TTM Technologies Q3 revenue jumps 60%, beats expectations on data center market demand

Overview

• U.S. electronics manufacturer's Q3 revenue rose 60% yr/yr, beating analyst expectations

• Non-GAAP EPS for Q3 reached a record high

• Growth driven by strong demand in Data Center & Networking and Aerospace & Defense

Outlook

• TTM sees Q4 net sales between $1.42 bln and $1.44 bln

• Company expects Q4 non-GAAP EPS of $1.77 to $1.83

• TTM initiates 2027 net sales outlook of $6.5 bln to $6.75 bln

Result Drivers

• MARKET DEMAND - Co said growth was driven by strong demand in Data Center & Networking, Medical, Industrial & Instrumentation, and Aerospace & Defense

• MARGIN EXPANSION - Co said margin expansion initiatives contributed to improved profitability

• RECENT ACQUISITIONS - Co said recent acquisitions expanded product offerings and geographic reach

Company press release: ID:nGNX405gQb

Key Details

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)