{
  "id": 1022944,
  "title": "TTM Technologies (TTMI) Just Broke $1B, So What’s Next?",
  "url": "https://urgent.news/2026/08/14/ttm-technologies-ttmi-just-broke-1b-so-whats-next",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T10:14:07.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/ttm-technologies-ttmi-just-broke-101407060.html"
  },
  "original_language": "en",
  "account": "TTM Technologies (TTMI) recently reported breaking the $1 billion revenue milestone for the first time, with impressive growth metrics. Revenue increased 37% year-over-year, while non-GAAP earnings per share soared 71% to $0.99, both all-time highs for the company. Data center and networking sales accounted for 40% of the quarter's revenue and grew 91% year-over-year, driven by customers expanding AI data centers. The company expects the data center and networking segment to make up 49% of net sales in the third quarter of 2026, with a projected more than double growth for the full year. Additionally, aerospace and defense sales grew 14% year-over-year, with a $1.7 billion program backlog and $7 billion in qualified pipeline tied to key programs. Medical, industrial, and instrumentation sales also grew 33%, as continuous glucose monitoring products and AI-driven test equipment gained traction. Company-wide book-to-bill reached 1.49, and 90-day backlog increased 81% to $901 million. Two pending European acquisitions, Swiss Technology Group AG and ILFA GmbH, are expected to close in the third quarter, giving TTM its first European footprint in medical and defense. However, automotive sales slipped and are expected to decline to about 6% of the third-quarter sales as material suppliers shift away from lower-complexity products. Rising institutional ownership and light short interest suggest that the market is confident in TTM's growth story.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}