Sanmina Q1 Revenue Surges 59% to $3.19 Billion with IMS Up 72%
Sanmina's fiscal Q1 2026 revenues jumped 59% year over year to $3.19 billion, with its IMS segment growing 72% on surging AI infrastructure demand. Operating cash flow hit $179 million as Q1 earnings estimates rose 4.4% to $10.06, underpinned by an AMD partnership and a new Houston energy facility.
1. Q1 Fiscal 2026 Performance
Sanmina kicked off fiscal 2026 with first-quarter revenues of $3.19 billion, a 59% increase over the prior year, driven by 72% growth in its Integrated Manufacturing Services segment following the acquisition of ZT Systems.
2. Strategic Partnerships and Facility Expansion
A partnership with AMD designates Sanmina as a preferred U.S.–based manufacturer for next-generation cloud rack and AI cluster deployments, while its newly opened Houston energy facility will produce medium-voltage transformers and switchgear under initial customer contracts.
3. Financial Outlook and Cash Flow
Robust operating cash flow of $179 million underscores Sanmina’s capacity to fund growth, and analysts have increased the fiscal 2026 earnings estimate by 4.4% to $10.06 per share following a 6.75% average quarterly earnings surprise and a 37.5% six-month stock gain.