On July 28, Sanmina fell 7.56% in pre-market trading, trading at $191.6/share, with turnover of $551,400. The stock came under pressure after releasing fiscal Q3 results that, despite beating consensus estimates, revealed a significant sequential revenue deceleration.

Sanmina reported Q3 adjusted EPS of $3.31, beating the analyst consensus of $2.77 by 19.49%, representing a 116.34% year-over-year increase. Revenue came in at $3.464 billion, surpassing the $3.396 billion estimate. However, revenue declined approximately 13.7% sequentially from the prior quarter's $4.013 billion. Notably, last quarter's revenue beat exceeded expectations by over 22%, while this quarter's beat narrowed to roughly 2%, signaling a clear deceleration in growth momentum.

The market had already priced in robust growth expectations following consecutive quarters of outsized beats, and the sequential slowdown appears to have triggered profit-taking. Within the Electronic Manufacturing Services sector, peers also traded lower: Flex Ltd down 5.17%, Fabrinet down 5.06%, Jabil Circuit down 2.40%, Celestica down 1.33%, and TE Connectivity down 1.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)