Shares of Sanmina Corp. jumped more than 10% on Tuesday after the electronics manufacturer reported fiscal fourth-quarter results well above Wall Street estimates and gave a fiscal 2027 forecast that beat expectations, driven by demand for AI server systems.

The stock rose $15.95 to $165.59 in morning trading on the Nasdaq, extending an 11% gain in Monday's regular session. Volume was well above average, and the company is valued at about $8.8 billion. The shares had traded as high as $180 in after-hours trading Monday before giving back part of the gain.

Sanmina, based in San Jose, California, said revenue for the quarter ended Oct. 3 rose 84% to $3.86 billion, from $2.10 billion a year earlier. Analysts had expected $3.48 billion, and the result beat the company's own forecast of $3.3 billion to $3.6 billion.

Adjusted earnings were $4.43 per share, beating the $3.19 consensus estimate by about 39%. GAAP earnings were $2.14 per........

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