TTM TECHNOLOGIES INC
For the period ended Mar 30, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2026 · Filed May 1, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-Q
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 30,2026
Or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to____________
Commission File Number:000-31285
(Exact name of registrant as specified in its charter)
| Delaware | 91-1033443 |
|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |
200 East Sandpointe, Suite 400, Santa Ana, California 92707
(Address of principal executive offices)
(714)327-3000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.001 par value | TTMI | Nasdaq Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑
As of April 27, 2026, there were outstanding 103,850,059 shares of the registrant’s Common Stock, $0.001 par value.
Form 10-Q
For the Quarter Ended March 30, 2026
TABLE OF CONTENTS
| Page | |
|---|---|
| PART I: FINANCIAL INFORMATION | 4 |
| Item 1. Financial Statements (unaudited) | 4 |
| Consolidated Condensed Balance Sheets as of March 30, 2026 and December 29, 2025 | 4 |
| Consolidated Condensed Statements of Operations for the quarters ended March 30, 2026 and March 31, 2025 | 5 |
| Consolidated Condensed Statements of Comprehensive Income for the quarters ended March 30, 2026 and March 31, 2025 | 6 |
| Consolidated Condensed Statements of Stockholders' Equity for the quarters ended March 30, 2026 and March 31, 2025 | 7 |
| Consolidated Condensed Statements of Cash Flows for the quarters ended March 30, 2026 and March 31, 2025 | 8 |
| Notes to Consolidated Condensed Financial Statements | 9 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 18 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 23 |
| Item 4. Controls and Procedures | 23 |
| PART II: OTHER INFORMATION | 24 |
| Item 1. Legal Proceedings | 24 |
| Item 1A. Risk Factors | 24 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 24 |
| Item 3. Defaults Upon Senior Securities | 24 |
| Item 4. Mine Safety Disclosures | 24 |
| Item 5. Other Information | 24 |
| Item 6. Exhibits | 26 |
| SIGNATURES | 27 |
Glossary of Terms and Acronyms
The following table provides definitions of certain terms and acronyms that may be used within the text of this Report.
| 2025 Repurchase Program | Share repurchase program authorized by the Board of Directors on May 8, 2025 | MYR | Malaysian ringgit |
|---|---|---|---|
| A&D | Aerospace and Defense | ODMs | Original design manufacturers |
| ABL Revolving Loans | U.S. Asset-Based Lending Credit Agreement and Asia ABL, collectively | OEMs | Original equipment manufacturers |
| AI | Artificial intelligence | PCB | Printed circuit board |
| Asia ABL | Asia Asset-Based Lending Credit Agreement | PRUs | Performance-based restricted stock units |
| ASU | Accounting Standards Update | Report | This Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2026 |
| CEO | Chief Executive Officer | RF | Radio frequency |
| CFO | Chief Financial Officer | RF&S Components | RF and Specialty Components |
| CODM | Chief operating decision maker | RMB | Renminbi |
| Company | TTM Technologies, Inc. | RSUs | Restricted stock units |
| EMS | Electronic manufacturing services | SEC | Securities and Exchange Commission |
| Exchange Act | Securities Exchange Act of 1934, as amended | Term Loan Facility | First Amendment, dated as of August 1, 2024, to that certain Amended and Restated Term Loan Credit Agreement, dated as of May 30, 2023 |
| FASB | Financial Accounting Standards Board | U.S. GAAP | Accounting principles generally accepted in the United States of America |
The Company uses a 52/53-week fiscal calendar with the fourth quarter ending on the Monday nearest December 31. Discussion and analysis in this Report is for the quarter ended March 30, 2026, compared to the quarter ended March 31, 2025, unless otherwise stated.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.