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Mar 29, 2021
TTM Technologies Q1 2021 Earnings Report
TTM Technologies reported mixed results for Q1 2021, with revenue above expectations but a GAAP net loss, driven by strong performance in automotive and data center end markets.
Key Takeaways
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.
Net sales were $526.4 million.
GAAP net loss was $3.2 million, or ($0.03) per diluted share.
Non-GAAP net income was $25.3 million, or $0.23 per diluted share.
Cash flow from operations was $41.1 million.
Forward Guidance
TTM estimates that revenue for the second quarter of 2021 will be in the range of $525 million to $565 million, and non-GAAP net income will be in the range of $0.27 to $0.33 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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