Sanmina Corp posted Q3 earnings per share of $3.31, outpacing the $2.83 consensus and generating $3.46 billion in revenue, a high‑end result for the quarter. The beat underscores resilient demand in its core EMS markets and gives the company momentum heading into FY2027, where it expects continued growth.

Key Highlights

  • EPS of $3.31 topped the $2.83 consensus, while non‑GAAP EPS matched the same figure.
  • Revenue reached $3.46 billion, placing the top of the company’s outlook range.
  • Operating cash flow of $124 million and free cash flow of $24 million added to a cash pile of $1.84 billion.
  • The firm forecast Q4 revenue between $3.3 billion and $3.6 billion, with non‑GAAP EPS of $3.05‑$3.35.

Sanmina Corp (NASDAQ: SANM) posted earnings per share of $3.31 for the recent quarter, exceeding the $2.83 consensus figure and driving revenue to $3.46 billion, the upper edge of its internal guidance. The performance contributed to a notable rise in the share price during the trading session.

EPS Beats Consensus

The third‑quarter earnings per share of $3.31 surpassed analyst expectations of $2.83, indicating that pricing strength and a solid order backlog remain in place. Non‑GAAP diluted EPS mirrored the GAAP result, showing that adjustments for stock‑based compensation and acquisition amortization did not materially affect earnings. The revenue increase aligns with management’s outlook and highlights the company’s capability to capture growing demand in cloud and AI‑related segments.

Financial Mechanics

Revenue of $3.46 billion represented a meaningful increase from prior periods, while GAAP operating margin stood at 6.4% and non‑GAAP operating margin reached 8.0%, underscoring effective cost control and the impact of recent capacity expansions. Operating cash flow of $124 million and free cash flow of $24 million bolstered a cash balance of $1.84 billion, reinforcing the firm’s liquidity position. The balance sheet reflected solid current assets relative to current liabilities, providing a comfortable working‑capital cushion.

Market Reaction

The earnings beat helped sustain upward momentum in the stock, with the share price advancing during the day. Peer companies within the electronic manufacturing services sector showed mixed performance, emphasizing Sanmina’s relative resilience. The company’s standing in the market remains strong, reflecting investor confidence in its integrated manufacturing platform.

Outlook and Catalyst

Looking forward, Sanmina projects fourth‑quarter revenue between $3.3 billion and $3.6 billion and anticipates non‑GAAP diluted EPS in the range of $3.05 to $3.35. The firm reaffirmed its full‑year fiscal 2026 revenue target of $13.7 billion to $14.3 billion, with non‑GAAP EPS expected between $10.75 and $12.20. The upcoming fourth‑quarter earnings release for the fiscal period ending October 3, 2026 will serve as a key catalyst, allowing analysts to evaluate whether the current growth trajectory can be maintained amid accelerating demand for cloud and AI infrastructure.

Peers Moving on This News

  • Flex Ltd (FLEX) down 1.4%
  • Jabil Inc (JBL) down 1.1%
  • TTM Technologies Inc (TTMI) down 2.2%

Analysis based on the Form 8-K filed 27 July 2026; figures verified against the filing and live market data.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.