Key Highlights

  • Sanmina (NASDAQ:SANM) was trading down 6.7% at USD 153.46 on Friday, November 13, 2026, in market data, and no company announcement for November 11 to 13 explaining the fall was found.
  • Fiscal fourth-quarter Revenue was USD 3.86 billion against USD 2.10 billion a year earlier, and non-GAAP Earnings were USD 4.43 a share versus USD 1.67, released on November 9, 2026.
  • Published coverage said shares jumped 19.8% to USD 179.28 right after the release; the implied pre-report price near USD 149.65 is calculated, which leaves today's quote about 2.5% above it.
  • Guidance calls for first-quarter fiscal 2027 revenue of USD 3.8 to 4.1 billion and fiscal 2027 revenue of USD 17.5 to 19.5 billion, with non-GAAP earnings of USD 15.50 to 17.50 a share.

A Pullback From the Post-Earnings Spike

Sanmina (NASDAQ:SANM) was trading down 6.7% at USD 153.46 on Friday, November 13, 2026, a screener move that is the figure of record only for the live session. No company announcement for November 11 to 13 explaining it was found, and no verified sector or market-wide driver for November 12 to 13 turned up. The company reported after the close on November 9, 2026, and published coverage said the shares rose 19.8% to USD 179.28 immediately afterward, from a pre-report level of roughly USD 149.65 implied by that move, calculated. A 6.7% drop today implies a prior quote near USD 164.5, calculated, so the shares have already given back much of the spike. That reads as a fade, not a reported cause.

Fiscal 2026 Revenue Rose to USD 14.53 Billion

Sanmina is an electronics Manufacturing services provider. Fourth-quarter revenue of USD 3.86 billion beat a published consensus of USD 3.48 billion, and non-GAAP earnings of USD 4.43 beat USD 3.27. GAAP diluted earnings were USD 2.14, and non-GAAP Operating Margin was 9.0% versus 6.0%. For fiscal 2026, revenue was USD 14.53 billion against USD 8.13 billion, a rise of about 79%, calculated, and non-GAAP earnings were USD 13.28 against USD 6.04. The company repurchased USD 154 million of stock in the quarter and ended with USD 1.68 billion in cash. A published call review described broad-based growth and AI-related momentum behind the outlook, which is commentary rather than a company figure.

Outlook Above Consensus, but Free Cash Flow Margin Fell

Fiscal 2027 guidance calls for non-GAAP operating margin of 7.0% to 7.5% and non-GAAP earnings of USD 15.50 to 17.50, which published coverage put about 17.2% above consensus at the midpoint. First-quarter revenue guidance of USD 3.8 to 4.1 billion compares with a published consensus near USD 3.55 billion. Fourth-quarter free cash flow was USD 83 million, a 2.2% margin compared with 6.5% a year earlier, and Operating Cash Flow was USD 242 million. For the full year, operating cash flow was USD 944 million, free cash flow USD 541 million and Buybacks USD 393 million. Risks include thin margins, Working Capital needs as sales rise, and a share price that moved about 20% on results and has since reversed much of it.

Where Things Stand

No company announcement explains the 6.7% drop, so it looks like a pullback after the earnings spike. Sanmina (NASDAQ:SANM) delivered record revenue, higher margins and an outlook above consensus, while free cash flow margin fell to 2.2%. At USD 153.46 the shares sit about 2.5% above the implied pre-report price, calculated. Next markers are the first-quarter fiscal 2027 report, cash conversion and any customer or capacity updates.