The raised guidance and strong beat confirm accelerating operational momentum from the ZT Systems acquisition. Traders should watch for continued execution in Q4 and the ramp into fiscal 2027, as management highlighted strong demand building through fiscal 2028. The stock is likely to re-rate higher on the combination of beat, raise, and margin expansion.
Price Chart
Executive Summary
Sanmina reported Q3 fiscal 2026 non-GAAP EPS of $3.31, significantly above the $2.79 consensus estimate, with revenue of $3.46B at the high end of guidance. The company raised its full-year fiscal 2026 guidance for revenue, non-GAAP operating margin, and non-GAAP EPS, signaling strong operational momentum from the ZT Systems acquisition and core business growth. The beat and raised guidance are a clear positive catalyst for the stock, supported by strong cash flow and a robust balance sheet.
Key Financial Metrics
Key Facts
- Q3 fiscal 2026 revenue of $3.46B, at the high end of guidance
- Non-GAAP diluted EPS of $3.31, above the $2.79 consensus estimate
- Full-year fiscal 2026 guidance raised: revenue to $14.0B-$14.3B, non-GAAP operating margin to 6.85%-7.25%, non-GAAP EPS to $11.90-$12.20
- Non-GAAP operating margin of 8.0%, up from 5.7% in the year-ago quarter
- Cash flow from operations of $124M; ending cash of $1.84B
Financial Impact
Non-GAAP EPS beat consensus by $0.52 (18.6%), revenue beat by $60M (1.8%). Full-year EPS guidance midpoint raised by $1.00 (9.3%).
Risk Factors
- Integration risks from ZT Systems acquisition may not fully materialize as expected
- Geopolitical uncertainty and tariff/trade policy changes could impact supply chain and customer demand
- Reliance on a limited number of customers for a substantial portion of sales
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302835530 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 27, 2026 9w ago | 8-K | $172.43 $191.11 | ▲ +10.83% | ▲ +7.45% | $229.04 (+32.83%) |
Jul 27, 2026 9w ago | Press Release | $172.43 $191.11 | ▲ +10.83% | ▲ +7.45% | $229.04 (+32.83%) |
Jul 13, 2026 11w ago | Press Release | $207.59 $202.75 | ▼ −2.33% | ▼ −4.82% | $229.04 (+10.33%) |
Jun 1, 2026 17w ago | Insider Cluster | $278.36 $246.39 | ▼ −11.49% | ▼ −9.92% | $229.04 (−17.72%) |
May 1, 2026 22w ago | Insider Cluster | $223.27 $264.88 | ▼ −18.64% | ▼ −13.35% | $229.04 (−2.58%) |
Apr 29, 2026 22w ago | Insider Cluster | $208.67 $261.82 | ▲ +25.47% | ▲ +20.01% | $229.04 (+9.76%) |
Apr 29, 2026 22w ago | Insider Cluster | $208.67 $261.82 | ▲ +25.47% | ▲ +20.01% | $229.04 (+9.76%) |
Apr 29, 2026 22w ago | Insider Cluster | $221.89 $278.36 | ▲ +25.45% | ▲ +20.50% | $229.04 (+3.22%) |
Apr 29, 2026 22w ago | Insider Cluster | $208.67 $261.82 | ▲ +25.47% | ▲ +20.01% | $229.04 (+9.76%) |
Feb 24, 2026 31w ago | Insider Cluster | $158.17 $134.80 | ▲ +14.78% | ▲ +9.79% | $229.04 (−44.81%) |
US Market Status
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