Equities Analysts Issue Forecasts for Sanmina Q3 Earnings

Sanmina Corporation (NASDAQ:SANM) – Research analysts at Sidoti Csr lifted their Q3 2026 earnings per share (EPS) estimates for Sanmina in a research note issued on Tuesday, January 27th. Sidoti Csr analyst A. Soderstrom now expects that the electronics maker will post earnings of $2.21 per share for the quarter, up from their previous forecast of $2.17. The consensus estimate for Sanmina’s current full-year earnings is $5.15 per share. Sidoti Csr also issued estimates for Sanmina’s Q4 2026 earnings at $2.36 EPS, Q1 2027 earnings at $2.37 EPS, Q2 2027 earnings at $2.49 EPS and Q3 2027 earnings at $2.49 EPS.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Argus raised their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.00.

Sanmina Stock Performance

Sanmina stock opened at $141.68 on Thursday. Sanmina has a fifty-two week low of $63.67 and a fifty-two week high of $185.29. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 0.70 and a beta of 1.05. The stock has a fifty day moving average of $158.99 and a two-hundred day moving average of $137.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.70.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS.

Insider Activity

In other news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the sale, the insider directly owned 23,500 shares in the company, valued at approximately $3,506,670. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Several large investors have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after purchasing an additional 933,974 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Sanmina by 20.9% during the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after purchasing an additional 213,025 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in Sanmina by 6.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after purchasing an additional 54,200 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after acquiring an additional 27,384 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Sanmina in the 2nd quarter valued at about $63,671,000. 92.71% of the stock is currently owned by institutional investors.

Key Headlines Impacting Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Management said AI-driven demand is powering a strong start to 2026, supporting revenue and margin outlooks — a growth narrative investors value. Sanmina Earnings Call: AI Growth Fuels Powerful 2026 Start
• Positive Sentiment: Analysts (Argus) raised the price target to $200 with a Buy rating, signaling significant upside versus recent levels and reflecting confidence in multi-quarter growth potential. Argus raises price target to $200
• Positive Sentiment: Third‑party writeups (Zacks/MSN) emphasize Sanmina’s attractive value and growth profile — style-score and valuation pieces that can support longer-term buying interest. Here’s Why Sanmina is a Strong Growth Stock Top Value Stock for the Long-Term
• Neutral Sentiment: Sidoti issued a batch of estimate changes — a small cut to Q2 2026 EPS but several raises to FY/other quarter forecasts — showing analysts are recalibrating near-term vs. longer-term expectations. This creates mixed signals: long-term upgrades but near-term volatility. MarketBeat SANM summary (Sidoti notes)
• Negative Sentiment: Short‑term selling pressure and valuation concerns prompted by recent strong gains likely drove intraday weakness — AAII highlights a sharp short-term decline and points to profit‑taking and cyclical volatility as causes. Why SANM Stock Is Down 9.07%

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.