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TTM Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$72.3M in Q3 2026 · $14.8M over twelve months

Operating cash flow$155M
Capital spending−$82.4M
Free cash flow+$72.3M
Cash / net income1.8×
Cash conversion cycle-2 days

Analysis

In Q3 2026, TTM Technologies generated $155M of operating cash flow and spent $82.4M on capital projects, leaving free cash flow of $72.3M.

Over the twelve months to Sep 28, 2026, operating cash flow was $336M; the largest uses were other investing ($359M), capital spending ($321M), other financing ($20.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($734M), asset & business sales ($14.8M); the cash balance rose by $385M.

Operating cash flow was $155M against net income of $84.8M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: contract assets −$188M, payables +$184M, receivables −$103M.

Its cash conversion cycle was -2 days (receivables 59 + inventory 32 − payables 92): suppliers fund its working capital.

Free cash flow

TTM Technologies: free cash flow by quarterTTM Technologies: free cash flow by quarter$30.0MQ4 2024−$74.0MQ1 2025$37.4MQ2 2025$42.4MQ3 2025−$6.5MQ4 2025−$85.1MQ1 2026$34.1MQ2 2026$72.3MQ3 2026
Operating cash flow less capital spending.
TTM Technologies: operating cash flow against capital spendingTTM Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$86.1M$56.0MQ4 2024−$10.7M$63.3MQ1 2025$97.8M$60.4MQ2 2025$142M$99.5MQ3 2025$62.9M$69.4MQ4 2025$21.7M$107MQ1 2026$96.4M$62.4MQ2 2026$155M$82.4MQ3 2026
Latest (Q3 2026): Operating cash flow $155M, Capital spending $82.4M.

Capital allocation, year by year

TTM Technologies: where the cash came from (up) and went (down), by fiscal yearTTM Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2022: Operating cash flow $177MFY2022: Net borrowing $74.2MFY2022: Asset sales $1.4MFY2022: Capital spending −$82.0MFY2022: Buybacks −$64.7M$252MFY2022FY2023: Operating cash flow $273MFY2023: Asset sales $6.0MFY2023: Capital spending −$103MFY2023: Acquisitions −$298MFY2023: Buybacks −$35.4M$279MFY2023FY2024: Operating cash flow $187MFY2024: Net borrowing −$56.8MFY2024: Asset sales $505KFY2024: Capital spending −$160MFY2024: Buybacks −$24.4M$188MFY2024FY2024: Operating cash flow $237MFY2024: Net borrowing −$1.2MFY2024: Asset sales $32.9MFY2024: Capital spending −$186MFY2024: Buybacks −$34.5M$270MFY2024FY2025: Operating cash flow $292MFY2025: Net borrowing −$3.8MFY2025: Shares issued $236KFY2025: Asset sales $781KFY2025: Capital spending −$293MFY2025: Buybacks −$17.9M$293MFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were capital spending ($823M) and acquisitions ($298M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$876M
Debt$1.6B
Net debt$768M
Due within a year$3.8M

TTM Technologies funds itself: free cash flow was $14.8M over the last twelve months, and $876M of cash and investments stands against $1.6B of debt ($3.8M due within a year, 229.7× covered by cash).

TTM Technologies: debt maturities by year (FY2025)TTM Technologies: debt maturities by year (FY2025)$3.8MYear 1$4.7MYear 2$83.8MYear 3$503MYear 4$329MYear 5
Principal due in each year as disclosed in the annual report, against $876M of cash and investments now.

Where the cash came from and went

TTM Technologies: sources (+) and uses (−) of cash, Q3 2026TTM Technologies: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$679MOther investing−$377MCash drawn (+) / kept (−)−$368MOperating cash flow$155MCapital spending−$82.4MOther financing−$8.9MAsset & business sales$2.5MExchange rates$74K
TTM Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026TTM Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$734MCash drawn (+) / kept (−)−$385MOther investing−$359MOperating cash flow$336MCapital spending−$321MOther financing−$20.0MAsset & business sales$14.8MExchange rates$374K

From profit to cash

TTM Technologies: net income to operating cash flow, Q3 2026TTM Technologies: net income to operating cash flow, Q3 2026Net income$84.8MDepreciation & amortization$43.5MStock-based pay$24.1MReceivables−$103MInventory−$9.4MPayables$184MEmployee-related liabilities$40.2MDeferred revenue$15.6MContract assets−$188MPrepaid and other assets−$8.3MOther liabilities$59.7MOperating cash flow$155M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026593292-2
Q2 202661348213
Q1 202664367921
Q4 202563387922
Q3 202560387326
Q2 202562396635
Q1 202566417037
Q4 202461396931

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$155M−$82.4M—$679M−$368M$72.3M
Q2 2026$96.4M−$62.4M—−$142M−$97.9M$34.1M
Q1 2026$21.7M−$107M—−$922K$91.2M−$85.1M
Q4 2025$62.9M−$69.4M—−$950K−$10.1M−$6.5M
Q3 2025$142M−$99.5M——−$43.2M$42.4M
Q2 2025$97.8M−$60.4M—−$948K−$36.7M$37.4M
Q1 2025−$10.7M−$63.3M−$17.9M−$947K$92.7M−$74.0M
Q4 2024$86.1M−$56.0M—$1.4M−$34.4M$30.0M

TTM Technologies: income statement and cash flow

TTM Technologies, Q3 2026: revenue $1.2B (+60% year over year), operating margin 13.5%. The chart follows the revenue to costs, profit and cash.

TTM Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.