Ttm Technologies Stock Earnings Reports

TTM reported an excellent Q1 2026: revenue of $846M (up 30% YoY) and record non-GAAP EPS of $0.75, driven by strong demand in data center & networking (36% of sales, +61% YoY), aerospace & defense (40% of sales, +11% YoY) and medical/industrial/instrumentation (16% of sales, +61% YoY). Adjusted EBITDA was $132.9M (15.7% margin). Backlog remains healthy at $1.6B with a 90‑day backlog of $787M and an overall book‑to‑bill of 1.41. Cash flow from operations was positive ($21.7M) despite increased working capital; free cash flow was a use of $85M reflecting heavy CapEx. Management increased FY26 CapEx guidance to $300–$320M (previously ~ $240–$260M) to accelerate capacity and equipment orders for AI/data center demand. Penang ramp trends are improving (yields moving toward breakeven), and the company emphasizes technology leadership, multi-site manufacturing flexibility (China, Malaysia, Canada, U.S.) and long-term participation in AI and defense megatrends. For Q2 2026 management guided net sales of $930M–$970M and non‑GAAP EPS of $0.82–$0.88, and reiterated multi-year targets (previously communicated) to grow revenues ~15–20% annually and double earnings from 2025–2027.