NASDAQ · STOCK
Sanmina Corporation
$185.43
52W $108.37 – $288.68
58/100
$9.95B
32.6
1.56
Is SANM Bullish or Bearish?
Bullish.
Innellis AI committee rates Sanmina Corporation (SANM) Buy with a composite score of 58/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +17.17 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 — -2.83 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
Some positive signals exist — news sentiment is positive (+0.53 across 33 articles, 14d) — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.
Bull & Bear Case
Bull Case
- Revenue growing 44.5% YoY -- genuine top-line momentum — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.63 means this name should amplify a favorable market regime — Macro
- News sentiment is positive (+0.53 across 33 articles, 14d) — News
Bear Case
- P/E of 37.5 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 29.8% 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 July 31, 2026
Overall Committee Score
58/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 16%
of 172 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 37.5 is moderate-to-rich
Growth Analyst
bullish
67
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 44.5% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− 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 29.8% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
75
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.53 across 33 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 57.2 to 57.8.
- Conviction changed from contested to moderate.
- Committee agreement increased sharply from 43% to 71%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 6 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: stance bearish->neutral; score 38->48 (+10).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
40.4
Neutral
MACD Histogram
-2.229
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$141.25
Resistance
$288.50
Bollinger %B
0.22
Inside Bands
Price vs Moving Averages
EMA 9
$191.58
Below
EMA 21
$204.38
Below
EMA 50
$214.15
Below
EMA 200
$180.82
Above
Fundamental Analysis
Valuation
53
Growth
75
Profitability
0
Financial Health
80
Cash Flow
37
Valuation
P/E Ratio
32.6×
P/B Ratio
3.90×
PEG Ratio
1.69
Dividend Yield
0.00%
52W High
$288.68
52W Low
$108.37
Quality & Growth
ROE
10.4%
ROA
4.2%
Gross Margin
9.0%
Operating Margin
5.1%
Revenue Growth YoY
—
Debt / Equity
0.95
AI Fundamental Assessment
P/E ratio of 32.6 (rich relative to a 15-40x range); Price-to-book of 3.9x; PEG ratio of 1.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.0%; Net margin of 0.0%; Gross margin of 0.1%; Current ratio of 1.78 (healthy short-term liquidity); Debt-to-equity of 0.95; Free cash flow margin of 0.7% (thin cash generation); 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
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