$SANM

SANMINA CORP (SANM) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EXHIBIT 99.1 NEWS SHANKER TRIVEDI JOINS SANMINA’S BOARD OF DIRECTORS San Jose, CA – September 14, 2026. Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced that Shanker Trivedi has been appointed t

Sanmina (SANM) reported $702M in operating cash flow for the first nine months of fiscal 2026, up from $421.6M last year. Free cash flow rose to $457.8M, driven by strong AI infrastructure demand. Competitors Jabil (JBL) and Celestica (CLS) also reported increased cash flows. SANM shares surged 67.6%, trading at 14.86x forward earnings, with improved earnings estimates.

Powell (POWL) reported Q2 revenue of $311.7M, up 8.9% YoY, missing estimates. Sanmina (SANM) reported $3.46B revenue, up 69.7% YoY, beating estimates. Allegion (ALLE) reported $1.15B revenue, up 12.7% YoY, surpassing estimates. POWL stock is down 17%, SANM down 6.4%, ALLE up 12.3% since earnings.

Sanmina (SANM) halted stock buybacks in Q3 2026, using cash for AI and defense-related investments instead. Shares fell 26.5% in 3 months, 32% below 52-week high, despite a 65.5% 12-month gain. Buybacks drove EPS growth, not operational improvements. Revenue rose 69.7% YoY to $3.46B, but free cash flow dropped to $23.6M.

Advanced Micro Devices (AMD) filed its first 13F, revealing a $1.31 billion portfolio with six positions. Top holdings include SpaceX, Absci (ABSI), Sanmina (SANM), Nutanix (NTNX), and Quantum Computing (QUBT). AMD's Q2 revenue surged 50.1% YoY to $11.536 billion, with data center revenue doubling. AMD expects Q3 revenue of $13 billion, citing strong AI demand.

Simply Wall St says Sanmina (SANM) is seeing improving earnings outlook, citing upward analyst estimate revisions and ongoing share repurchases. The article notes a US$600 million buyback authorization and highlights risks tied to working capital, inventory, customer concentration, and integration of ZT Systems. It projects $19.9B revenue and $466.9M earnings by 2029.

The article says electronics-manufacturing services (EMS) firms are rising on AI infrastructure spending and faster data-center networking (400G, 800G, 1.6T), plus outsourcing and automation. It highlights Celestica (CLS), Plexus (PLXS), Sanmina (SANM), and Jabil (JBL) with stock performance and guidance figures, including Celestica FY26 revenue $20.5B and EPS $11.30.

Simply Wall St reports Sanmina (SANM) Q3 results of $3.46b sales and $117.13m net income, with raised full-year revenue guidance and inclusion in Zacks Rank #1 growth stocks. It cites a fair value of $240 versus a $202.68 close, and an expected ZT Systems deal adding $5–6b annual run-rate revenue.

Sanmina reported Q2 revenue of $3.46B, up 69.7% year over year and slightly above estimates, and adjusted EPS of $3.31, above forecasts. Management cited demand in communications networks, cloud and AI infrastructure, plus non-recurring engineering services. Q3 guidance midpoint calls for $3.45B revenue and $3.20 adjusted EPS. Analysts asked about margin sustainability, customer wins, and ZT Systems.

Sanmina’s Q3 2026 earnings call said Communications Networks, Cloud and AI Infrastructure revenue rose 173.2% year over year, helped by AI compute and networking demand and ZT Systems integration. Management cited margin outperformance from product mix and NRE services. It expects FY2027 revenue of $16 billion-plus, with capex of $135 million in Q4 and working capital growth for AI ramps.