Sanmina plunges after quarterly profit fall
26/01/2026 22:16
** Shares of manufacturing solutions firm Sanmina SANM.O down ~8% at $168 in extended trading ** Co posts Q1 net income of $49.3 million, compared with $65.0 million last year ** However, reports Q1 revenue rise of 61% to $3.19 billion; sees Q2 revenue between $3.1 billion and $3.4 billion vs $1.98 billion a year ago ** Sees Q2 adjusted EPS in the range of $2.25 to $2.55 vs $1.41 from a year ago ** Stock rose ~98% in 2025 (Reporting by Koyena Das in Bengaluru) ((koyena.das@thomsonreuters.com))