Sanmina shares rallied after the company's guidance for the new year topped Wall Street's consensus.

The stock gained 20.2% to $179.90 in after-hours trading Monday. Through the close, shares were are down 26% in the last three months.

The company, which makes and repairs parts for original equipment manufacturers, said it expects full-year revenue in fiscal 2027 to be $17.50 billion to $19.50 billion. That is ahead of the $16.61 billion that analysts were projecting, according to FactSet.

It anticipates adjusted earnings per share of $15.50 to $17.50, above analysts' estimates of $14.07 a share.

For the current fiscal first quarter, Sanmina forecasts $3.8 billion to $4.1 billion of revenue and $3.50 to $3.85 in adjusted earnings per share. Analysts were looking for $3.42 billion of revenue and $2.82 a share for adjusted earnings.

Sanmina expects demand to remain strong in the new fiscal year, Chief Executive Jure Sola said. Demand is being driven by the company's position in the cloud and AI infrastructure end market.

The guidance came after fiscal fourth-quarter revenue climbed 84% to $3.86 billion. Profit climbed to $118 million, or $2.14 a share, from $48.1 million, or 88 cents a share, the year before.