Education
About Us
Working with TipRanks
Follow Us
Sanmina-Sci Corp. (SANM)
NASDAQ:SANM
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.4Last Year’s EPS
1.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong start to fiscal 2026 with robust revenue (+59% YoY), substantial EPS growth (+66% YoY), solid operating margins (6.0%) and healthy cash generation and liquidity. The ZT Systems acquisition is accretive and contributes meaningfully to IMS growth (72% YoY in IMS). Management reiterated attractive medium-term growth opportunities in cloud/AI infrastructure, energy, and medical, and provided confident Q2 guidance. Offsetting factors include an elevated inventory base (up 74% YoY) and a decline in inventory turns due to the acquisition, short-term margin pressure in CPS from investments and program transitions, modest weakness in automotive/transportation, and higher near-term capex and expected increases in leverage as working capital is deployed for growth. Overall, positive operational and financial momentum appears to outweigh the manageable integration and working-capital headwinds.Company Guidance
Strong Revenue Growth
Reported revenue of $3.19 billion for Q1 FY2026, up 59% year-over-year and at the high end of guidance.
Significant EPS Improvement
Non-GAAP diluted EPS of $2.38, up 66.1% year-over-year and above the company's outlook.
Solid Operating Margin
Non-GAAP operating margin of 6.0%, up 40 basis points versus the prior-year period and consistent with the prior quarter; Q2 guidance of 5.7%–6.2%.
Strong Cash Generation and Liquidity
Cash flow from operations of $179 million and free cash flow of $92 million; cash and cash equivalents of $1.42 billion and total available liquidity of approximately $3.6 billion.
Segment Strength — IMS
IMS revenue of $2.79 billion, up 72% year-over-year; IMS non-GAAP gross margin improved to 8.7%, up 80 basis points year-over-year, driven by favorable mix and operational efficiencies (including contribution from ZT Systems).
ZT Systems Acquisition Accretive
ZT Systems integration on track, immediately accretive to EPS, with margins in line with core Sanmina; company expects ZT to grow quarter-over-quarter and to drive AI/data-center upside.
Return of Capital and Strong ROIC
Repurchased 516,000 shares for ~$79 million in the quarter; non-GAAP pretax ROIC of 32.1% (versus 23.5% year-over-year) and conservative net leverage ratio of 0.8x.
Positive Outlook & Growth Targets
Q2 revenue outlook $3.1B–$3.4B (midpoint $3.25B, ~62% YoY); Q2 EPS guidance $2.25–$2.55 (midpoint $2.40, ~66.7% YoY). Management reiterates core Sanmina to grow high single digits this fiscal year and long-term ambition to expand margins to 6–7%+.
Market & Product Momentum
Management cites strong demand across communications networks and cloud & AI infrastructure (combined ~62% of revenue), a robust pipeline for AI data center projects, and expansion initiatives (e.g., new Houston energy factory with production in 2027).
SANM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SANM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $182.54 | $143.19 | -21.56% |
Nov 03, 2025 | $140.34 | $163.58 | +16.56% |
Jul 28, 2025 | $98.34 | $120.76 | +22.79% |
Apr 28, 2025 | $80.73 | $79.01 | -2.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sanmina-Sci Corp. (SANM) report earnings?
Sanmina-Sci Corp. (SANM) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Sanmina-Sci Corp. (SANM) earnings time?
Sanmina-Sci Corp. (SANM) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SANM EPS forecast?
SANM EPS forecast for the fiscal quarter 2026 (Q2) is 2.4.