COSTA MESA, CA – TTM Technologies’ third quarter net sales ended Sept. 26 were $641.7 million, down 15.8% year-over-year and up 6.6% sequentially.

GAAP net income attributable to stockholders for the period was $25.6 million, compared to a GAAP net loss of $2.2 million in the third quarter of 2015 and GAAP net income of $18.5 million in the second quarter of 2016.

GAAP operating income for the third quarter was $50.2 million, up 113% year-over-year and 45% sequentially.

“Our third quarter revenues matched our expectations, while profitability was better than forecast driving earnings to the highest level in years,” said Tom Edman, CEO of TTM.  “Strong operational execution drove non-GAAP earnings above the high end of our guidance.  Sequentially, a sharp acceleration in the cellular end market more than offset modest declines in the networking and communications end market, demonstrating the benefits of diversification.”

For the fourth quarter, TTM estimates revenue in the range of $650 million to $690 million.