Sanmina's stock surged 11.65% in after-hours trading on Monday, following the release of its fiscal second-quarter financial results.

The significant price jump was driven by the company reporting quarterly adjusted earnings of $3.16 per share, soundly beating the consensus estimate of $2.40. Revenue for the quarter more than doubled year-over-year to $4.01 billion, also surpassing analyst expectations of $3.29 billion. Management highlighted that demand from ZT Systems significantly exceeded expectations due to strong execution and accelerated compute shipments. Furthermore, the company's board authorized a new $600 million share repurchase program.

Adding to the positive sentiment, Sanmina provided optimistic guidance for the coming periods. For the third quarter, the company expects adjusted EPS between $2.55 and $2.85, and for the full fiscal year 2026, it forecasts adjusted EPS in the range of $10.75 to $11.35, both at the high end of or above current analyst consensus.