Sanmina (NASDAQ:SANM) Updates Q3 2026 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its third quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 2.550-2.850 for the period, compared to the consensus earnings per share estimate of 2.470. The company issued revenue guidance of $3.2 billion-$3.5 billion, compared to the consensus revenue estimate of $3.5 billion. Sanmina also updated its FY 2026 guidance to 10.750-11.350 EPS.

Sanmina Trading Up 14.6%

Sanmina stock opened at $215.46 on Wednesday. The firm has a market cap of $11.77 billion, a PE ratio of 45.55, a P/E/G ratio of 0.83 and a beta of 1.05. Sanmina has a 12 month low of $74.90 and a 12 month high of $230.56. The stock’s 50 day simple moving average is $145.31 and its two-hundred day simple moving average is $150.59. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.31%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period in the previous year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Analysts anticipate that Sanmina will post 8.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Sanmina news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the sale, the director directly owned 6,340 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the transaction, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,599 shares of company stock worth $2,290,728. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 219 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Sanmina by 235.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 259 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Sanmina in the 4th quarter worth approximately $60,000. Finally, Danske Bank A S acquired a new position in shares of Sanmina during the 3rd quarter worth approximately $69,000. 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.