Third Quarter Fiscal 2009 Highlights

-- Revenue of $1.21 billion, in line with outlook of $1.175 - $1.250

billion

-- GAAP gross margin of 6.3 percent, 60 basis point improvement Q/ Q

-- Non-GAAP gross margin of 6.4 percent, 50 basis point improvement Q/Q

-- Cash flow from operations was $65.3 million

-- Ending cash balance of $877.6 million, up sequentially

-- Continued to reduce inventory

-- Cash cycle improved 4.8 days

Revenue for the third quarter was in line with outlook at $1.21 billion, compared to $1.20 billion in the prior quarter ended March 28, 2009.

GAAP Financial Results( )

GAAP net loss in the third quarter was $41.1 million, a diluted loss per share of 9 cents, compared to a net loss of $37.5 million and a diluted loss per share of 7 cents in the prior quarter.

Non-GAAP Financial Results (2)

Non-GAAP gross profit in the third quarter was at the high end of outlook at $77.1 million, or 6.4 percent of revenue, up 50 basis points, compared to gross profit of $70.6 million, or 5.9 percent of revenue in the second quarter. Non-GAAP operating income was $17.1 million, or 1.4 percent of revenue, up 40 basis points in the quarter compared to $11.4 million, or 1 percent of revenue in the prior quarter.

Non-GAAP net loss in the third quarter was $10.9 million, a diluted loss per share of 2 cents, compared to a net loss of $30.9 million and 6 cents diluted loss per share in the prior quarter.

(In thousands, except per

share data)__ Q3:2009__ Q2:2009__ Q3:2008(1)

Revenue__ $1,209,150 $1,195,107__ $1,903,253

GAAP:

Net income (loss)__ ($41,126)__ ($37,538)__ $11,969

Earnings (loss) per share__ ($0.09)__ ($0.07)__ $0.02

Non-GAAP(*):

Gross profit__ $77,076__ $70,590__ $141,445

Gross margin__ 6.4%__ 5.9%__ 7.4%

Operating income__ $17,148__ $11,441__ $60,350

Operating margin__ 1.4%__ 1.0%__ 3.2%

Net income (loss)__ ($10,898)__ ($30,949)__ $26,009

Earnings (loss) per share__ ($0.02)__ ($0.06)__ $0.05

* Please refer to "Non-GAAP Financial Information" below for a discussion

of how the above non-GAAP financial measures are calculated and why we

believe this information is useful to investors. A reconciliation from

GAAP to non-GAAP results is contained in the financial statements

provided in this release and is available in the Investor Relations

section of our website at www.sanmina-sci.com.

"Although the difficult economy persists, we continue to see signs of stabilization across our customer base. I am pleased with the continued progress we've made which is reflected by increased margins, positive cash generation and improved working capital metrics. We have shifted our focus from a restructuring phase to one of growth and profitability and we are well positioned for when the market improves," stated Jure Sola, Chairman and Chief Executive Officer.

Fourth Quarter Fiscal 2009 Outlook

The following forecast for the fourth fiscal quarter ending October 3, 2009 has been calculated on a pre-reverse stock split basis. These statements are forward-looking and actual results may differ materially.

-- Revenue between $1.2 billion to $1.3 billion

-- Non-GAAP diluted loss per share between ($0.03) to ($0.01)

-- Positive cash flow from operations

Board Approves Reverse Stock Split

On July 20, 2009, the Board of Directors of the Company authorized a reverse split of its common stock at a ratio of one for six, effective August 14, 2009. The Company's stockholders previously approved the reverse split in September 2008. The reason to proceed with the reverse split is to broaden the range of institutions that can invest in the company's stock, increase analyst and broker interest, potentially reduce stock price volatility, reduce the number of outstanding shares and to reduce the risk of Nasdaq delisting.

As a result of the reverse split, every six shares of common stock outstanding will be combined into one share of common stock. The total number of shares of common stock outstanding will be reduced from approximately 472 million shares to approximately 78 million shares and the number of authorized shares of common stock will also be concurrently reduced on a proportional basis. The Company's common stock will begin trading on a split-adjusted basis on August 17, 2009 under the symbol "SANMD". After 20 trading days, the common stock will resume trading under "SANM".

(1) Basis of Presentation for Continuing Operations

The Company completed the sale of the assets of its personal computing business and associated logistics services in two transactions that closed on June 2, 2008 and July 7, 2008, respectively. The Company has reported this line of business as a discontinued operation in the financial statements that accompany this press release. Therefore, results for fiscal 2008 are based on continuing operations.

(2) Non-GAAP Financial Information

In the commentary set forth above and/or in the financial statements included in this earnings release, we present the following non-GAAP financial measures: revenue, gross profit, gross margin, operating income, operating margin, net income and earnings per share. In computing each of these non-GAAP financial measures, we exclude charges or gains relating to: stock-based compensation expenses, restructuring costs (including employee severance and benefits costs and charges related to excess facilities and assets), integration costs (consisting of costs associated with the integration of acquired businesses into our operations), impairment charges for goodwill and intangible assets, amortization expense and other infrequent or unusual items (including charges for customer bankruptcy reorganizations), to the extent material or which we consider to be of a non-operational nature in the applicable period. See Schedule 1 below for more information regarding our use of non- GAAP financial measures, including the economic substance behind each exclusion, the manner in which management uses non-GAAP measures to conduct and evaluate the business, the material limitations associated with using such measures and the manner in which management compensates for such limitations. A reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release and is also available on the Investor Relations section of our website at www.sanmina-sci.com. Sanmina-SCI provides fourth quarter outlook information only on a non-GAAP basis due to the inherent uncertainties associated with forecasting the timing and amount of restructuring, impairment and other unusual and infrequent items.

Company Conference Call Information

Sanmina-SCI will hold a conference call regarding this announcement on Wednesday, July 22, 2009 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 877-273-6760 and international 706-634-6605. The conference will be broadcast live over the Internet. You can log on to the live webcast at www.sanmina- sci.com. Additional information in the form of a slide presentation is available by logging onto Sanmina-SCI's website at www.sanmina- sci.com. A replay of today's conference call will be available for 48-hours. The access numbers are: domestic 800-642-1687 and international 706-645-9291, access code is 17884371.

About Sanmina-SCI

Sanmina-SCI Corporation is a leading electronics contract manufacturer serving leading segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, multimedia, enterprise computing and storage, and automotive technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at www.sanmina- sci.com.