Sanmina Sees 33% Pullback, Server Revenue Hits 60% Post-ZT Acquisition
Sanmina's consensus current-year earnings estimate rose 4.4% over the past 60 days, while shares have pulled back 33% year-to-date. The ZT Systems acquisition lifted server revenue to 60% of total, positioning Sanmina to build multi-billion-dollar Helios Rack assemblies for Meta and OpenAI as AMD's preferred NPI partner.
1. Analyst Estimates and Share Pullback
Sanmina's consensus current-year earnings estimate rose 4.4% over the past 60 days, while shares have pulled back 33% year-to-date, offering value potential with an improving profitability outlook.
2. ZT Systems Acquisition and Server Revenue
The acquisition of ZT Systems shifted Sanmina's revenue mix to 60% from server products and, as AMD's preferred NPI partner, the company is set to assemble multi-billion-dollar Helios Rack systems for Meta and OpenAI.
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