SANMINA CORP (SANM) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does SANMINA CORP Do?
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, storage platforms, radio frequency, optical, and microelectronic solutions; defense and aerospace products; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions industries. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California. SANMINA CORP (SANM) is classified as a mid-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Jure Sola and employs approximately 34,000 people, headquartered in San Jose, California. With a market capitalization of $7.1B, SANM is one of the notable companies in the Technology sector.
SANMINA CORP (SANM) Stock Rating — Reduce (April 2026)
As of April 2026, SANMINA CORP receives a Reduce rating with a composite score of 49.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SANM ranks #2,161 out of 4,446 stocks in our coverage universe. Within the Technology sector, SANMINA CORP ranks #235 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
SANM Stock Price and 52-Week Range
SANMINA CORP (SANM) currently trades at $147.69. The stock gained $5.85 (4.1%) in the most recent trading session. The 52-week high for SANM is $185.29, which means the stock is currently trading -20.3% from its annual peak. The 52-week low is $63.66, putting the stock 132.0% above its annual trough. Recent trading volume was 185K shares, suggesting relatively thin trading activity.
Is SANM Overvalued or Undervalued? — Valuation Analysis
SANMINA CORP (SANM) carries a value factor score of 41/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 29.15x, compared to the Technology sector average of 45.27x — a discount of 36%. The price-to-book ratio stands at 2.70x, versus the sector average of 3.16x. The price-to-sales ratio is 0.69x, compared to 1.06x for the average Technology stock. On an enterprise value basis, SANM trades at 21.90x EV/EBITDA, versus 12.79x for the sector.
Overall, SANM's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
SANMINA CORP Profitability — ROE, Margins, and Quality Score
SANMINA CORP (SANM) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 9.3%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.5% versus the sector average of -1.0%.
On a margin basis, SANMINA CORP reports gross margins of 8.2%, compared to 50.9% for the sector. The operating margin is 3.5% (sector: -0.5%). Net profit margin stands at 2.6%, versus -1.5% for the average Technology stock. Revenue growth is running at 73.2% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
SANM Debt, Balance Sheet, and Financial Health
SANMINA CORP has a debt-to-equity ratio of 82.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.70x, suggesting adequate working capital coverage. Total debt on the balance sheet is $2.17B. Cash and equivalents stand at $1.42B.
SANM has a beta of 1.40, meaning it is more volatile than the broader market — a $10,000 investment in SANM would be expected to move 40.1% more than the S&P 500 on any given day. The stability factor score for SANMINA CORP is 40/100, reflecting average volatility within the normal range for its sector.
SANMINA CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, SANMINA CORP reported revenue of $10.41B and earnings per share (EPS) of $0.91. Net income for the quarter was $247M. Gross margin was 8.2%. Operating income came in at $335M.
In Q1 2026, SANMINA CORP reported revenue of $3.19B and earnings per share (EPS) of $0.91. Net income for the quarter was $52M. Gross margin was 7.6%. Revenue grew 0.0% year-over-year compared to Q1 2025. Operating income came in at $74M.
In Q1 2025, SANMINA CORP reported revenue of $3.19B and earnings per share (EPS) of $0.91. Net income for the quarter was $52M. Gross margin was 7.6%. Operating income came in at $74M.
In FY 2025, SANMINA CORP reported revenue of $8.13B and earnings per share (EPS) of $4.56. Net income for the quarter was $266M. Gross margin was 8.8%. Revenue grew 7.4% year-over-year compared to FY 2024. Operating income came in at $355M.
Over the past 8 quarters, SANMINA CORP has demonstrated a growth trajectory, with revenue expanding from $1.84B to $10.41B. Investors analyzing SANM stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
SANM Dividend Yield and Income Analysis
SANMINA CORP (SANM) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
SANM Momentum and Technical Analysis Profile
SANMINA CORP (SANM) has a momentum factor score of 64/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 49/100 reflects moderate short selling activity.
SANM vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, SANMINA CORP (SANM) ranks #235 out of 584 stocks based on the Blank Capital composite score. This places SANM in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing SANM against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SANM vs S&P 500 (SPY) comparison to assess how SANMINA CORP stacks up against the broader market across all factor dimensions.
SANM Next Earnings Date
No upcoming earnings date has been announced for SANMINA CORP (SANM) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy SANM? — Investment Thesis Summary
The quantitative profile for SANMINA CORP suggests caution. Price momentum is positive at 64/100, suggesting the trend favors buyers.
In summary, SANMINA CORP (SANM) earns a Reduce rating with a composite score of 49.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SANM stock.
Related Resources for SANM Investors
Explore more research and tools: SANM vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SANM head-to-head with peers: SANM vs IHS, SANM vs VRSN, SANM vs ESE.