Sanmina Corporation (SANM)
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
$143.77-12.60%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
QuarterlyIQ Insights · SANM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -28.5% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 24.7% |
Growth built into the price is above our model estimate.
The price assumes 53.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 24 industry peers
SANM — officer change
Dated 2026-09-15
Director — Shanker S Trivedi: The filing discloses the appointment of a new independent director, which is a routine board composition change and not the departure of a senior executive.
Why it matters: Sanmina guided to $3.3B–$3.6B in revenue and 7.5%–8.0% non-GAAP operating margin. Results test that outlook.
Watch forQ4 revenue is at least $3.3B and non-GAAP operating margin is at least 7.5%.
Also watch forQ4 revenue is below $3.3B or non-GAAP operating margin is below 7.5%.
Why it matters: Free cash flow fell from $342M in Q2 to $24M in Q3. A rebound would ease concern about the cash trend.
Watch forFree cash flow rises above $24M in the next reported quarter.
Also watch forFree cash flow stays at or below $24M in the next reported quarter.
Why it matters: The board approved a new $600M program, and Sanmina bought $160M of shares in Q2. Further purchases would show capital returns continue.
Supportive ifA filing or earnings release reports new share repurchases under the $600M program.
Worry ifThe next earnings release reports no share repurchases under the program.
Why it matters: Management said demand is strong for fiscal 2027, with growth rising through the year and into fiscal 2028. Clear details would support that view.
Supportive ifOn Nov. 9, management reaffirms strong fiscal 2027 demand and says growth will rise through the year.
Worry ifOn Nov. 9, management withdraws the strong-demand view or says fiscal 2027 growth is delayed.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$283 on $10,000 · ±2.8% | How much price usually moves either way. |
| Bad day | $802 loss on $10,000 · 8.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,915 loss on $10,000 · 49.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.