Sanmina Reports Strong Q3 Earnings with Revenue Growth Driven by AI Infrastructure
Sanmina Corporation (NASDAQ:SANM) reported strong third-quarter results, with revenue reaching $3.46 billion—a year-over-year increase of 69.7%. The growth was driven primarily by its core business and the contribution from ZT Systems, which added $1.1 billion in revenue. Non-GAAP operating margin rose to 8.0%, while diluted earnings per share more than doubled to $3.31. AI infrastructure remains a key driver for Sanmina, accounting for 62% of total revenue during the quarter. The company is investing heavily in power solutions, liquid cooling systems, and automation capacity to support next-generation accelerated-compute demand expected to begin contributing in fiscal Q1 2027. Management expressed confidence in achieving $14 billion–$14.3 billion in full-year revenue for fiscal 2026 and expects to exceed $16 billion by fiscal 2027 due to growing AI data-center demand.
Tickers: $SANM
Topics: AI infrastructure non-GAAP earnings revenue growth ZT Systems acquisition