Looking back on electronic components & manufacturing stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including CTS (NYSE: CTS) and its peers.

The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways.

The 9 electronic components & manufacturing stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 5.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 2.2% on average since the latest earnings results.

CTS (NYSE: CTS)

With roots dating back to 1896 and a global manufacturing footprint, CTS (NYSE: CTS) designs and manufactures sensors, connectivity components, and actuators for aerospace, defense, industrial, medical, and transportation markets.

CTS reported revenues of $135.3 million, up 4% year on year. This print exceeded analysts’ expectations by 2%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ full-year EPS guidance estimates and a decent beat of analysts’ EPS estimates.

“We delivered another quarter of double-digit sales growth in the diversified end markets and achieved solid profitability with adjusted EBITDA margin expanding 130 basis points. We also generated strong operating cash flow in the quarter,” said Kieran O’Sullivan, CEO of CTS Corporation.

CTS delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 3.7% since reporting and currently trades at $38.93.

Is now the time to buy CTS? Access our full analysis of the earnings results here, it’s free.

Best Q2: TTM Technologies (NASDAQ: TTMI)

As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ: TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries.

TTM Technologies reported revenues of $730.6 million, up 20.7% year on year, outperforming analysts’ expectations by 9%. The business had an exceptional quarter with an impressive beat of analysts’ EPS guidance for next quarter estimates and a solid beat of analysts’ EPS estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 9.8% since reporting. It currently trades at $43.95.

Is now the time to buy TTM Technologies? Access our full analysis of the earnings results here, it’s free.

Slowest Q2: Rogers (NYSE: ROG)

With roots dating back to 1832, making it one of America's oldest continuously operating companies, Rogers (NYSE: ROG) designs and manufactures specialized engineered materials and components used in electric vehicles, telecommunications, renewable energy, and other high-performance applications.

Rogers reported revenues of $202.8 million, down 5.3% year on year, exceeding analysts’ expectations by 2%. Still, it was a slower quarter as it posted a significant miss of analysts’ EPS guidance for next quarter estimates and a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 8.7% since the results and currently trades at $71.30.

Read our full analysis of Rogers’s results here.

Jabil (NYSE: JBL)

With manufacturing facilities spanning the globe from China to Mexico to the United States, Jabil (NYSE: JBL) provides electronics design, manufacturing, and supply chain solutions to companies across various industries, from healthcare to automotive to cloud computing.

Jabil reported revenues of $7.83 billion, up 15.7% year on year. This number surpassed analysts’ expectations by 11.2%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts’ full-year EPS guidance estimates and full-year revenue guidance beating analysts’ expectations.

Jabil achieved the highest full-year guidance raise among its peers. The stock is up 21% since reporting and currently trades at $219.

Read our full, actionable report on Jabil here, it’s free.

Knowles (NYSE: KN)

With roots dating back to 1946 and a focus on components that must perform flawlessly in critical situations, Knowles (NYSE: KN) designs and manufactures specialized electronic components like high-performance capacitors, microphones, and speakers for medical technology, defense, and industrial applications.

Knowles reported revenues of $145.9 million, down 28.7% year on year. This result beat analysts’ expectations by 4.4%. It was a very strong quarter as it also recorded a solid beat of analysts’ EPS guidance for next quarter estimates and revenue guidance for next quarter slightly topping analysts’ expectations.

Knowles had the slowest revenue growth among its peers. The stock is up 6.8% since reporting and currently trades at $19.93.

Read our full, actionable report on Knowles here, it’s free.

Market Update

Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape.

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