Sanmina Projects FY 2027 Revenue Growth Driven by AI and Cloud Demand
Sanmina (SANM) shares surged approximately 20% in pre-market trading following the release of an optimistic fiscal 2027 outlook. The company projects revenue between $17.5 billion and $19.5 billion, positioning its upper guidance slightly above the current market consensus of $19.41 billion. The projected growth is primarily attributed to accelerating demand for cloud computing and artificial intelligence infrastructure. This surge in high-tech sector requirements is expected to drive significant expansion across Sanmina's diverse business segments through fiscal 2027.
Tickers: $SANM
Topics: AI infrastructure cloud demand revenue projection stock price movement