TTM Technologies: 3 Key Takeaways for Long-Term Investors
Operating margins hit a record 20.1%, signaling how the company is translating growth into bottom-line profit.
TTM Technologies reported record third-quarter 2026 sales of $1.2 billion and raised its full-year guidance during its earnings call on October 22, 2026. The company's growth is driven by expanding artificial intelligence infrastructure and strong demand for defense electronics. Key takeaways from management's comments include their expansion in facility capacity for high-density printed circuit boards, their upward movement in the aerospace and defense value chain by acquiring Epiq Solutions and MKS Inc.'s optics division, and their focus on higher sales volumes and execution improvements to boost adjusted EBITDA.
The company's backlog of $2 billion in aerospace and defense orders provides a protective cushion for operating margins. Management expects preliminary full-year 2027 sales to range between $6.5 billion and $6.75 billion. Sustained order momentum in data center computing and military hardware is seen as a long-term structural tailwind for differentiated interconnect technologies.
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