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

Key Points

• TTM Technologies raised its FY 2026 outlook, forecasting EPS of $4.97–$5.03 and revenue of $4.5 billion, both above analyst consensus estimates. Q4 EPS guidance was set at $1.77–$1.83.
• The company reported a strong third quarter, with revenue rising nearly 60% year over year to $1.20 billion and EPS of $1.46 versus the $1.25 consensus estimate, driven in part by AI-related data-center demand.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus, but several reduced price targets amid concerns over extended lead times, acquisition-related debt, and potential shipment delays.

TTM Technologies (NASDAQ:TTMI - Get Free Report) issued an update on 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 EPS 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

TTMI has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of TTM Technologies from $224.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, October 13th. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 30th. Weiss Ratings downgraded shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Stifel Nicolaus lowered their target price on shares of TTM Technologies from $205.00 to $165.00 and set a "buy" rating for the company in a research note on Friday. Finally, Needham & Company LLC dropped their target price on TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday. Four research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $188.50.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $3.84 on Friday, reaching $77.73. The stock had a trading volume of 1,623,071 shares, compared to its average volume of 2,669,763. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. TTM Technologies has a 12-month low of $55.44 and a 12-month high of $223.83. The business's 50-day moving average price is $118.27 and its 200 day moving average price is $142.13. The stock has a market cap of $8.19 billion, a P/E ratio of 35.09 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.13 billion. During the same period 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. As a group, equities analysts expect that TTM Technologies will post 4.22 earnings per share for the current year.

Insider Activity at TTM Technologies

In other TTM Technologies news, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the transaction, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edwin Roks purchased 10,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares of the company's stock, valued at approximately $7,244,260.78. The trade was a 18.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company 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: TTM reported record third-quarter net sales of $1.20 billion, up nearly 60% year over year. Non-GAAP EPS was $1.46, above the $1.25 consensus estimate, while adjusted EBITDA rose to $242.3 million and margins expanded to 20.1%. TTM Technologies Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its outlook, forecasting fourth-quarter revenue of $1.42 billion to $1.44 billion and initiating a preliminary 2027 revenue forecast of $6.5 billion to $6.75 billion. Data Center and Networking revenue benefited from AI demand, while Aerospace and Defense backlog reached $2 billion. TTM Technologies: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Needham maintained a “buy” rating, and its revised $150 price target still implies substantial potential upside from the referenced price level. Needham analyst rating
• Neutral Sentiment: Analysts lowered their targets following the earnings release: Needham cut its target from $175 to $150, while Stifel reduced its target to $165. The continued buy-oriented ratings indicate longer-term confidence, but the target reductions reflect heightened near-term risks. Stifel price target update
• Negative Sentiment: Investors reacted negatively to management commentary about material lead times of up to 24 weeks and potential delays in data-center programs, raising concerns that strong demand may not translate into near-term shipments.
• Negative Sentiment: Recent acquisitions, including the planned $650 million Ophir Optics purchase, are increasing borrowing and financing costs. Net leverage was 2.8 times pro forma adjusted EBITDA after the Epiq acquisition, intensifying concerns about debt-service obligations and integration risk. TTM Technologies shares fall amid expanding debt load
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations or securities fraud after the post-earnings selloff. These notices do not establish wrongdoing, but they add headline and litigation uncertainty. Ademi TTMI shareholder alert

About TTM Technologies

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.

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