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TT Electronics (LON:TTG) releases quarterly earnings results. September 2, 2026 Key points. * TT Electronics reported stronger first-half performance: adjusted operating profit rose 37% to £18.5 million, while operating margin expanded to 8.1% following the Cleveland turnaround, Components' return to profitability and cost reductions. * Commercial momentum improved significantly, with a 112% book-to-bill ratio and an order book of about £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of market expectations. * The company is considering offers for its Components division but stressed that no deal is certain, and it does not currently expect to restore its dividend in 2026. Shares rose 11.6% to GBX 150.60 after the update. * Interested in TT Electronics? Here are five stocks we like better. TT Electronics (LON:TTG - Get Free Report) issued its earnings results on Wednesday. The company reported GBX 5.70 EPS for the quarter, Digital Look Earnings reports. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. Here are the key takeaways from TT Electronics' conference call: * Adjusted operating profit rose 37% to £18.5 million in the first half, while operating margin expanded 230 basis points to 8.1%, driven by the Cleveland turnaround, the return to profitability of Components, and cost actions. * Commercial momentum strengthened, with a book-to-bill ratio of 112% and an order book of approximately £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of current market expectations. * The cost-reduction program is substantially complete, with £3 million of net savings expected in 2026 and more than £6 million of annualized benefits from 2027 onward. The group also expects stronger second-half cash generation and further deleveraging from leverage of 1.1 times. * TT is evaluating potential offers for its Components division after receiving several indications of interest, but any divestment remains subject to valuation and there is no certainty a transaction will occur. The company also does not currently expect to reinstate its dividend for 2026. * New and extended commercial awards - including a multi-decade Rolls-Royce agreement, further Eurofighter work, an MBDA letter of intent, and a multimillion-dollar subsea contract - support long-term revenue visibility across aerospace, defense, healthcare, and industrial markets. TT Electronics trading up 11.6%. Shares of TTG stock traded up GBX 15.60 during trading on Wednesday, hitting GBX 150.60. 3,642,840 shares of the stock traded hands, compared to its average volume of 418,961. The firm has a market capitalization of £268.71 million, a P/E ratio of -5.28, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. TT Electronics has a 52-week low of GBX 93 and a 52-week high of GBX 155. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The firm's fifty day moving average price is GBX 125.83 and its 200-day moving average price is GBX 120.77. Insider buying and selling at TT Electronics. In other TT Electronics news, insider Phil Swash purchased 100,000 shares of TT Electronics stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of GBX 119 per share, with a total value of £119,000. Insiders own 8.80% of the company's stock. Wall Street analysts forecast growth. A number of equities research analysts recently commented on TTG shares. Berenberg Bank increased their price target on TT Electronics from GBX 150 to GBX 200 and gave the company a "buy" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating and set a GBX 110 target price on shares of TT Electronics in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 140. About TT Electronics. TT Electronics is a global provider of engineered electronics for performance critical applications. TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions. Continue following MarketBeat Before you consider TT Electronics, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TT Electronics wasn't on the list. While TT Electronics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The space race is growing fast, and you don't have to have gotten in early on SpaceX to profit. 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TT Electronics powers ahead in contracts and technology for aerospace & defense. TT Electronics announced it has recently signed two major agreements for power electronics solutions in aerospace and defense markets - one with MBDA Italia and the other with Rolls-Royce. These come shortly after it showcased its latest power conversion technology - including Altitude DC for power conversion in electrified aircraft - at the Farnborough International Air Show held in late July. The MBDA Italia deal, depicted above, was announced August 11. The two companies have signed a letter of intent that strengthens their collaboration and provides a platform to explore future opportunities. The agreement reflects a shared commitment to innovation and builds on a long-standing industrial relationship between the two companies. MBDA Italia acts as the Italian arm of the broader MBDA group, handling relationships and contracts directly with the Italian Ministry of Defense. The parent MBDA Group is a joint venture owned by three major European aerospace and defense leaders: Airbus (37.5%), BAE Systems (37.5%), and Leonardo (25%). The company develops missile technologies and weapon systems for air, sea and land armed forces. In London on August 4, TT Electronics announced a significant development in its long-standing partnership with Rolls-Royce. Under the transformative multi-million pound agreement, TT Electronics' Bedlington and Barnstaple facilities will supply, high-reliability power electronics solutions for all large civil aircraft engines over their operational lifetime. As the technology that governs how each engine runs, TT Electronics' multi-chip power modules and precision magnetics are mission-critical components for the aircraft. Rob Relph, Executive Vice President, Power Division at TT Electronics, commented: "This agreement is a reflection of the trust we've built together in the UK over four decades and our shared ambition to advance technology and improve engine performance." Advanced power electronics capabilities highlighted at Farnborough Airshow At the Farnborough show held in late July at Hampshire in southern England, TT Electronics emphasized how its engineering teams support projects from early-stage design through to manufacturing and system integration, with solutions ranging from off-the-shelf products and configurable platforms to customized designs. Two products took center stage in the presentation at Farnborough - Altitude DC, a high-voltage DC-DC converter technology designed to deliver high power density for aerospace applications where space, weight and performance are critical; and the AX-Force family of bidirectional and tridirectional power converters for aerospace and defense applications in combat vehicle electrification, propulsion systems and other mission-critical equipment. The display also covered its planar and ALM magnetic components, and complex PCB assemblies. As the aerospace industry shifts towards hybrid, electric and hydrogen-powered aircraft, the demand for innovative, high-voltage power conversion solutions also rises. The Altitude DC product is designed to address this challenge. "[Next-generation] aircraft face significant restrictions in range and payload capacity... Although they offer zero emissions during flight, their limited range makes them suitable only for short-haul flights currently. Extending their range without compromising performance is a key focus of our R&D efforts," notes Julian Thomas, Engineering Director at TT Electronics. OEMs face a major hurdle in developing sustainable aircraft: achieving sufficient energy density in storage systems, especially at altitudes between 15,000 and 50,000 feet. Traditional power converters contribute to excess weight, diminishing aircraft performance and efficiency. Furthermore, the lengthy turnaround time for power converter design and qualification - often exceeding two years - hinders the rapid pace of aerospace innovation. As well as arcing issues, traditional power converters can weigh too much for aerospace use while not offering the performance or efficiency required. Bespoke solutions can take two years or more for the completion of the design and the required certification process, which slows down innovation. Off-the-shelf solutions are not really an option either, as they can be uneconomical in such a low volume industry, where each manufacturer has its own particular set of requirements. TT Electronics is attempting to bridge the gap between bespoke and off-the-shelf designs by offering manufacturers the best of both worlds; modular designs that are intended to be easy to customize. As Mark Wood, VP for Engineering at TT Electronics explains, "From an engineering perspective, it's all about the customer. To help enable future applications and architectures in aircraft and defense applications, Magnetics provide building blocks. These blocks likely won't meet all of the customer's requirements, but Magnetics can help them meet their own specifications in a relatively short time. For more info, see www.ttelectronics.com.