earnings
confidence high
sentiment positive
materiality 0.88
TTM Q3 sales $1.2B up 60% YoY, non-GAAP EPS $1.46; Q4 guide $1.42-1.44B
TTM TECHNOLOGIES INC
- Q3 net sales a record $1.2B vs $752.7M a year ago; GAAP net income $84.8M ($0.79/diluted share) vs $53.1M ($0.50).
- Non-GAAP net income $157.8M, or $1.46/diluted share, vs $71.0M ($0.67); adjusted EBITDA a record $242.3M, 20.1% of sales.
- Data Center & Networking 41% of sales, up 115% YoY; Medical/Industrial/Instrumentation up 97%; A&D 34%, up 21%, with $2.0B backlog; book-to-bill 2.13.
- Q4 2026 guide: net sales $1.42-1.44B and non-GAAP EPS $1.77-1.83; FY2026 sales $4.47-4.49B and non-GAAP EPS $4.97-5.03.
- Preliminary 2027 forecast: net sales $6.5-6.75B and non-GAAP EPS $8.10-8.90; agreed to buy MKSI's Ophir Optics for $650M, 10.3x FY2027 adjusted EBITDA.