TTM Technologies, Inc.
TTM Technologies, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
TTM Technologies, Inc. Q2 FY26 key numbers
- Revenue
- First quarter 2026 sales grew 30% year-over-year to $846 million, driven by AI demand in data centers.
As stated in TTM Technologies, Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.
The short version
- The company is tracking well ahead of its previously communicated plan to grow revenues 15% to 20% per year for the next 3 years. - The company projects net sales growth to continue in the second half of 2026, following a strong first half.
From TTM Technologies, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- The company is tracking well ahead of its previously communicated plan to grow revenues 15% to 20% per year for the next 3 years.
- They expect continued strong growth in data center networking, medical, industrial and instrumentation, and aerospace and defense end markets.
- First quarter 2026 sales grew 30% year-over-year to $846 million, driven by AI demand in data centers.
- Data center and networking end market saw 61% year-on-year growth and is expected to represent 42% of net sales in Q2 2026.
- Aerospace and defense sales grew 11% year-over-year; bookings remain strong driven by defense budgets.
- Increased capital expenditures (CapEx) from previously guided $250 million to now $300-$320 million in 2026 to support accelerated growth.
2 more points from TTM Technologies, Inc.'s call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Capital expenditures (CapEx) for 2026 are increased from an initial range of $240-$260 million to $300-$320 million.
- The increase reflects accelerated investments primarily in Asia, including facilities in China, Malaysia, and Syracuse, to keep pace with customer demand.
- Early orders and deposits on equipment have been placed to mitigate lead time risks.
- The company is expanding its global footprint with 24 manufacturing sites across China, Malaysia, Canada, and the U.S.
2 more points from TTM Technologies, Inc.'s call on capex
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Fundraising & Capital Structure
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Order Book & Pipeline
- At the end of Q1 2026, the 90-day backlog was $787 million, up from $517 million a year ago.
- Aerospace and Defense (A&D) backlog stood at $1.6 billion, similar to the level a year ago.
- Book-to-bill ratios: Overall at 1.41; Commercial segment at 1.65; A&D segment at 1.10 in Q1 2026.
- Significant A&D bookings in Q1 2026 included programs like Alteams Air Defense Radar, APS 153 maritime surveillance radar, and ballistic missile detection systems.
- Data center and networking end market order growth exceeded expectations with 61% year-on-year increase.
- Ongoing strong demand from data center and networking customers, particularly driven by AI data center buildouts.
2 more points from TTM Technologies, Inc.'s call on order book
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What the Q2 FY26 call signalled
3 of 4 strong
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were TTM Technologies, Inc. Q2 FY26 results?
- The company is tracking well ahead of its previously communicated plan to grow revenues 15% to 20% per year for the next 3 years. - The company projects net sales growth to continue in the second half of 2026, following a strong first half.
What is TTM Technologies, Inc. share price analysis?
TTM Technologies, Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 107.0 with a market cap of $19,502. Investors should review the full earnings analysis for detailed insights.
Is TTM Technologies, Inc. planning capital expenditure?
- Capital expenditures (CapEx) for 2026 are increased from an initial range of $240-$260 million to $300-$320 million. - The increase reflects accelerated investments primarily in Asia, including facilities in China, Malaysia, and Syracuse, to keep pace with customer demand. - Early orders and deposits on equipment have been placed to mitigate lead time risks. - The company is expanding its global footprint with 24 manufacturing sites across China, Malaysia, Canada, and the U.S. - A new UK facility (~750,000 sq.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.