TTM Technologies Q3 Earnings Call Highlights
TTM said AI-related demand and defense orders drove a 60% sales jump, and it plans a $400 million capacity expansion and a $650 million Ophir acquisition.
- TTM Technologies reported record third-quarter results on Thursday, delivering $1.2 billion in revenue and $1.46 per diluted share, representing a 60% year-over-year increase.
- Growth stems largely from AI-related infrastructure and defense modernization, with data center sales more than doubling to $493.6 million and aerospace and defense revenue climbing 21%.
- TTM announced the planned $650 million acquisition of Ophir, which CEO Edwin Roks noted will "establish a presence in Israel and Romania" and add precision infrared thermal imaging capabilities.
- Management expects the Penang facility to approach breakeven in the fourth quarter of 2026, aiding gross margin expansion. Roks cited a $400 million capacity investment to support critical N+M product demand.
- For 2027, the company anticipates revenue between $6.5 billion and $6.75 billion, reflecting sustained momentum in high-technology product offerings and recent strategic acquisitions.
14 Articles
14 Articles
TTM Technologies Q3 Earnings Call Highlights
TTM Technologies (NASDAQ:TTMI) reported record third-quarter 2026 revenue and non-GAAP earnings, citing continued demand from data center and networking customers, aerospace and defense programs, and other end markets. Third-quarter net sales rose 60% from a year earlier to $1.2 billion, compared w
Shares of Spotify, a Swedish music and podcast streaming service, rose more than 9% after the announcement of its third-quarter financial results. The company's monthly active users reached 788 million, and the number of paid subscribers reached 306 million. Banker.az reports that Bloomberg reported this. In the third quarter of 2026, Spotify's revenue increased by 16% year-on-year to 4.97 […]
Spotify increased its revenue by 16% and reached 788 million active users per month. These are the results that show the size of your global business.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
