--- title: "TTM Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.004 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/295088335.md" datetime: "2026-08-06T10:07:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295088335.md) - [en](https://longbridge.com/en/news/295088335.md) - [zh-HK](https://longbridge.com/zh-HK/news/295088335.md) generator: "portal-rs" --- # TTM Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.004 B Revenue: As of FY2026 Q2, the actual value is USD 1.004 B, beating the estimate of USD 965.05 M. EPS: As of FY2026 Q2, the actual value is USD 0.77, beating the estimate of USD 0.6767. EBIT: As of FY2026 Q2, the actual value is USD 119.55 M. ### Second Quarter 2026 Performance Highlights TTM Technologies, Inc. reported net sales of $1.0 billion, a 37% year-over-year increase and an all-time quarterly record. The company achieved a GAAP net income of $83.0 million and a non-GAAP net income of $106.9 million, also an all-time quarterly record. Adjusted EBITDA stood at $166.8 million, representing 16.6% of net sales. Cash flow from operations was $96.4 million, or 9.6% of net sales. The total book-to-bill ratio was 1.49, and total program backlog exceeded $1.7 billion. The net leverage ratio was 0.9x. #### GAAP Financial Results GAAP operating income for the second quarter of 2026 was $109.1 million, compared to $61.8 million in the second quarter of 2025. GAAP net income was $83.0 million, an increase from $41.5 million in the prior year period. #### Non-GAAP Financial Results Adjusted EBITDA for the second quarter of 2026 was $166.8 million, or 16.6% of net sales, up from $109.7 million, or 15.0% of net sales, in the second quarter of 2025. Non-GAAP net income was $106.9 million, compared to $60.8 million in the second quarter of 2025. #### Segment Revenue **Aerospace & Defense (A&D)**: Net sales were $382.75 million in Q2 2026, up from $335.183 million in Q2 2025, representing 14% year-on-year revenue growth. This segment accounted for 37% of total net sales in Q2 2026, down from 45% in Q2 2025. **Commercial**: Net sales were $621.605 million in Q2 2026, significantly up from $395.624 million in Q2 2025. **Intersegment Eliminations**: These were - $0.301 million in Q2 2026, compared to - $0.186 million in Q2 2025. #### Revenue by End Market **Aerospace and Defense**: This market represented 37% of total net sales in Q2 2026, down from 45% in Q2 2025. **Automotive**: This market accounted for 8% of total net sales in Q2 2026, compared to 11% in Q2 2025. **Data Center and Networking**: This market represented 40% of total net sales in Q2 2026, up from 29% in Q2 2025, driven by continued AI demand and an increase of 91% year-on-year. **Medical, Industrial, and Instrumentation**: This market maintained 15% of total net sales in Q2 2026, consistent with Q2 2025, and experienced 33% year-on-year revenue growth. #### Operational Metrics **Gross Profit**: Gross profit was $211.858 million in Q2 2026, up from $148.109 million in Q2 2025. **Gross Margin**: Gross margin was 21.1% in Q2 2026, compared to 20.3% in Q2 2025. Non-GAAP gross margin was 21.9% in Q2 2026, up from 20.9% in Q2 2025. **Operating Expenses**: Total operating expenses were $102.803 million in Q2 2026, compared to $86.340 million in Q2 2025. This included selling and marketing expenses of $25.490 million (Q2 2026) vs $21.316 million (Q2 2025), general and administrative expenses of $62.107 million (Q2 2026) vs $49.719 million (Q2 2025), research and development expenses of $7.978 million (Q2 2026) vs $7.009 million (Q2 2025), amortization of definite-lived intangibles of $6.888 million (Q2 2026) vs $6.888 million (Q2 2025), and restructuring charges of $0.340 million (Q2 2026) vs $1.408 million (Q2 2025). **Operating Margin**: Operating margin was 10.9% in Q2 2026, compared to 8.5% in Q2 2025. Non-GAAP operating margin was 13.8% in Q2 2026, up from 11.1% in Q2 2025. #### Cash Flow **Operating Cash Flow**: Operating cash flow was $96.429 million in Q2 2026, compared to $97.804 million in Q2 2025. **Free Cash Flow**: Free cash flow was $46.013 million in Q2 2026, compared to $37.570 million in Q2 2025. #### Balance Sheet Data (as of June 29, 2026) **Cash and cash equivalents**: $507.905 million. **Accounts receivable, net**: $720.143 million. **Inventories**: $307.972 million. **Total current assets**: $2,249.899 million. **Total assets**: $4,415.709 million. **Long-term debt, net**: $969.456 million. **Total stockholders’ equity**: $1,934.428 million. #### Business Outlook For the third quarter of 2026, TTM Technologies, Inc. estimates net sales to be in the range of $1.10 billion to $1.14 billion. Non-GAAP net income per diluted share is projected between $1.21 and $1.27. For the full year 2026, the company expects net sales of approximately $4.4 billion and non-GAAP net income per share to approach $5.00. ### Related Stocks - [TTMI.US](https://longbridge.com/en/quote/TTMI.US.md) ## Related News & Research - [TTM Technologies (TTMI) Stock Could Be 19% Overvalued Despite Record $1B Revenue](https://longbridge.com/en/news/296393633.md) - [What Could TTM Technologies (TTMI) Gain From Its $1.1 Billion Acquisition?](https://longbridge.com/en/news/296191186.md) - [Bio-Techne declares Q3 2026 distribution of R$ 0.01 per unit, payable Sept. 10](https://longbridge.com/en/news/296357843.md) - [Xcel Energy sets BRL 0.26 per unit distribution for payment Oct. 26, 2026](https://longbridge.com/en/news/296646864.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**