Slide 1: TTM Technologies, Inc. Q2'25 Earnings Results Presentation
TTM Technologies, Inc. Q2’25 Earnings Results Presentation July 30, 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 o f 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, In c. (“T
Slide 3: Key Messages from Q2 2025 Earnings Report and Call
Key Messages from Q2 2025 Earnings Report and Call • Revenue of $730.6M above the high end of the guided range of $650M- $690M • GAAP EPS of $0.40 per diluted share • Non-GAAP EPS of $0.58 above the guided range of $0.49-$0.55 and quarterly record* • Cash flow from operations of $97.8M or 13.4% of r
Slide 4: Q2'25 End Market Commentary
Q2’25 End Market Commentary End Market (% of Q2’25 Q2’24 Year on Year Growth Q3’25 Revenues) Guidance Aerospace & Defense 45% 45% 21% 43% Data Center Computing 21% 21% 20% 24% Medical, Industrial & 15% 14% 28% 15% Instrumentation Automotive 11% 14% -1% 10% Networking 8% 6% 52% 8% 4
Slide 5: Q2 2025 Operational Metrics
Q2 2025 Operational Metrics Operating Metric* Q2’25 Q2’24 Top 5 Customers 41% 42% Backlog** $496.8 M $484.8 M A&D Program Backlog $1.46 B $1.45 B Book to Bill 0.89 1.11 *No longer disclosing utilization and advanced technology as a percent of revenues as those metrics are no longer helpful to unders
Slide 6: Quarterly Financial Results and Guidance
Quarterly Financial Results and Guidance Financial Metric (Non-GAAP)1 Q2’25 Q2’24 Year on Year Change Q3’25 Guide Revenues $730.6 M $605.1 M 21% $690-$730 M Operating Margin 11.1% 9.0% 2.1 pt N/A EBITDA Margin 15.0% 14.0% 1.0 pt N/A EPS $0.58 $0.39 $0.19 $0.57-$0.63 Cash flow from Ops $97.8 M $41.9
Slide 7: Additional Financial Guidance for Q3'25
Additional Financial Guidance for Q3’25 • Non-GAAP – SG&A expense of ~8.9% – R&D expense of ~1.0% – Interest expense of ~$10.5M – Interest income of ~$2.6M – Effective tax rate of 13%-17% – Diluted share count of 104M • GAAP – Depreciation expense of ~$28.2M – Amortization of intangibles of ~$9.2M –
Slide 8: Thank You
7T7™ Technologies. Inspiring Innovation Thank You
Slide 9: Appendix
7T7™ Technologies. Inspiring Innovation Appendix
Slide 10: Non-GAAP Reconciliations Q2 25
Non-GAAP Reconciliations Q2 25 (In thousands, except per share data) RECONCILIATIONS1 Second Quarter 2025 2024 Non-GAAP gross profit reconciliation2: GAAP gross profit $ 148,109 $ 117,227 Add back item: Amortization of definite-lived intangibles 2,336 2,335 Stock-based compensation 2,827 1,941 Unrea
Slide 11: Non-GAAP Reconciliations Q2 25
Non-GAAP Reconciliations Q2 25 (In thousands, except per share data) Second Quarter 2025 2024 Adjusted EBITDA reconciliation6: GAAP net income $ 41,530 $ 26,352 Add back items: Income tax provision 3,995 4,180 Interest expense 11,095 12,219 Amortization of definite-lived intangibles 9,224 12,591 Dep
Slide 12: Non-GAAP Reconciliations Footnotes Q2 25
Non-GAAP Reconciliations Footnotes Q2 25 1 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 ha
Slide 13: Recasted Historical Selected Unaudited Financial Information
RECASTED HISTORICAL Selected Unaudited Financial Information (in thousands) RECASTED SEGMENT DATA1 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Q1 2025 Segment sales: Aerospace & Defense $ 279,758 $ 274,507 $ 279,533 $ 306,157 $ 1,139,955 $ 310,143 Commercial 283,803 323,255 329,382 339,261 1,275,
Slide 14: Recasted Historical Selected Unaudited Financial Information
RECASTED HISTORICAL Selected Unaudited Financial Information (in thousands) RECASTED END MARKET DATA2 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Q1 2025 End Market Revenue - AS ADJUSTED: Aerospace & Defense 49% 45% 45% 46% 46% 48% Automotive 12% 14% 14% 12% 13% 11% Data Center Computing 20% 21%