STOCKHOLDERS' EQUITY |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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:
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.
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