SANTA ANA, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and technologically advanced interconnect solutions, including printed circuit boards (“PCB”) and substrates, today announced that, after long and distinguished careers with TTM, Thomas Edman, the Company’s former President and Chief Executive Officer and a cu ...

Core Viewpoint - TTM Technologies, Inc. specializes in manufacturing printed circuit boards and RF components, which are essential for high-performance products in sectors such as defense, AI data centers, automobiles, and medical equipment [1] Company Overview - TTM Technologies focuses on producing objective, data-driven research primarily about small- to mid-cap companies, which are often overlooked by many investors [1] Industry Context - The company's products are critical in various high-growth industries, indicating a strong potential for future demand driven by advancements in technology and increased reliance on electronic components [1]

Core Insights - TTM Technologies, Inc. reported strong financial results for Q3 2025, with significant year-on-year growth in net sales and net income, driven by demand in various end markets, particularly Data Center Computing and Networking, influenced by generative AI [3][5][8] Financial Performance - Net sales for Q3 2025 reached $752.7 million, a 22% increase from $616.5 million in Q3 2024 [3] - GAAP operating income was $71.9 million, up from $51.0 million in the same quarter last year [3] - GAAP net income for Q3 2025 was $53.1 million, or $0.50 per diluted share, compared to $14.3 million, or $0.14 per diluted share in Q3 2024 [3] - Adjusted EBITDA was $120.9 million, representing 16.1% of net sales, slightly down from 16.3% in Q3 2024 [4] - Non-GAAP net income was $71.0 million, or $0.67 per diluted share, compared to $56.8 million, or $0.55 per diluted share in Q3 2024 [4] Market Demand and Growth Drivers - The company experienced strong demand in its Data Center Computing and Networking markets, primarily due to the requirements of generative AI [5] - Other end markets, including Medical, Industrial and Instrumentation, and Aerospace and Defense, also saw double-digit revenue growth year-on-year [5] Cash Flow and Investment - Cash flow from operations was $141.8 million, or 18.8% of revenues, allowing the company to continue its investment in facilities expansion to support projected growth [5] Future Outlook - For Q4 2025, TTM 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 [6]

Core Insights - TTM Technologies, Inc. will exhibit at Electronica India 2025, showcasing advancements in PCB technologies and innovative solutions for the electronics industry [1][2][3] Company Overview - TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4] - The company emphasizes time-to-market, enabling customers to shorten product development cycles [4] Industry Engagement - The participation in Electronica India 2025 highlights the importance of the Indian market and the rapidly advancing electronics industry [3] - TTM aims to collaborate with industry leaders and demonstrate how its technologies can support innovations across various sectors, including data center computing, networking communications, medical, industrial, and aerospace [3]

Core Insights - TTM Technologies, Inc. has appointed Dr. Edwin Roks as the new President and CEO, effective September 2, 2025, succeeding Thomas T. Edman, who is retiring after serving since 2014 [1][5] - Dr. Roks will also serve as a Class II director on the Board, filling a vacancy with a term expiring at the 2026 annual meeting of stockholders [2] Company Overview - TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [6] - The company emphasizes time-to-market, enabling customers to reduce the time required to develop and launch new products [6] Leadership Transition - Dr. Roks brings extensive experience from the aerospace and defense and industrial electronics sectors, having previously served as CEO of Teledyne Technologies until April 2025 [3] - His leadership at Teledyne included significant contributions to growth in digital imaging and successful integration of major acquisitions [3][4] - The Board of Directors expressed confidence in Dr. Roks' ability to guide TTM into its next phase of growth and innovation, highlighting his operational excellence and strategic vision [4]

Core Insights - TTM Technologies, Inc. announced the retirement of President and CEO Thomas T. Edman, with a search for his successor underway, expected to conclude by the end of 2025 [1][2][4] - Edman has been with the company since 2004, serving as President since 2013 and CEO since 2014, leading TTM through significant growth and operational improvements [2][3] - Under Edman's leadership, TTM has strengthened its capabilities in the Aerospace and Defense market and expanded its focus on Data Center Computing and Networking, particularly in support of generative AI [2][3] Company Performance - TTM is experiencing its strongest first half of any year in terms of revenue growth and margins, supported by a solid balance sheet for future growth [3] - The company has successfully integrated multiple acquisitions and diversified its end markets, enhancing its position as a global leader in advanced electronics solutions [3] Leadership Transition - Edman will remain as President and CEO until a successor is appointed and will continue to serve as a Director and member of the Government Security Committee post-transition [1][4] - The Board of Directors expressed gratitude for Edman's visionary leadership and commitment, noting his impact on the company's strategic direction [4]

Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [4] Upcoming Events - TTM Technologies will host a conference call on July 30, 2025, at 4:30 p.m. Eastern Time to discuss its second quarter 2025 performance [1] - The company will release its second quarter 2025 financial results after the market closes on the same day [3] - Access to the conference call will be available through a registration link, and participants will receive dial-in information and a unique PIN [2]

Core Insights - TTM Technologies (TTMI) shares have increased by 28% over the past month, outperforming the broader Zacks Computer and Technology sector's return of 8.3% and the Zacks Electronics - Miscellaneous Components industry's growth of 10% [1] Financial Performance - In the first quarter of 2025, TTM Technologies reported revenues of $648.7 million, a 14% year-over-year increase, surpassing the Zacks Consensus Estimate by 4.3% and exceeding the company's guidance of $600-$640 million [2] - The company's earnings per share reached 50 cents, beating the Zacks Consensus Estimate by 28.21% and exceeding the company's projection of $0.37-$0.43, marking a record for the first quarter [2] Market Positioning - TTM Technologies is well-positioned in high-growth markets such as aerospace and defense, data center computing, and networking, indicating continued positive momentum [3] - The aerospace and defense sector contributed 47% to total revenues in Q1 2025, with a 15% year-over-year revenue growth, driven by increased defense budgets and significant bookings related to key programs [5] - The data center computing segment accounted for 21% of revenues in Q1 2025, growing 15% year-over-year, benefiting from strong demand from hyperscale data center clients [6] - The networking business experienced a 53% year-over-year increase, driven by renewed demand for switch-related products linked to AI infrastructure upgrades [7] Client Base and Revenue Growth - TTM Technologies supports approximately 1,400 clients globally, including major companies in defense, computing, and healthcare [8] - Revenues from the top five customers increased to 45% of total revenues in Q1 2025, up from 42% a year earlier, reflecting stronger engagement with strategic partners [9] - The client portfolio includes notable companies such as Apple, Cisco, Tesla, Raytheon, and Bosch, highlighting TTM's reputation as a critical supplier [10] Future Outlook - For Q2 2025, TTM Technologies expects total revenues of $650-$690 million, with the Zacks Consensus Estimate at $667.99 million, indicating a 10.39% year-over-year growth [12] - Projected non-GAAP earnings for Q2 2025 are between 49-55 cents per share, with the consensus estimate at 52 cents, suggesting a year-over-year rise of 33.3% [12] Conclusion - TTM Technologies is experiencing strong momentum in defense, AI infrastructure, and networking, supported by a growing backlog and resilient customer demand, setting the stage for continued revenue acceleration and strategic expansion in 2025 and beyond [13]

Company Overview - TTM Technologies, Inc. (NASDAQ: TTMI) specializes in manufacturing printed circuit boards and RF components, serving various sectors including defense, data centers, automotive, and medical devices [1] - The company operates plants in both North America and Asia, indicating a broad geographical footprint [1] Investment Focus - The analysis primarily targets small- to mid-cap companies, which are often overlooked by many investors, while also occasionally reviewing large-cap companies to provide a comprehensive view of the equity markets [1]

Core Viewpoint - TTM Technologies, Inc. reported strong financial results for the first quarter of 2025, with significant year-over-year growth in net sales and net income, driven by demand in key markets such as Aerospace and Defense, Data Center Computing, and Networking, particularly influenced by generative AI [1][5]. Financial Performance - Net sales for Q1 2025 were $648.7 million, a 14% increase from $570.1 million in Q1 2024 [3]. - GAAP operating income for Q1 2025 was $50.3 million, compared to $17.1 million in Q1 2024 [3]. - GAAP net income for Q1 2025 was $32.2 million, or $0.31 per diluted share, up from $10.5 million, or $0.10 per diluted share in Q1 2024 [3]. - Non-GAAP net income for Q1 2025 was $52.4 million, or $0.50 per diluted share, compared to $29.1 million, or $0.28 per diluted share in Q1 2024 [4]. - Adjusted EBITDA for Q1 2025 was $99.5 million, representing 15.3% of sales, compared to $70.5 million, or 12.4% of sales in Q1 2024 [4]. Business Outlook - For Q2 2025, TTM estimates revenues to be in the range of $650 million to $690 million, with non-GAAP net income projected between $0.49 and $0.55 per diluted share [6]. Market Segmentation - In Q1 2025, the end market breakdown was as follows: Aerospace and Defense (47%), Automotive (11%), Data Center Computing (21%), Medical/Industrial/Instrumentation (13%), and Networking (8%) [20]. Operational Metrics - The company reported a book-to-bill ratio of 1.10 for Q1 2025, indicating a healthy order intake relative to sales [8]. - The Aerospace and Defense program backlog stood at $1.55 billion [8].