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TTM Technologies TTMI Radio Frequency And Specialty — Goodwill Impairment

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Other financials

Income statement

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Revenue$846.0M+30.4%
Gross profit$181.2M+38.3%
Operating income$72.4M+44.1%
Net income$50.0M+55.3%
EPS (diluted)$0.47+51.6%

Balance sheet

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Cash & equivalents$410.0M-0.3%
Total debt$1.0B+2.9%
Total equity$1.8B+15.8%
Total assets$4.0B+15.2%

Cash flow

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Operating cash flow$21.7M+304%
CapEx$106.8M+68.7%
Free cash flow-$85.1M-15.0%

Valuation

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Market cap$14.16B+227%
Enterprise value$14.8B+201%
P/E72.5×+26.0×
P/S4.6×+2.9×

Profitability

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Gross margin21%+1.0pp
Operating margin9.2%+3.3pp
Net margin6.3%+3.2pp
FCF margin-0.7%

Returns & leverage

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Return on equity11.4%+6.4pp
Debt / equity0.6×-0.1×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by TTM Technologies in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: TTM Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TTM Technologies's radio frequency and specialty — goodwill impairment?
TTM Technologies (TTMI) reported radio frequency and specialty — goodwill impairment of $31.3M in Q1 2026.
What does radio frequency and specialty — goodwill impairment mean?
This metric represents the non-cash charge recognized when the carrying value of goodwill associated with the Radio Frequency and Specialty business segment exceeds its implied fair value. It serves as an indicator that the long-term economic prospects or market position of the RF and microwave components business have deteriorated below the levels anticipated at the time of acquisition. This charge reflects management's assessment of future cash flows, market volatility, and competitive pressures specific to the high-frequency electronics market.