Filing Flows › TTM Technologies (TTMI) › Q4 2025
TTM Technologies (TTMI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
TTM Technologies (TTMI) reported revenue of $774M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +3% from the quarter before. Operating margin was 10.4%, net earnings $50.7M (6.5% of revenue).
TTM Technologies, Q4 2025: revenue $774M (+19% year over year), operating margin 10.4%, net earnings $50.7M, operating cash flow $62.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $774M | +3% | +19% |
| Gross profit | $166M | +6% | +31% |
| Operating profit | $80.7M | +12% | +794% |
| Net earnings | $50.7M | -4% | +880% |
| Operating cash flow | $62.9M | -56% | -27% |
| Free cash flow | $11.7M | — | -65% |
What changed
Revenue was $774.3M in Q4 2025, up 19% year over year and up 3% from the previous quarter. Commercial was the largest line at 58% of revenue.
Gross margin was 21.4%, up 2.0 points from a year earlier. Operating profit was $80.7M, a 10.4% margin (up 9.0 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 1% margin then. Operating expenses fell 28% while revenue rose 19%. The fastest-growing cost line was General & admin (+11%). Net earnings were $50.7M, up 880% year over year. The effective tax rate was 18.3%.
Operating cash flow was $62.9M (down 27% year over year), 124% of net earnings. Non-cash charges added back $37.4M of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items used $37.2M. After capital expenditures, net ($51.3M), free cash flow as the company reports it was $11.7M.
Questions
What was TTM Technologies' revenue in the fourth quarter 2025?
TTM Technologies (TTMI) reported revenue of $774M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +3% from the quarter before.
Was TTM Technologies profitable in the fourth quarter 2025?
Operating profit was $80.7M (10.4% of revenue) and net earnings $50.7M.
Source: TTM Technologies 10-K on SEC EDGAR.