Updated

Updated · Yahoo Finance · Aug 14

TTM Technologies Tops Q2 Estimates With $1 Billion Revenue as AI, Defense Drive 81% Backlog Jump

Updated

Updated · Yahoo Finance · Aug 14

TTM Technologies Tops Q2 Estimates With $1 Billion Revenue as AI, Defense Drive 81% Backlog Jump

1 articles · Updated · Yahoo Finance · Aug 14

$1.00 billion in Q2 revenue and $0.99 adjusted EPS both beat Wall Street forecasts, sending TTM Technologies higher after 37.4% year-on-year sales growth.
AI and defense demand powered the outperformance, with management saying about 80% of net sales tie to those markets and backlog rising 81% from a year earlier.
Q3 guidance pointed to more momentum: TTM forecast $1.12 billion revenue and $1.24 adjusted EPS at the midpoint, both above analyst estimates.
Margins also improved, with operating margin rising to 10.9% from 8.5%, while the Penang facility neared breakeven and the aerospace-and-defense qualified pipeline reached $7 billion.
Management said advanced-product supply chains remain secure, positioning TTM to keep benefiting from data center, networking, aerospace and munitions programs.

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With a $7 billion defense pipeline and sole-supplier status, could TTM Technologies become the ultimate bottleneck for military modernization?

As TTM banks on a massive $600 million N+M product ramp, will unforeseen supply constraints derail their explosive AI infrastructure growth?

TTM's European acquisitions promise global expansion, but will this bold move stretch their capacity too thin just as AI demand peaks?

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