Filing Flows › TTM Technologies (TTMI) › Q2 2026 › vs Q1 2026
TTM Technologies (TTMI) Q2 2026 vs Q1 2026 (quarter over quarter)
TTM Technologies's revenue rose $158M (+19%) from $846M in Q1 2026 to $1.0B in Q2 2026. The biggest changes: Data Center and Networking +$104M (+34%); Aerospace and Defense Components +$29.6M (+9%); Medical Industrial Instrumentation +$15.2M (+11%). Gross margin 21.1% against 21.4% (-0.3 pts).
TTM Technologies, Q2 2026: revenue $1.0B (+37% year over year), operating margin 10.9%, net earnings $83.0M, operating cash flow $96.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 21.1% | 21.4% | -0.3 pts |
| Operating margin | 10.9% | 8.6% | +2.3 pts |
| Net margin | 8.3% | 5.9% | +2.4 pts |
| Free cash flow margin | 3.4% | -10.1% | +13.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Data Center and Networking | $405M | $302M | $104M | +34% |
| Aerospace and Defense Components | $371M | $342M | $29.6M | +9% |
| Medical Industrial Instrumentation | $148M | $133M | $15.2M | +11% |
| Automotive Components | $79.5M | $69.8M | $9.7M | +14% |
| Revenue | $1.0B | $846M | $158M | +19% |
| Gross profit | $212M | $181M | $30.7M | +17% |
| Cost of revenue | $792M | $665M | $127M | +19% |
| Operating profit | $109M | $72.4M | $36.6M | +51% |
| Operating expenses | $103M | $109M | −$5.9M | -5% |
| Pre-tax earnings | $81.2M | $58.5M | $22.7M | +39% |
| Other expense, net | $27.8M | $13.9M | $13.9M | +100% |
| Research & development | $8.0M | $7.8M | $170K | +2% |
| Sales & marketing | $25.5M | $25.0M | $496K | +2% |
| General & admin | $62.1M | $68.7M | −$6.6M | -10% |
| Other operating costs | $7.2M | $7.2M | $43K | +0.6% |
| Income tax benefit | $1.8M | −$8.5M | $10.3M | — |
| Net earnings | $83.0M | $50.0M | $33.1M | +66% |
| Depreciation & amortization | $40.3M | $38.5M | $1.8M | +5% |
| Share-based compensation | $13.3M | $24.4M | −$11.1M | -45% |
| Working capital & other | $40.3M | $91.1M | −$50.9M | -56% |
| Operating cash flow | $96.4M | $21.7M | $74.7M | +343% |
| Free cash flow (OCF − capex) | $34.1M | −$85.1M | $119M | — |
| Capital expenditures | $62.4M | $107M | −$44.5M | -42% |
Questions
How much did TTM Technologies's revenue grow quarter over quarter in Q2 2026?
TTM Technologies's revenue rose $158M (+19%) from $846M in Q1 2026 to $1.0B in Q2 2026.
What drove TTM Technologies's revenue change in Q2 2026?
Data Center and Networking +$104M (+34%); Aerospace and Defense Components +$29.6M (+9%); Medical Industrial Instrumentation +$15.2M (+11%).