TTM TECHNOLOGIES INC

TTM Technologies reported record second-quarter 2026 results, with net sales reaching an all-time high of $1.0 billion, a 37% increase year-on-year, and non-GAAP EPS of $0.99, up 71% year-on-year. The company also raised its full-year 2026 guidance, now expecting sales of approximately $4.4 billion and non-GAAP EPS approaching $5 per diluted share. This strong performance was driven by robust demand in Data Center and Networking, Medical, Industrial & Instrumentation, and Aerospace & Defense end markets. Additionally, TTM announced the pending acquisitions of Swiss Technology Group AG and ILFA GmbH, establishing a strategic footprint in Europe.

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.

TTM Technologies Inc. reported strong financial results for the second quarter and first half of 2026. Net sales for Q2 2026 increased by 37.4% year-over-year to $1.004 billion, while net income doubled to $83.0 million, leading to a basic EPS of $0.80. The company also announced a strategic realignment of its RF&S Components business into the A&D segment, resulting in two primary reportable segments: A&D and Commercial. Additionally, TTM Technologies entered into a deal-contingent cross-currency swap in connection with a proposed acquisition.

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.

TTM Technologies, Inc. announced it will release its second quarter 2026 financial results after the market closes on Wednesday, August 5, 2026. Following the release, the company will host a conference call on the same day at 4:30 p.m. Eastern Time to discuss its performance. The call will be led by President & CEO Edwin Roks and Executive Vice President & CFO Dan Boehle, and will be accessible via dial-in and a live webcast on the company's website.

TTM Technologies announced its intent to acquire two privately-held European companies, Swiss Technology Group AG (STG) and ILFA GmbH, in separate all-cash transactions, subject to regulatory approvals. These acquisitions align with TTM's long-term strategy to establish a presence in the European market, diversify its product and geographic reach, and enhance its technology capabilities in miniaturized and complex PCB solutions for key markets like medical, aerospace, and defense. The company expects the combined acquisitions to be immediately, though modestly, accretive upon closing, which is projected for the third quarter of 2026.

TTM Technologies announced that its Mini-Xinger® product portfolio has achieved AEC-Q200 qualification accreditation. This significant milestone validates the product line's conformance to the highest standards of passive component reliability for automotive and high-reliability applications. The AEC-Q200 qualification ensures the products meet rigorous requirements across various stress tests, providing confidence to TTM's automotive and emerging commercial space customers.

TTM Technologies, Inc. announced the closing of a new $1.0 billion cash flow senior secured revolving credit facility and a repriced, upsized $400 million senior secured Term Loan B. These new credit facilities replace existing debt, with the Term Loan B reducing the company's cost of borrowing by 50 basis points. The company stated that these actions strengthen its financial position, provide flexibility for strategic initiatives, and enhance its long-term capital structure to support sustainable growth.

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.

TTM Technologies' CEO, Dr. Edwin Roks, disclosed in an interview that the company anticipates achieving $4 billion in annual revenues for fiscal year 2026, representing a 38% year-over-year growth. This update follows the company's previous outlook suggesting consistent growth from the first half into the second half of 2026. Further details on the full-year 2026 financial outlook are expected at the upcoming Investor Day on May 27, 2026, at the Nasdaq Exchange.