earnings
confidence high
sentiment positive
materiality 0.70
TTM Q2 revenue beats guidance; GAAP EPS $0.26 vs $0.09 YoY; Q3 rev $530-570M
TTM TECHNOLOGIES INC
2021-Q2 EPS reported
$0.23
revenue$1,093,815,000
- Q2 net sales $567.4M, above guidance high end; GAAP net income $28.3M ($0.26 diluted) vs $9.3M ($0.09) YoY.
- Non-GAAP net income $40.0M ($0.36 diluted) vs $33.0M ($0.31) YoY; Adjusted EBITDA $75.6M (13.3% sales).
- Revenue beat driven by strong automotive and data center computing growth; Q3 guidance revenue $530-570M, non-GAAP EPS $0.31-0.37.
- Cash flow from operations $56.9M (10% of sales); CEO cites strict financial discipline and divestiture of mobility business.
- Expects Q3 impact from raw material supply constraints and demand pull-forward from Q2.