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

By Reuters News


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:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$1.2 bln

$1.13 bln (6 Analysts)

Q3 Net Income

$84.8 mln

Q3 Gross Profit

$291.86 mln

Q3 Operating Income

$162.25 mln

Q3 Pretax Profit

$141.7 mln


Reuters Recommended Reads

  • Oct 21 - Texas Instruments Q3 revenue beats on growth in industrial, automotive, data center markets

  • Oct 21 - Lam Research Q1 revenue rises on higher semiconductor demand, but slightly falls below estimates

  • Oct 21 - Element Solutions Q3 sales jump 52% on electronics demand, acquisitions impact


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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