Sanmina-Sci Corp. (SANM)
NASDAQ:SANM
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.53Last Year’s EPS
1.53Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a strongly positive operational and financial performance for Q2 FY26: very large revenue growth (driven by the ZT Systems acquisition), substantial EPS upside, robust cash generation and an improved ROIC and liquidity position. Management provided forward guidance that reflects continued high growth and reiterated confidence in achieving $16B+ in FY27. Negative items discussed (CPS margin compression, inventory build, component shortages and timing uncertainty due to shipment pull‑forwards) are meaningful but appear manageable and largely transitory relative to the material upside from ZT integration, organic core growth, and cash generation.Company Guidance
Record Quarterly Revenue and Strong YoY Growth
Revenue of $4.01 billion for Q2 FY26, up ~102% versus the prior year period, driven by strong contribution from the ZT Systems acquisition and growth across Core Sanmina end markets.
ZT Systems Contribution and Proof Point Execution
ZT Systems revenue of $1.88 billion in the quarter, including accelerated compute shipments that were pulled into Q2; management cites new wins with hyperscalers and OEMs and expects ZT to be well within a $5B–$6B annualized run rate.
Core Sanmina Growth
Core Sanmina revenue grew 7.3% year-over-year (Core Sanmina IMS revenue cited at $1.70B, +6.0% YoY), demonstrating organic growth across multiple end markets.
Margin Expansion and EPS Leverage
Non-GAAP operating margin of 6.4% (up 80 basis points YoY) and non-GAAP diluted EPS of $3.16, a 125% increase versus the same period a year ago, reflecting operating leverage and favorable mix.
Strong Cash Generation and Liquidity
Cash flow from operations of $399 million and free cash flow of $342 million in the quarter; cash & cash equivalents of $1.58 billion and no borrowings on a $1.5 billion revolver, totaling ~ $3.7 billion in available liquidity.
Balance Sheet and Efficiency Improvements
Non-GAAP pretax ROIC of 34.7% (up from 23.0% YoY); inventory turns (net of customer advances) improved to 6.9x from 5.9x a year ago; net leverage ratio of 0.56x (below long‑term target range).
Capital Allocation: Share Repurchases and Board Authorization
Repurchased ~1.1 million shares for ~$160 million during the quarter and Board authorized an additional $600 million of share repurchases with no expiration date.
Guidance Reflecting Growth Trajectory
Q3 revenue guidance of $3.2B–$3.5B (midpoint $3.35B, ~64% YoY) and full‑year FY26 revenue guidance of $13.7B–$14.3B (midpoint $14.0B, ~73% YoY). Full‑year non‑GAAP operating margin guided to 6.3%–6.6% and EPS to $10.75–$11.35.
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 |
|---|---|---|---|
Apr 27, 2026 | $188.08 | ― | ― |
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% |
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 Aug 03, 2026, After Close (Confirmed).
What is Sanmina-Sci Corp. (SANM) earnings time?
Sanmina-Sci Corp. (SANM) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q3) is 2.53.