Sanmina Corporation
In the published model solve dated 2026-Q2, anchored at $199.04, Sanmina Corporation (SANM) is priced for +16.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- The trajectory just changed shape: second-quarter fiscal 2026 revenue roughly doubled year over year to about $4.01 billion, driven by the ZT Systems acquisition that lifted cloud and AI infrastructure to about 63% of revenue. Core Sanmina grew 7.3%. - This is a thin-margin contract manufacturer (trailing operating margin 3.6%) being repriced as an AI-infrastructure beneficiary. The price is paying for durable compounding the static frames cannot capture, which is also the assumption most at r
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440 institutional managers reported holding SANM in 13F filings for the quarter ended 2026-03-31. 68 opened new positions that quarter. Held by BlackRock, FMR (Fidelity), Vanguard Group, among others. On the short side, 2.1M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SANM has cut its share count 17% over the past five years, spending $448.52M on repurchases. It pays no dividend. Cash returned over the past three years: $63.28M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SANM over the trailing three years: 2026: 1 buy totaling $100k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SANM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-23 | -5.3% | +15.3% |
| 2023-08-03 | -3.7% | -3.7% |
| 2023-11-17 | -15.2% | +2.7% |
| 2024-02-01 | +29.0% | -1.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SANM's latest 8-K filings: 2026-07-27 (items 2.02, 9.01); 2026-04-27 (items 2.02, 9.01); 2026-03-12 (items 5.02, 5.07, 9.01); 2026-01-26 (items 2.02, 9.01); 2025-12-12 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.