TTM Technologies Reports Record Q4 Non-GAAP EPS, Strong 19% Revenue Growth, and Positive FY26 Outlook Driven by AI Demand
Summary
TTM Technologies announced strong Q4 and fiscal year 2025 results, including record non-GAAP EPS and 19% revenue growth, driven by generative AI demand, and provided optimistic guidance for 2026.
Key Events
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Record Quarterly Non-GAAP EPS
Reported non-GAAP net income of $74.8 million, or $0.70 per diluted share for Q4 2025, marking an all-time quarterly record high.
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Strong Revenue Growth
Achieved net sales of $774.3 million in Q4 2025, up 19% year-over-year, and $2.9 billion for fiscal year 2025, also a 19% increase.
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Positive FY2026 Sales Guidance
Projected fiscal year 2026 net sales growth in the range of 15% to 20%, following strong multi-year guidance provided in January.
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Robust Book-to-Bill Ratio
Reported a total book-to-bill ratio of 1.35 for the fourth quarter, indicating strong future demand.
Analysis
TTM Technologies delivered a robust financial performance for Q4 and fiscal year 2025, exceeding expectations with record non-GAAP diluted EPS and significant revenue growth. The company's strong book-to-bill ratio and substantial Aerospace & Defense backlog indicate continued demand. The positive momentum is largely attributed to increasing demand from generative AI in the Data Center Computing and Networking end markets, which now represent a larger portion of total revenues. The optimistic guidance for Q1 and full-year 2026, projecting 15-20% sales growth, reinforces the positive outlook previously hinted at by the CEO's multi-year guidance in January. This report suggests strong operational execution and favorable market positioning.
At the time of this filing, TTMI was trading at $100.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $10B. The 52-week trading range was $15.77 to $111.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.