TTM Technologies (NASDAQ:TTMI) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

TTM Technologies (NASDAQ:TTMI) posted its quarterly earnings data on Thursday. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10, FiscalAI reports. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 16.04%. The business’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS.

TTM Technologies Stock Up 3.9%

Shares of NASDAQ TTMI opened at $136.35 on Friday. TTM Technologies has a 12-month low of $39.20 and a 12-month high of $223.83. The firm’s 50-day simple moving average is $162.68 and its 200 day simple moving average is $133.77. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 61.42 and a beta of 2.14.

More TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Quarterly results exceeded expectations. TTM reported record second-quarter revenue of approximately $1.0 billion, up 37.4% year over year, while non-GAAP EPS reached $0.99 versus analyst estimates near $0.89-$0.92 and $0.58 a year earlier. TTM Technologies Second Quarter 2026 Results
• Positive Sentiment: AI-related demand is accelerating growth. Data center and networking revenue rose 91% year over year and represented 40% of sales, as customers continue building AI infrastructure. Strong bookings, margin improvement and an N+M PCB ramp further supported the outlook. TTM Technologies AI Demand News
• Positive Sentiment: Management issued bullish guidance. Third-quarter revenue is expected at $1.10 billion-$1.14 billion and non-GAAP EPS at $1.21-$1.27, above the consensus EPS estimate of $1.09. Full-year 2026 expectations were raised to roughly $4.4 billion in revenue and nearly $5.00 in non-GAAP EPS.
• Positive Sentiment: Analyst support strengthened. Truist raised its price target from $215 to $224 and maintained a Buy rating, signaling confidence that AI, aerospace and defense demand can sustain TTM’s growth. Truist Price Target Report
• Neutral Sentiment: Defense demand, a growing backlog, planned European acquisitions and expanded credit capacity could provide additional growth and investment flexibility, although execution and acquisition risks remain.
• Negative Sentiment: Reported insider-trading data showed open-market sales and no purchases by listed insiders over the past six months. This may raise a cautionary signal for investors, though such sales can also reflect scheduled transactions or compensation-related activity.

Analyst Ratings Changes

Several research analysts have issued reports on TTMI shares. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Needham & Company LLC increased their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. B. Riley Financial raised their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus lifted their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.25.

Insider Transactions at TTM Technologies

In related news, EVP Daniel J. Weber sold 2,915 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the transaction, the executive vice president owned 88,250 shares in the company, valued at $18,438,955. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Shawn A. Powers sold 3,367 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the transaction, the executive vice president directly owned 120,801 shares in the company, valued at approximately $25,240,160.94. This represents a 2.71% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 82,043 shares of company stock worth $17,191,859. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTMI. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of TTM Technologies during the fourth quarter worth approximately $30,000. CIBC Private Wealth Group LLC lifted its holdings in TTM Technologies by 29,550.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 593 shares of the technology company’s stock valued at $41,000 after buying an additional 591 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in TTM Technologies by 57.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 597 shares of the technology company’s stock valued at $41,000 after buying an additional 219 shares during the period. Finally, Employees Retirement System of Texas bought a new position in TTM Technologies in the third quarter valued at approximately $56,000. 95.79% of the stock is owned by institutional investors.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system?level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.