, Net [1] $ 20,583 $ 7,898 $ 44,791 $ 23,486
Operating Lease, Payments     35,217 19,180
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability     $ 146,591 $ 1,493
[1] Includes immaterial amounts of short-term leases and sublease income.
v3.26.1
LEASES - Future Lease Liability (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]    
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year $ 14,878  
Lessee, Operating Lease, Liability, to be Paid, Year One 59,628  
Lessee, Operating Lease, Liability, to be Paid, Year Two 47,433  
Lessee, Operating Lease, Liability, to be Paid, Year Three 39,232  
Lessee, Operating Lease, Liability, to be Paid, Year Four 35,922  
Lessee, Operating Lease, Liability, to be Paid, after Year Four 112,392  
Lessee, Operating Lease, Liability, to be Paid 309,485  
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 48,892  
Operating Lease, Liability $ 260,593 $ 57,747
v3.26.1
ACCOUNTS RECEIVABLE SALE PROGRAM (Details) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Sep. 27, 2025
Transfer of Financial Assets Accounted for as Sales [Line Items]      
Accounts Receivable Sold During The Period $ 486,745 $ 237,513  
Discount on sold receivables [1] 3,051 $ 1,284  
RPA [Member]      
Transfer of Financial Assets Accounted for as Sales [Line Items]      
Accounts Receivable Sold and Outstanding 190,086   $ 12,813
Amount Collected But Not Remitted to Financial Institutions [2] $ 1,089   $ 187
[1] Recorded in other income (expense), net in the condensed consolidated statements of income
[2] Amount collected but not yet remitted to bank as of June 27, 2026 and September 27, 2025 is classified in accrued liabilities on the condensed consolidated balance sheets
v3.26.1
COMMITMENTS AND CONTINGENCIES - Contingencies (Details) - USD ($)
 3 Months Ended 9 Months Ended
Oct. 09, 2025
Mar. 27, 2025
Jun. 27, 2026
Mar. 28, 2026
Dec. 28, 2024
Apr. 02, 2022
Jun. 27, 2026
Oct. 27, 2025
Sep. 27, 2025
Loss Contingencies [Line Items]                  
Loss Contingency Accrual     $ 48,000,000       $ 48,000,000   $ 39,000,000
ZT Systems                  
Loss Contingencies [Line Items]                  
Business Combination, Contingent Consideration, Liability     183,000,000       183,000,000    
ZT Systems | Fair Value, Inputs, Level 3                  
Loss Contingencies [Line Items]                  
Business Combination, Contingent Consideration, Liability     183,000,000 $ 170,000,000     $ 183,000,000 $ 111,000,000 $ 0
Performance of Manufacturing Service Agreement | Dialight                  
Loss Contingencies [Line Items]                  
Loss Contingency, Name of Plaintiff             Dialight    
Loss Contingency, Damages Awarded, Value         $ 1,000,000        
Loss Contingency Damages Awarded Value including Interest   $ 2,000,000              
Treble Damages, Civil Penalties and Interest Payable | Eckert Qui Tam Suit                  
Loss Contingencies [Line Items]                  
Alleged Amount     100,000,000            
Potential Settlement Payment     $ 5,900,000            
Collectibility of Receivable and Excess and Obsolete Inventory | Dialight                  
Loss Contingencies [Line Items]                  
Loss Contingency, Damages Sought, Value           $ 9,000,000      
Loss Contingency, Name of Defendant             Dialight plc    
Loss Contingency, Damages Awarded, Value         $ 9,000,000        
Litigation Settlement, Amount Awarded from Other Party   $ 12,000,000              
Litigation Settlement, Reduction in Amount Awarded From Other Party $ 350,000                
Proceeds from Legal Settlements       $ 6,000,000          
v3.26.1
INCOME TAX (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Income Tax Disclosure [Abstract]        
Provision for income taxes $ 66,444 $ 18,522 $ 109,594 $ 51,804
Effective Income Tax Rate 35.00% 20.00% 29.00% 19.00%
v3.26.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
shares in Thousands, $ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Foreign currency translation adjustments $ 74,009 $ 77,714
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax 20,393 490
Unrecognized net actuarial losses and transition costs for benefit plans $ (8,201) $ (8,584)
Common Stock, Capital Shares Reserved for Future Issuance 1,200  
v3.26.1
STOCKHOLDERS' EQUITY - Stock Repurchase (Details) - USD ($)
$ / shares in Units, $ in Thousands
 9 Months Ended
Apr. 20, 2026
Jun. 27, 2026
Jun. 28, 2025
Oct. 27, 2025
Share Repurchase Program [Abstract]        
Stock Repurchase Program Additional Authorized Amount $ 600,000      
Shares Repurchased   1,600,000 1,400,000  
Cash Paid for Share Repurchases   $ 239,000 $ 114,000  
Tax withholding on stock-based compensation   400,000 500,000  
Amount of Tax Withholding for Share-based Compensation   $ 60,000 $ 39,000  
Common Stock, Par or Stated Value Per Share       $ 0.01
Share Repurchase Program, Remaining Authorized, Amount   $ 600,000    
v3.26.1
STOCKHOLDERS' EQUITY - Non-controlling Interest (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Sep. 27, 2025
Apr. 01, 2023
Business Combination [Line Items]      
Cash and cash equivalents $ 1,844,942 $ 926,267  
Joint Venture with Reliance [Member]      
Business Combination [Line Items]      
Cash and cash equivalents $ 248,000    
RSBVL | Joint Venture with Reliance [Member]      
Business Combination [Line Items]      
Business Combination, Voting Equity Interest Acquired, Percentage     50.10%
Sanmina | Joint Venture with Reliance [Member]      
Business Combination [Line Items]      
Business Combination, Voting Equity Interest Acquired, Percentage     49.90%
v3.26.1
BUSINESS SEGMENT - Revenue and Gross Profit by Segment (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
USD ($)
Jun. 28, 2025
USD ($)
Jun. 27, 2026
USD ($)
people
Jun. 28, 2025
USD ($)
Segment Reporting [Line Items]        
Number of Reportable Segments | people     1  
Net sales $ 3,464,016 $ 2,041,562 $ 10,666,980 $ 6,031,990
Gross profit 363,305 181,050 959,458 525,200
Cost of sales 3,100,711 1,860,512 9,707,522 5,506,790
Selling General and Administrative Expense Adjusted [1] (86,760) (58,731) (279,793) (185,347)
Research and Development Expense Adjusted [1] (7,914) (7,764) (23,808) (21,519)
Share-Based Payment Arrangement, Expense (24,817) (16,081) (72,503) (47,163)
Amortization of Intangible Assets, Adjusted [2] 2,431 0 (6,483) 0
Restructuring, Settlement and Impairment Provisions (1,576) (473) (3,040) (2,899)
Amortization of inventory fair value adjustment 0 0 (49,000) 0
Acquisition, integration and others 21,075 7,080 137,022 7,080
Interest income 9,800 4,200 26,291 11,319
Interest Expense, Nonoperating (32,464) (4,981) (89,324) (14,961)
Other income (expense), net (6,809) (3,686) (4,326) (6,370)
Other Corporate Expenses [3] 4,649 0 4,649 7,312
Income before income taxes 191,752 91,410 384,472 266,091
Depreciation and intangibles amortization 48,201 29,760 134,817 89,813
Segment Reporting, Long-Lived Asset, Expenditure for Addition 103,464 49,601 255,626 102,847
Operating Segments        
Segment Reporting [Line Items]        
Depreciation and intangibles amortization 43,925 28,480 122,599 86,204
Segment Reporting, Long-Lived Asset, Expenditure for Addition 101,821 48,760 252,149 100,522
Operating Segments | Reportable Segment - IMS        
Segment Reporting [Line Items]        
Net sales 2,957,043 1,648,404 9,331,706 4,875,352
Gross profit 300,724 123,802 848,958 375,774
Cost of sales 2,646,851 1,515,456 8,450,182 4,466,739
Depreciation and intangibles amortization 33,118 18,962 91,613 58,178
Segment Reporting, Long-Lived Asset, Expenditure for Addition 77,077 29,749 190,191 58,989
Operating Segments | Other Segments - CPS        
Segment Reporting [Line Items]        
Net sales 545,823 422,388 1,441,208 1,249,141
Gross profit 69,723 62,204 179,171 171,649
Depreciation and intangibles amortization 10,807 9,518 30,986 28,026
Segment Reporting, Long-Lived Asset, Expenditure for Addition 24,744 19,011 61,958 41,533
Intersegment revenue        
Segment Reporting [Line Items]        
Net sales (38,850) (29,230) (105,934) (92,503)
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting [Line Items]        
Depreciation and intangibles amortization [4] 4,276 1,280 12,218 3,609
Segment Reporting, Long-Lived Asset, Expenditure for Addition [4] $ 1,643 $ 841 $ 3,477 $ 2,325
[1] Amount excludes allocation of stock-based compensation expense.
[2] Amount includes amortization of intangibles in cost of sales and operating expenses.
[3] Primarily related to corporate unallocated expenses such as charges or credits resulting from distressed customers and litigation settlements.
[4] Primarily related to selling, general and administration functions
v3.26.1
SEGMENT ASSETS (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Jun. 28, 2025
Segment Reporting [Line Items]    
Segment Assets $ 9,739,734 $ 5,858,173
Reportable Segment - IMS    
Segment Reporting [Line Items]    
Segment Assets [1] 5,689,384 3,109,754
Other Segments and Corporate    
Segment Reporting [Line Items]    
Segment Assets $ 4,050,350 $ 2,748,419
[1] Segment assets consists of accounts receivable, inventories and property, plant and equipment, net.
v3.26.1
LONG-LIVED ASSETS INFORMATION BY GEOGRAPHIC SEGMENT (Details) - USD ($)
$ in Thousands
Jun. 27, 2026
Jun. 28, 2025
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Long-Lived Asset, Excluding Financial Instrument, Customer Relationship, Mortgage Servicing Right, Deferred Policy Acquisition Cost, and Deferred Tax Asset, Amount $ 1,051,414 $ 682,354
United States    
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Long-Lived Asset, Excluding Financial Instrument, Customer Relationship, Mortgage Servicing Right, Deferred Policy Acquisition Cost, and Deferred Tax Asset, Amount 442,772 170,634
Mexico    
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Long-Lived Asset, Excluding Financial Instrument, Customer Relationship, Mortgage Servicing Right, Deferred Policy Acquisition Cost, and Deferred Tax Asset, Amount 333,008 267,430
Other International    
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]    
Long-Lived Asset, Excluding Financial Instrument, Customer Relationship, Mortgage Servicing Right, Deferred Policy Acquisition Cost, and Deferred Tax Asset, Amount $ 275,634 $ 244,290
v3.26.1
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Weighted average shares used in computing per share amount:        
Net income attributable to common shareholders $ 117,129 $ 68,616 $ 260,061 $ 197,827
Weighted-average common shares outstanding 53,861 53,614 54,118 54,074
Effect of dilutive stock options and restricted stock units 1,272 879 1,136 1,211
Denominator for diluted earnings per share 55,133 54,493 55,254 55,285
Net income attributable to common shareholders per share:        
Basic $ 2.17 $ 1.28 $ 4.81 $ 3.66
Net income attributable to common shareholders per share:        
Diluted $ 2.12 $ 1.26 $ 4.71 $ 3.58
v3.26.1
BUSINESS COMBINATION (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 27, 2025
Jun. 27, 2026
Mar. 28, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Sep. 27, 2025
Business Combination [Line Items]              
Cash paid for business acquisition, net of cash acquired         $ 1,114,152 $ 0  
Business Combination, Recognized Asset Acquired, Deferred Tax Asset $ 163,000            
Goodwill   $ 121,889     121,889   $ 30,386
Net sales   3,464,016   $ 2,041,562 10,666,980 6,031,990  
Net income attributable to common shareholders   117,129   68,616 260,061 197,827  
Change in fair value of contingent consideration         72,000 0  
Acquisition, integration and others   21,075   7,080 137,022 7,080  
Previously Reported              
Business Combination [Line Items]              
Business Combination, Recognized Asset Acquired, Deferred Tax Asset 206,000            
Revision of Prior Period, Adjustment              
Business Combination [Line Items]              
Business Combination, Recognized Asset Acquired, Deferred Tax Asset $ (43,000)            
Common Stock and Additional Paid in Capital              
Business Combination [Line Items]              
Business Combination, Consideration Transferred, Equity Interest   0   0 64,449 0  
ZT Systems              
Business Combination [Line Items]              
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares 1,151,052            
Cash paid for business acquisition, net of cash acquired $ 1,356,000            
Payments to Acquire Businesses, Gross 1,408,000            
Business Combination, Consideration Transferred, Equity Interest [1] 155,000            
Total purchase consideration 1,674,000            
Cash Acquired from Acquisition 295,000            
Consideration Transferred, Net of Cash Acquired 1,379,000            
Contingent Consideration, Range of Outcomes, Maximum, Amount 450,000            
Accounts receivables, net of allowances 1,285,000            
Inventories 1,279,000            
Prepaid expenses and other current assets 185,000            
Property, plant and equipment, net 240,000            
Other non-current assets (includes intangible assets of $49 million and $51 million as of June 27, 2026 and December 27, 2025, respectively) 167,000            
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived 49,000            
Total assets (3,319,000)            
Accounts payable 875,000            
Accrued liabilities 548,000            
Deferred revenue and customer advances 439,000            
Other non-current liabilities 169,000            
Net assets acquired 1,288,000            
Goodwill $ 91,000            
Business Combination, Price Per Share $ 134.96            
Net sales   1,100,000     4,000,000    
Business Combination, Contingent Consideration, Liability $ 111,000            
Business Combination, Contingent Consideration, Liability   183,000     183,000    
Acquisition, integration and others   21,000   $ 7,000 137,000 $ 7,000  
ZT Systems | Previously Reported              
Business Combination [Line Items]              
Payments to Acquire Businesses, Gross 1,651,000            
Business Combination, Consideration Transferred, Equity Interest [1] 155,000            
Total purchase consideration 1,917,000            
Cash Acquired from Acquisition 295,000            
Consideration Transferred, Net of Cash Acquired 1,622,000            
Accounts receivables, net of allowances 1,285,000            
Inventories 1,295,000            
Prepaid expenses and other current assets 185,000            
Property, plant and equipment, net 242,000            
Other non-current assets (includes intangible assets of $49 million and $51 million as of June 27, 2026 and December 27, 2025, respectively) 169,000            
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived 51,000            
Total assets (3,382,000)            
Accounts payable 875,000            
Accrued liabilities 553,000            
Deferred revenue and customer advances 439,000            
Other non-current liabilities 169,000            
Net assets acquired 1,346,000            
Goodwill 276,000            
Business Combination, Contingent Consideration, Liability 111,000            
ZT Systems | Revision of Prior Period, Adjustment              
Business Combination [Line Items]              
Payments to Acquire Businesses, Gross (243,000)            
Business Combination, Consideration Transferred, Equity Interest [1] 0            
Total purchase consideration (243,000)            
Cash Acquired from Acquisition 0            
Consideration Transferred, Net of Cash Acquired (243,000)            
Accounts receivables, net of allowances 0            
Inventories (16,000)            
Prepaid expenses and other current assets 0            
Property, plant and equipment, net (2,000)            
Other non-current assets (includes intangible assets of $49 million and $51 million as of June 27, 2026 and December 27, 2025, respectively) (2,000)            
Total assets (63,000)            
Accounts payable 0            
Accrued liabilities (5,000)            
Deferred revenue and customer advances 0            
Other non-current liabilities 0            
Net assets acquired (58,000)            
Goodwill (185,000)            
Business Combination, Contingent Consideration, Liability 0            
ZT Systems | Common Stock and Additional Paid in Capital              
Business Combination [Line Items]              
Business Combination, Consideration Transferred, Equity Interest 64,000            
ZT Systems | Fair Value, Inputs, Level 3              
Business Combination [Line Items]              
Change in fair value of contingent consideration   13,000 $ 59,000        
Business Combination, Contingent Consideration, Liability $ 111,000 $ 183,000 $ 170,000   183,000   $ 0
ZT Systems | Business Combination, Pro Forma Information, Nonrecurring Adjustment, Acquisition-Related Cost              
Business Combination [Line Items]              
Acquisition, integration and others         $ 137,000    
[1]     Equity issued to selling shareholder includes $64 million that represents Additional Paid-in Capital.
v3.26.1
BUSINESS COMBINATION- Intangible Assets (Details) - ZT Systems
$ in Thousands
Oct. 27, 2025
USD ($)
Intangible Asset, Finite-Lived, Acquired [Line Items]  
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived $ 49,000
Trademarks and Trade Names  
Intangible Asset, Finite-Lived, Acquired [Line Items]  
Intangible Asset, Finite-Lived, Acquired, Weighted-Average Amortization Period 1 year
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived $ 4,000
Customer Relationships  
Intangible Asset, Finite-Lived, Acquired [Line Items]  
Intangible Asset, Finite-Lived, Acquired, Weighted-Average Amortization Period 10 years
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived $ 33,000
Software, Internally Developed  
Intangible Asset, Finite-Lived, Acquired [Line Items]  
Intangible Asset, Finite-Lived, Acquired, Weighted-Average Amortization Period 5 years
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived $ 12,000
v3.26.1
BUSINESS COMBINATION - Pro Forma (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Business Combination, Pro Forma Information [Line Items]        
Amortization of inventory fair value adjustment $ 0 $ 0 $ 49,000 $ 0
Acquisition, integration and others 21,075 7,080 137,022 7,080
ZT Systems        
Business Combination, Pro Forma Information [Line Items]        
Net sales   4,896,391 11,201,425 15,152,708
Net income attributable to common shareholders   181,454 274,447 943,905
Acquisition, integration and others $ 21,000 $ 7,000 137,000 $ 7,000
ZT Systems | Business Combination, Pro Forma Information, Nonrecurring Adjustment, Acquisition-Related Cost        
Business Combination, Pro Forma Information [Line Items]        
Amortization of inventory fair value adjustment     49,000  
Acquisition, integration and others     $ 137,000