TTM Technologies Inc

TTM Technologies has completed its $1.1 billion acquisition of Epiq Solutions, strengthening its defense and aerospace business. Epiq develops software-defined radios, RF systems and radiation-tolerant computing solutions used across defense, intelligence and space applications, capabilities that complement TTM Technologies' existing printed circuit board, RF component and mission-system offerings. The deal advances the company's strategy of moving up the chain through greater vertical integration and expands its opportunities across land, air, sea and space applications, including signals intelligence, secure communications, electronic warfare and space systems. Financially, TTM Technologies expects Epiq to immediately strengthen adjusted EBITDA, though the deal is expected to be moderately dilutive to adjusted earnings per share in 2027 before becoming accretive in 2028. TTM Technologies faces strong competition from U.S.-based aerospace and defense electronics companies including Curtiss-Wright Corporation, Mercury Systems and Sanmina.

TTM Technologies reported record quarterly net sales of $1.00 billion for its second quarter, up 37.4% year on year and 4.8% above analysts' expectations, with next-quarter revenue guidance also exceeding consensus. Chief Executive Officer Edwin Roks credited robust Data Center and Networking demand, which rose 91% year on year, along with 33% growth in the Medical, Industrial and Instrumentation end market and 14% growth in Aerospace and Defense. The stock has fallen 6% since the results and trades at $123.42. Across the 10 electronic components and manufacturing stocks tracked in the group, revenues beat consensus by 4.7% and next-quarter revenue guidance came in 6.3% above estimates, with share prices up 2.1% on average since reporting. Amphenol led the group with revenue of $8.76 billion, up 55% year on year, while Jabil posted $10.62 billion, up 28.6%, and Plexus reported $1.30 billion, up 28.1%; Rogers was the weakest, with revenue of $216.8 million, up 6.9%, and a significant miss on earnings per share.

TTM Technologies is ramping up its N+M technology family, having already delivered tens of millions of dollars of N+M products and expecting approximately $600 million of N+M business in the second half of 2026, with about one-third of that opportunity in the third quarter and two-thirds in the fourth quarter. The opportunity is supported by strong Data Center and Networking demand, where second-quarter sales surged 91% year over year as customers expanded AI data-center infrastructure, and TTM Technologies expects the end market to account for 49% of third-quarter sales as N+M enters volume production. N+M yields are running better than expected, and further yield improvements as production scales should support margin expansion in the third and fourth quarters. The Zacks Consensus Estimate projects revenue growth of 50.88% year over year in 2026, with earnings per share projected at $4.82 for 2026 and $6.90 for 2027, representing year-over-year growth of 95.9% and 43.2%, respectively. TTM Technologies faces competition in advanced electronics from Amphenol Corporation, which is strengthening its position through Wilder Technologies, and from Sanmina Corporation, which is expanding high-technology PCB capabilities for AI and aerospace-and-defense products.

TTM Technologies is making its initial strategic entry into Europe through planned acquisitions of Swiss Technology Group AG in Switzerland and ILFA GmbH in Germany, adding specialized capabilities and geographic reach that could support long-term revenue growth. The acquisitions are expected to contribute less than 5% of incremental sales but be moderately accretive on an adjusted EBITDA basis. TTM's approximately $4.4 billion 2026 revenue outlook excludes any contribution from the pending acquisitions, leaving room for potential upside as the deals close and are integrated. Meanwhile, Zacks Consensus Estimate projects 2027 revenues at $5.46 billion, above the 2026 outlook. Shares of TTM have surged 67.5% year to date, and the company currently sports a Zacks Rank #1 (Strong Buy).

Edwin Roks, President and CEO of TTM Technologies, purchased 10,000 shares of the company on August 25, 2026, for approximately $1.1 million, according to a recent SEC Form 4 filing. The shares were acquired in multiple open-market transactions at prices ranging from $111.73 to $111.88, with a weighted average price of $111.77 per share. This purchase increased Roks's direct stake by 18% to 64,814 shares, valued at $7.28 million based on the market close that day. TTM Technologies, which manufactures printed circuit boards and RF components, has a market capitalization of $11.1 billion and generated $3.4 billion in trailing twelve-month revenue. The company anticipates annual revenue growth of up to 20% through 2030, driven by AI adoption and aerospace and defense activity, and expects second-quarter results of $950 million in sales and $0.85 per share, representing year-over-year surges of approximately 30% and 50%, respectively.

Stephen Mandel's Lone Pine Capital and Alex Sacerdote's Whale Rock Capital both built significant positions in TTM Technologies during the second quarter. Lone Pine disclosed a 2.74 million-share stake worth about $512 million as of June 30, while Whale Rock increased its holding by about 20% to 4.23 million shares worth roughly $791 million, making TTMI its fourth-largest disclosed U.S. equity position. TTM Technologies, a maker of printed circuit boards and RF components, reported record second-quarter sales of $1 billion, up 37% year over year, with its Data Center and Networking segment growing 91% on AI infrastructure demand. The stock closed August 21 at $110.54, down about 21% over five trading days and roughly half from its June peak of $223.83, and trades at about 23 times the 2026 adjusted EPS consensus of $4.85. The number of hedge funds holding the stock rose 37% in Q2 to 89 from 65 in Q1.

TTM Technologies has agreed to acquire Epiq Solutions in an all-cash transaction valued at $1.1 billion, expanding its radio-frequency and digital signal processing capabilities for aerospace, defense and communications applications. The deal is expected to close in the fourth quarter of 2026, subject to regulatory approvals, and will be financed through borrowings with commitment letters from JPMorgan, Bank of America and Barclays. Epiq is expected to generate approximately $160 million of revenue in 2027 with EBITDA margins in the mid-30% range, and TTM expects roughly $9 million in annual synergies, immediate adjusted EBITDA-margin accretion and non-GAAP EPS accretion in 2028. TTM projects net leverage of about 2.3 times at closing, declining to between 1.5 times and 1.7 times within 12 to 18 months. The acquisition follows TTM's record second-quarter revenue of more than $1 billion and a raised full-year outlook of approximately $4.4 billion.

TTM Technologies shares advanced on strong quarterly results and guidance, driven by accelerating AI data-center and defense demand for high-performance computing hardware. The company, a US-based global manufacturer of mission systems, RF components, and printed circuit boards, was highlighted by Voya MI Dynamic Small Cap Fund in its second-quarter 2026 investor letter. The fund's overweight position in TTM Technologies had a positive impact on performance, primarily for risk management reasons. TTM Technologies closed at $140.00 per share on August 14, 2026, with a market capitalization of $14.75 billion, and gained 234.77% over the past 52 weeks.

TTM Technologies crossed $1 billion in quarterly sales for the first time on its August 5 earnings call, with revenue jumping 37% year-over-year and non-GAAP earnings per share climbing 71% to $0.99. Data center and networking sales made up 40% of second quarter 2026 revenue and grew 91% year-over-year, while aerospace and defense grew 14% with a 1.3 book-to-bill and a $1.7 billion program backlog. The company guided third quarter 2026 sales to $1.10 billion to $1.14 billion and full-year 2026 revenue near $4.4 billion, though automotive sales are expected to decline mid-single digits and currency losses tied to pending European acquisitions widened. Hedge fund ownership rose from 54 to 64 funds, and short interest sits at 3.22% of the float.

TTM Technologies reported record second-quarter revenue of $1 billion, up 37% year over year, with non-GAAP earnings per share of $0.99, a 71% improvement. The company's adjusted EBITDA margin expanded 160 basis points to 16.6%, driven by strong demand in data center and networking, which grew 91%, and aerospace and defense, which grew 14%. TTM raised its full-year 2026 revenue guidance to approximately $4.4 billion and expects non-GAAP EPS to approach $5 per diluted share. The company also announced plans to acquire Swiss Technology Group AG and ILFA GmbH, establishing its first manufacturing footprint in Europe.

TTM Technologies reported record second quarter revenue of about US$1.0 billion and raised its full year 2026 sales guidance, driven by demand from AI and defense markets. The most followed analyst narrative places fair value at $212 per share, implying the stock is 35.7% undervalued compared to its last close of $136.36. The bullish case rests on expansion into higher-value engineered solutions, new capacity in Penang and Syracuse, and a product mix shift that is expected to improve gross margins and net margin profile over time. However, risks include higher-cost U.S. capacity and a slower ramp-up in Penang that could pressure margins and cash generation. The stock trades at a P/E of 59.8x, above the U.S. Electronic industry average of 31.6x and peers at 40.7x, but below its fair ratio of 64.1x.

TTM Technologies announced agreements to acquire Swiss Technology Group AG and Germany-based ILFA GmbH, marking its first direct manufacturing presence in Europe. The acquisitions are part of the company's growth strategy to broaden geographic reach and customer access beyond its traditional markets. The deals add local European capability in sectors where reliability and qualification matter, supporting the push to win more complex PCB and RF work for AI and aerospace or defense customers. The move also increases integration and execution risk given TTM's existing heavy capital commitments in Penang, Syracuse, and Wisconsin.

TTM Technologies reported quarterly earnings of 99 cents per share, beating the Zacks Consensus Estimate of 92 cents and marking a 7.61% earnings surprise. Revenue reached $1 billion for the quarter ended June 2026, surpassing the consensus estimate by 4.10% and up from $730.62 million a year ago. The company has now topped consensus earnings and revenue estimates in each of the last four quarters. TTM shares have gained about 92.5% year to date, compared with a 13% rise in the S&P 500. Ahead of the report, estimate revisions had been unfavorable, giving the stock a Zacks Rank of 4, or Sell.

TTM Technologies presented its advanced printed circuit board and RF solutions for aerospace, defense, and AI infrastructure at the Farnborough International Airshow, reinforcing its role in next-generation mission hardware supply chains. The showcase highlighted the company's involvement in complex electronics for AI data centers and mission-critical defense systems. The event aligns with TTM's upcoming opening of an Ultra HDI PCB facility in Syracuse in June 2026, which targets higher-complexity, domestically sourced electronics for defense programs. Analysts project TTM could reach $5.8 billion in revenue and $709.3 million in earnings by 2029, implying a fair value of $212.00 per share, a 47% upside from current levels, though execution risks and heavy reliance on AI and defense demand remain key considerations.

StockStory identified TTM Technologies and Magnite as two business services stocks with durable competitive advantages, while naming Sinclair as one to avoid. TTM Technologies, a printed circuit board manufacturer, posted annual revenue growth of 17.2% over the last two years and is expected to accelerate to 32.8% in the next twelve months, with earnings per share compounding at 35.5% annually. Magnite, the largest independent sell-side advertising platform, achieved 24% annual revenue growth over five years and 25.8% annual EPS growth over the last two years, supported by improving returns on capital. In contrast, Sinclair, which operates 185 local television stations, saw sales decline 11.4% annually over five years, faces diminishing returns on capital, and carries a 7 times net-debt-to-EBITDA ratio that increases dilution risk.

TTM Technologies shares have surged 88.6% year to date, significantly outperforming the Zacks Electronics - Miscellaneous Components industry's 14.3% decline and the broader Zacks Computer and Technology sector's 16.6% gain. The rally has been driven by robust demand for advanced printed circuit boards and engineered products used in artificial intelligence infrastructure, aerospace and defense applications, along with continued execution on strategic capacity expansion. In the first quarter of 2026, revenues from the data center and networking end market increased 61% year over year and accounted for 36% of total sales, while the aerospace and defense segment posted a book-to-bill ratio of 1.10 and a program backlog of $1.6 billion. The Zacks Consensus Estimate for 2026 EPS is pegged at $4.13, indicating 67.89% growth over the prior year. TTMI currently carries a Zacks Rank #3 (Hold) and a Growth Score of A, with analysts suggesting existing investors may maintain positions while new investors could wait for a more favorable entry point.

TTM Technologies announced that its Mini-Xinger RF product portfolio has achieved AEC-Q200 qualification, validating the product line's conformance to the highest industry standards for passive component reliability in automotive and high-reliability applications. The accreditation confirms that these components meet rigorous stress testing requirements including temperature cycling, mechanical shock, vibration, and humidity, demonstrating consistent long-term performance in demanding environments. The Xinger brand, long used in satellite navigation and automotive telecommunications, is increasingly utilized in commercial space applications where thermal stability is essential, and this qualification provides customers in critical markets with assurance regarding performance and durability.

StockStory identifies TTM Technologies and Super Micro Computer as mid-cap stocks with strong fundamentals and upside potential, while warning that Tractor Supply faces headwinds. TTM Technologies posted 17.2% annual revenue growth over two years and 35.5% annual EPS growth, with projected revenue accelerating 32.8%. Super Micro Computer achieved 68.9% annual revenue growth over two years on a $33.7 billion base and 57.5% annual EPS growth over five years. In contrast, Tractor Supply saw only 2.6% annual sales growth over three years, weak same-store sales, and a 36.4% gross margin from commoditized inventory.

TTM Technologies has opened a new Ultra-High-Density Interconnect PCB manufacturing facility in Syracuse, New York, focused on advanced packaging and Ultra-HDI PCB production for U.S. defense and aerospace customers. The 215,000 square foot plant represents a US$130 million investment, including US$30 million from the Department of War, underscoring its link to national security objectives. The facility is designed to serve long-term U.S. defense programs and domestic supply chain priorities, positioning TTM Technologies for higher-value engineered solutions in mission-critical applications. Investors may monitor utilization, order intake, and margin impacts as the company integrates this higher-cost domestic capacity into its global footprint.

Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on June 29. ORIX Corporation saw its current-year earnings consensus estimate increase 68.7% over the last 60 days. TTM Technologies saw a 27.1% increase, Albemarle Corporation a 55.6% increase, Idaho Strategic Resources a 14.3% increase, and Perimeter Solutions a 21.1% increase.

Tradr ETFs announced it expects to launch five single-stock leveraged ETFs on Wednesday, July 1. The Cboe-listed funds will seek to deliver two times the daily performance of their underlying stocks, covering Ciena Corporation, Quantinuum Inc., Rambus Inc., Tower Semiconductor Ltd., and TTM Technologies, Inc. The new ETFs are designed for sophisticated investors and professional traders seeking short-term leveraged exposure.

TTM Technologies will migrate from the Russell 2000 Index to the Russell 1000 Index effective after the market close on June 26, 2026. The Russell 1000 Index is a key benchmark for large-cap U.S. stocks, comprising 1,000 of the largest publicly traded U.S. companies based on market capitalization. TTM President and CEO Edwin Roks said the inclusion underscores the strength and performance of the company's business and financial model, and will elevate its profile among institutional investors. The index is managed by FTSE Russell, with membership determined by criteria including market capitalization and liquidity.

TTM Technologies has opened a new Ultra-High-Density Interconnect printed circuit board manufacturing facility in Syracuse, New York, advancing America's defense electronics industrial base. The 215,000-square-foot facility, purpose-built for Ultra-HDI PCB and advanced packaging production, represents a $130 million investment, including $30 million from the U.S. Department of War. It will create up to 400 new engineering and manufacturing jobs, bringing TTM's total Central New York workforce to approximately 1,000 employees. The facility addresses a critical gap in domestic production capacity for Ultra-HDI PCBs, which are essential for next-generation radar, missile defense, space, and autonomous systems programs.

TTM Technologies has announced its intent to acquire two privately-held European printed circuit board manufacturers, Swiss Technology Group AG and ILFA GmbH, in separate all-cash transactions. The acquisitions are part of TTMI's strategy to diversify its geographic presence and establish an initial manufacturing footprint in Europe. Swiss Technology Group, formed via the 2023 merger of GS Swiss and the Hofstetter Group, specializes in miniaturized rigid-flex and flex PCB solutions for medical and aerospace and defense clients, while ILFA brings a 45-year legacy in complex rigid, flexible, and rigid-flex PCBs along with CAD prototyping services. The combined transactions are projected to be immediately, though modestly, accretive to earnings upon completion, excluding purchase accounting adjustments. Supported by cash from the balance sheet, the acquisitions are expected to close in the third quarter of 2026, subject to customary European regulatory approvals.