TTM Technologies Q1 Sales Beat Estimates by 7%, Reaching $846 Million
Summary
TTM Technologies reported strong first-quarter results, with sales reaching $845.976 million, significantly surpassing the IBES estimate of $789.8 million. This represents a notable 7% beat on the top line. The company also posted a gross profit of $181.181 million and net income of $49.988 million for the quarter. This positive performance follows the strong fiscal year 2025 results reported in February, which highlighted growth driven by data center computing and aerospace & defense. The better-than-expected sales and profitability metrics are likely to be viewed favorably by investors, reinforcing the company's current strong momentum, especially as the stock trades near its 52-week high. Traders will be watching for any updated guidance or commentary on demand trends in their key markets.
At the time of this announcement, TTMI was trading at $153.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $14.3B. The 52-week trading range was $19.59 to $149.08. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.