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

TTM Technologies (NASDAQ:TTMI) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TTMI shares. Truist Financial reduced their price target on shares of TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC decreased their price objective on TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Stifel Nicolaus reduced their price target 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, Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and an average target price of $173.25.

TTM Technologies Trading Up 8.4%

Shares of TTMI stock traded up $6.22 during trading hours on Friday, reaching $80.11. 8,561,403 shares of the stock were exchanged, compared to its average volume of 3,762,879. TTM Technologies has a 12-month low of $55.44 and a 12-month high of $223.83. The company has a current ratio of 1.67, a quick ratio of 1.54 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $117.07 and its 200-day moving average price is $141.70. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 31.92 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.21. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. As a group, equities analysts anticipate that TTM Technologies will post 4.22 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Dale Knecht sold 26,198 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edwin Roks purchased 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 acquisition, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This trade represents a 18.24% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.30% of the company’s stock.

TTM Technologies News Roundup

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.