Sanmina Q3 Results and FY2026 Outlook
Sanmina Corporation (NASDAQ:SANM) reported third‑quarter 2026 results that surpassed analyst expectations. Adjusted earnings per share were $3.31, exceeding the consensus estimate of $2.77 by $0.54. Revenue for the quarter reached $3.46 billion, topping the $3.40 billion forecast and representing a 70 % increase over the $2.04 billion recorded in the same quarter of the prior year.
The company provided guidance for the fourth quarter of 2026, projecting revenue in the range of $3.3 billion to $3.6 billion. The midpoint of $3.45 billion falls short of Wall Street’s consensus estimate of $3.52 billion, leading to a share price decline of approximately 4.9 % (reported as a 5 % drop). Adjusted EPS for Q4 was guided to $3.05‑$3.35, with a midpoint of $3.20, which is above the consensus figure of $2.88.
For the full fiscal year 2026, Sanmina raised its revenue outlook to $14.0 billion‑$14.3 billion, moving the midpoint to $14.15 billion—slightly above the consensus of $14.13 billion. The full‑year adjusted EPS guidance was increased to $11.90‑$12.20, with a midpoint of $12.05, surpassing the consensus estimate of $11.20.
Operating performance improved, with the third‑quarter adjusted operating margin reaching 8.0 %, up from 5.7 % in the comparable period last year. Cash flow from operations amounted to $124 million, while free cash flow was $24 million. The company ended the quarter with $1.84 billion in cash and cash equivalents.
"We delivered another great quarter. Revenue was at the high end of our outlook, while non‑GAAP operating margin and non‑GAAP diluted EPS exceeded our outlook," said Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.