Key Highlights

  • Sanmina Corporation (NASDAQ:SANM) was quoted at USD 179.50 pre-market on Tuesday, November 10, 2026, up 19.95% from a calculated prior close of USD 149.65 set on Monday, November 9.
  • Fiscal fourth-quarter Revenue was USD 3.86 billion against USD 2.10 billion a year earlier, with non-GAAP EPS of USD 4.43 against USD 1.67 and GAAP EPS of USD 2.14.
  • Fiscal 2027 guidance calls for revenue of USD 17.5 billion to USD 19.5 billion and non-GAAP EPS of USD 15.50 to USD 17.50, about 27% and 24% growth at the midpoint.
  • Fiscal 2026 revenue was USD 14.53 billion, free Cash Flow was USD 541 million, and cash was USD 1.68 billion against total Debt of about USD 2.09 billion.

What Moved Sanmina Pre-Market (+19.95%)

The company release dated November 9, 2026 covered the fiscal quarter ended October 3, 2026. Revenue of USD 3.86 billion compares with USD 2.10 billion a year earlier. GAAP Operating Margin was 6.0% and non-GAAP operating margin was 9.0%. Cash flow from operations was USD 242 million and free cash flow was USD 83 million. The company repurchased 0.8 million shares for USD 154 million in the quarter. For the full fiscal year, revenue was USD 14.53 billion against USD 8.13 billion, non-GAAP EPS was USD 13.28, GAAP EPS was USD 6.85, and GAAP Net Income was USD 378.0 million.

Rationale: Guidance and General Mechanisms

The identified catalyst is the Earnings release and the fiscal 2027 outlook. First-quarter revenue is guided to USD 3.8 billion to USD 4.1 billion with non-GAAP EPS of USD 3.50 to USD 3.85, and a non-GAAP operating margin of 7.0% to 7.5%. The full-year range of USD 17.5 billion to USD 19.5 billion implies continued growth. As general context, stocks often gap on guidance that exceeds estimates, and a margin outlook of 7.0% to 7.5% against 7.4% for fiscal 2026 signals stable profitability. Quarterly non-GAAP EPS of USD 4.43 is far above the GAAP figure, so adjustments matter. The gap between the two is USD 2.29 per share, calculated, and the fiscal year gap is USD 6.43 per share, calculated, so investors should read the reconciliation in the filing before relying on the headline figure.

Valuation, Liquidity and Risks

Published market data listed a Market Value of USD 8.02 billion, a price to earnings ratio of 21.85 and an average Volume of 1.03 million shares. The 52-week range is USD 118.10 to USD 288.68, so USD 179.50 sits 37.8% below the high, calculated. Long-term debt rose to USD 1.92 billion from USD 283.0 million a year earlier, and Short-Term Debt to USD 172.0 million from USD 17.5 million, so interest costs may rise. Pre-market volume is thin, spreads can be wide, and a gap of this size can reverse at the open. Share repurchases were USD 393 million for fiscal 2026, or about 2.4 million shares, which supports per-share results but also uses cash that debt funding helped supply. Nothing here implies the move will continue.

Where Things Stand

The pre-market gain in Sanmina Corporation (NASDAQ:SANM) follows the November 9, 2026 release: fiscal Q4 revenue of USD 3.86 billion, non-GAAP EPS of USD 4.43 and fiscal 2027 revenue guidance of USD 17.5 billion to USD 19.5 billion. At USD 179.50, the stock is 19.95% above the calculated USD 149.65 close but below its USD 288.68 high.