News

Sanmina (NASDAQ:SANM) Posts Better-Than-Expected Sales In Q1 But Quarterly Revenue Guidance Misses Expectations

Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 8.1% year on year to $1.98 billion. On the other hand, next quarter’s revenue guidance of $1.98 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 2.5% above analysts’ consensus estimates.

Why Is Peloton (PTON) Stock Rocketing Higher Today

Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 6.4% in the pre-market session after Truist analysts upgraded the stock's rating from Hold to Buy, signaling renewed confidence in the company's turnaround efforts. In their note, the firm emphasized that more than three years after initially downgrading Peloton, they saw tangible improvements in the company's fundamentals.