Sanmina jumps nearly 4% as buyback and raised outlook keep post-earnings rally alive
SANM•Sanmina shares rose about 3.9% on May 6, 2026 as investors continued to buy into the company’s recent Q2 fiscal 2026 earnings beat, raised outlook, and new $600 million share-repurchase authorization. The move extends post-results momentum tied to rapid growth in cloud and AI infrastructure manufacturing following the ZT Systems acquisition.
1. What’s moving the stock
Sanmina (SANM) climbed roughly 3.9% in Wednesday trading (May 6, 2026), with the day’s strength largely reflecting continued follow-through from the company’s late-April earnings catalyst. The latest leg higher comes as investors re-rate the stock on (1) an earnings beat for fiscal Q2 2026 (ended March 28, 2026), (2) a higher outlook for the next quarter and full year, and (3) the company’s newly authorized $600 million share-repurchase program. (ir.sanmina.com)
