Stock Track | Sanmina Soars 5.02% Intraday on Strong Earnings and Sector Strength

Stock Track

05/08

Sanmina's stock price surged 5.02% during intraday trading, continuing its recent upward trend.

The rally is driven by the company's outstanding financial performance. Sanmina recently reported robust FY26 second-quarter results, with revenue skyrocketing 102.5% year-over-year and net income attributable to shareholders reaching $143 million, a 10.62% increase from the previous year. Earnings per share came in at $2.63, providing solid fundamental support for the share price.

Furthermore, the positive movement is bolstered by broad strength in the Electronic Manufacturing Services sector. Key industry peers, including Flex Ltd, TTM Technologies, Fabrinet, TE Connectivity, and Celestica, all posted gains during the session, reflecting a favorable market environment for the sector.

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