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

TTM Technologies

Today 11:09

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: ID:nGNX405gQb

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.)