Sanmina raises fiscal 2026 outlook after Q3 beat

Sanmina

27/07/2026 21:12

Overview
US manufacturing solutions provider's fiscal Q3 revenue rose, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company raised fiscal 2026 revenue and adjusted EPS outlooks

Outlook
Sanmina sees Q4 revenue between $3.3 bln and $3.6 bln
Company raises FY26 revenue outlook to $14.0 bln-$14.3 bln
Sanmina expects strong demand in FY27 with growth ramping into FY28

Result Drivers
CUSTOMER ORDERS - Co said it secured more customer orders in both core Sanmina and ZT Systems during the quarter
CAPACITY AND CAPABILITIES - Co said it expanded capabilities and increased capacity in Q3
VERTICAL INTEGRATION - Co said progress in achieving synergies through vertical integration contributed to results

Company press release: ID:nPnX3YJMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.46 bln
$3.40 bln (5 Analysts)
Q3 Adjusted EPS
Beat
$3.31
$2.77 (5 Analysts)
Q3 EPS
 
$2.12
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 $220.00, about 5.6% above its July 24 closing price of $208.43
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

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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.)