TTMI Earnings Prediction
The chart below shows how TTMI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTMI sees a +1.97% change in stock price 10 days leading up to the earnings, and a +11.19% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
TTMI Key Earning Data
TTMI Earnings Analysis
Positive
Strong Q1 Performance: TTM achieved revenue and non-GAAP EPS above the high end of the guided range for Q1 2025.
Strong Revenue Growth: Revenue grew 14% year-on-year, driven by strong demand in aerospace and defense, data center computing, networking, and medical end markets.
Order Growth Indicator: The company reported a book-to-bill ratio of 1.10, indicating strong order growth relative to shipments.
Aerospace and Defense Revenue: Aerospace and defense market represented 47% of revenues, with a solid program backlog of approximately $1.55 billion.
Operating Margin Improvement: Non-GAAP operating margins increased to 10.5%, up 340 basis points year-on-year, marking the third consecutive quarter of double-digit operating margin performance.
Manufacturing Diversification Strategy: The company has diversified its manufacturing footprint, reducing exposure to consumer markets and focusing on higher-margin sectors.
Innovation-Driven Revenue Share: TTM's advanced technology and engineered products accounted for approximately 44% of revenue, indicating a strong focus on innovation and high-tech solutions.
Networking Market Surge: The networking end market saw a remarkable 53% year-on-year growth, driven by increased demand from AI-related products.
Customer Qualification Progress: The company has made significant progress in customer qualifications in its new Penang facility, with expectations for revenue ramp-up and breakeven by Q3 2025.
Strong Liquidity Position: TTM's cash and cash equivalents totaled $411.3 million at the end of Q1 2025, providing a strong liquidity position.
Negative
Automotive Sales Decline: Automotive sales represented 11% of total sales during Q1 2025, down from 13% in Q1 2024, indicating a decline due to inventory adjustments and soft demand.
PCB Capacity Utilization Comparison: The overall PCB capacity utilization in North America was only 35% in Q1 2025, which is low compared to the 58% utilization in Asia-Pacific, suggesting inefficiencies in North American operations.
Cash Flow Management Issues: Cash flow from operations in Q1 2025 was a net cash usage of $10.7 million, primarily due to timing of receivables, indicating potential cash flow management issues.
Revenue Decline in Technology: The company experienced a decline in advanced technology and engineered products revenue, which accounted for approximately 44% of revenue in Q1 2025, down from 48% in the year-ago quarter.
Tariff Challenges Impacting Costs: The company is facing challenges with tariffs, particularly on materials and equipment, which could impact costs despite a minor direct revenue impact.
TTMI FAQs
How does TTMI typically perform around its earnings report dates?
TTMI's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +1.97% change leading up to the report and a +11.19% change in the 10 days following the release.
Is TTM Technologies Inc (TTMI) Q1 2025 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TTMI Earning Call Sentiment
TTM Technologies, Inc. (TTMI) Q1 2025 Earnings Call Transcript
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