Sanmina Jumps 20% on AI-Driven Fiscal 2027 Outlook

Sanmina forecast fiscal 2027 revenue of $17.50 billion to $19.50 billion, compared with analysts’ consensus of $16.61 billion, according to FactSet. It projected adjusted earnings per share of $15.50 to $17.50, ahead of estimates of $14.07.

For the current fiscal first quarter, the company expects revenue of $3.8 billion to $4.1 billion and adjusted earnings per share of $3.50 to $3.85. Analysts had forecast revenue of $3.42 billion and adjusted earnings of $2.82 a share.

The outlook followed a strong fiscal fourth quarter. Revenue rose 84% to $3.86 billion, while profit increased to $118 million, or $2.14 a share, from $48.1 million, or 88 cents a share, a year earlier. Despite Monday’s after-hours gain, Sanmina shares were down 26% over the three months through the regular-session close.