Sanmina Q3 Revenue Hits $3.46B, EPS Beats, Outlook Raised
SANM has more than doubled off its 52-week low of $95.49.
Summary
Sanmina reported Q3 fiscal 2026 revenue of $3.46B and non-GAAP EPS of $3.31, both above guidance, and raised its full-year outlook. Gross margin improved, and the company authorized a new $600M share repurchase program.
Key Events · Earnings and Guidance · SANM
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Q3 Revenue and EPS Beat
Revenue of $3.46B came in at the high end of the outlook, and non-GAAP EPS of $3.31 exceeded guidance, driven by the ZT Systems acquisition and cloud infrastructure demand.
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Full-Year Outlook Raised
Management raised its fiscal 2026 outlook, reflecting confidence in continued strong performance across its end markets.
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Gross Margin Expansion
Gross margin improved to 10.5% from 8.9% a year ago, benefiting from the ZT Systems acquisition and a favorable product mix shift.
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New $600M Buyback Authorization
The board authorized a new $600 million share repurchase program, adding a shareholder return catalyst alongside the strong operating results.
Analysis · SANM · Manufacturing
Sanmina delivered a strong quarter, with revenue at the high end of its outlook and non-GAAP EPS of $3.31 exceeding guidance. The company raised its full-year fiscal 2026 outlook, signaling confidence in continued momentum. Gross margin expanded to 10.5%, driven by the ZT Systems acquisition and favorable product mix. The balance sheet shows $1.84B in cash against $2.17B in debt, reflecting the acquisition financing. A new $600M buyback authorization adds a shareholder return element. The results and guidance raise are the primary market-moving events.
At the time of this filing, SANM was trading at $201.05 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.