Wall Street Zen downgrades Sanmina stock to Buy

Published on 10/07/2026 at 06:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 69.70 percent to USD 3.46 billion in the third quarter. Sanmina stock had a EUR 202.55 prior close on October 6, 2026.

SANM, US8010561020, Illustration mit AI erstellt.

Wall Street Zen lowered Sanmina stock from Strong Buy to Buy in a report dated October 3, 2026, according to MarketBeat. The change leaves a Hold consensus and a USD 198.33 average target in the report, while Sanmina's operating figures continue to reflect rapid expansion in AI infrastructure.

Revenue growth stays elevated

Sanmina's third quarter of fiscal 2026 ended June 27, 2026, with revenue of USD 3.46 billion, up 69.70 percent from the same period a year earlier, according to Fortune. The same call reported non-GAAP diluted earnings per share of USD 3.31, a 116.00 percent year-over-year increase, and non-GAAP operating margin of 8.00 percent.

The strongest growth came from communications networks, cloud and AI infrastructure, which generated USD 2.148 billion, up 173.20 percent year over year. Core Sanmina revenue reached USD 2.4 billion and grew 17.00 percent, giving the business a second growth engine beyond the ZT Systems integration.

Guidance sets the next test

Management guided fourth-quarter fiscal 2026 revenue to USD 3.3 billion-USD 3.6 billion and non-GAAP diluted earnings per share to USD 3.05-USD 3.35, according to Fortune. Full-year fiscal 2026 revenue guidance stands at USD 14.0 billion-USD 14.3 billion, while the company expects non-GAAP diluted earnings per share of USD 11.90-USD 12.20.

The outlook also highlights the main execution issue. ZT Systems revenue guidance of USD 0.8 billion-USD 1.0 billion for the fourth quarter was lower than the implied prior outlook because legacy programs can shift with customer timing, even as next-generation accelerated-compute work remains on track.

Stock context and next date

MarketBeat reported a USD 12.28 billion market capitalization and a USD 113.71-USD 288.68 12-month range on October 3, 2026. The Lang & Schwarz prior close was EUR 202.55 on October 6, 2026, while the finance quote showed a USD 12.2 billion market capitalization on that date. Zacks lists November 2, 2026 as the expected next earnings release date, with consensus earnings per share of USD 3.25 for the quarter ending September 2026.

The further course of trading is shown by the continuously updated real-time quote of Sanmina stock.