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