TTM Technologies, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $1.2 billion, up 60% year on year, an all-time record
- ➤Q3 non-GAAP EPS $1.46, up from $0.67, an all-time record
- ➤2027 preliminary revenue forecast $6.5 billion-$6.75 billion; non-GAAP EPS $8.10-$8.90
- ➤TTM plans $650 million all-cash Ophir Optics acquisition from MKS Inc. (MKSI)
- ➤Data Center and Networking sales rose 115%, driven by continued AI demand
Expert Statements
Edwin Roks, CEO of TTM Technologies, Inc.
“Once again, we delivered quarterly records for both net sales and non-GAAP EPS”
Edwin Roks, CEO of TTM Technologies, Inc.
“All key markets contributed to our 60% year on year growth with Data Center & Networking up 115%, Medical, Industrial & Instrumentation up 97%, and Aerospace & Defense up 21%.”
Edwin Roks, CEO of TTM Technologies, Inc.
“Our margin expansion efforts are producing results as evidenced by adjusted EBITDA margin exceeding 20% for the first time.”
Edwin Roks, CEO of TTM Technologies, Inc.
“Our cash flow from operations continues to be solid which gives us confidence that we can comfortably handle the leverage from recent acquisitions and capital investments.”
Edwin Roks, CEO of TTM Technologies, Inc.
“By the expected closing date of the proposed acquisition of the Ophir Optics business, we expect leverage to be within our targeted range of 1.5-2.0x”
Edwin Roks, CEO of TTM Technologies, Inc.
“TTM is well positioned for growth for the foreseeable future.”
Edwin Roks, CEO of TTM Technologies, Inc.
“We expect continued healthy growth in our key end markets, with particular strength in Data Center & Networking and Aerospace & Defense.”
Edwin Roks, CEO of TTM Technologies, Inc.
“Our close customer relationships and strong operational execution add to our confidence in this outlook.”
Edwin Roks, CEO of TTM Technologies, Inc.
“Consistent with our strategic plan, the recent acquisitions broaden our offering in differentiated, long-cycle products, add geographic diversification and provide new platforms for future growth.”
SANTA ANA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including printed circuit boards (“PCB”s) and substrates, today reported results for the third quarter of 2026, which ended on September 28, 2026.
Third Quarter 2026 Highlights * Net sales were $1.2 billion, up 60% year on year, and an all-time quarterly record * GAAP net income of $84.8 million, or $0.79 per diluted share * Adjusted EBITDA of $242.3 million, or 20.1% of net sales, an all-time quarterly record * Non-GAAP net income of $157.8 million, or $1.46 per diluted share, an all-time quarterly record * Cash flow from operations of $154.7 million, or 12.9% of net sales * Total book to bill of 2.13 * A&D end market was 34% of total net sales; and total A&D program backlog was $2.0 billion * Data Center and Networking end market was 41% of total net sales driven by continued AI demand Recent Acquisition Activity * October 19, 2026 – TTM announced plans to acquire the Ophir Optics business from MKS Inc. (NASDAQ: MKSI) for $650 million, or 10.3x expected FY 2027 Adjusted EBITDA, in an all-cash transaction that is expected to be funded through a combination of cash on hand, expected future cash flow, and borrowings under TTM’s existing revolving credit facility. This proposed acquisition is not included in current guidance.
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