Sanmina (NASDAQ:SANM) Issues Q2 2026 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 2.250-2.550 for the period, compared to the consensus estimate of 2.190. The company issued revenue guidance of $3.1 billion-$3.4 billion, compared to the consensus revenue estimate of $3.5 billion.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.00.

Sanmina Stock Down 21.6%

SANM stock opened at $143.19 on Wednesday. The company’s 50 day moving average is $158.96 and its 200 day moving average is $136.59. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Sanmina has a 1-year low of $63.67 and a 1-year high of $185.29.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.32%. The business’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Sell-side analysts predict that Sanmina will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,506,670. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.22% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Reported Q1 beat on both EPS and revenue — non‑GAAP EPS $2.38 vs. ~$2.15 consensus and revenue $3.19B (+59% YoY), showing healthy top‑line growth and improved cash flow. Sanmina Reports First Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management highlighted AI infrastructure expansion and the ZT Systems integration as drivers, and set an ambitious growth target (roughly $16B revenue goal for 2027), supporting a multi‑year growth story. Sanmina targets $16B revenue in 2027 with AI-driven growth and ZT Systems integration
• Positive Sentiment: Q2 EPS guidance was raised to $2.25–$2.55, above consensus (~$2.19), which signals continued profitability strength even as revenue uncertainty remains. Earnings Presentation / Guidance
• Neutral Sentiment: Earnings call and full transcript provide management color on product mix, AI capacity ramp, and working capital improvements — useful for modeling but not new headline news. Sanmina Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue guidance for Q2 of $3.1B–$3.4B missed the Street (~$3.5B), and investors punished the stock because the top‑line outlook undercut the strong quarter’s momentum. Sanmina’s (NASDAQ:SANM) Q4 CY2025 Sales Beat Estimates But Stock Drops
• Negative Sentiment: Analyst/commentary pieces argue the stock had run up significantly and was vulnerable to a guidance miss; several stories link the guidance shortfall to the sharp intraday sell‑off. Why Sanmina Stock Plummeted by Almost 22% Today
• Negative Sentiment: Market commentary questions valuation after the multi‑year rally, increasing sensitivity to any execution or guidance misses. Has Sanmina (SANM) Run Too Far After Its Strong Multi Year Share Price Rally

Institutional Trading of Sanmina

Hedge funds have recently bought and sold shares of the company. Shelton Capital Management purchased a new position in Sanmina in the 3rd quarter worth $224,000. Virtu Financial LLC bought a new position in Sanmina during the 3rd quarter worth approximately $313,000. Blair William & Co. IL purchased a new position in Sanmina in the 3rd quarter worth approximately $348,000. Corient Private Wealth LLC lifted its position in Sanmina by 40.0% in the second quarter. Corient Private Wealth LLC now owns 3,844 shares of the electronics maker’s stock valued at $376,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Man Group plc bought a new stake in Sanmina in the second quarter valued at approximately $254,000. Institutional investors own 92.71% of the company’s stock.

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.