SANM · NASDAQ · STOCK
Sanmina (SANM) Stock Analysis
$217.84
52W $118.10 – $288.68
63/100
$11.66B
38.2
1.61
Is SANM Bullish or Bearish?
Bullish.
Innellis AI committee rates Sanmina Corporation (SANM) Buy with a composite score of 63/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.35 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 — -7.65 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 committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.40 across 19 articles, 14d). Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 58.6% YoY -- genuine top-line momentum — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 36.9 is moderate-to-rich — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 22.4% 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 October 10, 2026
Overall Committee Score
63/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 19%
of 287 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 36.9 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
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock
− Bollinger bandwidth of 22.4% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.40 across 19 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 62.6 to 62.6.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Technical Analyst: +1 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
50.2
Neutral
MACD Histogram
-0.631
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$162.61
Resistance
$288.50
Bollinger %B
0.58
Inside Bands
Price vs Moving Averages
EMA 9
$219.05
Below
EMA 21
$215.19
Above
EMA 50
$210.69
Above
EMA 200
$190.86
Above
Fundamental Analysis
Valuation
37
Growth
75
Profitability
27
Financial Health
80
Cash Flow
70
Valuation
P/E Ratio
38.2×
P/B Ratio
4.58×
PEG Ratio
1.98
Dividend Yield
0.00%
52W High
$288.68
52W Low
$118.10
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 38.2 (rich relative to a 15-40x range); Price-to-book of 4.6x; PEG ratio of 2.0 (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 (11.03); 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
Get the Full SANM Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →