Sanmina (SANM) Q1 2026 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy SANM?
Source: NASDAQ.COM
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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: 215.460
Low
180.00
Averages
180.00
High
180.00
Current: 215.460
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.
SANMINA STOCK RISES 15.9% IN PREMARKET TRADING FOLLOWING STRONG Q2 REVENUE RESULTS
- Company Performance: Sanmina reported a 15.9% increase in pre-market trading following a revenue beat in Q2.
- Market Reaction: The positive earnings report has led to a favorable response from investors, boosting the company's stock price.
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
Mixed Earnings Reports from Major Companies
- General Motors Beats Expectations: General Motors reported adjusted earnings of $3.70 per share for Q1, significantly above the $2.62 expected by analysts, and raised its 2026 guidance, resulting in a stock price increase of over 5%.
- Coca-Cola's Strong Earnings: Coca-Cola's quarterly earnings of 86 cents per share and revenue of $12.47 billion exceeded analyst expectations, leading to a 2% stock price increase, indicating robust market demand and brand strength.
- Spotify's Weak Guidance: Spotify's first-quarter operating income guidance fell short of expectations, causing its stock to drop nearly 12%, despite revenue meeting forecasts, reflecting market concerns about its future growth prospects.
- Bed Bath & Beyond Soars: The company reported Q1 revenue of $247.8 million, surpassing the $240.1 million expected by analysts, resulting in a 25% stock price surge, showcasing its potential recovery in a competitive retail environment.
See More
Sanmina (SANM) Q2 2026 Earnings Transcript
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Sanmina Corporation Reports Strong Q2 2026 Earnings with $4.01B Revenue
- Strong Financial Performance: Sanmina Corporation reported revenue of $4.01 billion for Q2, with a non-GAAP operating margin of 6.4% and non-GAAP diluted EPS of $3.16, showcasing robust performance amid strong market demand, which is expected to further bolster investor confidence.
- Solid Cash Flow: The company generated $399 million in operating cash flow, significantly up from the previous quarter, reflecting strong execution under accelerated compute demand while providing ample funding for future investments and shareholder returns.
- Shareholder Return Plan: The Board authorized an additional $600 million in share repurchases, indicating confidence in future performance and aiming to enhance EPS and shareholder value, which is likely to attract more investor interest.
- Optimistic Future Outlook: Management expects Q3 revenue between $3.2 billion and $3.5 billion, with full-year revenue targets of $13.7 billion to $14.3 billion, demonstrating confidence in future growth driven by the launch of next-generation platforms and market demand.
See More
SANMINA STOCK RISES 15.9% IN PREMARKET TRADING FOLLOWING STRONG Q2 REVENUE RESULTS
- Company Performance: Sanmina reported a 15.9% increase in pre-market trading following a revenue beat in Q2.
- Market Reaction: The positive earnings report has led to a favorable response from investors, boosting the company's stock price.
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
Mixed Earnings Reports from Major Companies
- General Motors Beats Expectations: General Motors reported adjusted earnings of $3.70 per share for Q1, significantly above the $2.62 expected by analysts, and raised its 2026 guidance, resulting in a stock price increase of over 5%.
- Coca-Cola's Strong Earnings: Coca-Cola's quarterly earnings of 86 cents per share and revenue of $12.47 billion exceeded analyst expectations, leading to a 2% stock price increase, indicating robust market demand and brand strength.
- Spotify's Weak Guidance: Spotify's first-quarter operating income guidance fell short of expectations, causing its stock to drop nearly 12%, despite revenue meeting forecasts, reflecting market concerns about its future growth prospects.
- Bed Bath & Beyond Soars: The company reported Q1 revenue of $247.8 million, surpassing the $240.1 million expected by analysts, resulting in a 25% stock price surge, showcasing its potential recovery in a competitive retail environment.
See More
Sanmina (SANM) Q2 2026 Earnings Transcript
See More
Sanmina Corporation Reports Strong Q2 2026 Earnings with $4.01B Revenue
- Strong Financial Performance: Sanmina Corporation reported revenue of $4.01 billion for Q2, with a non-GAAP operating margin of 6.4% and non-GAAP diluted EPS of $3.16, showcasing robust performance amid strong market demand, which is expected to further bolster investor confidence.
- Solid Cash Flow: The company generated $399 million in operating cash flow, significantly up from the previous quarter, reflecting strong execution under accelerated compute demand while providing ample funding for future investments and shareholder returns.
- Shareholder Return Plan: The Board authorized an additional $600 million in share repurchases, indicating confidence in future performance and aiming to enhance EPS and shareholder value, which is likely to attract more investor interest.
- Optimistic Future Outlook: Management expects Q3 revenue between $3.2 billion and $3.5 billion, with full-year revenue targets of $13.7 billion to $14.3 billion, demonstrating confidence in future growth driven by the launch of next-generation platforms and market demand.
See More
