Sanmina jumps as Q2 results beat outlook and board approves new $600M buyback
SANM•Sanmina shares are higher as investors react to fiscal Q2 2026 results and an expanded capital-return plan. The company reported Q2 revenue of $4.01B, non-GAAP EPS of $3.16, and authorized a new $600M share repurchase program with no expiration date.
1. What’s moving SANM today
Sanmina (SANM) is rising as the market digests the company’s fiscal second-quarter 2026 earnings release (quarter ended March 28, 2026) and a new share-repurchase authorization. Management said revenue, non-GAAP operating margin, and non-GAAP diluted EPS exceeded its outlook, and the board approved a $600 million buyback program with no expiration date. (ir.sanmina.com)
2. The key numbers behind the rally
For fiscal Q2 2026, Sanmina reported revenue of $4.01 billion, GAAP diluted EPS of $1.70, and non-GAAP diluted EPS of $3.16. The company also posted $399 million in operating cash flow and $342 million in free cash flow, while repurchasing 1.1 million shares for $160 million during the quarter. ()
