SANM stock drops sharply despite reporting a 69.6% revenue jump to $3.46B and raising annual guidance.
Sanmina Corp. shares tumbled over 20% despite reporting third-quarter earnings that surpassed expectations and raising its fiscal 2026 revenue outlook. Revenue for the quarter ended June 27, 2026, surged 69.6% year over year to $3.46 billion, exceeding the $3.40 billion consensus estimate.
The electronics manufacturing services provider had previously reported weaker-than-expected results in prior quarters, with revenue growth lagging industry peers. Analysts had anticipated a rebound, but the magnitude of the stock decline suggests investor concerns over valuation or forward-looking metrics despite the strong print.
No immediate market reaction details were provided, though the sharp sell-off contrasts with the positive earnings surprise.