A leading global PCB manufacturer, TTM Technologies, Inc., announced on June 17 that it has been awarded JOSCAR (Joint Supply Chain Accreditation Register) certification, recognizing its high standards in quality, compliance, and reliability for the aerospace, defense, and security sectors. This certification affirms TTM’s position as a trusted supplier in mission-critical industries.

On April 30, TTM reported strong financial results for the first quarter of 2025. Revenue reached $649 million, up 14% year-over-year, while GAAP net income surged 208% to $32.2 million, or $0.31 per share. Non-GAAP net income rose 80% to $52.4 million, or $0.50 per share—a record high for the first quarter.

Growth was driven by robust demand across key end markets, including aerospace and defense, data center computing, networking, medical, industrial, and instrumentation. The company posted a non-GAAP operating margin of 10.5%, up 340 basis points year-over-year, marking its third consecutive quarter of double-digit margins and reflecting improved operational efficiency.

Aerospace and defense accounted for 47% of total sales, growing 15% year-over-year, supported by a $1.55 billion backlog of A&D projects. Data center computing and networking also saw significant gains, rising 15% and 53% respectively, fueled by increased AI-related and switch demand.

TTM also continued to make progress on its facility expansion efforts. Customer qualification is advancing at its Penang, Malaysia site, while construction is underway at its Syracuse, New York plant. The Penang facility is expected to reach breakeven in Q3 2025, signaling positive momentum ahead.

For Q2 2025, TTM forecasts revenue between $650 million and $690 million, with non-GAAP diluted EPS projected between $0.49 and $0.55.