COSTA MESA, CA – TTM Technologies reported fiscal second quarter net sales were $716.9 million, up 14.3% year-over-year and 8% sequentially.

For the quarter ended July 2, GAAP net income was $84 million, an increase of 307.8% year-over-year and 731.7% sequentially.

GAAP operating income was $31.7 million, down 30% compared to the same quarter last year and up 5.7% sequentially.

Financial results included a partial quarter contribution from the acquisition of Anaren, completed on April 18.

During the quarter, cash flow from operations was $55.6 million.

“In the second quarter, TTM delivered strong results,” said CEO Tom Edman. “We were pleased to see solid year-over-year growth from the aerospace and defense, automotive, computing and medical/industrial/instrumentation end markets that more than offset weakness in our cellular end market. Further, Anaren’s contribution in the quarter was better than forecasted. Longer term, Anaren’s deep RF expertise will strengthen TTM’s ability to engage with customers at the design stage in order to provide more value-added solutions.”

For the fiscal third quarter, TTM estimates revenue will be in the range of $730 million to $770 million.

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