TTM Technologies, Inc. · TTMI · FY2026 Q2 · Calendar Q3 2026
TTM Technologies: Record Revenue, Raised Guidance, and Expansion
The current call strengthens the case that AI-related data-center demand, defense spending, and medical and industrial growth can support TTM Technologies’ expansion, but execution on capacity, acquisitions, supply, and customer concentration remains important.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Relative to the prior quarter, management moved from maintained to raised guidance, reported a first quarter above $1 billion in revenue, highlighted the N+M and Ultra-HDI ramps, and added pending European acquisitions while accelerating capex.
Guidance delta
Management raised full-year guidance to $4.4 billion in sales and approximately $5 in non-GAAP EPS.
Key takeaways
- Q2 revenue exceeded $1 billion for the first time, with record margins and non-GAAP EPS.
- AI-related data-center demand, defense, and medical and industrial markets were identified as growth drivers.
- N+M and Ultra-HDIs are entering volume ramps, while European acquisitions broaden the company’s capabilities.
- Management plans continued capex acceleration and described cash flow and leverage as supportive.
Management priorities
- Ramp N+M boards and Ultra-HDIs.
- Expand capacity through brownfield investment in China and the U.S.
- Advance the Wisconsin innovation center and European acquisition integration.
- Support AI, defense, medical, and industrial demand with advanced interconnect capacity.
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Try FN2 freeCompany context
Snapshot as of publicationOperating globally, TTM Technologies, Inc. (TTMI) specializes in the production and distribution of printed circuit boards (PCBs). The company's operations are structured into two key segments: Printed Circuit Boards (PCBs) and RF&S Components. Their diverse product line encompasses a wide array of PCB solutions, from conventional and high-density interconnect (HDI) designs to substrate-like (SLP), flexible, and rigid-flex boards, as well as specialized RF and microwave circuits. Additionally, TTM offers integrated circuit (IC) substrates, custom assemblies, system integration products, multi-chip modules, and various RF components, including passive and advanced ceramic types, along with beamforming and switching networks.…
Historical context
All TTMI earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +2.8% | SS&C raises 2026 outlook as AI and tokenization drive growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.9% | VeriSign sustains domain growth as .web and security launches near |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | — | -12.4% | Nokia Q3: AI and Cloud Growth Lift Margins, Cash Flow Lags |
| CACI CACI International Inc | FY2027 Q1 · Calendar Q4 2026 | +16.6% | -1.5% | CACI raises FY27 outlook as backlog and defense awards expand |
| TXN Texas Instruments Incorporated | FY2026 Q3 · Calendar Q4 2026 | +7.4% | +2.5% | Texas Instruments Q3: Strong Demand, Higher Capex and Lead-Time Risks |
Latest beats and misses
Who reports nextBeat on EPS
- MEDPFY2026 Q3 · October 21, 2026+9.0% EPS-1.3% move
- MOHFY2026 Q3 · October 21, 2026+12.7% EPS+0.8% move
- PNFPFY2026 Q3 · October 21, 2026+2.7% EPS+2.3% move
- SCCOFY2026 Q3 · October 21, 2026+6.4% EPS-2.1% move
- PKGFY2026 Q3 · October 21, 2026+3.8% EPS+4.2% move
- URIFY2026 Q3 · October 21, 2026+11.3% EPS+3.9% move
Missed on EPS
- ROLFY2026 Q3 · October 21, 2026-1.4% EPS+5.6% move
- GGGFY2026 Q3 · October 21, 2026-2.5% EPS-16.6% move
- GL-PDFY2026 Q3 · October 21, 2026-1.2% EPS— move
- GLFY2026 Q3 · October 21, 2026-1.2% EPS-3.8% move
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
- LVSFY2026 Q3 · October 21, 2026-20.9% EPS-1.7% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-06T16:18:50.428602+00:00
- FN2 earnings calendar · 2026-09-10T01:23:13.706414+00:00
- Polygon adjusted daily market bars · 2026-10-23T00:00:42.315674+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T00:00:42.312762+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-23. For educational purposes only; not investment advice.