Quarterly ResultApr 29, 2026, 04:02 PM
TTMI Q1 Net Sales $846M (+30%); Non-GAAP EPS $0.75 (Record)
AI Summary
TTM Technologies, Inc. reported record first quarter 2026 results with net sales of $846 million, a 30% increase year-on-year, and record non-GAAP net income of $80.1 million, or $0.75 per diluted share. The strong performance was driven by robust demand in the Data Center and Networking end market, supporting AI and data center buildouts, as well as double-digit growth in Medical, Industrial, Instrumentation, and Aerospace and Defense markets. The company also provided a positive outlook for the second quarter of 2026, projecting net sales between $930 million and $970 million and non-GAAP EPS of $0.82 to $0.88.
Key Highlights
- TTMI Q1 2026 net sales were $846 million, up 30% year-on-year, an all-time quarterly record.
- Non-GAAP net income was $80.1 million, or $0.75 per diluted share, an all-time quarterly record.
- GAAP net income was $50.0 million, or $0.47 per diluted share.
- Adjusted EBITDA reached $132.9 million, or 15.7% of net sales.
- Total book-to-bill ratio was 1.41.
- Aerospace & Defense end market was 40% of net sales; Data Center & Networking was 36%.
- Q2 2026 net sales guidance is $930 million to $970 million.
- Q2 2026 non-GAAP EPS guidance is $0.82 to $0.88 per diluted share.