US PCB giant TTM Technologies (TTMI.US) is rated bullish by analysts: AI business reshapes profit outlook, "cyclical peak" threat temporarily eliminated

JitTong Finance APP reported that TTM Technologies (TTMI.US), a major US PCB company, released its financial results for the third quarter of 2026, showing a 60% year-on-year increase in revenue to $1.2 billion, reaching a record high. In terms of profitability, GAAP net profit was $84.8 million with diluted earnings per share of $0.79; Non-GAAP net profit was $157.8 million with diluted earnings per share of $1.46, up 118% year-on-year, also setting a new record. Gross margin was 24.8% (an improvement of 330 basis points year-on-year); operating margin was 17.4% (an improvement of 510 basis points year-on-year); and adjusted EBITDA margin was 20.1% (an increase of 400 basis points year-on-year). The overall book-to-bill ratio reached 2.1, with a record-high total order backlog of $2 billion. In terms of cash flow, operating cash flow was $154.7 million, and free cash flow was $74.8 million.