B+
Bull case
25%
Probability
Target price
$265.00
Analysis reference price unavailable
Analysis 2026-05-09 · RankAlpha Sentiment Codex
SANM
SanminaCNasdaq / Technology Hardware & Equipment
Last Price
Quote time unavailable
Current thesis
Primary-source evidence improved after the April 27, 2026 release: Sanmina beat its own outlook, raised FY2026 expectations, generated strong cash flow, and added a fresh buyback authorization. If Q3 margins hold despite the shipment timing shift, the market can keep rewarding the ZT-driven AI infrastructure mix.
Posture
Mixed
Lead driver
Sentiment
What changed
4 setup hits (3d) with net bullish as of 2026-09-09.
What can break
Accelerated compute shipments shifted into Q2, creating normalization risk for the fiscal third quarter and second half. [#8-K-2026-04-27]
Momentum
43
Value
61
Sentiment
60
Setup hits (3d)
4 · Net Bullish
AI TargetsBase $225.00 · Bull $265.00 · Bear $185.00Analysis 2026-05-09; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-10 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-09 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-10
Investment thesis
As of 2026-09-10
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-10. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $261.00
Why
Momentum43 · Δ7d +25.2
Value61 · Δ7d -0.0
Sentiment60 · Δ7d -10.1
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.
Confirming evidence
- • 4 setup hits (3d) with net bullish as of 2026-09-09.
- • Sentiment remains the lead driver in the composite, 7D delta -10.1.
Contradictions & invalidation
- • Accelerated compute shipments shifted into Q2, creating normalization risk for the fiscal third quarter and second half. [#8-K-2026-04-27]
- • Leverage and financing burden remain higher post-acquisition even with strong cash generation; the quarter-end balance sheet showed $1.58 billion of cash against roughly $2.17 billion of short- and long-term debt. [#8-K-2026-04-27]
- • The stock at the May 7, 2026 anchor price of $237.09 already sits above the packet's median analyst target of $206.67, limiting valuation cushion.
Catalyst clock
2026-04-27
Q2 beat, FY2026 outlook lift, and new $600 million buyback reset the near-term setup
Lead driver: Sentiment · See AI snapshot
Momentum
43
9% active weight
Current posture
7d trendImproving
Δ7d
+25.2
Δ21d
+25.9
Value
61
28% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
+2.0
Sentiment
60
62% active weight
Current posture
7d trendSoftening
Δ7d
-10.1
Δ21d
-9.8
Why this grade
Composite grade C. Momentum 42.7 / Value 60.9 / Sentiment 60.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-09. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$225.00
Analysis reference price unavailable
Analysis 2026-05-09 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$185.00
Analysis reference price unavailable
Analysis 2026-05-09 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$11.63B
Beta
1.04
Shares Out
53.6M
P/E (TTM)
34.4
P/S (TTM)
1.03
P/FCF (TTM)
17.67
Rev YoY
+69.7%
EPS YoY
+68.7%
Gross Margin
+9.0%
Op Margin
+5.5%
Net Debt
-$608M
Current Ratio
1.78
As of 2026-09-10 • Updated nightlySource: Internal modelMethods & Data