The massive guidance raise and preliminary FY 2027 forecast far above current consensus suggest significant upside momentum from AI-driven demand and recent acquisitions. Monitor the Ophir Optics deal closing and integration, as well as the Q4 2026 earnings call for FY 2027 details and leverage trajectory.
Price Chart
Executive Summary
TTM Technologies reported Q3 2026 net sales of $1.2 billion, up 60% YoY, and non-GAAP EPS of $1.46, both all-time quarterly records. The company guided Q4 2026 net sales to $1.42-$1.44 billion and non-GAAP EPS to $1.77-$1.83, and initiated a preliminary FY 2027 forecast of $6.5-$6.75 billion in net sales and $8.10-$8.90 non-GAAP EPS, well above consensus expectations.
Key Financial Metrics
Key Facts
- Q3 2026 net sales of $1.2 billion, up 60% YoY, an all-time quarterly record
- Non-GAAP EPS of $1.46, up 118% YoY, an all-time quarterly record
- Adjusted EBITDA of $242.3 million (20.1% of sales), an all-time quarterly record
- GAAP net income of $84.8 million ($0.79 diluted), vs $53.1 million ($0.50) in Q3 2025
- Q4 2026 guidance: net sales $1.42-$1.44 billion, non-GAAP EPS $1.77-$1.83
- Preliminary FY 2027 forecast: net sales $6.5-$6.75 billion, non-GAAP EPS $8.10-$8.90
- Data Center & Networking end market was 41% of sales, up from 30% a year ago
- Book-to-bill ratio of 2.13; A&D program backlog of $2.0 billion
- Announced $650M acquisition of Ophir Optics from MKSI (not in guidance)
- Completed acquisitions of STG and Epiq Solutions, now included in guidance
Financial Impact
Q3 revenue $1.204B vs consensus $1.13B; non-GAAP EPS $1.46 vs consensus $1.26; Q4 guidance midpoint $1.43B revenue and $1.80 EPS; FY 2027 preliminary guidance midpoint $6.625B revenue and $8.50 EPS
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Aerospace & Defense | $416.5M | +20.9% |
| Commercial | $787.9M | +92.7% |
Risk Factors
- Integration risk from multiple recent and pending acquisitions (STG, Epiq, ILFA, Merlin, Ophir Optics)
- Leverage increased to 2.8x pro-forma EBITDA post-Epiq; Ophir deal may push leverage higher before returning to 1.5-2.0x target
- Preliminary FY 2027 guidance is subject to change and excludes pending acquisitions
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-428263 |
| Document: d282109d8k.htm | 0001193125-26-428263 |
| Document: 0001193125-26-428263-index-headers.html | 0001193125-26-428263 |
| Document: 0001193125-26-428263-index.html | 0001193125-26-428263 |
| Document: 0001193125-26-428263.txt | 0001193125-26-428263 |
| 8-K Data (Synthetic) | 0001193125-26-428263 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $87.51 | awaiting T+20 | — | $86.78 (−0.83%) |
Oct 22, 2026 5d ago | 8-K | $73.89 | awaiting T+20 | — | $86.78 (+17.44%) |
Oct 19, 2026 8d ago | 8-K | $99.10 | awaiting T+20 | — | $86.78 (−12.43%) |
Oct 19, 2026 8d ago | Press Release | $99.10 | awaiting T+20 | — | $86.78 (−12.43%) |
Oct 13, 2026 14d ago | 8-K | $116.10 | awaiting T+20 | — | $86.78 (−25.25%) |
Sep 10, 2026 6w ago | 8-K | $126.44 $121.01 | ▼ −4.29% | ▼ −6.16% | $86.78 (−31.37%) |
Sep 9, 2026 7w ago | GOVT-CONTRACT | $122.34 $117.50 | ▼ −3.96% | ▼ −6.08% | $86.78 (−29.07%) |
Aug 25, 2026 9w ago | Insider Cluster | $121.70 $124.02 | ▲ +1.91% | ▲ +0.70% | $86.78 (−28.69%) |
Aug 17, 2026 10w ago | Press Release | $140.98 $112.46 | ▼ −20.23% | ▼ −18.25% | $86.78 (−38.45%) |
Jun 29, 2026 17w ago | Insider Cluster | $186.80 $131.41 | ▼ −29.65% | ▼ −29.37% | $86.78 (−53.54%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers