Q1 2026 TTM Technologies Inc Earnings Call Transcript

Apr 29, 2026 / 08:30 PM GMT

Release Date Price: MXN2400 (-4.00%)

Transcript 10-Q8-K

Key Points

Positve

TTM Technologies Inc (TTMI) reported a 30% year-on-year sales growth, achieving an all-time high for quarterly revenue.
The company achieved a non-GAAP EPS of $0.75 per diluted share, a 50% improvement year-on-year.
Adjusted EBITDA margin improved to 15.7% in Q1 2026, up from 15.3% in the prior year.
Strong demand in data center and networking end markets, with a 61% year-on-year growth driven by AI requirements.
TTM Technologies Inc (TTMI) is strategically positioned to benefit from megatrends in artificial intelligence and defense, with 80% of net sales related to these areas.

Negative

The automotive end market experienced a decline, impacting overall sales growth.
Increased foreign exchange losses due to the weakening of the U.S. Dollar, resulting in a $7 million loss in Q1 2026.
Free cash flow was a net usage of $85 million in Q1 2026, reflecting increased capital expenditures.
Interest income decreased to $2.5 million in Q1 2026, compared to $3 million in the same quarter last year.
The company faces pressure in the supply chain environment, which could impact lead times and pricing.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TTMI.OQ - TTM Technologies Inc
Q1 2026 TTM Technologies Inc Earnings Call
Apr 29, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to the TTM Technologies Q1 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker, Mr. Sean Hannon, Vice President of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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