TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Y/Y
TTM Technologies (TTMI) reported Q3 2026 non-GAAP earnings of $1.46 per share, up 117.9% Y/Y, and revenues of $1.2B, up 59.9% Y/Y. Growth was driven by AI, defense, and industrial demand. The company's backlog reached $1.3B, with a book-to-bill ratio of 2.13. TTMI expects Q4 2026 revenues of $1.42B-$1.44B and FY 2026 revenues of $4.47B-$4.49B. Preliminary 2027 guidance projects revenues of $6.5B-$6.75B.
How this was made
The 30-second read
Why it matters
The Q3 results highlight a rapid shift toward AI‑driven data‑center demand, while defense bookings remain robust, suggesting a diversified growth trajectory.
Market read
The earnings beat and raised guidance provide a clear catalyst for TTMI and signal strength in AI‑related hardware markets.
What to watch
Higher debt levels and capital expenditures could pressure margins if demand slows.
Background
TTM Technologies (TTMI) is a printed circuit board supplier serving data‑center, AI, aerospace, and defense customers.
Ticker impact
TTM Technologies reported Q3 2026 non‑GAAP earnings of $1.46 per share, a 117.9% YoY beat and raised full‑year guidance, marking the first public disclosure of these results.
likely upside as the market prices in the earnings beat and higher guidance
The earnings surprise and guidance raise are fresh, material information for a mid‑cap listed company, driving investor optimism.
Market effects
AI‑related demand and defense spending boost the broader electronics and defense sectors.
Positive for U.S. technology and defense manufacturers.
Reinforces global AI hardware growth narrative.
Counterpoint
If the earnings beat is already priced in, the stock may face short‑term profit‑taking.
Key entities
- companyTTM Technologies
U.S. PCB manufacturer reporting Q3 earnings.
