. @TThompson says basketball taught him to back founders who will do whatever it takes but know when to pivot “I think the beautiful thing about sports is that you learn about people’s strengths and weaknesses. It’s no different than investing in a company” “I invest in great founders that will do whatever they can to achieve greatness, but also still have some sense of reality when to pivot” “That’s what makes guys like LeBron, Kobe, Steph Curry so good. They’re able to adapt to the game changing as decades progressed” Podcast out this week!

TTM TECHNOLOGIES $TTMI Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.20B (Est. $1.13B) 🟢; +60% YoY 🔹 Adj. EPS: $1.46 (Est. $1.25) 🟢; +118% YoY 🔹 GAAP EPS: $0.79; +58% YoY 🔹 Adj. Gross Margin: 24.8% FY26 Guide: 🔹 Revenue: $4.47B-$4.49B 🔹 Adj. EPS: $4.97-$5.03 Q4 Guide: 🔹 Revenue: $1.42B-$1.44B 🔹 Adj. EPS: $1.77-$1.83 FY27 Guide: 🔹 Revenue: $6.5B-$6.75B 🔹 Adj. EPS: $8.10-$8.90 Cash Flow: 🔹 Operating Cash Flow: $154.7M 🔹 Free Cash Flow: $74.8M 🔹 Capital Expenditures, Net: $79.9M Segment Net Sales: 🔹 Aerospace & Defense: $416.5M 🔹 Commercial: $787.9M Announcements: 🔹 STG and Epiq acquisitions are now included in guidance 🔹 ILFA acquisition is excluded from guidance End Markets (% of net sales): 🔹 Data Center & Networking: 41% 🔹 A&D: 34% 🔹 Medical, Industrial & Instrumentation: 18% 🔹 Automotive: 7% Other Q3 Metrics: 🔹 Adj. EBITDA: $242.3M (Est. $202M) 🟢; +100% YoY 🔹 Adj. EBITDA Margin: 20.1% (Est. 17.9%) 🟢 🔹 Book-to-Bill: 2.13 🔹 Program Backlog: $2.0B Key Updates: 🔹 Non-GAAP excludes $9.8M of restructuring, acquisition-related and other charges 🔹 Non-GAAP excludes a $6.1M loss on derivative instruments 🔹 Non-GAAP excludes a $4.7M unrealized gain on foreign exchange Comments: 🔸 “All key markets contributed to our 60% year on year growth with Data Center & Networking up 115%, Medical, Industrial & Instrumentation up 97%, and Aerospace & Defense up 21%.” 🔸 “Our margin expansion efforts are producing results as evidenced by adjusted EBITDA margin exceeding 20% for the first time.”

TTM Net Income... Google $GOOGL: $244 Billion Nvidia $NVDA: $193 Billion Amazon $AMZN: $135 Billion Microsoft $MSFT: $134 Billion Apple $AAPL: $129 Billion Berkshire Hathaway $BRK.B: $86 Billion Meta $META: $68 Billion Russell 2000 (Combined) $IWM: -$15 Billion