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SANM

SanminaB
Nasdaq / Technology Hardware & Equipment
Last Price
Quote time unavailable
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Current thesis
The raised FY2026 outlook, increased orders cited by Sanmina, and ZT capacity expansion support a constructive but conditional growth case. Arista also identifies Sanmina as a manufacturing partner for Arista products, without disclosing Sanmina-specific exposure.
Posture
Constructive
Lead driver
Value
What changed
2 setup hits (3d) with net bearish as of 2026-10-26.
What can break
AMD partnership announcements and the manufacturing-services agreement do not disclose Sanmina order volume, revenue exposure, or assured contract continuity after the ZT transfer. [#REL-f8111c17-708a-4321-8bf3-5dec3873bc70] [#REL-ffd8689e-6898-4d5c-b84a-f7e5842a340b]
Momentum
24
Value
64
Sentiment
53
Setup hits (3d)
2 · Net Bearish
AI TargetsBase $165.00 · Bull $190.00 · Bear $115.00Analysis 2026-10-23; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-26

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bearish
Target $263.00
Why
Momentum24 · Δ7d -34.8
Value64 · Δ7d +1.4
Sentiment53 · Δ7d -18.8
So what
Strength-led posture (Net Bearish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 2 setup hits (3d) with net bearish as of 2026-10-26.
  • • Value remains the lead driver in the composite, 7D delta +1.4.

Contradictions & invalidation

  • • AMD partnership announcements and the manufacturing-services agreement do not disclose Sanmina order volume, revenue exposure, or assured contract continuity after the ZT transfer. [#REL-f8111c17-708a-4321-8bf3-5dec3873bc70] [#REL-ffd8689e-6898-4d5c-b84a-f7e5842a340b]
  • • Customer concentration, cloud/AI demand changes, tariffs, and geopolitical disruption are risks identified in Sanmina's fiscal Q3 release. [#IR-2026-07-27]
  • • ZT integration, customer concentration, tariffs, and cloud/AI demand are explicit company risks.

Catalyst clock

2027-01-21

Fiscal Q4 results test raised FY2026 outlook

Lead driver: Value · See fundamentals
Momentum
24
8% active weight
Current posture
7d trendSoftening
Δ7d
-34.8
Δ21d
-57.1
Value
64
47% active weight
Current posture
7d trendImproving
Δ7d
+1.4
Δ21d
+4.6
Sentiment
53
45% active weight
Current posture
7d trendSoftening
Δ7d
-18.8
Δ21d
-3.7
Why this grade

Composite grade B. Momentum 24.1 / Value 64.4 / Sentiment 53.4

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method

B+
Bull case
25%
Probability
Target price
$190.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$165.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$115.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$8.65B
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 2026-10-26 • Updated nightlySource: Internal modelMethods & Data