TTM Technologies reports record Q3 2026 results and announces $650 M Ophir Optics acquisition
TTM Technologies posted third‑quarter 2026 net sales of $1.2 billion, up about 60 % year‑over‑year, and non‑GAAP earnings per share of $1.46, both record highs. The company announced a planned all‑cash acquisition of Ophir Optics from MKS Inc. for $650 million and additional purchases in Europe and the UK. It guided Q4 2026 sales of $1.42‑$1.44 billion and FY 2027 sales of $6.5‑$6.75 billion, while noting a 22 % share price drop after the release.
Why it matters
The strong revenue and earnings beat were offset by investor concerns over the $650 million acquisition and the company’s aggressive capital spending, leading to a 22 % decline in the stock price. The guidance raises the revenue outlook for FY 2027, which could affect analysts’ target models and valuation assumptions.
Key facts
- 1Net sales were $1.2 billion, up 60 % year‑on‑year. stocktitan.net
- 2Non‑GAAP EPS was $1.46, a 118 % increase from the prior year. investing.com
- 3Adjusted EBITDA was $242.3 million, a 20.1 % margin. stocktitan.net
- 4TTM announced plans to acquire Ophir Optics for $650 million, or 10.3 × FY 2027 adjusted EBITDA. stocktitan.net
- 5Q4 2026 sales guidance is $1.42 billion‑$1.44 billion. finance.yahoo.com
- 6Preliminary FY 2027 sales outlook is $6.5 billion‑$6.75 billion. tradingview.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.