Sanmina Q2 revenue beats driven by ZT Systems demand

Sanmina

27/04/2026 21:12

Overview

U.S. manufacturing solutions firm's fiscal Q2 revenue beat analyst expectations

Adjusted EPS for fiscal Q2 beat consensus

Company authorized new $600 mln share repurchase program

Outlook

Sanmina sees Q3 revenue between $3.2 bln and $3.5 bln

Company expects Q3 non-GAAP diluted EPS between $2.55 and $2.85

Sanmina forecasts full-year revenue between $13.7 bln and $14.3 bln

Result Drivers

ZT SYSTEMS DEMAND - Co said ZT Systems revenue significantly exceeded expectations due to strong execution and customer demand, with accelerated compute shipments shifting into the quarter

CORE BUSINESS GROWTH - Core Sanmina grew 7.3% year-over-year, in line with expectations

Company press release: ID:nPnjLb5Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.01 bln
$3.28 bln (5 Analysts)
Q2 Adjusted EPS
Beat
$3.16
$2.40 (5 Analysts)
Q2 EPS
$1.70


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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 $197.50, about 2.8% above its April 24 closing price of $192.16

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)