Sanmina partners with AMD for AI server system development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2026
0mins
Source: seekingalpha
Sanmina Corp's stock rose by 5.02% as it reached a 5-day high amid positive market conditions. The increase is linked to AMD's announcement of a $10 billion investment in Taiwan's semiconductor and AI ecosystem, which includes a partnership with Sanmina for the development of the Helios AI server system. This collaboration is expected to enhance the speed and efficiency of AI system deployment, positioning Sanmina favorably in the growing AI infrastructure market.
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Analyst Views on SANM
Wall Street analysts forecast SANM stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 263.230
Low
180.00
Averages
180.00
High
180.00
Current: 263.230
Low
180.00
Averages
180.00
High
180.00
About SANM
Sanmina Corporation is a global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It provides end-to-end manufacturing solutions, delivering support to original equipment manufacturers in the industrial and energy, medical, defense and aerospace, automotive and transportation, communications networks and cloud and artificial intelligence infrastructure industries. Its operations are managed in two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS segment consists of printed circuit board assembly and test, high-level assembly and test and direct-order-fulfillment. CPS includes advanced printed circuit boards, backplanes and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts and plastic injected molded parts. Its products include optical, radio frequency and microelectronic design and manufacturing services, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AMD to Invest Over $10 Billion in Taiwan's Semiconductor and AI Ecosystem
- Major Investment Initiative: AMD has announced an investment of over $10 billion in Taiwan's semiconductor and AI ecosystem to enhance chip production and performance, thereby solidifying its position in the global semiconductor market.
- Strategic Partnerships: AMD will collaborate with Taiwan-based companies ASE and SPIL to focus on advancements in chip packaging and manufacturing technologies, which will improve the performance and efficiency of next-generation AI infrastructure.
- AI Infrastructure Demand: With ongoing heavy investments in AI infrastructure, AMD's stock has doubled this year, indicating strong momentum in its competitive stance against Nvidia, which is expected to further drive market share growth.
- Helios Server System: AMD plans to launch its Helios AI server system in the second half of 2026, with partners including Sanmina, Wiwynn, Wistron, and Inventec, aiming to enhance the speed and efficiency of AI system deployment through technological innovations.
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- Investor Confidence Boost: Since the earnings report on March 5, Marvell's stock has surged approximately 117% from a recent low, reflecting investor confidence in the accelerated buildout of data centers, particularly in AI applications.
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- Significant Revenue Growth: The company's revenue increased by 102.5% compared to the prior year, highlighting its robust performance in tech manufacturing, particularly with ZT Systems sales significantly exceeding expectations, reflecting sustained strong demand in data centers.
- Strong Stock Performance: Sanmina's stock surged 16.2% this week, with its share price up approximately 49% since the beginning of 2026, which not only reflects positive market reaction to its earnings but also boosts investor confidence in its future growth potential.
- Optimistic Outlook: The company projects full-year sales between $13.7 billion and $14.3 billion, exceeding the average analyst estimate of $13.72 billion, while adjusted earnings per share guidance ranges from $10.75 to $11.35, demonstrating strong confidence in future performance.
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- Significant Revenue Growth: The company's revenue increased by 102.5% compared to the prior year, highlighting its robust performance in the tech manufacturing sector, particularly with ZT Systems sales exceeding expectations, reflecting sustained strong demand in data centers.
- Optimistic Full-Year Guidance: Sanmina projects full-year sales between $13.7 billion and $14.3 billion, exceeding the average analyst estimate of $13.72 billion, while adjusted earnings guidance of $10.75 to $11.35 far exceeds the market's expectation of $10.02, showcasing management's confidence in future performance.
- Strong Market Performance: This week, Sanmina's stock surged 16.2%, while the S&P 500 and Nasdaq Composite rose by 0.9% and 1.1%, respectively, indicating positive investor sentiment regarding the company's growth potential.
See More
Sanmina's Q2 Earnings Exceed Expectations Significantly
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- Remarkable Sales Growth: The quarter saw a 102.5% year-over-year sales increase, surpassing analyst expectations by approximately $740 million, reflecting the company's strong performance in the electronics sector and further solidifying its market position.
- Stock Surge: Despite a 0.6% decline in the S&P 500 and a 0.9% drop in the Nasdaq Composite, Sanmina's stock soared by 15.6%, indicating strong investor confidence and market reaction to the company's performance.
- Future Outlook: Although Sanmina's guidance for the next quarter is between $3.2 billion and $3.5 billion, below analyst expectations, the strong performance in Q2 has led to sustained market confidence, suggesting minimal short-term impact.
See More
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- Chip Stocks Decline: Following the OpenAI news, Nvidia and AMD saw declines of over 3% and 4%, respectively, while Arm Holdings plummeted more than 8%, indicating a waning market confidence in AI infrastructure.
- Centene Guidance Raise: Centene's shares surged 12% after it raised its full-year adjusted EPS guidance to over $3.40, surpassing the market consensus of $3.02, reflecting strong performance in the health insurance sector.
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- Major Investment Initiative: AMD has announced an investment of over $10 billion in Taiwan's semiconductor and AI ecosystem to enhance chip production and performance, thereby solidifying its position in the global semiconductor market.
- Strategic Partnerships: AMD will collaborate with Taiwan-based companies ASE and SPIL to focus on advancements in chip packaging and manufacturing technologies, which will improve the performance and efficiency of next-generation AI infrastructure.
- AI Infrastructure Demand: With ongoing heavy investments in AI infrastructure, AMD's stock has doubled this year, indicating strong momentum in its competitive stance against Nvidia, which is expected to further drive market share growth.
- Helios Server System: AMD plans to launch its Helios AI server system in the second half of 2026, with partners including Sanmina, Wiwynn, Wistron, and Inventec, aiming to enhance the speed and efficiency of AI system deployment through technological innovations.
See More
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- Stock Price Increase: Marvell Technology's stock rose 1.6% in overnight trading, primarily due to chip giant AMD disclosing a strategic stake of 65,516 million shares, which increased in value from $6.5 million to $10.8 million, indicating sustained market interest in AI infrastructure.
- Investor Confidence Boost: Since the earnings report on March 5, Marvell's stock has surged approximately 117% from a recent low, reflecting investor confidence in the accelerated buildout of data centers, particularly in AI applications.
- Collaboration Prospects: Recent reports suggest Google is in talks with Marvell to co-develop new AI chips, further enhancing market expectations for Marvell, while analysts are continuously raising price targets, indicating its strengthening position in the hyperscaler data center market.
- Market Sentiment Shift: Although retail sentiment on Stocktwits remains 'bearish' for MRVL, users express positive views on AMD's stake acquisition, reflecting market anticipation for collaboration between the two companies, despite AMD's sentiment turning 'bearish' due to inflation data.
See More
Sanmina Surges 16.2% After Strong Q2 Earnings Beat Expectations
- Earnings Beat: Sanmina reported non-GAAP earnings per share of $3.16 in fiscal Q2, with sales reaching $4.01 billion, surpassing analyst expectations by $0.76 and exceeding sales forecasts by $740 million, indicating strong profitability and market demand.
- Significant Revenue Growth: The company's revenue increased by 102.5% compared to the prior year, highlighting its robust performance in tech manufacturing, particularly with ZT Systems sales significantly exceeding expectations, reflecting sustained strong demand in data centers.
- Strong Stock Performance: Sanmina's stock surged 16.2% this week, with its share price up approximately 49% since the beginning of 2026, which not only reflects positive market reaction to its earnings but also boosts investor confidence in its future growth potential.
- Optimistic Outlook: The company projects full-year sales between $13.7 billion and $14.3 billion, exceeding the average analyst estimate of $13.72 billion, while adjusted earnings per share guidance ranges from $10.75 to $11.35, demonstrating strong confidence in future performance.
See More
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- Earnings Beat: Sanmina reported adjusted earnings per share of $3.16 for fiscal Q2, with sales reaching $4.01 billion, surpassing analyst expectations by $0.76 and exceeding sales forecasts by $740 million, indicating strong profitability and market demand.
- Significant Revenue Growth: The company's revenue increased by 102.5% compared to the prior year, highlighting its robust performance in the tech manufacturing sector, particularly with ZT Systems sales exceeding expectations, reflecting sustained strong demand in data centers.
- Optimistic Full-Year Guidance: Sanmina projects full-year sales between $13.7 billion and $14.3 billion, exceeding the average analyst estimate of $13.72 billion, while adjusted earnings guidance of $10.75 to $11.35 far exceeds the market's expectation of $10.02, showcasing management's confidence in future performance.
- Strong Market Performance: This week, Sanmina's stock surged 16.2%, while the S&P 500 and Nasdaq Composite rose by 0.9% and 1.1%, respectively, indicating positive investor sentiment regarding the company's growth potential.
See More
Sanmina's Q2 Earnings Exceed Expectations Significantly
- Strong Performance: Sanmina reported adjusted earnings per share of $3.16 and sales of $4.01 billion for Q2 of fiscal 2026, significantly exceeding Wall Street expectations, showcasing the company's robust profitability and market demand.
- Remarkable Sales Growth: The quarter saw a 102.5% year-over-year sales increase, surpassing analyst expectations by approximately $740 million, reflecting the company's strong performance in the electronics sector and further solidifying its market position.
- Stock Surge: Despite a 0.6% decline in the S&P 500 and a 0.9% drop in the Nasdaq Composite, Sanmina's stock soared by 15.6%, indicating strong investor confidence and market reaction to the company's performance.
- Future Outlook: Although Sanmina's guidance for the next quarter is between $3.2 billion and $3.5 billion, below analyst expectations, the strong performance in Q2 has led to sustained market confidence, suggesting minimal short-term impact.
See More
Tech Stocks Decline Following OpenAI Misses
- Oracle Stock Drop: Oracle's shares fell over 3% after OpenAI missed its user and revenue targets, raising concerns about the sustainability of AI spending and impacting its $300 billion five-year partnership with OpenAI.
- Chip Stocks Decline: Following the OpenAI news, Nvidia and AMD saw declines of over 3% and 4%, respectively, while Arm Holdings plummeted more than 8%, indicating a waning market confidence in AI infrastructure.
- Centene Guidance Raise: Centene's shares surged 12% after it raised its full-year adjusted EPS guidance to over $3.40, surpassing the market consensus of $3.02, reflecting strong performance in the health insurance sector.
- Erasca Stock Plunge: Erasca's stock cratered nearly 50% after reporting a patient death in an early-stage trial, despite analysts viewing the incident as isolated, highlighting investor sensitivity to risks in the biotech sector.
See More
