Sanmina Corporation (SANM)

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…