Operating globally, TTM Technologies, Inc. (TTMI) specializes in the production and distribution of printed circuit boards (PCBs). The company's operations are structured ...
Founded in 1978 and headquartered in Santa Ana, California, TTM Technologies, Inc. (NASDAQ: TTMI) is a global leader in the production of printed circuit boards and RF components. The company operates through two key segments: Printed Circuit Boards (PCBs) and RF&S Components. Its extensive product portfolio includes conventional and high-density ...Founded in 1978 and headquartered in Santa Ana, California, TTM Technologies, Inc. (NASDAQ: TTMI) is a global leader in the production of printed circuit boards and RF components. The company operates through two key segments: Printed Circuit Boards (PCBs) and RF&S Components. Its extensive product portfolio includes conventional and high-density interconnect (HDI) boards, substrate-like boards (SLP), flexible and rigid-flex boards, as well as specialized RF and microwave circuits. TTM also offers integrated circuit (IC) substrates, multi-chip modules, custom assemblies, and advanced ceramic components, along with beamforming and switching networks. The company provides value-added services such as RF design-to-specification, design for manufacturability, PCB layout, simulation, and testing. TTM primarily serves original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) companies in critical markets including aerospace and defense, data center computing, automotive, medical devices, industrial, and instrumentation. As of recent data, TTM employs approximately 18,200 people worldwide. The company is led by President and CEO Edwin Roks, who joined in September 2025. TTM has a market capitalization around $14.4 billion, with annual revenue per share of $32.38, and maintains a strong focus on advanced technology and innovation. Historically, TTM has grown through strategic acquisitions and remains a top PCB manufacturer globally and the largest in North America. The company emphasizes environmental, social, and governance (ESG) principles and aims to drive long-term value for shareholders through operational excellence and market leadership.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.9B
+19.0%
+18.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$177.4M
+215.2%
+66.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+19.6%
+0.0%
+1.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+9.0%
+89.5%
+23.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+6.1%
+164.9%
+40.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-683000
-101.3%
+140.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-0.0%
-101.1%
+133.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
63.4%
-2.4%
-2.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.93x
-2.9%
-5.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Hello, and welcome to TTM Technologies' Second Quarter 2026 Earnings Conference Call. Please note that this call is being recorded. I will now hand the call over to Sean Hannan, Vice President of Investor Relations at TTM. Mr. Hannan, please go ahead.
Sean Kilian Hannan : Greetings, everyone. Welcome, and thank you for joining us today. I'm Sean Hannan, Vice President of Investor Relations for TTM. With me on the call are Edwin Roks, our President and Chief Executive Officer; and Dan Boehle, our Executive Vice President and Chief Financial Officer. Before we get started, I'd like to remind everybody that today's call contains forward-looking statements, including statements related to TTM's future business outlook. Actual results could differ materially from these forward-looking statements due to one or more risks and uncertainties, including the risk factors we provided in our filings with the Securities and Exchange Commission, which we encourage you to review. These forward-looking statements represent management's expectations and assumptions based on currently available information. TTM does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or other circumstances, except as required by law. We will also discuss on this call certain non-GAAP financial measures such as adjusted EBITDA. Such measures should not be considered as a substitute for the measures prepared and presented in accordance with GAAP, and we direct you to the reconciliations between GAAP and non-GAAP measures included in the company's earnings release, which is available on the Investor Relations section of TTM's website at investors.ttm.com. We have also posted on the website an earnings presentation that we will refer to during the call. Here is Edwin.
Edwin Roks : Thank you, Sean. Good afternoon, everyone, and thank you for joining us for our second quarter 2026 conference call. At TTM Technologies, we are focused on designing and manufacturing complex advanced interconnect products and printed circuit boards in addition to what we term up as up-the-chain products and solutions such as sophisticated RF modules, intricate subsystems and fully integrated mission systems. Core to the design of all our products and solutions as well as the key strategy to our business is innovative focus to satisfy next-generation needs for our customers and end markets, particularly regarding SWaP or size, weight and power. We believe the future of electronics lies in speed to market, high reliability and efficient technology integration, and we consequently engaged early with our customers to ensure this alignment while also enabling optimal management of their complex supply chains. From a demand standpoint, we remain excited about the key megatrends of artificial intelligence and defense, which have been strong drivers of our performance and new business activity at TTM. …