Sanmina Beats Q3 Estimates, Raises Full-Year Outlook on Strong Demand
SANM has more than doubled off its 52-week low of $95.49.
Summary
Sanmina delivered Q3 revenue of $3.46B, at the high end of its outlook, with non-GAAP EPS of $3.31 exceeding guidance. The company raised its full-year FY2026 revenue guidance to $14.0B-$14.3B and non-GAAP EPS to $11.90-$12.20, up from $10.75-$11.35. CEO Jure Sola cited strong order momentum in both core Sanmina and ZT Systems, with demand accelerating into FY2027 and FY2028. This follows the $600M buyback authorization and CEO stock sales in May, but the raised guidance signals confidence in sustained growth. The Q4 outlook implies continued strength, with revenue of $3.3B-$3.6B and non-GAAP EPS of $3.05-$3.35.
At the time of this announcement, SANM was trading at $208.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $95.49 to $288.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.