Sanmina/$SANM

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About Sanmina

Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense, and aerospace end markets. The operations are managed as two businesses: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue mainly in the United States, China, and Mexico, but has a presence around the world.
Ticker
$SANM
Sector
Digital Hardware
Primary listing
NASDAQ
Employees
35,000

Sanmina Metrics

BasicAdvanced
$12B
39.68
$5.59
1.56
-

What the Analysts think about Sanmina

Analyst ratings (Buy, Hold, Sell) for Sanmina stock.
Analyst projections of the future price of Sanmina stock.

Bulls say / Bears say

Sanmina beat its third-quarter outlook, with $3.46 billion of revenue, an 8.0% non-GAAP operating margin and $3.31 of non-GAAP EPS. It raised its fiscal 2026 revenue, margin and EPS guidance, pointing to stronger near-term execution. (Sanmina, Sanmina)
Cloud and AI infrastructure revenue reached $2.15 billion in the third quarter, up 173.2% year on year and representing 62% of sales. Sanmina also reported additional accelerated-compute orders and remains confident in exceeding $16 billion of revenue in fiscal 2027 as newer programmes ramp. (Sanmina, Exa)
The investment case is not solely dependent on the new AI business: core Sanmina revenue grew 17% in the third quarter, while industrial, energy, medical, defence, aerospace, automotive and transport revenue rose 4.8%. Bookings were strong, with a book-to-bill ratio above 1.1, suggesting continuing demand across the wider portfolio. (Exa, Sanmina)
ZT Systems revenue is facing timing volatility: Sanmina’s fourth-quarter range was below the prior implied outlook because of legacy programme timing, while the next-generation accelerated-compute programme is not expected to contribute until fiscal 2027. That makes the near-term growth profile less predictable than the headline AI demand suggests. (MarketBeat, Sanmina)
Component availability is a practical constraint: management said shortages of memory and custom ASICs had already limited what Sanmina could ship and could continue into fiscal 2027. Further shortages could delay AI ramps, increase working-capital needs and reduce cash conversion. (Exa, MarketBeat)
Sanmina warns that it relies on a limited number of customers for a substantial share of sales, which leaves revenue exposed to changes in a few customers’ spending plans. This is especially important as cloud and AI infrastructure becomes a larger part of the business. (Sanmina, Sanmina)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.

Sanmina Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Sanmina Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Sanmina

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