Sanmina climbs after upbeat Q3 revenue forecast, Q2 beat

Sanmina

28/04/2026 13:01

** Shares of manufacturing solutions firm Sanmina Corp SANM.O jump 9.1% to $205.19 premarket

** Co sees Q3 revenue between $3.2 bln and $3.5 bln, above prior expectations of $3.1 bln and $3.4 bln

** Posts Q2 rev of $4.01 bln, above analyst estimate of $3.28 bln; adj EPS of $3.16 beats estimate of $2.40

** The beat was driven by significantly higher-than-expected revenue from its AI and data‑centre systems unit ZT Systems

** At least two brokerages lift PTs on stock after results, including Susquehanna and J.P. Morgan

** Susquehanna lifts PT to $185 from $155; says "the upside was driven almost entirely by ZT Systems, which delivered $1.88 billion in revenue, materially above plan, due to customers pulling forward accelerated compute orders"

** As of last close, SANM up 25.3% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))