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

TTM Technologies (NASDAQ:TTMI) issued an update on its FY 2026 earnings guidance on Friday morning. 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TTMI shares. 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. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Needham & Company LLC reduced their price objective on shares of TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price objective on shares of TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday. Finally, Truist Financial boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, TTM Technologies has an average rating of “Moderate Buy” and an average target price of $188.50.

TTM Technologies Price Performance

NASDAQ:TTMI traded up $3.84 during mid-day trading on Friday, hitting $77.73. 1,623,071 shares of the company’s stock traded hands, 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. The firm’s 50 day simple moving average is $118.27 and its 200 day simple moving average is $142.13. TTM Technologies has a 1 year low of $55.44 and a 1 year high of $223.83. The company has a market cap of $8.19 billion, a PE ratio of 35.09 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last issued 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. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $0.50 EPS. The company’s revenue was up 59.9% on a year-over-year basis. Sell-side analysts expect that TTM Technologies will post 4.22 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Edwin Roks purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the acquisition, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dale Knecht sold 26,198 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. The trade was a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Key Stories Impacting TTM Technologies

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.