Sanmina Enters Fourth Quarter With Revenue Outlook of $3.3 Billion to $3.6 Billion
Key Facts
Investors are awaiting Sanmina’s review of its fourth-quarter and fiscal 2026 results in a call scheduled for November 9 at 5:00 p.m. Eastern time, after the company set a fourth-quarter revenue range of $3.3 billion to $3.6 billion in July. The company also forecast adjusted diluted earnings per share of $3.05 to $3.35, according to investor-relations materials. Those estimates set a benchmark for assessing the quarter ended in October, following strong performance in the previous quarter. Sanmina reported third-quarter revenue of $3.46 billion and GAAP diluted earnings per share of $3.31. The call, webcast and supporting materials are due to provide details of the results and how they compare with the outlook on the company’s website.
Net sales were $3.464 billion in the three months ended June 27, 2026, compared with $2.042 billion in the corresponding period ended June 28, 2025. GAAP operating margin was 6.4% in the third quarter. The performance put quarterly sales at the high end of the company’s guidance at the time, according to Jure Sola, chairman and chief executive. Sola said adjusted diluted earnings per share exceeded expectations. The year-over-year comparison shows sales expanding from the year-earlier period, while meeting the projected fourth-quarter range remains a focus ahead of the results review.
On liquidity, the company generated $124 million in operating cash flow in the third quarter, while free cash flow was $24 million. Cash and cash equivalents totaled $1.84 billion at the end of the period. These metrics provide additional context alongside revenue and earnings per share as the company enters the final quarter of its fiscal year. In updating its fiscal 2026 outlook, Sanmina set a revenue range of $14.0 billion to $14.3 billion. It also put its adjusted diluted earnings-per-share range for the year at $11.90 to $12.20.
Sola tied the company’s outlook to what he described as strong demand for fiscal 2027. He said growth accelerates during that year and extends into fiscal 2028, indicating that management expects expansion to continue beyond the current period. The outlook follows the company’s increase to its fiscal 2026 guidance in its third-quarter results, including the revenue and earnings-per-share ranges announced at the time. Comparing fourth-quarter results with the prior outlook remains a key focus of the November 9 call. The call is scheduled to begin at 5:00 p.m. Eastern time, with a webcast and supporting materials available on Sanmina’s website.
In the market, Sanmina shares closed at $134.68 on November 6, ahead of the results review announced for November 9. Skydance shares also closed at $8.01 on November 6, the latest documented close in the data available for this story. Skydance completed its acquisition of Warner Bros. Discovery on October 6, so the deal is completed background rather than an event expected during Sanmina’s results session. The prices cited here are limited to November 6 closes and do not represent trading during the call or the market’s reaction to fourth-quarter results. The focus at the company’s review remains the quarter’s actual figures and their comparison with the previously announced range.