Core Insights - TTM Technologies, Inc. announced that two team members received prestigious awards from the Global Electronics Association for their contributions to the electronics manufacturing sector [1][2]. Group 1: Awards and Recognition - Meising Ho, Vice President of Commercial Technology, received the IPC ASSC Outstanding Service Award [2]. - Richard Xie, Vice President of Human Resources, Asia Pacific, was awarded the IPC AESC Outstanding Service Award [2]. - These awards recognize significant contributions to advancing industry standards and education in the electronics manufacturing sector across Asia [2]. Group 2: Company Commitment - Doug Soder, Executive Vice President and President of the Commercial Sector, expressed pride in the honorees, highlighting their dedication as a reflection of TTM's commitment to leadership and excellence in the electronics industry [3]. - The recognition of these individuals underscores TTM's ongoing commitment to shaping the future of the electronics industry [3]. Group 3: Event Information - The IPC CEMAC is an annual gathering of electronic industry professionals for knowledge-sharing and discussions on industry trends [3].

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Viewpoint - TTM Technologies (TTMI) reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.61 per share, and showing a significant increase from $0.41 per share a year ago, indicating strong performance in the printed circuit board sector [1][2]. Financial Performance - The company achieved revenues of $752.74 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.63% and reflecting a year-over-year increase from $616.54 million [2]. - TTM has consistently outperformed consensus EPS estimates over the last four quarters, with an earnings surprise of +9.84% in the latest report and +11.54% in the previous quarter [1][2]. Stock Performance - TTM shares have increased approximately 139.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 17.2% [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.63, with projected revenues of $726.44 million, and for the current fiscal year, the estimates are $2.32 EPS on $2.82 billion in revenues [7]. - The trend of estimate revisions for TTM has been favorable leading up to the earnings release, suggesting positive sentiment among analysts [6]. Industry Context - TTM operates within the Zacks Electronics - Miscellaneous Components industry, which is currently ranked in the top 13% of over 250 Zacks industries, indicating a strong industry outlook [8]. - The performance of TTM's stock may also be influenced by the overall industry trends, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8].

TTM Technologies (NasdaqGS:TTMI) Q3 2025 Earnings Call October 29, 2025 04:30 PM ET Speaker1Good afternoon. Thank you for standing by. Welcome to the TTM Technologies, Inc. Third Quarter 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising ...

Financial Performance - Net sales for Q3 2025 were $752.7 million, a 22% increase compared to $616.5 million in Q3 2024[4] - GAAP net income for Q3 2025 was $53.1 million, or $0.50 per diluted share, up from $14.3 million, or $0.14 per diluted share in Q3 2024[4] - Adjusted EBITDA for Q3 2025 was $120.9 million, representing 16.1% of net sales, compared to $100.6 million, or 16.3% of net sales in Q3 2024[5] - Non-GAAP net income for Q3 2025 reached $71.0 million, or $0.67 per diluted share, a quarterly record high, compared to $56.8 million, or $0.55 per diluted share in Q3 2024[5] - Non-GAAP net income for the first three quarters of 2025 was $184.149 million, significantly higher than $126.091 million in the same period of 2024, marking a 46% increase[24] - Non-GAAP earnings per diluted share for Q3 2025 was $0.67, compared to $0.55 in Q3 2024, indicating a 21.8% rise[24] Cash Flow and Efficiency - Cash flow from operations was $141.8 million, or 18.8% of net sales, indicating strong operational efficiency[7] - Free cash flow for Q3 2025 was $42.570 million, compared to $24.231 million in Q3 2024, showing a 76% increase[24] - Operating cash flow for the first three quarters of 2025 was $228.952 million, compared to $150.840 million in the same period of 2024, representing a 51.7% increase[24] Sales and Market Growth - The company reported double-digit year-on-year revenue growth in Medical, Industrial and Instrumentation, and Aerospace and Defense end markets[6] - Aerospace and Defense segment net sales increased to $336.8 million from $279.5 million year-on-year[23] - For Q4 2025, the company estimates net sales to be between $730 million and $770 million, with non-GAAP net income projected to be between $0.64 and $0.70 per diluted share[8] Profitability Metrics - Gross margin for Q3 2025 was 20.8%, slightly down from 21.1% in Q3 2024, while operating margin improved to 9.6% from 8.3%[22] - GAAP gross profit for Q3 2025 was $156.736 million, up from $129.888 million in Q3 2024, representing a 20.6% increase[24] - Non-GAAP gross profit for Q3 2025 reached $162.016 million, compared to $135.734 million in Q3 2024, reflecting a 19.4% growth[24] - Non-GAAP gross margin for Q3 2025 was 21.5%, slightly down from 22.0% in Q3 2024[24] Capital Expenditures - Capital expenditures for Q3 2025 were $99.233 million, significantly higher than $40.859 million in Q3 2024, indicating a 143% increase[24] Adjustments and Revisions - The company has revised prior year results to exclude the impact of unrealized (gain) loss on foreign exchange from non-GAAP net income and adjusted EBITDA[25]

Q3 2025 Quarterly Earnings Results October 29, 2025 Disclaimers Forward-Looking Statements This communication may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, Inc. ("TTM", "we" or the "Company"). The words "anticipate," "believe," "plan," "forecast," "foresee," "estimate," "project," "expect," "seek," "target," "intend," "goal" ...

SANTA ANA, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards (“PCB”s) today reported results for the third quarter 2025, which ended on September 29, 2025.   Third Quarter 2025 Highlights Net sales were $752.7 million, up 22% year on yearGAAP net income of $53.1 m ...

Core Insights - TTM Technologies (TTMI) is set to report its third-quarter 2025 results on October 29, with expected revenues between $690 million and $730 million, reflecting a 15.59% increase year-over-year [1][8] - The company anticipates non-GAAP earnings per share (EPS) in the range of 57 to 63 cents, with a consensus estimate of 61 cents, indicating a year-over-year growth of 48.78% [2][8] - TTM Technologies has consistently surpassed earnings estimates in the past four quarters, with an average surprise of 16.85% [2] Revenue and Segment Performance - The Aerospace and Defense (A&D) segment, which constituted 45% of total sales in the previous quarter, is expected to have driven revenue growth due to a record backlog of approximately $1.46 billion [3][8] - The strong order pipeline and favorable program mix in the A&D segment are anticipated to have supported stable utilization levels and improved operational efficiency [3] Strategic Initiatives - TTM Technologies has undertaken strategic capacity and footprint expansion initiatives, including the acquisition of a large facility in Wisconsin and land rights in Penang, Malaysia, enhancing global manufacturing flexibility and supply-chain resilience [4][8] - The company entered the quarter with a robust financial position, featuring $97.8 million in operating cash flow and $448 million in cash, allowing for investments in capacity expansion and technology upgrades [5] Challenges and Market Dynamics - Despite the positive factors, TTM Technologies may face challenges due to softer bookings momentum, as indicated by a book-to-bill ratio of 0.89 in the second quarter, suggesting new orders lagged behind shipments [6] - This imbalance could limit near-term revenue visibility and production activity, potentially impacting sales growth and capacity utilization [6] Earnings Prediction Model - The current model does not predict a definitive earnings beat for TTM Technologies, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [7]

Core Insights - TTM Technologies, Inc. is leveraging opportunities in the defense and AI sectors while still being considered a bargain despite a recent price increase since April [1] Company Strategy - The company has made strategic investments in its growth path over the past few years, positioning itself favorably within its industry [1] Research Approach - Avalon Capital Research emphasizes the importance of delivering independent and actionable research on U.S.-listed companies, aiming to provide clarity on earnings events, corporate strategy shifts, and sector trends [1] - The research firm combines institutional rigor with modern digital publishing to make high-quality analysis accessible to both professional and retail investors [1]

Core Viewpoint - TTM Technologies, Inc. is set to discuss its third quarter 2025 performance in a conference call scheduled for October 29, 2025, after releasing its financial results on the same day [1][3]. Group 1: Conference Call Details - The conference call will take place at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time [1]. - Participants can register for the call to receive dial-in information and a unique PIN, with registration available up to the start of the call [2]. - The call will also be simulcast on the company's website, and the webcast will remain accessible for one week after the live event [2]. Group 2: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [4]. - The company emphasizes its time-critical, one-stop manufacturing services, which help customers shorten the time required to develop and market new products [4].