Sanmina Corporation (SANM)

Sanmina (SANM; $98.35; O/P) reported FQ3 (Jun) non-GAAP EPS of $1.53, which were well ahead of our $1.41 and the Street’s $1.42 on sales of $2,042mm (vs. our $1,988mm and the Street’s $1,983mm). Recall, SANM’s…

We assume FQ3 (Jun) results and guidance from Sanmina (SANM; $104.92; O/P) live up to prior guidance and our own expectations when it reports in the coming weeks. Admittedly, this is after considering some volatility…

We bump up our target on the shares of Sanmina (SANM; $94.98; O/P) from $105 to $110 as our recent checks add to our confidence in the significant EPS potential of the company’s pending acquisition…

This morning, Sanmina (SANM; $81.37; O/P) announced it signed a definitive agreement to acquire ZT Systems’ data center infrastructure manufacturing business from Advanced Micro Devices (AMD; $114.74; NR) for up to $3B of total considerations…

We modify our F2025E (Sept) EPS from $6.00 to $5.85 (+11% YoY) for Sanmina (SANM; $80.73; O/P) mainly for a delay in a large new program ramp after it produced some slight upside with FQ2…

Sanmina (SANM; $80.73; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.41, which was ahead of our consensus matching $1.38 on somewhat better than expected sales of $1,984mm (vs. our $1,963mm and the Street’s $1,964mm). Recall,…

We are confident that FQ2 (Mar) results and guidance from Sanmina (SANM; $80.26; O/P) can at least live up to our and Street expectations when it reports on Monday (4/28 after market) given what we…

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)….