Quarterly ResultAug 5, 2026, 04:04 PM
TTM Technologies Reports Record Q2 Net Sales of $1.0B, Non-GAAP EPS $0.99
AI Summary
TTM Technologies reported record second quarter 2026 financial results, with net sales reaching $1.0 billion, a 37% increase year-on-year, and non-GAAP diluted EPS hitting an all-time high of $0.99. The company saw strong demand across its end markets, particularly in Data Center and Networking, which grew 91% year-on-year. TTM also announced agreements to acquire Swiss Technology Group AG and ILFA GmbH, expected to close in Q3 2026, and provided optimistic guidance for Q3 and the full year 2026.
Key Highlights
- Net sales reached a record $1.0 billion, up 37% year-on-year.
- Non-GAAP net income was a record $106.9 million, or $0.99 per diluted share.
- GAAP net income was $83.0 million, or $0.77 per diluted share.
- Adjusted EBITDA was $166.8 million, or 16.6% of net sales.
- Data Center and Networking end market sales grew 91% year-on-year, comprising 40% of total net sales.
- Agreements to acquire Swiss Technology Group AG and ILFA GmbH are expected to close in Q3 2026.
- Q3 2026 net sales guidance is $1.10 billion to $1.14 billion, with non-GAAP EPS of $1.21 to $1.27.
- Full year 2026 guidance projects net sales of approximately $4.4 billion and non-GAAP EPS approaching $5.00.
Price Impact
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