TTM Technologies, Inc. Earnings Recaps
Q2 2026
Aug 7, 2026
TTM Technologies shares rose modestly by 2.7% post-earnings, reflecting solid execution and broad-based demand, though the move suggests investors are digesting strong top-line growth and margin expansion without significant upside surprises.
Key takeaways
- Revenue reached a record quarterly high of $1.0 billion, growing 37% year-over-year, fueled primarily by demand in data center and networking end markets tied to AI.
- Non-GAAP EPS rose 71% year-over-year to $0.99, also a record, supported by strong margin expansion.
- Adjusted EBITDA margin improved by 160 basis points to 16.6% year-on-year, driven largely by favorable sales mix.
- Aerospace and defense sales grew 14% year-over-year, comprising 37% of total revenue, with strong operational performance across most facilities.
- Management affirmed earlier guidance of $4 billion in full-year sales for 2026 and maintained optimistic organic revenue growth of 15% to 20% for 2027 and 2028.
Q3 2025
Oct 30, 2025
TTM Technologies delivered impressive third-quarter results, with 22% year-on-year sales growth driven by strong demand in data centers and aerospace markets, exceeding guidance for the fourth consecutive quarter. Non-GAAP EPS reached a remarkable $0.67, reinforcing the company's operational efficiency.
Key takeaways
- Sales growth of 22% YoY, supported by increased demand in data center computing and aerospace and defense sectors.
- Aerospace and defense accounted for 45% of total sales, indicating robust market performance and strong program backlogs.
- Adjusted EBITDA margin remained steady at 16.1%, reflecting consistent operational execution despite external pressures.
- Cash flow from operations totaled $141.8 million, equating to 18.8% of sales, highlighting strong liquidity and financial health.
- Continued progress in expanding manufacturing capabilities, with expected growth from the Penang facility and advancements in the Ultra-HDI PCB facility in Syracuse.