TTM TECHNOLOGIES INC
For the period ended Sep 28, 2026. Filed Oct 28, 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.
Sep 28, 2026 · Filed Oct 28, 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 September 28,2026
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 October 23, 2026, there were outstanding 105,375,520 shares of the registrant’s Common Stock, $0.001 par value.
Form 10-Q
For the Quarter Ended September 28, 2026
TABLE OF CONTENTS
| Page | |
|---|---|
| PART I: FINANCIAL INFORMATION | 4 |
| Item 1. Financial Statements (unaudited) | 4 |
| Consolidated Condensed Balance Sheets as of September 28, 2026 and December 29, 2025 | 4 |
| Consolidated Condensed Statements of Operations for the quarter and three quarters ended September 28, 2026 and September 29, 2025 | 5 |
| Consolidated Condensed Statements of Comprehensive Income for the quarter and three quarters ended September 28, 2026 and September 29, 2025 | 6 |
| Consolidated Condensed Statements of Stockholders' Equity for the three quarters ended September 28, 2026 and September 29, 2025 | 7 |
| Consolidated Condensed Statements of Cash Flows for the three quarters ended September 28, 2026 and September 29, 2025 | 8 |
| Notes to Consolidated Condensed Financial Statements | 9 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 24 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 31 |
| Item 4. Controls and Procedures | 32 |
| PART II: OTHER INFORMATION | 33 |
| Item 1. Legal Proceedings | 33 |
| Item 1A. Risk Factors | 33 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 36 |
| Item 3. Defaults Upon Senior Securities | 36 |
| Item 4. Mine Safety Disclosures | 36 |
| Item 5. Other Information | 36 |
| Item 6. Exhibits | 38 |
| SIGNATURES | 40 |
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 Share Repurchase Program | Share repurchase program authorized by the Board of Directors on May 8, 2025 | MYR | Malaysian ringgit |
|---|---|---|---|
| 2026 Share Repurchase Program | Share repurchase program authorized by the Board of Directors on October 27, 2026 | ODMs | Original design manufacturers |
| 2026 Credit Agreement | Second Amended and Restated Credit Agreement by and among the Company, the foreign subsidiary borrowers party thereto, any designated borrowers party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto, dated June 1, 2026 | OEMs | Original equipment manufacturers |
| A&D | Aerospace and Defense | Ophir Optics | MKS Inc.'s Ophir Optics business |
| AI | Artificial intelligence | PCB | Printed circuit board |
| Amended Term Loan Facility | Repriced and upsized $400.0 million senior secured term loan credit facility under the 2026 Credit Agreement | Prior 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 |
| Asia ABL | Asia Asset-Based Lending Credit Agreement | PRUs | Performance-based restricted stock units |
| ASU | Accounting Standards Update | RCF | Senior secured cash flow revolving credit facility with committed maximum borrowing capacity of up to $1.0 billion under the 2026 Credit Agreement |
| CEO | Chief Executive Officer | Report | This Quarterly Report on Form 10-Q for the fiscal quarter ended September 28, 2026 |
| CFO | Chief Financial Officer | RF | Radio frequency |
| CHF | Swiss franc | RF&S Components | RF and Specialty Components |
| CME | Chicago Mercantile Exchange | RMB | Chinese Renminbi |
| CODM | Chief operating decision maker | RSUs | Restricted stock units |
| Company | TTM Technologies, Inc. | SEC | Securities and Exchange Commission |
| EMS | Electronic manufacturing services | Senior Notes due 2029 | $500.0 million aggregate principal amount of 4.000% Senior Notes due March 1, 2029, issued by the Company on March 10, 2021 |
| Epiq | EDS Intermediate Holding, LLC | Senior Notes due 2034 | $500.0 million aggregate principal amount of 6.750% Senior Notes due October 1, 2034, issued by the Company on September 24, 2026 |
| Exchange Act | Securities Exchange Act of 1934, as amended | SOFR | Secured Overnight Financing Rate |
| FASB | Financial Accounting Standards Board | STG | Swiss Technology Group AG |
| Guarantors | The Company’s direct and indirect, existing and future domestic subsidiary guarantors, subject to certain exceptions | Third Amended and Restated Credit Agreement | 2026 Credit Agreement, as amended and restated as of September 30, 2026 |
| Incremental Facilities | Incremental Term Loan A Facility and Incremental Term Loan B Facility, collectively | U.S. ABL | U.S. Asset-Based Lending Credit Agreement |
| Incremental Term Loan A Facility | $300.0 million senior secured incremental term loan A facility established under the Third Amended and Restated Credit Agreement, maturing May 30, 2031 | U.S. GAAP | Accounting principles generally accepted in the United States of America |
| Incremental Term Loan B Facility | $800.0 million seven-year senior secured incremental term loan B facility established under the Third Amended and Restated Credit Agreement, maturing September 30, 2033 | USD | U.S. dollar |
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 and three quarters ended September 28, 2026, compared to the quarter and three quarters ended September 29, 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.