Strong Revenue Growth
Revenue grew 21% year-on-year to $730.6 million, driven by demand from aerospace and defense, data center computing, networking, and medical, industrial and instrumentation markets.
Record Non-GAAP EPS
Non-GAAP EPS of $0.58 was a quarterly record for TTM, reflecting adjustments for unrealized foreign exchange gains.
Impressive Operating Margins
Non-GAAP operating margins were 11.1%, up 210 basis points year-on-year, marking the fourth consecutive quarter of double-digit operating margin performance.
Significant Cash Flow
Cash flow from operations was a robust 13.4% of revenues.
Aerospace and Defense Market Performance
Aerospace and defense market accounted for 45% of total revenues, with a program backlog of $1.46 billion and 21% year-on-year growth.
Data Center Segment Growth
Data center computing market represented 21% of total sales with 20% year-on-year growth.
Networking Market Surge
Networking market grew 52% year-on-year, driven by increased switch-related demand from networking customers.