Income StatementBalance SheetCash FlowSegments
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TTM Technologies Business Segments

Business, geographic, and product segment breakdowns

TTM Technologies generates $3.1B in annual revenue across 2 key segments: Aerospace And Defense ($1.3B), and Commercial ($1.7B). The company-wide operating margin is 9.24%. Based on the Q1 2026 filing.

Aerospace And Defense (TTM)$1.3BCommercial (TTM)$1.7B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$19.5B
P/E Ratio99.88
ROE11.4%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace And Defense Components$282.7M$307.4M———$341.6M
Data Center And Networking—$187.5M———$301.7M
Medical Industrial Instrumentation$83.6M$82.4M$111.6M$108.4M$107.0M$132.9M
Automotive Components$75.4M$71.4M$81.4M$79.4M$70.1M$69.8M

Geographic

Cash & Equivalents

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN$207.9M$151.5M$137.7M$196.6M$191.9M$156.4M

Effective Income Tax Rate Reconciliation Tax Settlements Foreign

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—0.4%0.4%0.4%0.4%—

Effective Income Tax Rate Reconciliation Tax Settlements Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—-0.1%-0.1%-0.1%-0.1%—
HK—0.1%0.1%0.1%0.1%—

Income Tax Paid Foreign After Refund Received

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—$1.1M$1.1M$1.1M$1.1M—
HK—$5.9M$5.9M$5.9M$5.9M—

Income Tax Rate Reconciliation Super Research And Development Expenditure Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—$870.5K$870.5K$870.5K$870.5K—

Income Tax Rate Reconciliation Super Research And Development Expenditure Percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—-0.4%-0.4%-0.4%-0.4%—

Income Tax Reconciliation Tax Settlements Foreign

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—-$805.3K-$805.3K-$805.3K-$805.3K—

Income Tax Reconciliation Tax Settlements Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN—$170.3K$170.3K$170.3K$170.3K—
HK—-$112.5K-$112.5K-$112.5K-$112.5K—

Non-Current Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN$357.2M———$732.8M—
Other Than United States And China$203.1M———$226.8M—
US$1.2B———$876.1M—

Operating Loss Carryforwards

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CN$33.3M———$8.8M—
HK$23.6M———$22.8M—
MY$26.0M———$33.2M—
US$78.5M———$68.7M—

Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HK—-0.5%-0.5%-0.5%-0.5%—

Income Tax Reconciliation Foreign Income Tax Rate Differential

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HK—$1.0M$1.0M$1.0M$1.0M—

Tax Rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
MY————24.0%—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
US$306.0M$357.8M$381.6M$407.2M$407.6M$413.6M
Other Than United States And Taiwan$277.0M$236.7M$298.1M$283.1M$277.1M$341.3M
TW$67.9M$54.2M$50.9M$62.4M$89.6M$91.1M

Percentage Of Total Net Sales Exceeded

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
TW—————10.0%
US2.5%10.0%———10.0%

Operating Loss Carryforwards Expiration Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Various States511.00511.25511.25511.25511.25—

Business Segments

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$274.4M$269.1M$317.7M$330.2M$354.9M$393.3M
Aerospace And Defense$234.6M$241.0M$251.0M$255.0M$243.8M$261.2M

Cost Of Goods And Services Sold Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace And Defense$2.3M$2.3M$2.3M$2.3M$2.3M$2.3M

Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$15.3M$15.9M$17.0M$17.5M$18.0M$18.1M
Aerospace And Defense$9.1M$9.2M$8.9M$8.0M$8.1M$9.4M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$382.6M—$382.6M$382.6M$382.6M$382.6M
Aerospace And Defense$256.2M—$256.2M$256.2M$287.5M$287.5M

Inter Segment Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace And Defense$4.3M$12.0K$2.5M$3.3M$2.5M$478.0K
Commercial$260.0K$275.0K$143.0K$184.0K$248.0K$253.0K

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace And Defense$30.0M$32.9M$31.2M$28.9M$29.3M$35.7M
Commercial$15.9M$20.0M$17.9M$18.7M$18.6M$20.1M

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$48.9M$43.6M$60.1M$60.0M$75.0M$81.6M
Aerospace And Defense$41.5M$42.4M$45.3M$52.9M$44.9M$54.8M

Operating Margin Percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial0.1%13.1%15.2%14.7%0.7%16.5%
Aerospace And Defense0.4%13.4%13.8%15.7%—15.6%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$339.3M$332.7M$395.6M$408.9M$448.5M$495.0M
Aerospace And Defense$306.2M$316.3M$327.6M$336.8M$318.0M$351.7M

Goodwill Impairment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Radio Frequency And Specialty—————$31.3M

Concentration Risk %

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment Aggregation Before Other Operating—12.0%12.0%23.0%—26.0%