TTM Technologies (NASDAQ:TTMI) Shares Up 12.5% Following Strong Earnings

Key Points

• TTM Technologies shares jumped 12.5% after second-quarter earnings beat expectations, with EPS of $0.99 versus $0.89 expected and revenue of approximately $1 billion, up 37.4% year over year.
• Third-quarter profit guidance exceeded consensus at $1.21–$1.27 per share versus the $1.09 analyst estimate, while revenue guidance was approximately $1.1 billion.
• Management cited strong AI and defense demand, the N+M PCB program ramp, and capacity investments as drivers of future growth; analysts maintain a “Moderate Buy” consensus with a $212 price target, despite recent insider selling.

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s share price rose 12.5% during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $147.77 and last traded at $147.5930. Approximately 2,039,403 shares were traded during mid-day trading, a decline of 22% from the average session volume of 2,601,864 shares. The stock had previously closed at $131.25.

The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $962.04 million. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The business's quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS.

More TTM Technologies News

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

• Positive Sentiment: Second-quarter results exceeded expectations. TTM reported adjusted earnings of $0.99 per share, above analyst estimates ranging from $0.89 to $0.92 and up from $0.58 a year earlier. Revenue reached approximately $1.0 billion, surpassing the $962 million consensus and increasing 37.4% year over year. TTM Technologies Earnings Results
• Positive Sentiment: Third-quarter earnings guidance was materially above consensus. TTM forecast earnings of $1.21 to $1.27 per share, compared with the $1.09 analyst estimate. Revenue guidance of approximately $1.1 billion was generally in line with expectations, indicating that the key upside is coming from profitability and mix. TTMI Q2 Earnings and Revenues
• Positive Sentiment: Demand trends support a stronger 2026 outlook. Management highlighted continued AI and defense demand, the ramp of its N+M printed-circuit-board program, and capacity investments intended to support future growth. These comments reinforce expectations for expanding advanced PCB and mission-systems opportunities. TTMI Q2 Earnings Call Highlights
• Neutral Sentiment: TTM is investing in additional capacity to meet demand, which can increase near-term capital requirements even as it improves its ability to capture longer-term growth. TTM Technologies Second-Quarter Results

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of TTM Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Zacks Research lowered shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Truist Financial boosted their price target on shares of TTM Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Needham & Company LLC raised their price target on TTM Technologies from $208.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, B. Riley Financial raised their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TTM Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 8,902 shares of TTM Technologies stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president directly owned 208,245 shares of the company's stock, valued at $43,687,718.55. This trade represents a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 8,966 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $1,881,066.80. Following the sale, the executive vice president directly owned 69,679 shares of the company's stock, valued at $14,618,654.20. This trade represents a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,043 shares of company stock valued at $17,191,859 in the last 90 days. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC purchased a new position in shares of TTM Technologies in the 2nd quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies during the fourth quarter worth about $30,000. Truvestments Capital LLC acquired a new position in TTM Technologies during the fourth quarter worth $30,000. GoalVest Advisory LLC lifted its stake in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in shares of TTM Technologies during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Up 12.7%

The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The firm has a market cap of $15.36 billion, a PE ratio of 80.16 and a beta of 2.14. The firm has a 50 day moving average price of $163.71 and a 200-day moving average price of $133.52.

TTM Technologies Company Profile

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.

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