Sanmina Corporation (SANM)

We reiterate our Outperform and raise our target from $170 to $185 on the shares of Sanmina (SANM; $140.34) after a healthy FQ4 (Sept) EPS beat from its “legacy” business. SANM also indicated the just…

Sanmina (SANM; $140.34; O/P) reported FQ4 (Sep) non-GAAP EPS of $1.67, which was comfortably ahead of our $1.58 and the Street’s $1.57 with some solid sales upside ($2,096mm vs. our $2,068mm and the Street’s $2,057mm)….

This morning, Sanmina (SANM; $136.00; O/P) announced it completed the previously announced acquisition of the ZT Systems data center infrastructure business from AMD (AMD; $254.16; NR), which we continue to view as transformational for the…

We reiterate our Outperform and $170 target on the shares of Sanmina (SANM; $129.59) ahead of the company’s upcoming FQ4 (Sep) results and guidance. Broadly speaking, we see the FQ4 print tied to SANM’s current…

We reiterate our Outperform on the shares of Sanmina (SANM; $142.06) and raise our target from $140 to $170 after Advanced Micro Devices (AMD; $212.68; NR) announced a multi-year, multi-generation strategic agreement with OpenAI whereby…

Earlier this week, StorOne, a developer of software-defined storage technology, announced a partnership with Sanmina’s (SANM; $118.90; O/P) Viking Enterprise Solutions subsidiary. Recall, Viking is a provider of what we view as an underappreciated, albeit…

We reiterate our Outperform and raise our target on the shares of Sanmina (SANM; $115.48; O/P) from $120 to $140 to better consider the positive implications for the company after CQ2 results from Advanced Micro…

We bump up our F2025/F2026E (Sept) EPS from $5.85/$6.65 to $5.95/6.75 for Sanmina (SANM; $98.34; O/P) after its “across the board” FQ3 (Jun) beat, from sales to margins, EPS, and cash flows, with FQ4E guidance…

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…