{"article":{"annotation":{"article_id":"ttm-technologies-q3-2026-sales-ai-networking-growth","available_at":"2026-10-25T20:53:37.620930Z","geography_revision":"ef6ee0010dda5fe7b240fd514749b43e214c57da73222d2e40ec83b276dd0977","id":"480af7f1fb0dcc5384d95c96cf3107af910ca7ade486c5280010bfd6eb046e89","input_sha256":"3d095cff238db9dda6a1fc00b10fc28d82da463afa2f4c9bd2dbff2f10f96416","limitations":["Rule-derived subjects are candidates, not verified editorial labels or calibrated model probabilities.","Coverage is distinct from event location. Unknown country/city/coordinates remain absent; no automatic geocoding.","Article geometries keep their stated precision and methodology; reproducing them is not independent coordinate verification."],"method":"controlled-rules-v1","places":[{"admin1":null,"city":null,"coordinate_note":null,"coordinate_reference_system":"OGC:CRS84","coordinate_source":null,"country":"US","evidence":[{"field":"country","language":"en","note":"Explicit preserved editorial country/region; no city or national centroid inferred","source_urls":["https://investors.ttm.com/news-events/press-releases/detail/420/ttm-technologies-inc-reports-third-quarter-2026-results","https://investors.ttm.com/news-events/press-releases"]}],"geometry":null,"id":"iso3166-1:US","kind":"country-or-area","labels":{"ar":"الولايات المتحدة الأمريكية","en":"United States of America","es":"Estados Unidos de América","fr":"États-Unis d’Amérique"},"match_status":"candidate","precision":"regional","role":"coverage","uncertainty_m":null}],"rules_sha256":"fb5ad3c27c91cb840f7a0a05f7f64a5cb26ad0374409ff9457f277c7092e22b4","schema_version":1,"subjects":[{"concept_id":"medtop:13000000","confidence":null,"confidence_method":null,"evidence":[{"field":"category+topics","language":"en","note":"Preserved editorial category/topic; broad candidate only","source_urls":["https://investors.ttm.com/news-events/press-releases/detail/420/ttm-technologies-inc-reports-third-quarter-2026-results","https://investors.ttm.com/news-events/press-releases"]}],"method":"controlled-rules-v1","rule_id":"technology-broad","status":"candidate"}],"taxonomy_revision":"1f2db31d811fca07e99b16d402c10e2cc2965c9df1c7b41d9be348b40a24e7fb","taxonomy_version":"IPTC Media Topics 2026-Q2"},"api_url":"https://newsverum.com/api/v1/articles/ttm-technologies-q3-2026-sales-ai-networking-growth?lang=en","category":"technology","content":{"key_points":[],"paragraphs":["TTM reported on Oct. 22 that net sales for the quarter ended Sept. 28, 2026, reached $1.2 billion, compared with $752.7 million a year earlier.","Adjusted EBITDA was $242.3 million, or 20.1% of sales, which TTM described as a quarterly record. The release separately reported non-GAAP net income of $157.8 million and $1.46 per diluted share.","Data Center and Networking accounted for 41% of sales and increased 115% year over year, according to the company. Aerospace and Defense represented 34% of sales, and the disclosed program backlog for that market was $2.0 billion.","TTM said all key markets contributed to sales growth, including Medical, Industrial and Instrumentation. It attributed the quarter’s results to a mix of customer demand, product markets and recent acquisition activity.","The report includes non-GAAP measures that are defined by the company and should be read alongside the GAAP figures. TTM also said acquisitions completed or announced around the quarter affect how its current outlook should be interpreted.","The results indicate a strong quarter for a supplier of circuit boards, substrates, RF components and mission systems. They do not establish that all growth came from AI: the release also shows contributions from medical, industrial and aerospace markets.","The comparison with the prior year shows the scale and composition of the increase. Sales rose from $752.7 million to $1.2 billion, while GAAP operating income increased from $71.9 million to $162.3 million and GAAP net income from $53.1 million to $84.8 million. TTM’s adjusted EBITDA more than doubled, from $120.9 million to $242.3 million; its reported adjusted margin moved from 16.1% to 20.1%. The measures are not interchangeable: adjusted EBITDA and non-GAAP income exclude items that remain in GAAP results, so readers should compare like measures and review the company’s reconciliation.","The sales mix helps explain why the release highlights several end markets. Data Center and Networking was 41% of sales and grew 115% year on year; Medical, Industrial and Instrumentation grew 97%, while Aerospace and Defense grew 21%. The latter represented 34% of sales and carried a disclosed program backlog of $2.0 billion. A 2.13 total book-to-bill ratio indicates orders booked exceeded shipments in the reported period under the company’s measure, but it is not itself a revenue forecast and does not guarantee that every order will convert on a particular timetable.","TTM also described cash generation and acquisition financing as part of its operating picture. Cash flow from operations was $154.7 million, or 12.9% of sales. Following Epiq Solutions’ September 30 closing, management put September 30 net leverage at 2.8 times pro-forma adjusted trailing EBITDA. It said it expected leverage to be within a targeted 1.5-to-2.0-times range by the expected closing of the proposed Ophir transaction. That expectation is management guidance, not a completed outcome; the $650 million Ophir deal was proposed and excluded from current guidance.","The company’s outlook separates closed acquisitions from transactions still pending. Fourth-quarter 2026 net sales guidance was $1.42 billion to $1.44 billion, and full-year 2026 sales guidance was $4.47 billion to $4.49 billion. Its preliminary 2027 forecast was $6.5 billion to $6.75 billion in sales. The 2027 range included closed STG and Epiq and their associated financing costs, but excluded acquisitions that had not closed. TTM also cautioned that it could not reconcile its forward-looking non-GAAP earnings-per-share range to GAAP without unreasonable effort because uncertain items may materially affect the comparison.","For readers assessing the AI-related angle, the release establishes that the data-center and networking segment expanded rapidly and that the company cited continued AI demand. It does not isolate what fraction of segment sales was specifically AI-related, identify individual customer contributions, or establish future demand. The results were identified as the most current information available to management before completion of the Form 10-Q process, and TTM warned actual filed results could differ after closing procedures, adjustments and auditor review."],"sections":[]},"corrections":[],"country":"US","data":{"blocks":[{"description":{"en":"Şirketin 28 Eylül’de biten çeyrek için bildirdiği değerler.","tr":"Company-reported figures for the quarter ended September 28."},"id":"source-facts","items":[{"basis":"observed","label":{"en":"Net sales","tr":"Net satışlar"},"measure":{"aggregation":"flow","frequency":"quarterly","geography":"world","id":"americas-386290930096","periodRole":"reference-period","unitCode":"billion-usd"},"period":"2026-09","periodStart":"2026-07","unit":"billion USD","value":1.2},{"basis":"observed","label":{"en":"GAAP net income","tr":"GAAP net kâr"},"measure":{"aggregation":"flow","frequency":"quarterly","geography":"world","id":"americas-252397469437","periodRole":"reference-period","unitCode":"million-usd"},"period":"2026-09","periodStart":"2026-07","unit":"million USD","value":84.8},{"basis":"observed","label":{"en":"Data Center and Networking share of sales","tr":"Veri Merkezi ve Ağ satış payı"},"measure":{"aggregation":"unspecified","frequency":"quarterly","geography":"world","id":"americas-336092889308","periodRole":"reference-period","unitCode":"percent"},"period":"2026-09","periodStart":"2026-07","unit":"percent","value":41}],"methodology":{"en":"Values are transcribed from TTM’s release. Adjusted EBITDA and non-GAAP net income are company-defined non-GAAP measures; net sales and GAAP net income are presented separately.","tr":"Değerler TTM açıklamasından aktarılmıştır. Düzeltilmiş FAVÖK ve GAAP dışı net kâr şirketin tanımladığı ölçümlerdir; satış ve GAAP net kâr ayrı gösterilir."},"sourceUrls":["https://investors.ttm.com/news-events/press-releases/detail/420/ttm-technologies-inc-reports-third-quarter-2026-results"],"title":{"en":"TTM’nin 2026 üçüncü çeyrek seçilmiş finansal göstergeleri","tr":"Selected TTM Q3 2026 financial figures"},"type":"metrics","updatedAt":"2026-10-25T20:47:21Z"}],"version":1},"data_downloads":[{"formats":{"csv":"https://newsverum.com/api/v1/articles/ttm-technologies-q3-2026-sales-ai-networking-growth/data/source-facts?lang=en&format=csv","json":"https://newsverum.com/api/v1/articles/ttm-technologies-q3-2026-sales-ai-networking-growth/data/source-facts?lang=en&format=json"},"id":"source-facts"}],"data_types":["metrics"],"editorial_illustration":{"alt":"Conceptual illustration of technology, processors and connected information.","asset_id":"newsverum-v1-technology","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"topic","url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.webp","width":1536}],"width":1536},"event_id":"event-c3107f63-2900-5423-a5d8-f842fd7ed263","event_period":"2026-09-28","event_period_basis":"event-or-reference-period","id":"ttm-technologies-q3-2026-sales-ai-networking-growth","image":null,"importance":0.6,"language":"en","modified_at":"2026-10-25T20:52:59+00:00","publication_basis":"publication-record","published_at":"2026-10-25T20:52:59+00:00","reading_minutes":4,"region":"world","section_illustration":{"alt":"Conceptual illustration of technology, processors and connected information.","asset_id":"newsverum-v1-technology","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"section","url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/technology-1536.webp","width":1536}],"width":1536},"slug":"ttm-technologies-q3-2026-sales-ai-networking-growth","sources":[{"checkedAt":"2026-10-25","name":"TTM Technologies, Inc.","publishedAt":"2026-10-22","url":"https://investors.ttm.com/news-events/press-releases/detail/420/ttm-technologies-inc-reports-third-quarter-2026-results"},{"checkedAt":"2026-10-25","name":"TTM Technologies, Inc.","url":"https://investors.ttm.com/news-events/press-releases"}],"summary":"TTM Technologies reported third-quarter net sales of $1.2 billion, up 60% year over year. Data-center and networking products led the company’s reported growth.","text":"TTM Technologies reported third-quarter net sales of $1.2 billion, up 60% year over year. Data-center and networking products led the company’s reported growth.\n\nTTM reported on Oct. 22 that net sales for the quarter ended Sept. 28, 2026, reached $1.2 billion, compared with $752.7 million a year earlier.\n\nAdjusted EBITDA was $242.3 million, or 20.1% of sales, which TTM described as a quarterly record. The release separately reported non-GAAP net income of $157.8 million and $1.46 per diluted share.\n\nData Center and Networking accounted for 41% of sales and increased 115% year over year, according to the company. Aerospace and Defense represented 34% of sales, and the disclosed program backlog for that market was $2.0 billion.\n\nTTM said all key markets contributed to sales growth, including Medical, Industrial and Instrumentation. It attributed the quarter’s results to a mix of customer demand, product markets and recent acquisition activity.\n\nThe report includes non-GAAP measures that are defined by the company and should be read alongside the GAAP figures. TTM also said acquisitions completed or announced around the quarter affect how its current outlook should be interpreted.\n\nThe results indicate a strong quarter for a supplier of circuit boards, substrates, RF components and mission systems. They do not establish that all growth came from AI: the release also shows contributions from medical, industrial and aerospace markets.\n\nThe comparison with the prior year shows the scale and composition of the increase. Sales rose from $752.7 million to $1.2 billion, while GAAP operating income increased from $71.9 million to $162.3 million and GAAP net income from $53.1 million to $84.8 million. TTM’s adjusted EBITDA more than doubled, from $120.9 million to $242.3 million; its reported adjusted margin moved from 16.1% to 20.1%. The measures are not interchangeable: adjusted EBITDA and non-GAAP income exclude items that remain in GAAP results, so readers should compare like measures and review the company’s reconciliation.\n\nThe sales mix helps explain why the release highlights several end markets. Data Center and Networking was 41% of sales and grew 115% year on year; Medical, Industrial and Instrumentation grew 97%, while Aerospace and Defense grew 21%. The latter represented 34% of sales and carried a disclosed program backlog of $2.0 billion. A 2.13 total book-to-bill ratio indicates orders booked exceeded shipments in the reported period under the company’s measure, but it is not itself a revenue forecast and does not guarantee that every order will convert on a particular timetable.\n\nTTM also described cash generation and acquisition financing as part of its operating picture. Cash flow from operations was $154.7 million, or 12.9% of sales. Following Epiq Solutions’ September 30 closing, management put September 30 net leverage at 2.8 times pro-forma adjusted trailing EBITDA. It said it expected leverage to be within a targeted 1.5-to-2.0-times range by the expected closing of the proposed Ophir transaction. That expectation is management guidance, not a completed outcome; the $650 million Ophir deal was proposed and excluded from current guidance.\n\nThe company’s outlook separates closed acquisitions from transactions still pending. Fourth-quarter 2026 net sales guidance was $1.42 billion to $1.44 billion, and full-year 2026 sales guidance was $4.47 billion to $4.49 billion. Its preliminary 2027 forecast was $6.5 billion to $6.75 billion in sales. The 2027 range included closed STG and Epiq and their associated financing costs, but excluded acquisitions that had not closed. TTM also cautioned that it could not reconcile its forward-looking non-GAAP earnings-per-share range to GAAP without unreasonable effort because uncertain items may materially affect the comparison.\n\nFor readers assessing the AI-related angle, the release establishes that the data-center and networking segment expanded rapidly and that the company cited continued AI demand. It does not isolate what fraction of segment sales was specifically AI-related, identify individual customer contributions, or establish future demand. The results were identified as the most current information available to management before completion of the Form 10-Q process, and TTM warned actual filed results could differ after closing procedures, adjustments and auditor review.","title":"TTM Technologies reports 60% year-over-year sales growth in Q3","topics":[],"translations":[{"api_url":"https://newsverum.com/api/v1/articles/ttm-technologies-q3-2026-sales-ai-networking-growth?lang=tr","language":"tr","url":"https://newsverum.com/tr/news/ttm-technologies-q3-2026-sales-ai-networking-growth"},{"api_url":"https://newsverum.com/api/v1/articles/ttm-technologies-q3-2026-sales-ai-networking-growth?lang=en","language":"en","url":"https://newsverum.com/en/news/ttm-technologies-q3-2026-sales-ai-networking-growth"}],"url":"https://newsverum.com/en/news/ttm-technologies-q3-2026-sales-ai-networking-growth"},"version":"1"}