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TTM Technologies (TTMI)
NASDAQ:TTMI
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong top-line growth (19% YoY for Q4 and full year), record non-GAAP EPS, expanding margins and adjusted EBITDA, solid cash generation, and clear capacity-expansion plans to capitalize on AI-related demand and defense programs. Key challenges include a Penang gross-profit headwind (~180 bps), a $32.6M goodwill impairment in RF&S, softness in the RF&S book-to-bill, an automotive decline, and near-term seasonal cost pressure in Q1. On balance, the strategic positioning, robust bookings (A&D backlog $1.6B), strong data-center growth, and positive guidance outweigh the listed challenges.Company Guidance
Quarterly Revenue Growth
Q4 FY2025 net sales of $774.3M, up 19% year-over-year (vs $651.0M in Q4 FY2024). Full-year 2025 net sales of $2.9B, also up 19% YoY (vs $2.4B in 2024).
Record Non-GAAP EPS
Q4 non-GAAP EPS of $0.70 per diluted share met the high end of guidance and was an all-time quarterly record high.
Improved Adjusted EBITDA and Margins
Q4 adjusted EBITDA of $126.2M representing a 16.3% margin (vs 14.7% prior year; +160 bps). Full-year adjusted EBITDA $456.3M (15.7% of sales vs 14.4% prior year; +130 bps).
Gross Margin Expansion
Q4 gross margin improved to 21.7% from 20.5% a year ago (+120 bps). Full-year gross margin 21.3% vs 20.4% prior year (+90 bps), driven by higher volume and favorable mix in data center, networking, and A&D.
Strong Cash Generation
Q4 operating cash flow of $63M (8.1% of sales); full-year operating cash flow of $292M (10% of sales), supporting reinvestment in growth.
Data Center and Networking Outperformance
Data center computing represented 20% of Q4 sales and grew 57% YoY in Q4 (36% YoY for full year). Networking grew 23% YoY in Q4 and 43% for the full year. Combined data center + networking represented ~36% of 2025 sales (expected ~37% in Q1 2026).
Aerospace & Defense Strength and Backlog
A&D was 41% of Q4 sales, grew 5% YoY in Q4 and 13% YoY for the full year. A&D book-to-bill was 1.46 in Q4 (1.04 for FY2025), with program backlog increased to $1.6B (up from $1.56B a year ago).
Guidance and Growth Targets
Q1 FY2026 guidance: net sales $770M–$810M and non-GAAP EPS $0.64–$0.70. Company reiterates target to grow revenues 15%–20% per year and to double earnings from 2025 to 2027 (ambition shared earlier).
Capacity Expansion & CapEx Plan
Progress on capacity expansion in China and U.S. (Syracuse on track; Eau Claire facility available with expected first revenues in ~18–24 months). 2026 CapEx guidance $240M–$260M plus incremental $200M–$300M expected for additional data center capacity in China over the next 2–3 years.
Improved Operating Discipline
Operating margin of 12.7% in Q4 (up 260 bps from 10.1% prior-year quarter). Selling, general & administrative expenses declined as a percentage of sales (G&A Q4 5.6% vs 6.3% prior year; S&M Q4 2.6% vs 2.9% prior year).
TTMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TTMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $96.22 | $92.58 | -3.78% |
Oct 29, 2025 | $63.53 | $61.98 | -2.44% |
Jul 30, 2025 | $48.73 | $47.25 | -3.04% |
Apr 30, 2025 | $20.02 | $23.35 | +16.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TTM Technologies (TTMI) report earnings?
TTM Technologies (TTMI) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is TTM Technologies (TTMI) earnings time?
TTM Technologies (TTMI) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTMI EPS forecast?
TTMI EPS forecast for the fiscal quarter 2026 (Q1) is 0.67.