New York, January 5, 2026, 15:37 EST — Regular session
- Sanmina shares reversed lower after opening near the day’s high.
- Electronics manufacturing services peers also fell, led by Jabil’s drop after an acquisition announcement.
- Investors are bracing for Friday’s U.S. jobs report and a late-January/early-February earnings window for Sanmina.
Sanmina Corp (SANM.O) shares fell 5.1% to $151.12 in afternoon trading on Monday after the contract manufacturer gave up an early rally that pushed the stock above $165. The stock opened at $164.72 and later touched a session low of $150.37.
The slide left Sanmina lagging even as Wall Street rallied, with the Dow pushing to a record high on gains in financial and energy stocks. Investors were positioning ahead of Friday’s nonfarm payrolls report, a key read on the labor market that can sway expectations for interest rates.
Manufacturing data added another headwind. A closely watched factory survey from the Institute for Supply Management showed U.S. manufacturing activity slipped to a 14-month low in December, with its PMI at 47.9 — below 50, which signals contraction.
The weakness was broad across electronics manufacturing services (EMS) names, a group that builds electronics for other brands. Jabil slid 7.2% after it said it acquired Hanley Energy Group, a data-center power management company, in an all-cash deal.
Flex fell 3.1% and Celestica dropped 3.7%, underscoring the pressure on the sector even as the broader market held firm.
Sanmina manufactures and services complex electronics across end-markets including industrial, communications networks and cloud and AI infrastructure, according to its company profile. That exposure can make the stock sensitive to shifts in spending on networking and data-center hardware.
The company has been expanding its footprint in data-center equipment after AMD completed the sale of ZT Group Int’l, the ZT Systems manufacturing business, to Sanmina in October, an SEC filing showed.
In its most recent earnings release, CEO Jure Sola said, “We delivered strong results for the fourth quarter,” and the company guided first-quarter fiscal 2026 revenue of $2.9 billion to $3.2 billion, with non-GAAP diluted EPS of $1.95 to $2.25. Non-GAAP figures exclude certain items the company says are not part of ongoing operations. SEC
Traders were also watching technical levels after the sharp intraday reversal. The $150 area acted as support — a price zone where buyers tend to step in — while $165 marked near-term resistance after the early peak.
But risks remain. Sanmina has flagged factors including integration execution around ZT Systems, demand swings in cloud and AI infrastructure, and changes in tariffs and trade policy that could hit costs and customer orders.
