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

TTM Technologies (NASDAQ:TTMI) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.970-5.030 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Stifel Nicolaus reduced their target price on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a report on Friday. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Truist Financial set a $170.00 price target on shares of TTM Technologies in a report on Friday. Finally, Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.25.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded up $5.69 on Friday, hitting $79.58. The company had a trading volume of 4,425,634 shares, compared to its average volume of 2,683,569. The company has a market cap of $8.38 billion, a PE ratio of 35.87 and a beta of 2.14. The business has a 50 day moving average of $118.27 and a 200 day moving average of $142.13. TTM Technologies has a 52-week low of $55.44 and a 52-week high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 59.9% compared to the same quarter last year. As a group, equities analysts anticipate that TTM Technologies will post 4.22 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, SVP Dale Knecht sold 26,198 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the transaction, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. This represents a 39.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edwin Roks bought 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the acquisition, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.30% of the company’s stock.

Key TTM Technologies News

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

• Positive Sentiment: Strong Q3 beat: Revenue rose nearly 60% year over year to $1.20 billion, exceeding the $1.13 billion consensus estimate, while non-GAAP EPS of $1.46 surpassed expectations of $1.25. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. TTM Technologies Third Quarter Results
• Positive Sentiment: Raised guidance: TTM now expects fourth-quarter revenue of $1.42 billion to $1.44 billion and EPS of $1.77 to $1.83. Full-year 2026 guidance calls for revenue of $4.47 billion to $4.49 billion and EPS of $4.97 to $5.03, both above analyst consensus. Preliminary 2027 revenue guidance of $6.5 billion to $6.75 billion also points to continued growth. TTM Technologies Forecasts
• Positive Sentiment: Demand remains robust: Data Center and Networking revenue increased 115% and represented 41% of sales, supported by AI demand. Aerospace and Defense contributed 34% of sales, with a $2 billion program backlog and total book-to-bill of 2.13.
• Positive Sentiment: Needham maintained a “buy” rating despite lowering its price target to $150 from $175, while Stifel reduced its target to $165. Both targets remain substantially above recent trading levels. Needham Analyst Rating
• Neutral Sentiment: TTM is pursuing acquisitions including Ophir Optics for $650 million and additional European PCB facilities. Management expects leverage to remain within its targeted range, but these transactions are excluded from current guidance.
• Negative Sentiment: Investors focused on higher debt and financing costs following recent acquisitions. Net leverage was 2.8 times pro forma EBITDA, while long-term debt increased materially; analysts responded by cutting price targets.
• Negative Sentiment: Management cited material wait times of up to 24 weeks, including delays affecting data-center programs. These supply-chain issues could defer revenue and weaken the benefit of strong demand. TTM Technologies Supply Chain Concerns
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations after the post-earnings selloff. These notices may add headline and litigation risk, although no wrongdoing has been established.

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.