Sanmina (NASDAQ:SANM) Shares Gap Down – Should You Sell?

Sanmina Corporation (NASDAQ:SANM) gapped down prior to trading on Tuesday . The stock had previously closed at $182.54, but opened at $156.97. Sanmina shares last traded at $152.3890, with a volume of 1,009,383 shares trading hands.

Sanmina News Roundup

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Q1 results beat expectations — Sanmina reported revenue of $3.19B (up ~59% YoY) and non‑GAAP EPS of $2.38, topping consensus estimates, with improving cash flow and margin commentary. Sanmina Reports First Quarter Fiscal 2026 Financial Results
• Positive Sentiment: AI infrastructure is driving backlog and revenue growth — company commentary and analyst writeups point to meaningful demand from AI server and infrastructure customers, supporting a multi‑year growth runway. Sanmina reports surge in revenue driven by AI infrastructure expansion
• Positive Sentiment: Bigger medium‑term ambitions — management reiterated aggressive growth targets (aiming for ~$16B revenue by 2027) and highlighted the ZT Systems integration as a strategic accelerator. Sanmina targets $16B revenue in 2027
• Neutral Sentiment: Q2 EPS guidance was raised above consensus (EPS 2.25–2.55 vs. street ~2.19), which supports profitability outlook but depends on revenue execution. Sanmina Q1 Earnings Beat Estimates on Healthy Top-Line Growth
• Negative Sentiment: Q2 revenue guide missed analyst expectations — management set Q2 sales at $3.1–$3.4B versus consensus near $3.5B; the revenue shortfall was the primary driver of the stock decline. Sanmina shares tumble as revenue guidance falls short of expectations
• Negative Sentiment: Market reaction: heavy volume and a sizeable intraday sell‑off as investors focused on the near‑term revenue miss despite strong underlying demand signals. Sanmina Corp (SANM) Q1 2026 Earnings Call Highlights

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of recent research reports. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $120.00.

Sanmina Stock Performance

The stock has a 50 day moving average of $159.22 and a two-hundred day moving average of $136.31. The stock has a market capitalization of $8.00 billion, a PE ratio of 32.79, a P/E/G ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.09 billion. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The business’s revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Research analysts expect that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider owned 23,500 shares of the company’s stock, valued at $3,506,670. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.22% of the company’s stock.

Hedge Funds Weigh In On Sanmina

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of Sanmina by 42.4% in the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock valued at $122,452,000 after buying an additional 372,829 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Sanmina by 1.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 175,559 shares of the electronics maker’s stock valued at $17,175,000 after acquiring an additional 2,451 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Sanmina by 20.9% during the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after purchasing an additional 213,025 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Sanmina during the 3rd quarter worth approximately $1,472,000. Finally, Measured Wealth Private Client Group LLC lifted its holdings in shares of Sanmina by 60.3% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 5,466 shares of the electronics maker’s stock worth $535,000 after purchasing an additional 2,057 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.