TTM Technologies Q2 Revenue Jumps 37%, Raises Full-Year Outlook to $4.4B
TTMI has more than doubled off its 52-week low of $39.2.
Summary
TTM Technologies delivered a strong Q2 beat with revenue up 37% YoY to $1.004B, exceeding the $962M consensus. Data Center and Networking led with 91% growth, while Medical and A&D also posted double-digit gains. Net income hit a record $83M. Management raised full-year 2026 guidance to $4.4B in revenue and non-GAAP EPS near $5.00, up from the prior $4B target reiterated in May. Q3 guidance of $1.10B-$1.14B in sales and $1.21-$1.27 EPS suggests momentum continues. This follows the May analyst day where aggressive margin targets were set, and the June announcement of two European acquisitions that are not yet included in guidance. The raised outlook signals confidence in sustained AI-driven demand and operational execution.
At the time of this announcement, TTMI was trading at $132.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.6B. The 52-week trading range was $39.20 to $223.83. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.