TTM Technologies Earnings Reports

TTM Technologies delivered a strong first quarter in 2025, exceeding expectations with robust year-over-year revenue growth driven by demand in Aerospace and Defense, Data Center Computing, and Networking markets, particularly from generative AI. The company achieved a record high non-GAAP EPS for a first quarter and improved non-GAAP operating margins.

TTM Technologies reported Q3 2022 results with net sales of $671.1 million, GAAP net income of $43.5 million, and non-GAAP net income of $57.9 million. The company saw growth across all end markets and generated $162.1 million in free cash flow over the last twelve months. Record bookings were achieved in the Aerospace and Defense end market.

TTM Technologies reported Q2 2022 results with net sales of $625.6 million, GAAP net income of $27.8 million, or $0.27 per diluted share, and non-GAAP net income of $55.3 million, or $0.54 per diluted share. The company completed the acquisition of Telephonics and broke ground on a new manufacturing plant in Malaysia.

TTM Technologies reported first quarter fiscal 2022 results, achieving revenues at the high end of guidance and non-GAAP earnings above the mid-point of the guided range. Net sales were $581.3 million, and non-GAAP net income was $25.3 million, or $0.24 per diluted share.

TTM Technologies reported Q4 2021 results with net sales of $598.1 million, GAAP net income of $8.4 million, and non-GAAP net income of $36.2 million.

TTM Technologies reported Q3 2021 results with net sales of $556.8 million, GAAP net income of $21.0 million, or $0.19 per diluted share, and non-GAAP net income of $36.5 million, or $0.34 per diluted share. The company experienced strong year-over-year growth in the automotive and data center computing end markets.

TTM Technologies reported net sales of $567.4 million for the second quarter of 2021, with a GAAP net income of $28.3 million, or $0.26 per diluted share, and a non-GAAP net income of $40.0 million, or $0.36 per diluted share. The company's performance was driven by better than expected sales in commercial end markets, particularly automotive and data center computing.

TTM Technologies reported first quarter 2021 results with revenue of $526.4 million and a GAAP net loss of $3.2 million, or ($0.03) per diluted share. Non-GAAP net income was $25.3 million, or $0.23 per diluted share. The company's performance was driven by better than expected sales across all end markets, with strong growth from the automotive and data center computing sectors.

TTM Technologies reported Q4 2020 results with revenue above the midpoint and earnings above the previously guided range, driven by excellent operational execution and better sales across all end markets. The company's net debt leverage ratio decreased to 1.4x, and convertible bonds were repaid.

TTM Technologies reported net sales of $513.6 million for Q3 2020, a decrease from $534.2 million in Q3 2019. The company experienced a GAAP net loss of $41.5 million, or ($0.39) per diluted share, which included a goodwill impairment charge of $69.2 million. However, on a non-GAAP basis, net income was $26.8 million, or $0.25 per diluted share, an increase from the previous year. The company's diversified end markets and strong operational execution drove revenue and earnings above the guided range.

TTM Technologies reported GAAP net sales of $570.3 million and GAAP net income of $192.8 million, or $1.79 per diluted share, which included a net gain of $183.1 million from the sale of the Mobility business unit. Non-GAAP net sales were $601.1 million and non-GAAP net income was $33.3 million, or $0.31 per diluted share.

TTM Technologies reported GAAP net sales of $497.6 million and a GAAP net loss of $3.2 million, or ($0.03) per diluted share for the first quarter of fiscal 2020. Non-GAAP net sales were $610.8 million, and non-GAAP net income was $19.6 million, or $0.18 per diluted share.

TTM Technologies reported net sales of $719.3 million and GAAP net income of $25.3 million, or $0.21 per diluted share for the fourth quarter of fiscal 2019. Non-GAAP net income was $43.9 million, or $0.41 per diluted share.