Ttm Technologies ( (TTMI) ) has released its Q2 earnings. Here is a breakdown of the information Ttm Technologies presented to its investors.
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TTM Technologies, Inc. is a global leader in manufacturing technology solutions, specializing in mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs). The company is renowned for its time-critical, one-stop design, engineering, and manufacturing services that help customers accelerate product development and market entry.
TTM Technologies reported robust financial results for the second quarter of 2025, showcasing significant growth and record-breaking achievements. The company achieved net sales of $730.6 million, marking a 21% increase compared to the same period last year. This growth was driven by strong demand across various end markets, particularly in Aerospace and Defense, and Data Center Computing sectors.
Key financial metrics highlighted in the report include a GAAP net income of $41.5 million, or $0.40 per diluted share, and a non-GAAP net income of $60.8 million, or $0.58 per diluted share. The company also recorded an adjusted EBITDA of $109.7 million, representing 15.0% of sales. Notably, TTM achieved record quarterly revenues in the Aerospace and Defense and Data Center Computing markets, fueled by the increasing requirements of generative AI.
The company continues to execute its strategic initiatives, including the acquisition of a facility in Wisconsin and land rights in Penang, to support regional diversification and future growth. TTM’s management remains optimistic about the company’s trajectory, projecting third-quarter revenues between $690 million and $730 million, with non-GAAP net income per diluted share expected to range from $0.57 to $0.63.
Looking ahead, TTM Technologies is poised to maintain its growth momentum by capitalizing on market opportunities and enhancing its operational efficiencies. The company is committed to supporting its customers’ evolving needs while navigating market dynamics and economic conditions.