Filing Flows › TTM Technologies (TTMI) › Q1 2026
TTM Technologies (TTMI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
TTM Technologies (TTMI) reported revenue of $846M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +9% from the quarter before. Operating margin was 8.6%, net earnings $50.0M (5.9% of revenue).
TTM Technologies, Q1 2026: revenue $846M (+30% year over year), operating margin 8.6%, net earnings $50.0M, operating cash flow $21.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $846M | +9% | +30% |
| Gross profit | $181M | +9% | +38% |
| Operating profit | $72.4M | -10% | +44% |
| Net earnings | $50.0M | -1% | +55% |
| Operating cash flow | $21.7M | -65% | — |
What changed
Revenue was $846.0M in Q1 2026, up 30% year over year and up 9% from the previous quarter. Aerospace and Defense Components was the largest line at 40% of revenue. Data Center and Networking added $114.3M year over year (up 61%), 58% of the total change. Automotive Components declined 2%.
Gross margin was 21.4%, up 1.2 points from Q1 2025. Operating profit was $72.4M, a 8.6% margin (up 0.8 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, above the 8% margin then. Operating expenses grew 35% against revenue growth of 30%. The fastest-growing cost line was General & admin (+57%). Net earnings were $50.0M, up 55% year over year. The effective tax rate was 14.6%.
Operating cash flow was $21.7M, 43% of net earnings. Non-cash charges added back $38.5M of depreciation and amortization and $24.4M of share-based compensation. Working capital and other items used $91.1M. Capital expenditures of $106.8M exceeded it, leaving free cash flow of −$85.1M.
Questions
What was TTM Technologies' revenue in the first quarter 2026?
TTM Technologies (TTMI) reported revenue of $846M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +9% from the quarter before.
Was TTM Technologies profitable in the first quarter 2026?
Operating profit was $72.4M (8.6% of revenue) and net earnings $50.0M.
Source: TTM Technologies 10-Q on SEC EDGAR.