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Sanmina stock rises 63% with strong Q2 earnings and growth plans targeting $16B revenue by FY2027.

Company Fundamentals
29 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Sanmina's shares surged 63% recently after beating Q2 FY2026 earnings estimates by 31%, driven by strong revenue from ZT Systems and early customer orders. The company aims for $16 billion in revenue by FY2027 through a three-phase growth strategy focused on accelerated compute and its MI400 platform. Despite the rally, Sanmina trades at a discount compared to peers, suggesting potential for further gains. Management's guidance for FY2027 is seen as conservative, supporting optimism about the stock's upside.

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