Movement Alert|Sanmina Falls 13.53% in Regular Trading, Q3 Revenue Declines Sequentially as Growth Momentum Slows

Market Focus07-28

On July 28, Sanmina fell 13.53% in regular trading, trading at 168.06 USD/share, with turnover of $51.40 million.

On the news front, Sanmina reported third fiscal quarter results after market close on July 27. While year-over-year revenue growth remained strong, revenue declined approximately 13.7% sequentially from the prior quarter's $4.013 billion. The earnings beat narrowed sharply from over 22% last quarter to roughly 2%, signaling a clear deceleration in growth momentum. The market had already priced in sustained high growth following last quarter's 102.5% year-over-year surge, and the sequential pullback triggered widespread profit-taking.

Within the Electronic Manufacturing Services sector, the broader group came under significant pressure. Among peers, Celestica rose 3.32%, Flex Ltd fell 9.05%, Fabrinet fell 5.84%, TTM Technologies fell 12.74%, and TE Connectivity fell 0.66%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment