SANM

In the past six months, Sanmina's stock (SANM) has seen a gain of 62.2%. Over the past year, the stock has surged by 69.3%, outperforming its industry. A notable event impacting the stock was the acquisition of ZT Systems' data center infrastructure manufacturing business in October 2025, valued at approximately $2.55 billion. This acquisition was strategically aimed at expanding Sanmina's footprint in AI and cloud manufacturing services. However, the stock experienced a loss of approximately 15% since June 30, 2026, due to an adjusted lower revenue contribution from the ZT Systems acquisition for fiscal Q4 2026, with the full revenue ramp expected in fiscal Q1 2027. Negative shifts in analyst price targets and persistent industry headwinds in electronics manufacturing services also contributed to this downward pressure. Despite these challenges, Sanmina reported strong third-quarter fiscal 2026 financial results on July 27, 2026, beating analysts' consensus estimates for both earnings per share and revenue. In October 2026, Wall Street Zen upgraded Sanmina from "buy" to "strong buy," although the broader analyst consensus remains "hold." Supply-chain delays, intense competition, tariffs, and high research and development costs continue to exert pressure on Sanmina's margins.