Sanmina: The 2027 Guidance Provides Comfort
Sanmina reported strong Q2 results with revenue reaching $4.01 billion, driven by the ZT Systems acquisition and high demand in AI and data centers. Despite exceeding expectations, the company expects revenue to normalize in the second half of 2024 to a $14 billion annual run rate. The 2027 guidance of over $16 billion in sales and $11 in earnings per share provides investors with forward-looking confidence.
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