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TTMIBullishEarningsnews
High materiality8/10

TTM Technologies reports record Q2 results, European acquisitions and strong outlook

Aug 5, 2026, 4:06 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Record quarterly results, backlog growth, and a near-term M&A catalyst support upside; execution risk lies in closing/acquisition integration and potential financing costs.

AI summary

What happened, with direct paths to the underlying reporting

TTM Technologies delivered a record second quarter with net sales of $1.004B, adjusted EBITDA of $166.8M and backlog over $1.7B, led by AI-driven Data Center and Networking demand. The company announced agreements to acquire Swiss Technology Group AG and ILFA GmbH to accelerate Europe expansion, and guided full-year 2026 revenue of about $4.4B with non-GAAP EPS near $5.00, with acquisitions slated to close in Q3 2026.

  • TTM reports Q2 2026: net sales $1.004B; YoY +37%; backlog $1.7B.
  • AI and data-center demand drives 40% of sales; EBITDA margin 16.6%.
  • Acquisitions of Swiss Technology Group AG and ILFA GmbH; closing expected Q3 2026.
  • Full-year 2026 revenue guidance near $4.4B; non-GAAP EPS around $5.00.

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