The PCB manufacturer reported 30% year-over-year revenue growth driven by data center and AI infrastructure expansion.
TTM Technologies reported Q1 2026 net sales of $846 million, a 30% year-over-year increase, marking its highest quarterly revenue. GAAP net income rose to $50.0 million, or $0.47 per diluted share, while non-GAAP net income hit $80.1 million, or $0.75 per share.
The growth was fueled by strong demand in the Data Center and Networking segment, supported by AI and data center buildouts. Aerospace & Defense contributed 40% of total sales, with a $1.6 billion backlog, while Medical, Industrial, and Instrumentation markets saw double-digit growth.
For Q2 2026, the company forecasts net sales between $930 million and $970 million, with non-GAAP earnings of $0.82 to $0.88 per share. Management expects continued momentum in the second half of the fiscal year.