TTM Technologies (NASDAQ:TTMI) Releases FY 2026 Earnings Guidance

TTM Technologies (NASDAQ:TTMI) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 4.970-5.030 for the period, compared to the consensus earnings per share estimate of 4.700. The company issued revenue guidance of $4.5 billion, compared to the consensus revenue estimate of $4.4 billion. TTM Technologies also updated its Q4 2026 guidance to 1.770-1.830 EPS.

TTM Technologies Trading Up 8.4%

Shares of TTMI opened at $80.11 on Friday. The stock has a fifty day moving average price of $117.07 and a two-hundred day moving average price of $141.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.54 and a current ratio of 1.67. TTM Technologies has a 52-week low of $55.44 and a 52-week high of $223.83. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 31.92 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 59.9% on a year-over-year basis. Analysts predict that TTM Technologies will post 4.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC dropped their target price on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus reduced their target price on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.25.

Insiders Place Their Bets

In related news, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edwin Roks acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the transaction, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This trade represents a 18.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.30% of the company’s stock.

TTM Technologies News Summary

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

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.