Sanmina Corporation (NASDAQ:SANM) saw its price target raised to $200 from $170 by Argus on January 27, with a “Buy” rating. The firm highlighted the company’s Q1 2026 earnings beat and strong manufacturing presence in the Americas. Tariffs have had minimal impact on Sanmina, which boasts agile manufacturing capabilities and a global footprint.

In its Q1 2026 results released on January 26, Sanmina Corporation (NASDAQ:SANM) reported revenues of $3.19 billion and GAAP diluted EPS of $0.89. Strong performance in the Communications Networks and Cloud & AI Infrastructure sectors, driven by demand for AI-driven hardware, contributed to these results. For Q2 2026, the company expects revenue between $3.1 billion and $3.4 billion, with non-GAAP diluted EPS ranging from $2.25 to $2.55.

Sanmina Corporation (NASDAQ:SANM) is an integrated manufacturing solutions provider serving the global Electronics Manufacturing Services (EMS) market. While Sanmina shows promise as an investment, some AI stocks may offer greater potential upside with lower downside risk. For insights on an undervalued AI stock poised to benefit from current trends, check out a free report on the best short-term AI stock.

Argus raised Sanmina Corporation’s (NASDAQ:SANM) price target, praising its Q1 2026 performance and strong manufacturing presence. The company’s Q1 results showed solid revenues and earnings, with a positive outlook for Q2. As an integrated manufacturing solutions provider, Sanmina caters to the expanding EMS market.

Read more at Yahoo Finance: Argus Raises PT on Sanmina (SANM) Stock