Filing Flows › TTM Technologies (TTMI) › Q2 2026 › vs Q2 2025
TTM Technologies (TTMI) Q2 2026 vs Q2 2025 (year over year)
TTM Technologies's revenue rose $273M (+37%) from $731M in Q2 2025 to $1.0B in Q2 2026. The biggest changes: Data Center and Networking +$193M (+91%); Aerospace and Defense Components +$46.1M (+14%); Medical Industrial Instrumentation +$36.5M (+33%). Gross margin 21.1% against 20.3% (+0.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 21.1% | 20.3% | +0.8 pts |
| Operating margin | 10.9% | 8.5% | +2.4 pts |
| Net margin | 8.3% | 5.7% | +2.6 pts |
| Free cash flow margin | 3.4% | 5.1% | -1.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Data Center and Networking | $405M | $213M | $193M | +91% |
| Aerospace and Defense Components | $371M | $325M | $46.1M | +14% |
| Medical Industrial Instrumentation | $148M | $112M | $36.5M | +33% |
| Automotive Components | $79.5M | $81.4M | −$2.0M | -2% |
| Revenue | $1.0B | $731M | $273M | +37% |
| Gross profit | $212M | $148M | $63.7M | +43% |
| Cost of revenue | $792M | $583M | $210M | +36% |
| Operating profit | $109M | $61.8M | $47.3M | +77% |
| Operating expenses | $103M | $86.3M | $16.5M | +19% |
| Pre-tax earnings | $81.2M | $45.5M | $35.7M | +78% |
| Other expense, net | $27.8M | $16.2M | $11.6M | +71% |
| Research & development | $8.0M | $7.0M | $969K | +14% |
| Sales & marketing | $25.5M | $21.3M | $4.2M | +20% |
| General & admin | $62.1M | $49.7M | $12.4M | +25% |
| Other operating costs | $7.2M | $8.3M | −$1.1M | -13% |
| Income tax benefit | $1.8M | −$4.0M | $5.8M | — |
| Net earnings | $83.0M | $41.5M | $41.5M | +100% |
| Depreciation & amortization | $40.3M | $36.9M | $3.4M | +9% |
| Share-based compensation | $13.3M | $9.2M | $4.1M | +45% |
| Working capital & other | $40.3M | −$10.2M | $50.4M | — |
| Operating cash flow | $96.4M | $97.8M | −$1.4M | -1% |
| Free cash flow (OCF − capex) | $34.1M | $37.4M | −$3.3M | -9% |
| Capital expenditures | $62.4M | $60.4M | $1.9M | +3% |
Questions
How much did TTM Technologies's revenue grow year over year in Q2 2026?
TTM Technologies's revenue rose $273M (+37%) from $731M in Q2 2025 to $1.0B in Q2 2026.
What drove TTM Technologies's revenue change in Q2 2026?
Data Center and Networking +$193M (+91%); Aerospace and Defense Components +$46.1M (+14%); Medical Industrial Instrumentation +$36.5M (+33%).