Slide 1: Q4 2025 Quarterly Earnings Results
Q4 2025 Quarterly Earnings Results February 4, 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, Inc. (“TTM
Slide 3: Q4 2025 Financial Results and Q1 2026 Guidance
Q4 2025 Financial Results and Q1 2026 Guidance ($M) Net Sales Non-GAAP EPS1 $3,500 $3.00 $3,000 $2,906 $2.46 $2.50 $2,500 $2,443 $2.00 $1.70 $2,000 $1.50 $1,500 $1.00 $1,000 $0.70 $0.70 $774 $810 $651 $770 $0.49 $0.64 $0.50 $500 19% 22% 19% YoY Growth 43% 34% 45% YoY Growth $0 (at mid-point $0.00 (a
Slide 4: Q4 2025 Cash Metrics
Q4 2025 Cash Metrics | Strong Operating Cash Flow Supports Internal Capital Investment ($M) Operating Cash Flow ($M) Free Cash Flow1 $350 $90 $84 $300 $292 $75 $250 $237 $60 $200 $45 $150 $33 $30 $100 $86 $18 $63 $15 $12 $50 13.2% 8.1% 9.7% 10.0% % of Sales 8.1% 6.6% 6.3% 9.4% Capex % of Sales $0 $0
Slide 5: Backlog and Book to Bill
Q4 2025 Backlog and Book to Bill Backlog & Book to Bill $2.00 1.70 $1.80 1.60 $1.61 $1.60 $1.56 1.50 $1.40 1.35 1.40 $1.20 1.30 Backlog ($B) Book to Bill $1.00 1.20 1.09 $0.80 1.10 $0.65 $0.60 $0.50 * 1.00 $0.40 0.90 $0.20 0.80 $0.00 0.70 Q4'24 Q4'25 90-day Backlog A&D Program Backlog Book to Bill *
Slide 6: Q4 2025 End Market Net Sales
Q4 2025 End Market Net Sales | Continued YoY Sales Growth in Four of Five End Markets End Market % of Net Sales 46% Aerospace and Defense 5% YoY Growth 41% 8% YoY Growth Forecast 42% 22% Data Center Computing 57% YoY Growth 28% 66% YoY Growth Forecast 29% Q4'24 13% Q4'25 Medical, Industrial & Instru
Slide 7: Full Year 2025 End Market Net Sales
Full Year 2025 End Market Net Sales | Double Digit YoY Sales Growth in Four of Five End Markets End Market % of Net Sales 46% Aerospace and Defense 13% YoY Growth 44% 20% Data Center Computing 36% YoY Growth 24% 2024 14% Medical, Industrial & Instrumentation 22% YoY Growth 14% 2025 13% Automotive (4
Slide 8: Q4 2025 Financial Results and Q1 2026 Guidance
Q4 2025 Financial Results and Q1 2026 Guidance Financial Metric Q4’25 Q4’24 Year on Year Change Q1’26 Guidance GAAP Metrics Net Sales $774.3 M $651.0 M $123.3 M, or 19% $770 - $810 M Gross Margin 21.4% 19.4% 200 bps Operating Income $80.7 M $9.0 M $71.7 M, or 797% % of Net Sales 10.4% 1.4% 900 bps N
Slide 9: Full Year 2025 Financial Results and 2026 Net Sales Guidance
Full Year 2025 Financial Results and 2026 Net Sales Guidance Financial Metric 2025 2024 Year on Year Change 2026 Guidance GAAP Metrics Net Sales $2,906.3 M $2,442.8 M $463.5 M, or 19% + 15% to 20% Gross Margin 20.7% 19.5% 120 bps Operating Income $264.7 M $116.0 M $148.7 M, or 128% % of Net Sales 9.
Slide 10: We Thank You!
We Thank You!
Slide 11: Appendix
Appendix 11
Slide 12: Non-GAAP Reconciliations (In thousands, except per share data)
Non-GAAP Reconciliations (In thousands, except per share data) RECONCILIATIONS 2 Fourth Quarter Full Year 2025 2024 2025 2024 Non-GAAP gross profit reconciliation3: GAAP gross profit $ 165,869 $ 126,541 $ 601,686 $ 477,375 Add back item: Amortization of definite-lived intangibles 2,336 2,336 9,343 9
Slide 13: Non-GAAP Reconciliations (In thousands)
Non-GAAP Reconciliations (In thousands) Fourth Quarter Full Year 2025 2024 2025 2024 Adjusted EBITDA reconciliation7: GAAP net income $ 50,685 $ 5,170 $ 177,448 $ 56,299 Add back items: Income tax provision 11,323 9,161 32,889 27,650 Interest expense 12,376 11,204 45,334 47,515 Amortization of defin
Slide 14: Non-GAAP Reconciliations Footnotes
Non-GAAP Reconciliations Footnotes 2 This information provides a reconciliation of non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, non-GAAP EPS, and adjusted EBITDA to the financial information in our consolidated condensed statements of operations. Prior year results have bee