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Get filing alertsTTM Technologies reaffirms $4B revenue target, guides 13-15% operating margin for FY2026
Filed May 27, 2026 · Period ending May 27, 2026 · ~1 min read
Key Changes
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Reaffirmed $4.0B revenue for FY2026 with new margin targets: 13-15% non-GAAP operating margin and 16-18% Adjusted EBITDA margin. Operating cash flow expected at $300-320M with free cash flow slightly positive.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Obtained commitments for $400M term loan due May 2030, expected to close June 2026. Repricing will reduce borrowing costs by 50 basis points, lowering interest expense.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Secured commitments for new up to $1B revolving credit facilities maturing in 2031 to replace existing U.S. and Asia asset-based lending facilities. Expected to close June 2026 alongside term loan refinancing.
Item 7.01 — Regulation FD Disclosure verify on EDGAR →
Summary
TTM Technologies used its investor day to reaffirm its $4.0 billion revenue expectation for fiscal 2026 while providing new profitability targets. The company expects non-GAAP operating margins of 13-15% and Adjusted EBITDA margins of 16-18%, with operating cash flow of $300-320 million and free cash flow slightly positive.
These metrics indicate the company expects to generate modest cash after capital expenditures while maintaining healthy margins on its elevated revenue base. Concurrently, TTM announced progress on a comprehensive debt refinancing.
The company has obtained commitments for a $400 million term loan due May 2030 that will reduce borrowing costs by 50 basis points, and new up to $1 billion revolving credit facilities maturing in 2031 to replace existing asset-based lending arrangements. Both transactions are expected to close in June 2026, subject to definitive documentation and customary closing conditions. The refinancing extends maturities and reduces interest expense, improving the company's financial flexibility as it executes on its growth plans.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify