TTM Technologies Posts 30% Q1 Sales Growth to $846M, Raises Q2 Guidance
TTM Technologies reported record Q1 net sales of $846 million, a 30% year-over-year increase, with GAAP net income of $50 million and adjusted EPS of $0.75. The company logged a book-to-bill ratio of 1.41, a $1.6 billion backlog and guided Q2 revenue to $930M-$970M.
1. Q1 Financial Highlights
TTM Technologies achieved record quarterly net sales of $846 million in Q1 2026, marking a 30% increase from the prior year. GAAP net income reached $50 million, or $0.47 per diluted share, while non-GAAP net income was $80.1 million, or $0.75 per diluted share, and adjusted EBITDA totaled $132.9 million (15.7% margin).
2. Market Demand and Backlog
The company’s book-to-bill ratio stood at 1.41, supported by strong demand across end markets. Aerospace & Defense represented 40% of sales, Data Center & Networking accounted for 36% driven by AI buildouts, and total program backlog grew to $1.6 billion, reflecting robust order intake.
3. Q2 Outlook
For the fiscal second quarter, TTM expects net sales between $930 million and $970 million, with non-GAAP EPS of $0.82 to $0.88. Management signaled confidence in sustaining the first half growth trajectory into the year’s second half, underpinned by continued market strength and solid operational execution.