TTM Technologies, Inc. reported a significant increase in financial performance for the fiscal year ending December 29, 2025, with net sales reaching approximately $2.9 billion, a 19% increase from $2.4 billion in the previous year. The company's gross profit also rose to $601.7 million, up from $477.4 million, resulting in a gross margin of 20.7%, compared to 19.5% in 2024. This growth was primarily driven by strong demand in the aerospace and defense, data center computing, and networking sectors, particularly influenced by advancements in generative AI technologies.
The company experienced notable changes in its operational structure, including the reorganization of its reportable segments into Aerospace and Defense (A&D), Commercial, and RF&S Components. This restructuring aimed to enhance clarity in performance accountability and operational costs. TTM also made strategic investments, including the acquisition of a facility in Eau Claire, Wisconsin, and land rights for a new manufacturing site in Penang, Malaysia, to support its advanced technology PCB manufacturing capabilities. Additionally, TTM is constructing a new facility in Syracuse, New York, expected to commence volume production in the second half of 2026.
TTM's customer base expanded to approximately 1,300 clients across various industries, including OEMs, EMS providers, and government agencies. The company reported a total employee count of around 18,200, with a significant portion engaged in manufacturing roles. The operational efficiency was reflected in the increased operating income, which surged to $264.7 million from $116.0 million in the previous year, driven by improved sales volume and operational execution.
The filing also highlighted the company's proactive approach to managing risks associated with global economic conditions, including inflation and supply chain disruptions. TTM's management expressed confidence in its ability to navigate these challenges while maintaining a focus on operational efficiency and customer satisfaction. Looking ahead, TTM anticipates continued growth in its key markets, supported by its strategic investments and enhanced manufacturing capabilities, while also preparing for potential fluctuations in demand and market conditions.
About TTM TECHNOLOGIES INC
TTM Technologies, Inc. is a global manufacturer of advanced printed circuit boards, RF components, and engineered systems serving aerospace, defense, automotive, medical, and data center markets. It offers design, engineering, and manufacturing solutions, including high-density and flexible PCBs, RF assemblies, and mission systems. With a diversified customer base and manufacturing footprint, TTM emphasizes innovation, supply chain integration, and comprehensive support throughout product lifecycles.
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