TTM Technologies reports record third quarter 2026 results

TTM Technologies, Inc. has reported its financial results for the third quarter of 2026, ending September 28, 2026. The company achieved net sales of $1.2 billion, representing a 60% increase year-on-year.

Key financial milestones include record GAAP net income of $84.8 million and record non-GAAP net income of $157.8 million. Adjusted EBITDA reached a quarterly record of $242.3 million, accounting for 20.1% of net sales.

Revenue was driven by the Data Center and Networking end market, which comprised 41% of total net sales due to sustained demand for AI. The Aerospace and Defense (A&D) end market accounted for 34% of net sales, with a total A&D program backlog of $2.0 billion.

Regarding recent expansion, TTM announced plans to acquire Ophir Optics from MKS Inc. for $650 million in an all-cash transaction. Additionally, the company entered into an agreement to acquire Merlin Circuit Technology Ltd. and Merlin Flex Ltd., two printed circuit board fabrication factories in the United Kingdom, to expand its European footprint.