Overview
Tech product manufacturer's Q4 revenue rose 19% yr/yr, beating analyst expectations
Non-GAAP net income hit record high, driven by data center demand
Adjusted EBITDA margin improved to 16.3% from 14.7% yr/yr
Outlook
TTM Technologies estimates Q1 2026 net sales between $770 mln and $810 mln
Company expects fiscal 2026 net sales growth in the 15% to 20% range
TTM anticipates Q1 2026 non-GAAP EPS between $0.64 and $0.70
Result Drivers
DATA CENTER DEMAND - Revenues grew 19% due to strong demand in data center computing and networking markets driven by generative AI
AEROSPACE AND DEFENSE GROWTH - Aerospace and defense markets experienced higher than market growth, contributing to overall revenue increase
MEDICAL AND INDUSTRIAL GROWTH - Medical, industrial, and instrumentation markets saw healthy double-digit revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $774.32 mln | $752.90 mln (4 Analysts) |
Q4 Net Income | $50.69 mln | ||
Q4 Gross Profit | $165.87 mln | ||
Q4 Operating Income | $80.75 mln | ||
Q4 Pretax Profit | $62.008 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for TTM Technologies Inc is $109.00, about 1.3% above its February 3 closing price of $107.57
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: ID:nGNX4SpCth
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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.)
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