Business UpdateMay 27, 2026, 06:08 AM
TTM Technologies Reiterates $4.0B Revenue, Targets 13-15% Op Margin
AI Summary
TTM Technologies reiterated its $4.0 billion revenue expectation for fiscal year 2026 during its Investor Day. The company also provided fiscal year 2026 target ranges, including a non-GAAP operating margin of 13% to 15% and an Adjusted EBITDA margin of 16% to 18%. Cash flow from operations is expected to be $300-$320 million, with slightly positive free cash flow. Additionally, TTM Technologies is securing a repriced and upsized $400 million Term Loan due May 2030, expected to reduce borrowing costs by 50 basis points, and $1 billion in new Revolving Credit facilities maturing in 2031, both anticipated to close in June 2026.
Key Highlights
- Reiterated fiscal year 2026 revenue expectation of $4.0 billion.
- Targeted fiscal year 2026 non-GAAP operating margin of 13% to 15%.
- Targeted fiscal year 2026 Adjusted EBITDA margin of 16% to 18%.
- Expected fiscal year 2026 cash flow from operations of $300-$320 million.
- Securing a repriced and upsized $400 million Term Loan due May 2030.
- Term Loan repricing expected to reduce borrowing costs by 50 basis points.
- Obtaining commitments for $1 billion Revolving Credit facilities maturing in 2031.
Price Impact
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