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.)
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