TTM Technologies beats Q3 street views, guides FY EPS above consensus (TTMI:NASDAQ)
TTM Technologies reported Q3 Non-GAAP EPS of $1.46, exceeding estimates by $0.20. Revenue grew 59.4% year-over-year to $1.2B, surpassing expectations by $70M. Adjusted EBITDA hit a record $242.3M, with net income at $157.8M. The company guided FY EPS above consensus.
How this was made
The 30-second read
Why it matters
The earnings beat and raised FY EPS guidance are likely to drive short-term buying pressure.
Market read
Earnings beat and guidance raise make TTMI a near-term trade candidate.
What to watch
Potential supply chain constraints could limit future growth despite current beat.
Background
TTM Technologies announced its Q3 results with a 59.4% YoY revenue increase and record adjusted EBITDA.
Ticker impact
TTM Technologies reported Q3 Non-GAAP EPS of $1.46, beating estimates by $0.20 and raised FY EPS guidance above consensus.
likely upward pressure as market prices in the earnings beat and higher guidance
The surprise EPS beat and guidance raise indicate stronger performance than expected, prompting buying interest.
Market effects
Positive for the semiconductor manufacturing equipment sector as a peer shows strong growth.
Supports broader US tech earnings momentum.
Limited to investors tracking US-listed tech hardware firms.
Counterpoint
If the beat is already priced in, the stock may face short-term profit taking.
Key entities
- CompanyTTM Technologies
US-listed semiconductor equipment manufacturer.
