What happened?
Shares of electronics manufacturing services company Sanmina (NASDAQ: SANM) jumped 10.3% in the morning session after the company reported third-quarter and fiscal 2026 financial results that topped Wall Street estimates, driven by broad-based growth and the integration of ZT Systems.
According to a company press release, Sanmina reported revenue of $3.86 billion and non-GAAP diluted earnings per share of $4.43 for the third quarter ended October 3, 2026. Both figures surpassed Wall Street expectations, as revenue rose 84% year over year to beat the consensus estimate of $3.48 billion and adjusted earnings topped projections of $3.27 per share by 35.5%. For the full fiscal year 2026, the company achieved $14.53 billion in revenue and non-GAAP diluted earnings per share of $13.28, aided by broad-based growth and the operational integration of ZT Systems. Sanmina projected revenue of $3.95 billion at the midpoint for the calendar fourth quarter. That outlook comfortably exceeded analyst expectations of $3.55 billion.
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What is the market telling us
Sanmina’s shares are extremely volatile and have had 48 moves greater than 5% over the last year. But moves this big are rare even for Sanmina and indicate this news significantly impacted the market’s perception of the business.
Sanmina is flat since the beginning of the year, and at $160.41 per share, it is trading 43.3% below its 52-week high of $282.72 from June 2026. Investors who bought $1,000 worth of Sanmina’s shares 5 years ago would now be looking at an investment worth $4,037.
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