Filing Flows › TTM Technologies (TTMI) › Q1 2025
TTM Technologies (TTMI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
TTM Technologies (TTMI) reported revenue of $649M for the first quarter 2025 (Q1 2025), +14% from a year earlier and -0.4% from the quarter before. Operating margin was 7.7%, net earnings $32.2M (5.0% of revenue).
TTM Technologies, Q1 2025: revenue $649M (+14% year over year), operating margin 7.7%, net earnings $32.2M, operating cash flow −$10.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $649M | -0.4% | +14% |
| Gross profit | $131M | +4% | +26% |
| Operating profit | $50.3M | +457% | +194% |
| Net earnings | $32.2M | +522% | +207% |
| Operating cash flow | −$10.7M | — | — |
What changed
Revenue was $648.7M in Q1 2025, up 14% year over year and roughly flat from the previous quarter. Aerospace and Defense was the largest line at 47% of revenue. Aerospace and Defense added $40.9M year over year (up 15%), 52% of the total change. Automotive Components declined 3%.
Gross margin was 20.2%, up 2.0 points from a year earlier. Operating profit was $50.3M, a 7.7% margin (up 4.8 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 3% margin then. Operating expenses fell 7% while revenue rose 14%. The fastest-growing cost line was Research & development (+10%). Net earnings were $32.2M, up 207% year over year. The effective tax rate was 21.5%.
Operating cash flow was −$10.7M. Non-cash charges added back $36.1M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $87.7M. Capital expenditures of $63.3M exceeded it, leaving free cash flow of −$74.0M.
Questions
What was TTM Technologies' revenue in the first quarter 2025?
TTM Technologies (TTMI) reported revenue of $649M for the first quarter 2025 (Q1 2025), +14% from a year earlier and -0.4% from the quarter before.
Was TTM Technologies profitable in the first quarter 2025?
Operating profit was $50.3M (7.7% of revenue) and net earnings $32.2M.
Source: TTM Technologies 10-Q on SEC EDGAR.