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How TTM Technologies (TTMI) makes money
TTM Technologies (TTMI) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +60% from a year earlier. Data Center and Networking brought in $498M (41%); Aerospace and Defense Components brought in $405M (34%); Medical Industrial Instrumentation brought in $213M (18%). Of every dollar of revenue, 24¢ was left as gross profit, 13¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Data Center and Networking | $498M | 41.4% | +23% | +115% |
| Aerospace and Defense Components | $405M | 33.6% | +9% | +21% |
| Medical Industrial Instrumentation | $213M | 17.7% | +44% | +97% |
| Automotive Components | $88.0M | 7.3% | +11% | +11% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $912M | 75.8% |
| Gross profit | $292M | 24.2% |
| Operating expenses | $130M | 10.8% |
| Operating profit | $162M | 13.5% |
| Income tax | $56.9M | 4.7% |
| Net earnings | $84.8M | 7.0% |
| Operating cash flow | $155M | 12.9% |
| Free cash flow | $74.8M | 6.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.2B | +60% |
| Q2 2026 | $1.0B | +37% |
| Q1 2026 | $846M | +30% |
| Q4 2025 | $774M | +19% |
| Q3 2025 | $753M | +22% |
| Q2 2025 | $731M | +21% |
| Q1 2025 | $649M | +14% |
From TTM Technologies' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does TTM Technologies make money?
TTM Technologies (TTMI) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +60% from a year earlier. Data Center and Networking brought in $498M (41%); Aerospace and Defense Components brought in $405M (34%); Medical Industrial Instrumentation brought in $213M (18%). Of every dollar of revenue, 24¢ was left as gross profit, 13¢ was left as operating profit, 7¢ was left as net earnings.
What is TTM Technologies' biggest business?
Data Center and Networking: $498M in the third quarter 2026, 41% of revenue, +115% from a year earlier.
What is TTM Technologies' profit margin?
Net earnings were $84.8M, 7.0% of revenue, in the third quarter 2026; the operating margin was 13.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.