Sanmina: Solid Q2 Beat, Stock Remains A Bargain At Just 19x FY26 P/E
Sanmina's stock remains a buy despite a 63% rally, as its 19x FY2026 P/E ratio represents a discount compared to AI and electronics manufacturing services (EMS) peers. The company delivered a strong Q2 FY2026 earnings beat, surpassing consensus by 31%, driven by revenue from ZT Systems and early customer orders. Management's three-phase growth strategy targets $16 billion in revenue by FY2027, with growth expected from accelerated compute and the MI400 platform.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://seekingalpha.com/"},{"@type":"ListItem","position":2,"name":"Earnings Analysis","item":"https://seekingalpha.com/earnings/earnings-analysis"},{"@type":"ListItem","position":3,"name":"Tech ","item":"https://seekingalpha.com/stock-ideas/technology"}]}{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4896292-sanmina-solid-q2-beat-stock-remains-a-bargain-at-just-19x-fy26-pe"},"author":{"@type":"Person","name":"The Straits…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
