Sanmina Corporation’s (NASDAQ:SANM) shares surged to a fresh 52-week high, reaching $103.16 and reflecting a market valuation of approximately $5.5 billion. Over the last year, the stock has gained an impressive 51.72%, with a strong year-to-date return of 35.1%, signaling robust investor confidence. Trading at a price-to-earnings ratio of 23, Sanmina’s stock performance highlights the company’s solid standing and strategic resilience within the competitive electronics manufacturing sector.
In its latest earnings release, Sanmina reported second-quarter results that outperformed expectations. Adjusted earnings per share came in at $1.41, surpassing the analyst consensus of $1.38. Quarterly revenue hit $1.98 billion, beating forecasts of $1.96 billion and marking an 8.1% increase compared to the prior year.
However, the company’s outlook for the third quarter came in below analyst estimates, with adjusted EPS guidance ranging from $1.35 to $1.45 versus the expected $1.53. Revenue guidance was also lower than anticipated, forecasted between $1.925 billion and $2.025 billion, missing the consensus estimate of $2.066 billion. This tempered guidance sparked some investor caution despite the strong Q2 performance.
Sanmina generated $157 million in operating cash flow and $126 million in free cash flow during the quarter. The company also repurchased 1.03 million shares, spending $84 million. Management plans to discuss these results and future prospects in an upcoming conference call.
Sanmina Corporation stock price
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.