Sanmina Q1 revenue and adj EPS beat expectations

Sanmina

26/01/2026 21:09

Overview

Manufacturing solutions provider's fiscal Q1 revenue beat analyst expectations

Adjusted EPS for fiscal Q1 beat analyst expectations

Company repurchased 516,000 shares for $79 mln

Outlook

Sanmina expects second-quarter revenue between $3.1 bln and $3.4 bln

Company forecasts second-quarter non-GAAP EPS between $2.25 and $2.55

Sanmina sees strong demand in Communications Networks and Cloud & AI Infrastructure

Result Drivers

AI DEMAND - Strong demand in Communications Networks and Cloud & AI Infrastructure sectors driven by AI hardware needs

ZT SYSTEMS INTEGRATION - Integration of ZT Systems is progressing as expected, contributing to opportunities ahead

PARTNERSHIPS - Focus on building broader partnerships to deliver profitable growth and maintain a healthy balance sheet

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.19 bln
$3.08 bln (3 Analysts)
Q1 Adjusted EPS
Beat
$2.38
$2.13 (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Sanmina Corp is $200.00, about 12.5% above its January 23 closing price of $177.83

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn8MS3Xfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)