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Jun 28, 2021
TTM Technologies Q2 2021 Earnings Report
TTM Technologies reported second quarter fiscal 2021 results, with revenue and non-GAAP earnings exceeding the guided range due to strong performance in commercial end markets.
Key Takeaways
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.
Net sales for Q2 2021 were $567.4 million.
GAAP net income was $28.3 million, or $0.26 per diluted share.
Non-GAAP net income reached $40.0 million, or $0.36 per diluted share.
Cash flow from operations was $56.9 million, representing 10% of revenues.
Revenue by Segment
Forward Guidance
TTM Technologies estimates revenue for the third quarter of 2021 to be in the range of $530 million to $570 million, and non-GAAP net income to be in the range of $0.31 to $0.37 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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