TTM Beats Q3 Estimates With $1.46 EPS, Revenue Up 60% to $1.2B
TTMI sits 43% above its 52-week low of $54.43.
Summary
TTM posted Q3 adjusted EPS of $1.46 against a $1.25 consensus and revenue of $1.20 billion versus $1.13 billion expected, a 59.9% year-over-year jump. GAAP EPS was 79 cents with net income of $84.8 million. This follows the 8-K filed this morning and extends a run of four straight quarterly beats, with the AI data center and defense demand that drove Q2's 37% revenue growth still accelerating. The stock has fallen 16.8% this quarter even as it is up 48.0% year to date, so the beat lands into a skeptical tape. Q4 guidance of $1.42 per the 8-K is the number to hold against the $206.50 median price target, which sits well above the last close of $102.15.
At the time of this announcement, TTMI was trading at $77.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.2B. The 52-week trading range was $54.43 to $223.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.