TTM Technologies, Inc. Q2 2026 Earnings Recap

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.