TTM Technologies (NASDAQ:TTMI) Announces Earnings Results

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. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. During the same period in the previous year, the business earned $0.58 EPS. TTM Technologies’s revenue for the quarter was up 37.4% compared to the same quarter last year.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $5.10 during trading hours on Thursday, hitting $136.35. The company had a trading volume of 6,258,364 shares, compared to its average volume of 2,633,375. 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 firm has a market cap of $14.16 billion, a P/E ratio of 73.70 and a beta of 2.14. TTM Technologies has a fifty-two week low of $39.20 and a fifty-two week high of $223.83. The business has a fifty day simple moving average of $163.71 and a 200-day simple moving average of $133.52.

TTM Technologies News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations. TTM reported second-quarter revenue of approximately $1.0 billion, up 37.4% year over year, while non-GAAP EPS reached $0.99 versus estimates ranging from $0.89 to $0.92. Both revenue and earnings were company records. TTMI Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: AI infrastructure demand is accelerating growth. Data center and networking sales represented 40% of revenue and grew 91% year over year, supported by demand from AI customers. Management also cited healthy aerospace and defense demand, stronger bookings, and margin improvement. TTMI Q2 Earnings Call Highlights AI Demand
• Positive Sentiment: Management raised forward expectations. Third-quarter guidance calls for $1.10 billion to $1.14 billion in revenue and $1.21 to $1.27 in non-GAAP EPS, above the $1.09 consensus EPS estimate. Full-year 2026 expectations were lifted to roughly $4.4 billion in revenue and nearly $5.00 in non-GAAP EPS. TTM Technologies Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst conviction improved. Truist raised its price target from $215 to $224 and maintained a Buy rating, citing the company’s growth prospects. Benzinga analyst target report
• Neutral Sentiment: Insider and institutional activity is mixed. Recent filings show substantial insider selling and some large institutional reductions, although other funds increased their positions. These trades may temper sentiment but do not change the stronger operating outlook.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTMI. Truist Financial lifted their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus increased their price objective 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. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, B. Riley Financial upped their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.25.

Insiders Place Their Bets

In related news, EVP Catherine A. Gridley sold 3,056 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the transaction, the executive vice president directly owned 71,866 shares of the company’s stock, valued at $15,015,682.04. This represents a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shawn A. Powers sold 3,367 shares of the firm’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 $703,500.98. Following the completion of the sale, the executive vice president owned 120,801 shares in the company, valued at approximately $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after purchasing an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,632 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of TTM Technologies by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after buying an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TTM Technologies by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after buying an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock valued at $2,869,000 after buying an additional 128,700 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.