Sanmina Shares Rise After Earnings Beat and Strong Fiscal 2027 Outlook

Sanmina shares rose in premarket trading Tuesday after the electronics manufacturer posted a quarterly earnings beat and set fiscal 2027 profit and revenue targets above analyst expectations.

Adjusted earnings were $4.43 per share for the quarter ended Oct. 3, compared with a $3.27 analyst estimate. Revenue reached $3.86 billion, an 84% increase from a year earlier.

AI and cloud systems revenue grew 179% to $2.37 billion. Sanmina’s ZT Systems acquisition from AMD last October helped drive the expansion, as did production ramps for Helios and Cerebras. Sales across its industrial, energy, defense, aerospace and medical markets rose 19% to $1.49 billion.

For fiscal 2027, Sanmina projected adjusted earnings of $15.50 to $17.50 per share and revenue of $17.5 billion to $19.5 billion, above analyst estimates of $14.07 per share and $16.61 billion in revenue. The company expects AI systems revenue of $7.5 billion to $9 billion, with shipments weighted toward the second half of the fiscal year. Sanmina reported fiscal 2026 revenue of $14.53 billion, up 79%.