Sanmina (NASDAQ:SANM) Updates Q2 2026 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 2.250-2.550 for the period, compared to the consensus earnings per share 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 analysts have recently issued reports on SANM shares. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sanmina has a consensus rating of “Hold” and an average price target of $120.00.

Sanmina Stock Performance

Shares of SANM stock opened at $182.54 on Tuesday. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29. The stock’s 50-day moving average is $159.22 and its two-hundred day moving average is $136.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. The firm has a market cap of $9.96 billion, a P/E ratio of 40.93, a PEG ratio of 0.86 and a beta of 1.05.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a return on equity of 11.59% and a net margin of 3.03%.The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Analysts predict that Sanmina will post 5.15 earnings per share for the current fiscal year.

Insider Activity at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the transaction, the insider owned 23,500 shares in the company, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is currently owned by company insiders.

Trending Headlines about Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Management set an ambitious long‑term growth target — a $16 billion revenue goal for 2027 driven by AI infrastructure demand and the integration of ZT Systems, which supports a multi‑year revenue runway and justifies a premium multiple. Sanmina targets $16B revenue in 2027 with AI-driven growth and ZT Systems integration
• Positive Sentiment: Industry coverage highlights a surge in revenue tied to AI infrastructure expansion — evidence that secular AI demand is lifting current sales and could sustain higher utilization and margins. Sanmina reports surge in revenue driven by AI infrastructure expansion
• Positive Sentiment: Q1 results materially beat estimates: Non‑GAAP EPS of $2.38 and revenue of $3.19B (up ~59% YoY), showing strong execution and validating near‑term demand strength. These beats underpin the bullish narrative despite mixed guidance. Sanmina Reports First Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Management commentary and the earnings slide deck provide more color on product mix, supply chain, and AI server demand — useful for modeling revenue cadence and margin progression but not immediately price‑moving by itself. Sanmina Corporation (SANM) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Near‑term revenue guidance disappointed: Q2 revenue was guided to $3.1B–$3.4B versus consensus near $3.5B, which triggered an initial share selloff as investors worried about quarter‑to‑quarter softening despite EPS guidance that was raised. Sanmina shares tumble as revenue guidance falls short of expectations

Institutional Trading of Sanmina

Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Sanmina in the 3rd quarter worth $26,000. Danske Bank A S bought a new stake in Sanmina during the third quarter valued at about $69,000. EverSource Wealth Advisors LLC grew its position in shares of Sanmina by 86.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,227 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 570 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Sanmina in the third quarter worth about $200,000. Finally, Abel Hall LLC bought a new position in shares of Sanmina in the third quarter worth about $201,000. 92.71% of the stock is 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.