SANTA ANA, CA -- TTM Technologies reported second quarter net sales of $730.6 million, up 21% year over year.

GAAP net income was $41.5 million, and non-GAAP net income was $60.8 million, versus $39 million and $40.2 million, respectively, a year ago.

For the June period, cash flow from operations was $97.8 million, or 13.4% of revenues.

The PCB fabricator reported record quarterly revenues for the Aerospace and Defense and Data Center Computing end markets

Adjusted EBITDA was $109.7 million, or 15% of sales, compared to adjusted EBITDA of $84.6 million, or 14% of sales, for the second quarter of 2024.

“We delivered a strong quarter with revenues and non-GAAP EPS above the high end of the guided range with non-GAAP EPS at a quarterly record high. Revenues grew 21% year on year due to demand strength in our Aerospace and Defense, Medical, Industrial and Instrumentation, Data Center Computing, and Networking end markets, with the increased demand in the latter two being driven by the requirements of generative AI,” said Tom Edman, CEO, TTM.

“Non-GAAP operating margins were 11.1%, up 210 basis points year on year, and were double digits for the fourth consecutive quarter, reflecting continued solid execution. In addition, cash flow from operations was a solid 13.4% of revenues. Finally, we announced that we acquired a facility in Wisconsin and land rights in Penang as we continue to support the regional diversification of our customers’ PCB supply chains and projected future growth in the business.”

For the third quarter of 2025, TTM estimates that revenues in the range of $690 million to $730 million.

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