Sanmina Reports First Quarter Fiscal 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Should l Buy SANM?
Source: Yahoo Finance
- Significant Revenue Growth: Sanmina reported revenue of $3.19 billion for Q1 FY2026, representing a 58.5% year-over-year increase, highlighting strong demand in the communications networks and cloud AI infrastructure markets, thereby solidifying its market position.
- Improved Profitability: The non-GAAP operating margin reached 6.0%, exceeding expectations, with non-GAAP EPS at $2.38, reflecting successful cost control and operational efficiency, which enhances investor confidence.
- Strong Cash Flow Performance: Operating cash flow was $179 million with free cash flow at $92 million, indicating a good balance between ongoing investments and shareholder returns, supporting future growth strategies.
- Optimistic Future Outlook: The company anticipates Q2 FY2026 revenue between $3.1 billion and $3.4 billion, with non-GAAP EPS projected at $2.25 to $2.55, demonstrating management's confidence in sustained growth, particularly amid rising demand for AI-driven hardware.
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Analyst Views on SANM
Wall Street analysts forecast SANM stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 141.290
Low
180.00
Averages
180.00
High
180.00
Current: 141.290
Low
180.00
Averages
180.00
High
180.00
About SANM
Sanmina Corporation is a global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It provides end-to-end manufacturing solutions, delivering support to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Its operations are managed in two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS segment consists of printed circuit board assembly and test, high-level assembly and test and direct-order-fulfillment. CPS includes advanced printed circuit boards, backplanes and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts and plastic injected molded parts. Its products include optical, radio frequency and microelectronic design and manufacturing services, multi-chip package memory solutions, high-performance storage platforms and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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