Overview

* TTM Technologies ( TTMI ) Q3 net sales rose 22% yr/yr, beating analyst expectations

* Non-GAAP net income reached a record high, driven by demand in key markets

* Cash flow from operations was 18.8% of net sales, supporting growth strategy

Outlook

* TTM sees Q4 2025 net sales between $730 mln and $770 mln

* Company expects Q4 2025 non-GAAP EPS of $0.64 to $0.70

Result Drivers

* DEMAND IN DATA CENTER - Co attributes 22% revenue growth to strong demand in Data Center Computing and Networking markets, driven by generative AI

* GROWTH IN MULTIPLE MARKETS - Double-digit revenue growth in Medical, Industrial, Instrumentation, Aerospace, and Defense markets

* HEALTHY EBITDA MARGINS - Adjusted EBITDA margins were 16.1%, reflecting solid execution

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $752.73 $712 mln

mln (4

Analysts

)

Q3 Net $53.05

Income mln

Q3 Gross $156.73

Profit mln

Q3 $71.90

Operatin mln

g Income

Q3 $61.81

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for TTM Technologies Inc ( TTMI ) is $62.50, about 5.3% above its October 28 closing price of $59.21

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)