TTM Technologies Q3 revenue jumps 60%, beats expectations on data center demand
TTMI•TTM Technologies’ third-quarter revenue rose 60% year over year to $1.2 billion, beating the $1.13 billion analyst consensus, while non-GAAP EPS reached a record high. The company forecast fourth-quarter sales of $1.42 billion to $1.44 billion and initiated 2027 sales guidance of $6.5 billion to $6.75 billion.
1. Quarterly results
TTM Technologies said third-quarter revenue rose 60% year over year to $1.2 billion, above the $1.13 billion consensus estimate. Non-GAAP EPS reached a record high. The company cited demand in Data Center & Networking, Medical, Industrial & Instrumentation, and Aerospace & Defense, along with margin expansion initiatives and recent acquisitions.
2. Outlook
TTM expects fourth-quarter net sales of $1.42 billion to $1.44 billion and non-GAAP EPS of $1.77 to $1.83. It initiated 2027 net sales guidance of $6.5 billion to $6.75 billion.
