TTM Technologies Q4 revenue up 19%, beats estimates

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

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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