AcquisitionsAug 6, 2026, 06:11 AM
TTM Technologies Reports Record Q2; Announces European Acquisitions
AI Summary
TTM Technologies Inc. reported record second-quarter 2026 financial results, with net sales reaching $1.0 billion and non-GAAP diluted EPS of $0.99. The company also announced agreements to acquire Swiss Technology Group AG and ILFA GmbH, marking its entry into Europe, with closings anticipated in the third quarter of 2026. TTM provided strong guidance for Q3 2026, projecting net sales between $1.10 billion and $1.14 billion, and updated its full-year 2026 non-GAAP EPS outlook to approach $5.00.
Key Highlights
- Announced agreements to acquire Swiss Technology Group AG and ILFA GmbH, expected to close in Q3 2026.
- Q2 2026 net sales reached a record $1.0 billion, marking a 37% increase year-on-year.
- Q2 2026 non-GAAP diluted EPS was a record $0.99, up from $0.58 in Q2 2025.
- Q2 2026 GAAP net income was $83.0 million, or $0.77 per diluted share.
- Q3 2026 net sales guidance is set between $1.10 billion and $1.14 billion.
- Full year 2026 non-GAAP EPS is expected to approach $5.00.
- Data Center and Networking end market sales increased 91% year-on-year, comprising 40% of total net sales.
- Aerospace and Defense end market sales grew 14% year-on-year, accounting for 37% of total net sales.
Price Impact
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