Sanmina

SANM

Market cap $9.23B

I rate Sanmina a buy, driven by transformative exposure to cloud and AI infrastructure following the ZT Systems acquisition. ZT significantly shifts SANM's revenue mix, boosting cloud infrastructure exposure from 38% to 63% and enabling access to hyperscaler customers and liquid cooling capabilities. SANM's agreement with AMD positions it to benefit from the upcoming Helios rack rollout, with even a 10% TAM share representing $1.3 billion in potential revenue.

SAN JOSE, Calif., April 16, 2026 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its second quarter fiscal 2026 earnings conference call on Monday, April 27, 2026 at 5:00 PM ET.

SANM's operating margin edges higher as AI and cloud demand boosted profitability, but rising costs tied to ZT Systems raise questions about sustaining growth.

AI-driven data center demand, revenue growth trends, and valuation levels are shaping the investment case as SANM and CLS compete in the EMS space.

SANM delivers integrated manufacturing solutions for defense and aerospace, producing advanced electronics for radar, satellites, avionics and mission systems.

Sanmina bets on vertically integrated, end-to-end manufacturing and 42Q connected factories, yet supply-chain delays and fierce rivals cloud the outlook.

HTHT, FIVE, and SANM it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 27, 2026.

SANM's diversified end-market reach and vertically integrated model drive resilience, flexibility, and rising estimates, signaling potential for further upside.

EDU, FIVE, and SANM it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 25, 2026.

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