Sanmina Corporation (SANM) · Q2 2026 results and valuation

At 0.9% growth a year (3-year revenue growth), the model's fair value is $99.22 a share — the stock trades 61% above it. Today's price assumes 7.0% growth a year.

1. Guidance

   Guidance now expects a $30 million net expense and a 21% to 23% non-GAAP tax rate.

   Source quote

   “We expect other income and expense to be a net expense of approximately $30 million We expect our non-GAAP effective tax rate to be between 21% and 23%.”

2. Guidance

   Revenue reached $3.46 billion, which hit the high end of the company's outlook range for the quarter.

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone

“Our core Sanmina business revenue of $2.4 billion grew 17% versus the same period a year ago, exceeding our outlook with broad-based strength across all of our end markets and...”

“And we continue to leverage our regulatory knowledge and experience to expand customer base in this segment and we continue to win the new programs that we believe will drive...”

“Based on what is in front of us, we are more confident than ever in our ability to achieve revenue of $16 billion-plus in 2027, and we believe we are...”