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Can Sanmina's Diversified Medical Portfolio Boost Its Competitive Edge?

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Key Takeaways

  • SANM manufactures diverse medical devices, from diagnostic equipment to surgical robots.
  • Its end-to-end services cover design, engineering, assembly, testing, repair and supply chain management.
  • Sanmina partners with Microbot Medical to manufacture its LIBERTY robotic system.

Sanmina Corporation (SANM - Free Report) is a global manufacturing company serving the healthcare and medical technology industry. It works with medical device manufacturers to design, develop and produce advanced medical equipment. The company continues to strengthen its healthcare business through investments in diagnostic systems and advanced manufacturing technologies.

Sanmina manufactures and supports a wide range of medical technologies, including CT scanners, MRI machines, X-ray and ultrasound equipment, and diagnostic systems. Its medical portfolio also covers blood glucose meters, thermometers, wearable health monitors, disposable insulin pumps, continuous glucose monitors, patient monitoring systems, pulse oximeters and surgical robotic systems. The company supports cardiovascular and respiratory care technologies, including pacemakers, cardiac monitors and ventilators.

The company provides complete manufacturing services for medical products, including design, engineering, electronic assembly, testing and repair. It manages supply chain operations to ensure smooth sourcing, production and product delivery. Sanmina also manufactures single-use and personal healthcare devices through automated production processes. Its medical facilities follow quality and safety standards, including ISO 13485, FDA requirements and MDSAP certification at selected locations.

Sanmina has partnered with Microbot Medical to manufacture its LIBERTY Endovascular Robotic System, strengthening its presence in the medical robotics market. With its global manufacturing network and engineering expertise, the company is well positioned to benefit from the growing demand for advanced medical devices and healthcare technologies.

How Are Competitors Advancing in the Healthcare Sector?

Sanmina faces competition from Jabil, Inc. (JBL - Free Report) and Celestica Inc. (CLS - Free Report) . Jabil is expanding its presence in the healthcare sector by providing manufacturing and supply chain solutions for medical device and pharmaceutical companies. Its capabilities cover drug delivery systems, diagnostic equipment, patient monitoring devices and connected healthcare technologies. Jabil supports product development, specialized packaging and large-scale production to help healthcare customers bring innovative products to market.

Celestica is strengthening its healthcare business through advanced electronics manufacturing and system integration capabilities. It supports medical applications such as diagnostic imaging, surgical robotics, laboratory testing equipment and minimally invasive medical devices. Celestica focuses on precision engineering, complex electronic assemblies and high-reliability manufacturing to meet the growing demand for advanced medical technologies.

SANM's Price Performance, Valuation & Estimates

Sanmina shares have plunged 22.8% compared with the industry’s decline of 18%.

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From a valuation standpoint, the company’s shares currently trade at 9.33 forward 12-month earnings, lower than the industry tally of 12.33.

Zacks Investment Research
Image Source: Zacks Investment Research

Earnings estimates for 2026 have moved up 0.1% to $12.12 per share over the past 60 days, while the same for 2027 has increased 1.4% to $14.14.

Zacks Investment Research
Image Source: Zacks Investment Research

Sanmina currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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