Sanmina (NASDAQ:SANM) Shares Gap Up on Earnings Beat

Shares of Sanmina Corporation (NASDAQ:SANM) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $188.08, but opened at $204.98. Sanmina shares last traded at $214.3610, with a volume of 906,641 shares changing hands.

The electronics maker reported $3.16 EPS for the quarter, beating the consensus estimate of $2.42 by $0.74. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.30 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm’s revenue was up 102.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS.

Key Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Sanmina reported stronger-than-expected Q2 results: non‑GAAP EPS $3.16 vs. $2.42 consensus and revenue $4.01B (up 102% YoY), showing large demand recovery and scale. Zacks: Sanmina Tops Q2 Estimates
• Positive Sentiment: Management raised guidance: FY2026 EPS view 10.75–11.35 (vs. ~9.75 consensus) and Q3 EPS 2.55–2.85 (above street). Upward guidance signals sustained margin and revenue strength. PR Newswire: Q2 Results & Guidance
• Positive Sentiment: Board approved a $600 million share‑repurchase program and the company reported strong cash (operating cash flow and ~$1.58B cash balance), giving flexibility to return capital and support EPS. PR Newswire: Buyback & Cash
• Neutral Sentiment: Full earnings/management commentary is available in call transcripts for investors who want detail on product mix, supply chain and customer pacing. Seeking Alpha: Q2 Call Transcript
• Negative Sentiment: A Seeking Alpha write‑up noted a rating downgrade even as it acknowledges growth potential — this can pressure sentiment and trigger profit‑taking after a big rally. Seeking Alpha: Rating Downgrade
• Negative Sentiment: Some data outlets flagged GAAP diluted EPS (reported $1.70) that can differ from non‑GAAP metrics and came in below certain third‑party estimates; Quiver also highlights recent insider selling and a rise in reported liabilities — both can temper enthusiasm. QuiverQuant: Mixed GAAP Metrics & Insider Activity

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Sanmina

In other Sanmina news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the sale, the director directly owned 6,340 shares of the company’s stock, valued at $1,029,045.40. The trade was a 13.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jonathan P. Faust sold 10,075 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the sale, the chief financial officer directly owned 87,076 shares of the company’s stock, valued at approximately $13,871,206.80. This trade represents a 10.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,599 shares of company stock valued at $2,290,728 in the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Several large investors have recently added to or reduced their stakes in SANM. Invesco Ltd. boosted its position in Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares during the period. Norges Bank purchased a new stake in shares of Sanmina in the 4th quarter worth approximately $101,751,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Sanmina in the 3rd quarter worth approximately $61,946,000. Fisher Asset Management LLC lifted its position in shares of Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after purchasing an additional 483,312 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Sanmina by 520.3% in the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock worth $64,308,000 after purchasing an additional 359,441 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

The firm’s 50-day moving average price is $143.93 and its two-hundred day moving average price is $149.94. The stock has a market cap of $11.39 billion, a PE ratio of 50.78, a PEG ratio of 0.85 and a beta of 1.05. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75.

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.