TTM TECHNOLOGIES (TTMI) Company Report

TTM Technologies projects 5-20% annual top-line growth for the next three years and aims to double its earnings from 2025 to 2027.
The Data Center Computing and Networking segments, driven by artificial intelligence, are forecast to grow over 30% this year and accounted for approximately 22% of sales through the first nine months of 2025.
The company is expanding capacity, including a 25% increase in its Chinese AI plants and a planned $200 million-$300 million investment over the next 2-3 years for equipment and refurbishments. The Syracuse facility for defense applications is on schedule to ramp up in the second half of this year, and the recently acquired Eau Claire facility in Wisconsin is expected to ramp potentially in 2027.
Aerospace and Defense remains the largest end market, comprising about 45% of 2025 sales, with a strong backlog of around $1.5 billion.
Capital deployment priorities are focused on supporting growth and expansion, with no current plans for share buybacks.

2 days ago

Transcript

TTM Technologies Outlines Growth Strategy and Financial Outlook at Needham Conference

TTMI

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

TTM Technologies targets 15-20% top-line growth annually and aims to double earnings from 2025 to 2027.
The company's Data Center Computing and Networking segment, driven by AI, is forecast to grow over 30% in 2026, supported by a 25% capacity expansion in its Chinese facilities.
Capacity expansion efforts include a new facility in Syracuse, New York, for aerospace and defense, expected to ramp up in the second half of 2026, and an acquired facility in Eau Claire, Wisconsin, with ramping potentially in 2027.
The Aerospace and Defense segment, representing approximately 45% of 2025 sales, maintains a strong backlog of around $1.5 billion and is a key focus for growth and differentiation in RF technologies.
Management plans to hold an analyst day in 2026 to update its financial model and set new targets, given the significant impact of AI and the three-year age of the previous model.

2 days ago

Transcript

TTM Technologies Outlines Strong Growth Projections and Capacity Expansion

TTMI

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

TTM Technologies projects annual top-line growth of 5-20% and expects to double its earnings from 2025 to 2027.
The company forecasts over 30% growth in its data center computing and networking sales for 2026, driven by AI, after a 44% increase in Q3 2025. TTM expanded capacity in its Chinese AI plants by 25% in 2025 and plans to invest $200-$300 million over the next 2-3 years for further expansion.
The defense business represented 45% of 2025 sales and has a backlog of approximately $1.5 billion, ensuring revenue visibility for the next 18-24 months.
The Penang facility experienced initial ramp-up challenges, causing an approximate 180 basis point headwind to Q3 2025 margins, but yields are now improving weekly.
TTM is expanding its U.S. manufacturing with a new Syracuse facility for defense, expected to ramp in H2 2026, and the Eau Claire, Wisconsin, acquisition for high-volume PCB production, with ramping anticipated in 2027.

2 days ago

Transcript

Endava Announces First Quarter Fiscal Year 2026 Results

TTMI

Earnings

Guidance Update

Demand Weakening

Endava reported revenue of £178.2 million for Q1 FY2026, representing an 8.6% year-on-year decline.
The company posted a diluted loss per share of £(0.15) and adjusted diluted EPS of £0.15 for the first quarter of fiscal year 2026.
Endava secured a multi-year strategic relationship with a leading payments company of up to $100 million.
For Q2 FY2026, Endava expects revenue to be in the range of £179.0 million to £182.0 million and adjusted diluted EPS between £0.15 and £0.17.
As of October 31, 2025, Endava had repurchased 7,139,149 American Depositary Shares for $115.9 million under its share repurchase program, with $34.1 million remaining.

Nov 11, 2025, 12:21 PM

Press Release

TTM Technologies, Inc. Reports Strong Third Quarter 2025 Results and Issues Fourth Quarter 2025 Guidance

TTMI

Earnings

Guidance Update

Revenue Acceleration/Inflection

TTM Technologies, Inc. reported net sales of $752.7 million for the third quarter of 2025, representing a 22% increase year-on-year compared to $616.5 million in Q3 2024.
Non-GAAP net income reached a quarterly record high of $71.0 million, or $0.67 per diluted share, in Q3 2025, up from $56.8 million, or $0.55 per diluted share, in Q3 2024.
Adjusted EBITDA for Q3 2025 was $120.9 million, or 16.1% of net sales.
The company generated $141.8 million in cash flow from operations, or 18.8% of net sales, during Q3 2025.
For the fourth quarter of 2025, TTM estimates net sales will be in the range of $730 million to $770 million, and non-GAAP net income will be in the range of $0.64 to $0.70 per diluted share.

Oct 29, 2025, 8:36 PM

8-K

TTM Technologies Reports Strong Q3 2025 Results and Provides Q4 Guidance

TTMI

Earnings

CEO Change

Guidance Update

TTM Technologies (TTMI) reported Q3 2025 net sales of $752.7 million, a 22% year-over-year increase, and non-GAAP EPS of $0.67. This marks the fourth consecutive quarter of sales and non-GAAP EPS exceeding the high end of the guided range.
The company achieved an adjusted EBITDA margin of 16.1% and generated $141.8 million in cash flow from operations (18.8% of sales).
Growth was primarily driven by the Aerospace and Defense (45% of sales, 20% year-over-year growth) and Data Center Computing (23% of sales, 44% year-over-year growth) end markets, with approximately 80% of total sales related to these two strong, AI-driven industries.
For Q4 2025, TTM projects net sales between $730 million and $770 million and non-GAAP EPS in the range of $0.64 to $0.70.
Edwin Rox was introduced as the new President and Chief Executive Officer, emphasizing a focus on growth, healthy gross margins, and cash generation, supported by planned investments in facilities in Penang and Syracuse.

Oct 29, 2025, 8:30 PM

Transcript

TTM Technologies Reports Strong Q3 2025 Results and Provides Q4 Guidance

TTMI

Earnings

Guidance Update

CEO Change

TTM Technologies reported strong Q3 2025 net sales of $752.7 million, marking a 22% year-over-year increase, and achieved a record non-GAAP EPS of $0.67.
The company's performance was significantly driven by Aerospace & Defense and AI-related demand in Data Center Computing, Networking, and Medical/Industrial/Instrumentation end markets, which together accounted for approximately 80% of total sales in the quarter.
For Q4 2025, TTM projects net sales to be in the range of $730 million to $770 million and non-GAAP earnings per diluted share between $0.64 and $0.70.
Edwin Roks was introduced as the new President and CEO, outlining a strategic focus on growth, healthy gross margins, and cash generation, with planned investments in facilities such as Penang and Syracuse.

Oct 29, 2025, 8:30 PM

Transcript

TTM Technologies Reports Strong Q3 2025 Results and Provides Q4 Guidance

TTMI

Earnings

Guidance Update

Revenue Acceleration/Inflection

TTM Technologies reported Net Sales of $752.7 million for Q3 2025, marking a 22% year-over-year increase and surpassing the guided range.
Non-GAAP Diluted EPS for Q3 2025 was $0.67, an increase of 22% year-over-year, also exceeding the guided range.
Operating Cash Flow for Q3 2025 significantly increased by 118% year-over-year to $141.8 million.
For Q4 2025, the company forecasts Net Sales to be between $730 million and $770 million, and Non-GAAP EPS to be between $0.64 and $0.70.

Oct 29, 2025, 8:30 PM

Presentation

TTM Technologies Reports Strong Q3 2025 Results and Provides Q4 Guidance

TTMI

Earnings

Guidance Update

Revenue Acceleration/Inflection

TTM Technologies reported Q3 2025 net sales of $752.7 million, marking a 22% year-over-year increase, and achieved a record non-GAAP EPS of $0.67.
Growth was primarily fueled by aerospace and defense (45% of sales, 20% year-on-year growth) and data center computing (23% of sales, 44% year-on-year growth), with approximately 80% of total sales attributed to these two industries and AI.
The company generated $141.8 million in cash flow from operations in Q3 2025, equivalent to 18.8% of net sales.
For Q4 2025, TTM Technologies forecasts net sales between $730 million and $770 million and non-GAAP EPS ranging from $0.64 to $0.70 per diluted share.
New CEO Edwin Roks highlighted a strategic focus on growth, maintaining healthy gross margins, and cash generation, alongside continued investments in facilities like Penang and Syracuse.

Oct 29, 2025, 8:30 PM

Transcript

TTM Technologies Reports Third Quarter 2025 Results

TTMI

Earnings

Guidance Update

Revenue Acceleration/Inflection

TTM Technologies, Inc. reported net sales of $752.7 million for the third quarter of 2025, an increase of 22% year-on-year.
The company achieved a quarterly record high non-GAAP net income of $71.0 million, or $0.67 per diluted share, in Q3 2025.
Adjusted EBITDA for Q3 2025 was $120.9 million, representing 16.1% of net sales.
Cash flow from operations in Q3 2025 was $141.8 million, or 18.8% of net sales.
For the fourth quarter of 2025, TTM estimates net sales will be in the range of $730 million to $770 million, and non-GAAP net income will be in the range of $0.64 to $0.70 per diluted share.