Sanmina Surges 20% After-Hours as Q4 Earnings Beat Estimates, Fiscal Q1 Outlook Tops Expectations

Sanmina Corp (NASDAQ: SANM)  shares climbed 20.21% to $179.88 in after-hours trading Monday after the company reported fourth-quarter fiscal 2026 financial results, beating analyst estimates for revenue and adjusted earnings.

Sanmina is an integrated manufacturing solutions provider serving cloud and AI infrastructure, communications networks, industrial and energy, medical, defense and aerospace, and automotive markets.

Sanmina Reports Q4 FY2026 Results

Sanmina reported fourth-quarter revenue of $3.86 billion, compared with $2.10 billion in the year-ago quarter. Revenue exceeded the analyst consensus estimate of $3.48 billion, representing a 10.8% beat.

Non-GAAP diluted EPS came in at $4.43, compared with the analyst estimate of $3.19, beating expectations by 38.9%. GAAP diluted EPS was $2.14.

Non-GAAP operating margin was 9%, while GAAP operating margin was 6%.

For fiscal 2026, revenue reached $14.53 billion, up 79% year over year. Non-GAAP diluted EPS increased to $13.28 from $6.04 in fiscal 2025.

CEO Jure Sola said the company integrated ZT Systems during the year, strengthening its position in cloud and AI infrastructure. He also said Sanmina’s core business grew by double digits year over year.

Sanmina Provides FY2027 Outlook

For the first quarter of fiscal 2027, Sanmina expects revenue between $3.8 billion and $4.1 billion (midpoint at $3.95 billion), above the consensus of $3.56 billion. The company expects non-GAAP diluted EPS of $3.50 to $3.85 (midpoint at $3.675), which is above the analyst consensus estimate of $2.91.

For full-year fiscal 2027, the company expects revenue of $17.5 billion to $19.5 billion (midpoint at $18.5 billion), non-GAAP operating margin of 7% to 7.5%, and non-GAAP diluted EPS of $15.50 to $17.50.

At the midpoint of its annual outlook, Sanmina expects revenue growth of about 27% and non-GAAP diluted EPS growth of around 24%.

Trading Metrics, Technical Analysis

Sanmina has a market capitalization of approximately $8.02 billion.

Sanmina shares have traded between a 52-week high of $288.68 and a 52-week low of $118.10.

Benzinga Edge Stock Rankings indicate negative trends across all time frames.

Price Action: Sanmina shares rose 11.11% to close at $149.64 during Monday’s regular trading session.

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