SANM · NASDAQ · STOCK
Sanmina Corporation
$206.19
52W $108.37 – $288.68
65/100
$10.87B
35.6
1.60
Is SANM Bullish or Bearish?
Bullish.
Innellis AI committee rates Sanmina Corporation (SANM) Buy with a composite score of 65/100
, based on 6 analysts with 67% agreement.
Last updated August 09, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.22 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -9.78 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is news sentiment is positive (+0.60 across 42 articles, 14d). The main limiting factor is p/e of 35.3 is moderate-to-rich. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Revenue growing 58.6% YoY -- genuine top-line momentum — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.64 means this name should amplify a favorable market regime — Macro
Bear Case
- P/E of 35.3 is moderate-to-rich — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Bollinger bandwidth of 29.0% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 09, 2026
Overall Committee Score
65/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 11%
of 172 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 35.3 is moderate-to-rich
Growth Analyst
bullish
67
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 58.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock
− Bollinger bandwidth of 29.0% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
77
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.60 across 42 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 64.8 to 64.8.
Comparing 2026-08-08 to 2026-08-09 (1 day apart).
Technical Analysis
RSI (14)
52.5
Neutral
MACD Histogram
2.356
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$141.25
Resistance
$288.50
Bollinger %B
0.55
Inside Bands
Price vs Moving Averages
EMA 9
$198.78
Above
EMA 21
$203.46
Above
EMA 50
$211.90
Below
EMA 200
$181.84
Above
Fundamental Analysis
Valuation
44
Growth
75
Profitability
27
Financial Health
80
Cash Flow
70
Valuation
P/E Ratio
35.6×
P/B Ratio
4.27×
PEG Ratio
1.85
Dividend Yield
0.00%
52W High
$288.68
52W Low
$108.37
Quality & Growth
ROE
1044.6%
ROA
419.7%
Gross Margin
900.6%
Operating Margin
508.6%
Revenue Growth YoY
—
Debt / Equity
0.95
AI Fundamental Assessment
P/E ratio of 35.6 (rich relative to a 15-40x range); Price-to-book of 4.3x; PEG ratio of 1.8 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 10.4%; Return on assets of 4.2%; Net margin of 2.4%; Gross margin of 9.0%; Current ratio of 1.78 (healthy short-term liquidity); Debt-to-equity of 0.95; Free cash flow per share is positive (19.09); Most recent quarter beat estimates by 17.0%; 5 consecutive earnings beats; EPS growth decelerating (+32.8% -> +4.7% QoQ); Average YoY EPS growth of 116.3%; Analyst estimates rising over recent quarters
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