TTM Technologies (NASDAQ:TTMI) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

TTM Technologies (NASDAQ:TTMI) posted its earnings results on Wednesday. The technology company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.13), FiscalAI reports. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. TTM Technologies updated its Q3 2026 guidance to 1.210-1.270 EPS.

Here are the key takeaways from TTM Technologies’ conference call:

• Q2 revenue reached a record $1.0 billion, up 37% year over year, while non-GAAP EPS rose 71% to a record $0.99 and adjusted EBITDA margin expanded to 16.6%.
• Strong AI-related demand drove 91% growth in Data Center and Networking sales, with the M+N asymmetrical PCB ramp expected to contribute roughly $600 million in second-half revenue and support further margin improvement. Management now expects 2026 sales of approximately $4.4 billion and non-GAAP EPS approaching $5.
• Aerospace and Defense bookings remained robust, with a 1.3 book-to-bill ratio, $1.7 billion in program backlog, and more than $7 billion of qualified pipeline opportunities tied to areas including Golden Dome and munitions programs.
• TTM expects its planned acquisitions of Swiss Technology Group and ILFA to close in Q3, adding a European foothold and less than 5% incremental sales with moderate EBITDA accretion; financial details remain undisclosed pending closing and regulatory approvals.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $1.54 during trading hours on Wednesday, reaching $131.25. 4,699,875 shares of the company were exchanged, compared to its average volume of 2,608,719. The business has a 50 day moving average of $164.90 and a 200 day moving average of $133.30. TTM Technologies has a 1-year low of $39.20 and a 1-year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company has a market capitalization of $13.63 billion, a P/E ratio of 70.95 and a beta of 2.14.

Insider Activity

In related news, insider Robert P. Farrell sold 1,304 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.92, for a total transaction of $272,431.68. Following the completion of the sale, the insider owned 16,995 shares of the company’s stock, valued at $3,550,595.40. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 3,056 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $638,520.64. Following the sale, the executive vice president owned 71,866 shares in the company, valued at $15,015,682.04. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by insiders.

Institutional Trading of TTM Technologies

Several large investors have recently made changes to their positions in the company. Lido Advisors LLC raised its position in TTM Technologies by 1.5% during the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock valued at $553,000 after purchasing an additional 116 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of TTM Technologies by 0.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 18,858 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 158 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of TTM Technologies by 4.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock valued at $229,000 after purchasing an additional 167 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TTM Technologies by 57.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 597 shares of the technology company’s stock worth $41,000 after buying an additional 219 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of TTM Technologies by 1.5% during the 4th quarter. Brooklyn Investment Group now owns 20,306 shares of the technology company’s stock worth $1,446,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTMI shares. Truist Financial increased their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. B. Riley Financial lifted their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Four 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

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.