TTM Technologies, Inc. reported its financial results for the third quarter of 2026, which ended on September 28, 2026. The company announced that net sales reached $1.2 billion, representing a 60% increase compared to the same period in the prior year. This figure marks an all-time quarterly record for the company.
For the quarter, GAAP net income was reported at $84.8 million, or $0.79 per diluted share. Non-GAAP net income was $157.8 million, or $1.46 per diluted share, which also set an all-time quarterly record. Adjusted EBITDA totaled $242.3 million, or 20.1% of net sales, another record high.
The company highlighted strong performance across its end markets. Data Center and Networking sales accounted for 41% of total net sales, driven by continued demand in artificial intelligence. The Aerospace & Defense market represented 34% of sales, with a total backlog of $2.0 billion. Other markets, including Medical, Industrial, and Instrumentation, grew by 97% year over year.
In terms of business outlook, TTM estimates net sales for the fourth quarter of 2026 will range from $1.42 billion to $1.44 billion. The company also provided preliminary guidance for the full year 2026, projecting net sales between $4.47 billion and $4.49 billion and non-GAAP net income between $4.97 and $5.03 per diluted share.
TTM announced several recent acquisition activities. On October 19, 2026, the company announced plans to acquire the Ophir Optics business from MKS Inc. for $650 million, funded through a combination of cash on hand and borrowings. Additionally, TTM entered into a definitive agreement to acquire Merlin Circuit Technology Ltd. and Merlin Flex Ltd. in the United Kingdom, with the transaction expected to close in the fourth quarter of 2026. The company also noted the completion of the acquisitions of Swiss Technology Group (STG) and Epiq Solutions during the quarter, which are now included in current guidance.
