Sanmina Guides Q1 2027 EPS to $3.50-$3.85, Well Above $2.91 Consensus

Sanmina (NASDAQ:SANM) guided first-quarter 2027 earnings per share to $3.500-$3.850 on Monday morning, against a consensus estimate of $2.910. The electronics manufacturer also set full-year 2027 guidance at $15.500-$17.500 EPS, and the market answered immediately: the stock rose 11.1%, up $14.96 to $149.64.

For finance teams watching contract-electronics margins, the more telling number sits in the just-reported quarter. On Monday, November 9, Sanmina posted $4.43 EPS, beating the analyst consensus of $3.27 by $1.16. Revenue reached $3.86 billion versus estimates of $3.48 billion — a gap of roughly $380 million, or about 11% above expectations.

What do the profitability metrics show?

The quarter's quality shows in the returns. Sanmina reported return on equity (net income as a share of shareholder equity) of 19.08% and a net margin of 2.41%. That thin net margin is typical for contract manufacturing, where volume and working-capital discipline matter more than gross pricing power.

The balance-sheet ratios point to stable liquidity:

• Debt-to-equity of 0.71
• Quick ratio (current assets minus inventory over current liabilities) of 1.06
• Current ratio of 1.78

How did the market react?

Trading volume hit 1,475,793 shares on Monday, against an average of 873,058 — nearly 70% above the norm. The company's market capitalization stands at $8.02 billion, with a price-to-earnings ratio of 26.77 and a PEG ratio (P/E divided by expected earnings growth) of 0.37. Beta, at 1.72, signals the stock moves considerably more than the broader market.

Technical levels frame the move. The 50-day moving average sits at $193.26 and the 200-day at $190.72, both well above the current price. The 52-week range runs from $118.10 to $288.68 — Monday's close sits near the lower third of that band.

How are analysts positioned?

Ratings activity over recent months has been mixed:

• Zacks Research cut the stock from "strong-buy" to "hold" on Monday, September 28
• Wall Street Zen raised it from "buy" to "strong-buy" on Sunday, October 11
• JPMorgan Chase & Co. lowered its price objective from $275.00 to $260.00 with a "neutral" rating on Tuesday, July 28
• Weiss Ratings downgraded from "buy (b)" to "buy (b-)" on Friday, September 18

Two analysts rate the stock a Buy and three a Hold, giving a consensus rating of "Hold" and an average target price of $198.33, according to MarketBeat.com. On average, analysts expect Sanmina to post $10.74 EPS for the current fiscal year — meaning the new full-year guidance range starts more than 44% above that figure.

What changes for practitioners?

Sanmina provides integrated manufacturing solutions — product design and engineering, supply-chain management, manufacturing, logistics and aftermarket repair — for customers in communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense. Its guidance beat suggests demand in those end markets supports earnings well beyond what sell-side models currently assume, a datapoint worth benchmarking against any electronics-supply forecasts on your own books.