Sanmina Corporation (SANM)

We bump up our F2025/F2026E (Sep) EPS for Sanmina (SANM; $78.51; O/P) from $5.80/$6.45 to $6.00/$6.65, which still leaves room to be conservative, after it posted an “across the board” FQ1 (Dec) earnings beat with…

Sanmina (SANM; $78.51; O/P) reported FQ1 (Dec) non-GAAP EPS of $1.44, which beat our $1.35 and the Street’s $1.36 on sales of $2,006mm that was also ahead of our $1,985mm and the Street’s $1,980mm. Recall,…

The risk/reward looks favorable to us around the shares of Sanmina (SANM; $84.18; O/P) into its FQ1 (Dec) results and guidance, scheduled for Monday (1/27 after market). Specifically, we look for no worse than as…

We stick with our Outperform and bump up our target from $85 to $87 on the shares of Sanmina (SANM; $72.80; O/P) after the company posted solid FQ4 (Sept) results and guidance, especially on the…

We think valuations offer a favorable risk/reward into FQ4 (Sept) results for Sanmina (SANM; $68.51; O/P), scheduled for next Monday (11/4 after market). We expect solid support for our F2025E (Sept) EPS of $6.05 and…

We reiterate our Outperform on the shares of Sanmina (SANM; $69.48) after hosting an investor meeting in San Jose, CA with CEO Jure Sola and CFO Jon Faust, where we also had the opportunity to…

We adjust F2024/2025E (Sept) EPS from $5.25/$6.20 to $5.23/$6.05 for Sanmina (SANM; $69.24; O/P) after FQ3 (Jun) non-GAAP EPS came in shy of expectations ($1.25 vs. our $1.26 and the Street’s $1.28) on some lower-than-expected…

We reiterate our Outperform and bump up our target from $75 to $80 on the shares of Sanmina (SANM; $71.29) ahead of its FQ3 (Jun) results, which are scheduled for next Monday (7/29 after market)….

We modify our 2024/2025E EPS for Sanmina (SANM; $64.00; O/P) from $5.40/$6.30 to $5.25/$6.20 after some moderately disappointing FQ2 (Mar) results and FQ3E (Jun) guidance, albeit with healthy margin performance and encouraging “green shoots” suggesting…

Sanmina (SANM; $64.00; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.30, which was ahead of our consensus matching $1.25 albeit on somewhat lower than expected sales ($1,835mm vs. our $1,875mm and the Street’s $1,883mm). Recall,…

Sanmina shares (SANM; $58.35; O/P) are -16% from 52-week highs and -10% since we launched coverage (“Still Attractively Priced EMS Play; Initiate with Outperform”; 3/5). We think this is likely on concerns that sales from…

We initiate coverage on Sanmina (SANM; $65.05) with an Outperform rating and $80 target. SANM is a mid-sized provider of electronics manufacturing services (EMS) focused on complex product builds for heavily regulated, long-cycle markets such…