TTM Technologies (NASDAQ:TTMI) Releases Earnings Results, Beats Estimates By $0.21 EPS

Posted by Stanley Muller on Oct 22nd, 2026

TTM Technologies (NASDAQ:TTMI – Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.21, FiscalAI reports. 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 quarter in the previous year, the business posted $0.50 earnings per share. TTM Technologies’s quarterly revenue was up 59.9% on a year-over-year basis.

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

Positive Sentiment: TTM reported record third-quarter revenue of $1.2 billion, up 60% year over year, with non-GAAP EPS of $1.46 and adjusted EBITDA margin of 20.1%, up 400 basis points. Management raised full-year 2026 revenue guidance to $4.47 billion-$4.49 billion.
Positive Sentiment: Data Center & Networking revenue grew 115% year over year, driven by AI-related N+M boards, which represented about 30% of the segment in the third quarter and are expected to reach roughly 50% in 2027. Management said the products carry gross margins well above the corporate average and could support more than 200 basis points of margin expansion next year.
Positive Sentiment: Aerospace & Defense sales rose 21% year over year, with a 1.6 book-to-bill ratio and record backlog of approximately $2 billion. Management cited strong bookings across radar, surveillance, Golden Dome, and restricted programs, with visibility into about 65% of projected 2027 A&D revenue.
Positive Sentiment: TTM provided preliminary 2027 revenue guidance of $6.5 billion-$6.75 billion and non-GAAP EPS of $8.10-$8.90, implying another year of roughly 50% growth. The outlook includes continued strength across Data Center & Networking, A&D, medical, industrial, instrumentation, and automotive markets.
Negative Sentiment: TTM plans to fund the $650 million Ophir Optics acquisition with cash and borrowings, increasing quarterly interest expense by about $20 million and weighing on near-term EPS. Although management expects leverage below 2x adjusted EBITDA at closing, it said the company will prioritize debt reduction and balance-sheet strengthening after completing the current acquisition program.

TTM Technologies Trading Down 25.3%

NASDAQ:TTMI traded down $25.79 during mid-day trading on Thursday, hitting $76.36. 5,336,406 shares of the stock traded hands, compared to its average volume of 2,605,408. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 34.72 and a beta of 2.14. TTM Technologies has a 52 week low of $55.44 and a 52 week high of $223.83. The firm’s 50 day moving average is $119.57 and its two-hundred day moving average is $142.30. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50.

TTM Technologies News Roundup

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

Positive Sentiment: TTM reported record third-quarter revenue of $1.20 billion, up approximately 60% year over year, while non-GAAP EPS of $1.46 exceeded the $1.25 consensus estimate. GAAP net income rose to $84.8 million from $53.1 million a year earlier. TTM Technologies Q3 Earnings and Revenues Surpass Estimates
Positive Sentiment: Profitability improved significantly: adjusted EBITDA reached a record $242.3 million, or 20.1% of revenue, compared with 16.1% last year. Data Center and Networking revenue increased 115%, supported by continued artificial-intelligence demand, while Aerospace and Defense grew 21%. TTM Technologies Third Quarter 2026 Results
Positive Sentiment: Management forecast fourth-quarter revenue of $1.42 billion to $1.44 billion and initiated a preliminary 2027 outlook of $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in non-GAAP EPS. The 2.13 book-to-bill ratio and $2.0 billion Aerospace and Defense backlog also indicate strong demand. TTM Technologies Fiscal Q3 Outlook
Neutral Sentiment: TTM is pursuing acquisitions, including the planned $650 million purchase of Ophir Optics and additional European PCB facilities. These deals could expand its product portfolio and geographic reach, but the Ophir transaction is excluded from current guidance.
Negative Sentiment: Investors may be concerned about financing and integration risk. Net leverage was 2.8 times pro forma adjusted EBITDA after recent acquisitions, and additional borrowing is expected for Ophir Optics. The company also remains exposed to customer concentration and execution risks.
Negative Sentiment: Reported insider activity has been heavily weighted toward selling, with 241 sales versus two purchases over the past six months, although the CEO and another insider recently bought shares. This may be adding to short-term investor caution.

Insider Transactions at TTM Technologies

In other TTM Technologies news, SVP Dale Knecht sold 26,198 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were 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 owned 40,138 shares of the company’s stock, 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 is available at this hyperlink. Also, CEO Edwin Roks bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the transaction, the chief executive officer directly 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 SEC filing for this purchase provides additional information. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Truist Financial boosted their target price on shares of TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Needham & Company LLC decreased their target price on shares of TTM Technologies from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TTM Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $204.75.

Get Our Latest Report on TTM Technologies

TTM Technologies Company Profile

(Get Free Report)

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.

Earnings History for TTM Technologies (NASDAQ:TTMI)

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