Sanmina (SANM), a leader in the Electronics – Manufacturing Services industry, has received a Zacks Rank #1 (Strong Buy) due to positive earnings estimate revisions. Analysts have revised the current year’s consensus estimate from $9.64 to $10.06 and next year’s from $11.46 to $12.11 over the last 60 days. Sanmina’s growth is attributed to strong demand in cloud infrastructure, AI, medical devices, and aerospace electronics.
The company’s forward Price-to-Earnings (PE) ratio stands at 12.3x, while its Price-to-Sales ratio is under 1 at 0.73, and the PEG ratio is at 0.47. Sanmina is experiencing a significant 58% year-over-year sales growth, positioning the company within powerful trends driving global technology spending.
