Sanmina shares rose in premarket trading Tuesday after the electronics manufacturer reported quarterly results well ahead of analysts’ forecasts. The stock traded at $164.50 at 9:11 a.m. Eastern time, up $14.86, or 9.9%, from Monday’s close of $149.64.
For its fiscal fourth quarter, which ended Oct. 3, Sanmina said revenue rose to $3.86 billion from $2.10 billion a year earlier. Adjusted earnings were $4.43 a share, compared with $1.67 a year earlier and the $3.27 analysts expected, according to Zacks Investment Research. Earnings under standard accounting rules were $2.14 a share.
Sanmina forecast fiscal 2027 revenue of $17.5 billion to $19.5 billion and adjusted earnings of $15.50 to $17.50 a share. Revenue for fiscal 2026 was $14.53 billion, up 79%.
The stock had already gained 11.11% on Monday, before the results were released after the close. No cause for that move has been confirmed.
