Sanmina (SANM) Q3 2026 Earnings
How Did SANM Stock React to Q3 2026 Earnings?
S&P 500 over the same 30 days: +4.08%.
Did SANM Beat Earnings? Q3 2026 Results
Yes. Sanmina reported Q3 2026 earnings of $3.31 a share on Jul 27, 2026, beating the $2.79 consensus estimate by 18.5%. Revenue was $3.5B against a $3.4B estimate.
Sanmina delivered a standout third quarter of fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the ZT Systems acquisition reshaped the company's scale and earnings power. Adjusted diluted EPS of $3.31 topped the $2.79 consensus estimate by 18.50%, extending the company's streak of beating consensus EPS estimates to four consecutive quarters, while revenue of $3.46 billion edged past the $3.40 billion consensus by 1.84% and surged 69.7% year over year, with the ZT integration driving outsized growth in cloud and AI infrastructure demand. Non-GAAP operating margin expanded to 8.0% from 5.7% a year ago, reflecting meaningful synergies from the combined business. Analysts tracking the company have noted exceptional AI momentum as a key driver of sustained outperformance. Looking ahead, management raised its full-year fiscal 2026 adjusted EPS guidance to $11.90 to $12.20, up from a prior range of $10.75 to $11.35, and narrowed revenue guidance to $14.00 billion to $14.30 billion, with CEO Jure Sola citing strong demand visibility extending into fiscal 2027 and 2028.
- Revenue at the high end of outlook driven by demand in cloud and AI infrastructure
- Non-GAAP operating margin and diluted EPS exceeded outlook
- Secured more customer orders in both core Sanmina and ZT Systems
- Progress in achieving synergies through vertical integration of ZT Systems
“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.”
Sanmina CEO, on the earnings call
What Is Sanmina's Outlook?
For Q4 fiscal 2026, Sanmina guided revenue of $3.3 billion–$3.6 billion, non-GAAP operating margin of 7.5%–8.0%, and non-GAAP diluted EPS of $3.05–$3.35. The company raised its full-year fiscal 2026 outlook, narrowing revenue guidance to $14.0 billion–$14.3 billion (from $13.7 billion–$14.3 billion prior), increasing non-GAAP operating margin guidance to 6.85%–7.25% (from 6.3%–6.6%), and raising non-GAAP diluted EPS guidance to $11.90–$12.20 (from $10.75–$11.35). CEO Jure Sola indicated strong demand visibility for fiscal 2027, with growth ramping throughout the year and into fiscal 2028.
SANM YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.5B | $2.0B | +69.7% |
| Gross Profit | $363.3M | $181.0M | +100.7% |
| Operating Income | $221.2M | $95.9M | +130.7% |
| Net Income | $117.1M | $68.6M | +70.7% |
When Does Sanmina Report Next?
Figures from SEC filings and company reports. Not investment advice.