On July 31, Sanmina rose 6.28% in regular trading, trading at 194.34 USD/share, with turnover of $31.37 million. The stock staged a meaningful rebound after absorbing post-earnings selling pressure earlier in the week.

On the news front, Sanmina reported fiscal Q3 adjusted EPS of $3.31, beating the consensus estimate of $2.77 by 19.49%, representing a 116.34% year-over-year increase. Revenue came in at $3.464 billion, surpassing the $3.396 billion estimate. However, revenue declined approximately 13.7% sequentially from the prior quarter's $4.013 billion, triggering a sharp 13.53% selloff on July 28 as investors took profits on what had been a high-growth momentum name. With the sequential slowdown now largely priced in, buyers stepped in to recover oversold positions.

At the sector level, electronic manufacturing services stocks broadly rallied, with TTM Technologies up 3.88%, Flex up 3.30%, Jabil Circuit up 2.81%, and Celestica up 0.76%, providing a supportive backdrop for the rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)