TTM Technologies reports 30% revenue surge on AI datacenter demand; margins expand to 21.4%

Filed May 1, 2026 · Period ending March 30, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

• high

  Revenue jumped 30.4% year-over-year to $846 million in Q1 2026, driven by AI datacenter buildout. Data center and networking now represents 36% of revenue mix, up from 29% prior year, while aerospace and defense declined from 47% to 40% of mix.

  MD&A: Revenue Growth and End Market Mix verify on EDGAR →
• high

  Gross margin expanded 120 basis points to 21.4% and operating margin improved 90 basis points to 8.6%, reflecting higher volume and favorable product mix. Operating expenses rose $28 million primarily due to stock-based compensation tied to exceeding performance targets.

  MD&A: Profitability Metrics verify on EDGAR →
• high

  Company reorganized from three reportable segments back to two (A&D and Commercial), realigning RF&S Components within the A&D sector. This strategic shift moves from product-based to end-market-based reporting structure.

  MD&A: Segment Reorganization verify on EDGAR →