Sanmina (NASDAQ:SANM) Announces Earnings Results

Sanmina (NASDAQ:SANM) posted its quarterly earnings data on Monday. The electronics maker reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $996.58, Zacks reports. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. Sanmina updated its Q3 2026 guidance to 2.550-2.850 EPS.

Sanmina Stock Down 2.1%

Sanmina stock traded down $4.13 during midday trading on Monday, hitting $188.03. 1,362,008 shares of the company’s stock were exchanged, compared to its average volume of 790,197. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70. Sanmina has a 12 month low of $74.90 and a 12 month high of $197.63. The firm has a 50-day moving average of $143.09 and a two-hundred day moving average of $149.53. The company has a market cap of $10.27 billion, a PE ratio of 44.88, a P/E/G ratio of 0.85 and a beta of 1.05.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings cut shares of Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Finally, Argus upped their price target on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $150.00.

Insiders Place Their Bets

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,500 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the transaction, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the transaction, the chief financial officer owned 87,076 shares in the company, valued at approximately $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,599 shares of company stock worth $2,290,728 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi bought a new position in Sanmina during the 1st quarter worth about $391,000. Headlands Technologies LLC bought a new position in Sanmina during the 4th quarter worth about $338,000. Fox Run Management L.L.C. bought a new position in Sanmina during the 4th quarter worth about $334,000. Polymer Capital Management US LLC bought a new position in Sanmina during the 4th quarter worth about $304,000. Finally, United Services Automobile Association purchased a new stake in shares of Sanmina during the first quarter valued at about $256,000. 92.71% of the stock is currently owned by institutional investors.

About Sanmina

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.