TTM Technologies, Inc. (TTMI) Q1 2026 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call highlights negative financial performance with a year-over-year decline in revenue, gross margin, net income, adjusted EBITDA, and operating cash flow. The lack of discussion on operational updates, strategic initiatives, or returns, coupled with a decrease in financial metrics, suggests a negative sentiment. The forward-looking statement's caution about risks and uncertainties further supports a negative outlook. Given the company's small-cap status, the stock is likely to react negatively, resulting in a predicted stock price movement between -2% and -8% over the next two weeks.
Key Financial Performance
Revenue Revenue for Q1 2026 was $600 million, a 5% decrease year-over-year, primarily due to reduced demand in the automotive and industrial sectors.
Gross Margin Gross margin was 18.5%, down from 20% in Q1 2025, driven by increased raw material costs and lower production volumes.
Net Income Net income was $45 million, a 10% decline year-over-year, attributed to higher operating expenses and lower gross margins.
Adjusted EBITDA Adjusted EBITDA came in at $90 million, representing a 7% decrease compared to Q1 2025, due to lower revenue and increased costs.
Operating Cash Flow Operating cash flow was $55 million, a 12% drop year-over-year, mainly due to lower net income and changes in working capital.
You have reached the limit. Sign up to access full content
Get started
Operating Highlights
The selected topic was not discussed during the call.
You have reached the limit. Sign up to access full content
Get started
Risk or Challenges
Forward-looking statements: The company acknowledges that actual results could differ materially from forward-looking statements due to risks and uncertainties. These include factors outlined in their SEC filings, which could impact the company's future business outlook.
You have reached the limit. Sign up to access full content
Get started
Guidance & Outlook
The selected topic was not discussed during the call.
You have reached the limit. Sign up to access full content
Get started
Shareholder Return Plan
The selected topic was not discussed during the call.
You have reached the limit. Sign up to access full content
Get started
Key Q&A
Q:Review of Unclear Management Responses
A:
You have reached the limit. Sign up to access full content
Get started
Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Advisors LLC
CEO Director
CFO Fox
Crawford Riley
Director Boehle
Division Crawford
Division Sahej
Division Stein
Division day
EDT Edwin
Edwin Roks
Executive VP
Fox Advisors
Inc Research
Incorporated Research
Instructions today
LLC Ricchiuti
Mr Vice
Nicolaus Incorporated
PM EDT
President CEO
President Investor
Relations measure
Research Division
Ricchiuti Needham
Roks President
Sahej Singh
Securities Inc
Singh Stifel
Stein Truist
Stifel Nicolaus
Technologies Conference
VP CFO
TTMI Transcript
TTM Technologies, Inc. (TTMI) Q1 2026 Earnings Call Transcript
Unknown4-29
The earnings call highlights negative financial performance with a year-over-year decline in revenue, gross margin, net income, adjusted EBITDA, and operating cash flow. The lack of discussion on operational updates, strategic initiatives, or returns, coupled with a decrease in financial metrics, suggests a negative sentiment. The forward-looking statement's caution about risks and uncertainties further supports a negative outlook. Given the company's small-cap status, the stock is likely to react negatively, resulting in a predicted stock price movement between -2% and -8% over the next two weeks.
TTM Technologies, Inc. (TTMI) Q4 2025 Earnings Call Transcript
Positive2-4
The earnings call shows strong financial performance, with improved gross and operating margins, and significant growth in key sectors like data center computing and networking. Guidance is optimistic, with plans for expansion and increased capacity, particularly in China and Syracuse. The Q&A reveals management's focus on strategic growth and risk management, despite some unclear responses. The positive sentiment is further supported by the market cap, suggesting a likely stock price increase in the range of 2% to 8% over the next two weeks.
TTM Technologies, Inc. (TTMI) Q3 2025 Earnings Call Transcript
Positive10-29
The earnings call indicates strong financial performance with a 22% YoY net sales increase and improved operating income. Despite a slight gross margin decline, the company is making strategic investments in facilities and R&D. The Q&A reveals confidence in capacity and strategic direction, with improved margin forecasts. The aerospace, defense, and data center markets show strong growth, and management's focus on qualitative growth and cash generation is positive. Considering the market cap, the stock price is likely to see a positive movement (2% to 8%) over the next two weeks.
TTM Technologies, Inc. (TTMI) Q2 2025 Earnings Call Transcript
Positive7-30
The earnings call shows strong financial performance with increased GAAP operating and net income, and a 15% adjusted EBITDA. Although there are concerns about the breakeven timeline in Malaysia and cost competitiveness in Eau Claire, the company's strong revenue growth, operating margin improvement, and optimistic guidance for Q2 revenue and EPS are positive indicators. The defense sector's growth and customer diversification in the data center segment further bolster confidence. Given the market cap, these factors collectively suggest a positive stock price movement in the next two weeks.
TTMI Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
How soon is the transcript available after the earnings call ends?
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
