Sanmina (SANM) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $1.44 per share a year ago.
SANM heads into Jan. 26 earnings after buying ZT Systems' data center business, boosting Cloud and AI scale as estimates stay steady.
SANM leverages its fiber expertise to deliver high-speed, scalable network solutions for telecom, data center, and enterprise markets.
SANM ramps up AI market presence with advanced servers, networking, and edge AI solutions to power next-gen workloads.
JBL and SANM are both riding AI and digital transformation tailwinds, but key differences in strategy and execution set them apart.
Upbeat earnings forecasts and tech-led growth are benefiting Sanmina, but supply woes and stiff competition cloud the outlook.
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SANM's push into 42Q connected manufacturing links 35K+ machines across 70 factories, aiming to boost speed, quality, and customer ties.
Sanmina Corporation (SANM) earns a Strong Buy rating due to its transformative pivot into AI and cloud infrastructure manufacturing. ZT Systems acquisition doubles SANM's revenue base, expands hyperscale customer exposure, and positions SANM as a key AI hardware supplier. Strategic partnership with AMD and integration into OpenAI's supply chain provide significant near-term growth catalysts for SANM.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.