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TTM Technologies Inc
F:TT1

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TTM Technologies Inc
F:TT1
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Price: 149.35 EUR -8.71% Market Closed
Market Cap: €15.2B

TTM Technologies Inc
Investor Relations

TTM Technologies makes printed circuit boards and other electronic interconnect products that help electronic systems carry signals and power between chips, components, and antennas. It also builds RF and microwave assemblies and related parts used in demanding systems where performance and reliability matter, such as radar, satellites, communications gear, medical devices, industrial equipment, and vehicles. The company sells mainly to original equipment makers and contract manufacturers that build finished electronics, plus defense and aerospace customers that need specialized, high-reliability hardware. TTM earns money by manufacturing these parts to customer specifications and charging for design support, fabrication, assembly, and testing. In many cases, it is an important middle step in the electronics supply chain rather than a consumer brand. What makes TTM’s business different is that it focuses on complex, high-mix products where engineering and manufacturing quality matter more than volume alone. A large part of its business serves markets that require tight tolerances, advanced materials, and long product lifecycles, which can make customer relationships sticky and the products harder to replace with generic alternatives.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Strong quarter: TTM reported record quarterly revenue of $846 million, up 30% year over year, and record non-GAAP EPS of $0.75, both above guidance.

AI demand: Data center and networking sales rose 61% year over year as demand for AI-driven infrastructure accelerated, and management said it expects that momentum to continue.

A&D strength: Aerospace and defense made up 40% of sales, grew 11% year over year, and ended with a $1.6 billion program backlog and a 1.1 book-to-bill.

CapEx raised: Full-year capital spending is now expected to be $300 million to $320 million, up from a prior range centered around $250 million, as TTM accelerates investment to keep pace with demand.

Margins improved: Gross margin rose to 22.3% and operating margin to 12.8%, helped by higher volume, favorable mix, and operating discipline.

Outlook upbeat: Second-quarter guidance calls for sales of $930 million to $970 million and EPS of $0.82 to $0.88, with management saying first-half growth should carry into the second half.

Key Financials
Revenue
$846 million
EPS
$0.75
Gross Margin
22.3%
Operating Margin
12.8%
Adjusted EBITDA Margin
15.7%
Aerospace and Defense Sales Share
40%
Aerospace and Defense Sales Growth
11%
Aerospace and Defense Book-to-Bill
1.1
Aerospace and Defense Backlog
$1.6 billion
Data Center and Networking Sales Share
36%
Data Center and Networking Sales Growth
61%
Medical, Industrial and Instrumentation Sales Share
16%
Medical, Industrial and Instrumentation Sales Growth
61%
Automotive Sales Share
8%
Book-to-Bill Ratio
1.41
Commercial Book-to-Bill Ratio
1.65
Aerospace and Defense Book-to-Bill Ratio
1.10
90-Day Backlog
$787 million
GAAP Operating Income
$72.4 million
GAAP Net Income
$50 million
GAAP EPS
$0.47
Selling and Marketing Expense
$23.7 million
General and Administrative Expense
$49.3 million
Interest Expense
$10 million
Interest Income
$2.5 million
Foreign Exchange and Other Non-Operating Expense
$6.8 million
Tax Rate
14.5%
Non-GAAP Net Income
$80.1 million
Operating Cash Flow
$21.7 million
Free Cash Flow
negative $85 million
Q2 2026 Revenue Guidance
$930 million to $970 million
Q2 2026 EPS Guidance
$0.82 to $0.88
Q2 2026 Diluted Share Count
approximately 107.5 million
Q2 2026 R&D Expense
about 1% of net sales
Q2 2026 Depreciation
approximately $32.1 million
Q2 2026 Amortization of Intangibles
approximately $9.2 million
Q2 2026 Stock-Based Compensation
approximately $11.5 million
Q2 2026 Noncash Interest Expense
approximately $0.5 million
Full-Year CapEx
$300 million to $320 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thomas T. Edman
President, CEO & Director
No Bio Available
Mr. Daniel L. Boehle CPA
Executive VP & CFO
No Bio Available
Mr. Philip Titterton
Executive VP & COO
No Bio Available
Mr. Douglas L. Soder
Executive VP & President of Commercial Sector
No Bio Available
Ms. Catherine A. Gridley
Executive VP and President of Aerospace & Defense (A&D) Sector
No Bio Available
Mr. Sameer Desai
Vice President of Corporate Development & Investor Relations
No Bio Available
Mr. Daniel J. Weber
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. O. Clay Swain
Senior Vice President of Marketing
No Bio Available
Mr. Anthony J. Sandeen
Senior Vice President of AMI&I & Global Sales
No Bio Available
Mr. Shawn Powers
Executive VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
CALIFORNIA
Santa Ana
200 Sandpointe Ave Ste 400
Contacts
+17143273000.0
www.ttm.com
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