Stock Track | Sanmina Plunges 9.06% After-Hours on Disappointing Q2 Outlook Despite Q1 Beat

Stock Track

01/27

Sanmina's stock experienced a significant after-hours plunge of 9.06% on Monday, following the release of its quarterly financial results.

The manufacturing solutions provider reported strong first-quarter fiscal 2026 results, with revenue of $3.19 billion beating analyst expectations of $3.08 billion and adjusted EPS of $2.38 surpassing the consensus estimate of $2.13.

However, the sharp decline in post-market trading appears to be driven by the company's second-quarter outlook, which fell short of market expectations. Sanmina forecast Q2 revenue between $3.1 billion and $3.4 billion and adjusted EPS between $2.25 and $2.55, both below what analysts had anticipated for the upcoming quarter.

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