TTM 10-Q: Q3 Sales Up 59.9% to $1.20B, EPS $0.79; Debt Jumps to $1.66B After Epiq Deal
TTMI sits 62% above its 52-week low of $55.44.
Summary
TTM's Q3 filing confirms record sales of $1.20 billion (+59.9%) and $0.79 diluted EPS, while showing total debt nearly doubling to $1.66 billion after the $500 million 2034 notes and the $1.1 billion Epiq acquisition.
Key Events · Earnings and Guidance · TTMI
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Record Q3 Sales, Margin Expansion
Net sales rose 59.9% to $1,203.9 million from $752.7 million, and gross margin expanded to 24.2% from 20.8% on AI data center and defense demand.
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Net Income $84.8M, EPS $0.79
Q3 net income was $84.8 million, or $0.80 basic and $0.79 diluted per share, versus $53.1 million ($0.50 diluted) a year earlier.
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Debt Nearly Doubles to $1.66B
Total debt principal reached $1,659.0 million versus $924.2 million at December 29, 2025, including $500.0 million of 6.750% Senior Notes due 2034 issued September 24, 2026.
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Epiq Closed for $1.1B Post-Quarter
The Epiq acquisition closed September 30, 2026 for $1,100.0 million cash, funded by the 2034 notes and $1.1 billion of incremental term facilities; purchase accounting is not yet in the results.
Analysis · TTMI · Manufacturing
The headline quarter was already public — TTM pre-announced record Q3 sales of $1.2 billion and non-GAAP EPS of $1.46 on October 22 — so the fresh information here is the full balance sheet and the financing behind the acquisition spree. Sales rose 59.9% to $1,203.9 million, gross margin climbed 3.4 points to 24.2%, and net income reached $84.8 million ($0.79 diluted) versus $53.1 million a year ago. Leverage is what changed structurally: total debt principal stands at $1,659.0 million against $924.2 million at year-end, reflecting the $500.0 million of 6.750% notes due 2034 and the $1.1 billion Epiq purchase funded with those notes plus incremental term facilities. Cash of $876.3 million and nine-month operating cash flow of $272.9 million cover the higher interest bill, but the company now carries roughly $1.66 billion of debt against $2.04 billion of equity while guiding capex to $410-430 million. Management also bought back 1.159 million shares for about $100.0 million right after quarter-end and authorized a fresh $100.0 million program through October 2027.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TTMI was trading at $90.08 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $55.44 to $223.83. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.