Slide 1: Q3 2025 Quarterly Earnings Results
Q3 2025 Quarterly Earnings Results October 29, 2025
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: Q3 2025 Financial Results and Guidance
Q3 2025 Financial Results and Guidance ($M) Net Sales Non-GAAP EPS1 $2,200 $2,132 $2.00 $2,000 $1.80 $1.75 $1,792 $1,800 $1.60 $1,600 $1.40 $1,400 $1.21 $1.20 $1,200 $1.00 $1,000 $0.80 $800 $753 $770 $0.67 $0.70 $617 $730 $0.60 $0.55 $0.64 $600 $0.40 $400 $0.20 $200 22% 19% YoY Growth 22% 45% YoY Gr
Slide 4: Q3 2025 Cash Metrics
Q3 2025 Cash Metrics ($M) Operating Cash Flow ($M) Free Cash Flow1 $250 $75 $229 $200 $60 $51 $151 $150 $142 $45 $43 $100 $30 $24 $65 $50 $15 $6 10.6% 18.8% 8.4% 10.7% % of Sales 6.6% 13.2% 5.6% 10.4% Capex % of Sales $0 $0 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 YTD YTD 1Non-GAAP financial
Slide 5: Q3 2025 End Market Net Sales
Q3 2025 End Market Net Sales End Market % of Net Sales 45% Aerospace and Defense 20% YoY Growth 45% 3% YoY Growth Forecast 42% 20% Data Center Computing 44% YoY Growth 23% 46% YoY Growth Forecast 28% Q3'24 14% Q3'25 Medical, Industrial & Instrumentation 22% YoY Growth 14% 23% YoY Growth Forecast 14%
Slide 6: Backlog and Book to Bill
Q3 2025 Backlog and Book to Bill Backlog & Book to Bill $2.000 1.25 1.20 $1.800 1.20 1.15 $1.600 1.15 $1.49 $1.46 $1.400 1.10 $1.200 1.05 Backlog ($B) Book to Bill $1.000 1.00 $0.800 0.95 $0.610 $0.600 $0.535 * 0.90 $0.400 0.85 $0.200 0.80 $0.000 0.75 Q3'24 Q3'25 90-day Backlog A&D Program Backlog B
Slide 7: Q3 2025 Financial Results and Guidance
Q3 2025 Financial Results and Guidance Financial Metric Q3’25 Q3’24 Year on Year Change Q4’25 Guidance GAAP Metrics Net Sales $752.7 M $616.5 M $136.2 M, or 22% $730 - $770 M Gross Margin 20.8% 21.1% (30) bps Operating Income $71.9 M $51.0 M $20.9 M, or 41% % of Net Sales 9.6% 8.3% 130 bps Cash flow
Slide 8: Thank You
“Tm™ Technologies. Inspiring Innovation Thank You
Slide 9: Appendix
“Tm™ Technologies. Inspiring Innovation Appendix
Slide 10: Non-GAAP Reconciliations (In thousands, except per share data)
Non-GAAP Reconciliations (In thousands, except per share data) RECONCILIATIONS2 Third Quarter First Three Quarters 2025 2024 2025 2024 Non-GAAP gross profit reconciliation3: GAAP gross profit $ 156,736 $ 129,888 $ 435,817 $ 350,834 Add back item: Amortization of definite-lived intangibles 2,336 2,33
Slide 11: Non-GAAP Reconciliations (In thousands)
Non-GAAP Reconciliations (In thousands) Third Quarter First Three Quarters 2025 2024 2025 2024 Adjusted EBITDA reconciliation6: GAAP net income $ 53,055 $ 14,311 $ 126,763 $ 51,129 Add back items: Income tax provision 8,758 10,706 21,566 18,489 Interest expense 10,399 11,768 32,958 36,311 Amortizati
Slide 12: Non-GAAP Reconciliations Footnotes
Non-GAAP Reconciliations Footnotes 1 Prior year end market revenue and operating segment data has been recasted in connection with the Company's previously disclosed change in organization structure - refer to the recasted historical selected unaudited financial information in the Form 8-K filed on