Industry: Electronic Instruments Controls
Fortune Rank: 405
SANM provides customized integrated electronic manufacturing services, including turnkey electronic assembly and manufacturing management services to original equipment manufacturers. For the 9 months ended 7/2/05, revenues rose 1% to $8.97B. Net loss totaled $1.01B, up from $16.7M. Revenues reflect positive growth in most of the Company's end markets. Net loss reflects the inclusion of a $600M impairment of goodwill charge.
Sanmina-SCI Corporation is an independent global provider of customized, integrated electronics manufacturing services (EMS). The Company provides these comprehensive services primarily to original equipment manufacturers (OEMs), in the communications, personal and business computing, enterprise computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical and automotive industries. The Company's volume manufacturing services are vertically integrated, allowing it to manufacture key system components and subassemblies for the customers. System components and subassemblies that the Company manufactures include volume and high-end printed circuit boards, printed circuit board assemblies, backplanes and backplane assemblies, enclosures, cable assemblies, precision machine components, optical modules and memory modules.
Sanmina-SCI Corporation achieved revenue of $5,177.50 million in 2010 but posted a loss of $-136.20 million.
Sanmina-SCI Corporation's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 292nd on the Fortune 500. The Previous ranking was based on its 2009 revenue of $9,005 million (a change of -4 million compared to 2010) and profits of $-486 million (a change of 350 million compared to 2010).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Sanmina-SCI Corporation would be ranked 426th rather than 405th due to the fact it made a loss of $-136 million in 2010.
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