NASDAQ: SANM · Hardware, Equipment & Parts
Sanmina (SANM) fair value: undervalued or overvalued?
As of 26 Sep 2026, Faircurve's model values Sanmina (SANM) at $258.36 a share. The stock last closed at $229.04, which puts the model's fair value 12.8% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Sanmina Corporation.
Faircurve Insights · 26 Sep 2026
Sanmina Corporation delivers comprehensive manufacturing services, encompassing components, finished goods, repair, supply chain management, and post-sale support on a global scale. The company is in Technology, Hardware, Equipment & Parts.
Faircurve's model found a fair value of $258.36 a share on 26 Sep 2026, the midpoint of 2,000 simulations. The previous run, on 19 Sep 2026, gave $236.95, and the fair value moved +9.0%. The calibrated range over 63 trading days is $216.76 to $315.02, built from the fair value, and ranges built this way held the price 60% of the time at this horizon. The model's evidence grade is High.
The overall quality score is 74 out of 100, against comparable companies including Vicor Corporation (VICR) and Fortive Corporation (FTV). Profitability is 73 with an ROIC of 13.8%, against a peer median of 9.3%. Earnings quality is 84, with FCF / net income at 1.93x against a peer median of 1.26x. Moves around the last 8 earnings reports had a median size, ignoring direction, of 16.4%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give SANM?
The calibrated range for SANM over 63 trading days is $216.76 to $315.02. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $204.39 to $320.45. In 69% of the simulations the fair value came out above the price the model ran on.
How does SANM score on business quality?
Sanmina's overall quality score is 74 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 73 | 13.8%ROIC | 9.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 84 | 1.93xFCF / net income | 1.26x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 73 | 7.4%Revenue growth, trailing | 8.1% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 64 | 2.0%Net buybacks / market value | 0.9% |
| Balance sheetNet debt to EBITDA and interest coverage. | 41 | 0.88xNet debt / EBITDA | 0.53x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 100 | 0.2 ptsEBITDA margin downside volatility, 5y | 1.3 pts |
How does SANM compare with similar companies?
The companies in hardware, equipment & parts closest to Sanmina in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| VICR Vicor Corporation | $308.90 | $260.21 | -15.8% | Overvalued |
| AEIS Advanced Energy Industries, Inc. | $304.28 | $299.09 | -1.7% | Fairly valued |
| LFUS Littelfuse, Inc. | $456.53 | $462.77 | +1.4% | Fairly valued |
| TTMI TTM Technologies, Inc. | $131.87 | $130.07 | -1.4% | Fairly valued |
| TRMB Trimble Inc. | $57.52 | $60.40 | +5.0% | Fairly valued |
| CGNX Cognex Corporation | $64.97 | $53.21 | -18.1% | Overvalued |
| FN Fabrinet | $463.69 | $431.48 | -6.9% | Fairly valued |
| FTV Fortive Corporation | $57.47 | $49.53 | -13.8% | Fairly valued |
All hardware, equipment & parts stocks ranked by gap to fair value
When does SANM report earnings, and how has the stock reacted?
Sanmina's next earnings report is scheduled for 2 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 9.2% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How SANM moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 16.4%.
| Report date | Two session move |
|---|---|
| 27 Jul 2026 | -17.3% |
| 27 Apr 2026 | +12.1% |
| 26 Jan 2026 | -19.5% |
| 3 Nov 2025 | +19.4% |
| 28 Jul 2025 | +22.5% |
| 28 Apr 2025 | +15.5% |
| 27 Jan 2025 | -3.6% |
| 4 Nov 2024 | +4.3% |
Sanmina at a glance
Sanmina Corporation delivers comprehensive manufacturing services, encompassing components, finished goods, repair, supply chain management, and post-sale support on a global scale.
- Market value
- $12.0B
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Revenue expected, next twelve months
- $16.4B
- Consensus revenue growth, next fiscal year
- +74.0%
- Analysts with estimates
- 4
- Beta to the US market
- 2.58
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Sanmina on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for SANM was $236.95. As of 26 Sep 2026 it is $258.36, a change of +9.0%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Sanmina's valuation
Is Sanmina stock undervalued or overvalued?
On Faircurve's model, SANM reads as Fairly valued as of 26 Sep 2026. The model's fair value is $258.36 a share against a last close of $229.04, a gap of +12.8%.
What is SANM's fair value?
$258.36 a share as of 26 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $204.39 to $320.45.
What price range does the model give SANM?
$216.76 to $315.02 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Sanmina report earnings next?
The next report is scheduled for 2 Nov 2026. Companies can move their dates.
How much has SANM moved on past earnings reports?
Across its last 8 reports the median two session move was 16.4%, ignoring direction. The largest was +22.5% around the report of 28 Jul 2025.
How confident is the model in this valuation?
The model's evidence grade for SANM is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.