Sanmina (SANM) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $2.78 per share. This compares to earnings of $1.53 per share a year ago.
SANM is expected to post stronger fiscal Q3 results as AI-driven demand and production ramps lift revenues despite pricing and macro headwinds.
Sanmina (SANM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sanmina is rated buy with a $312 price target, driven by strong ZT Systems integration and accelerating AI infrastructure demand. Q2 FY26 revenue surged 102% YoY to $4.01B, with ZT Systems contributing $1.88B and future growth underpinned by next-gen product ramps. SANM's strategic focus on vertical integration, customer diversification, and U.S. manufacturing positions it for margin expansion and de-risked FY27 revenue.
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Does Sanmina (SANM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Sanmina Corporation SANM reported a non-GAAP operating profit of $257 million in the second quarter of 2026, up from $111 million a year ago. Non-GAAP operating margin improved to 6.4% from 5.6%.
Sanmina is rated buy, driven by the transformative ZT Systems acquisition, which doubled revenue and improved profitability from day one. ZT's AMD-based server platforms position SANM at the center of hyperscaler AI infrastructure spend, with a major Nvidia-driven revenue catalyst expected this September. SANM trades discounted to EMS peers on EV/NTM revenue, with 14% base case upside and up to 45% in the bull scenario if Nvidia ramps as planned.
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SANM boosts its healthcare footprint with advanced manufacturing and engineering for med-device makers across areas such as diagnostics and patient monitoring.
SANM's 200.5% surge leans on vertical integration, 42Q connected manufacturing and the ZT Systems deal.
Sanmina (SANM) reported earnings 30 days ago. What's next for the stock?