TTM Technologies (NASDAQ:TTMI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

TTM Technologies (NASDAQ:TTMI) issued its earnings results on Wednesday. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02, FiscalAI reports. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The business had revenue of $763.53 million for the quarter, compared to the consensus estimate of $752.96 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. TTM Technologies updated its Q1 2026 guidance to 0.640-0.700 EPS.

Here are the key takeaways from TTM Technologies’ conference call:

• TTM delivered a strong Q4 and FY2025 with $774.3M in Q4 sales (+19% YoY), FY sales of $2.9B, a fourth-quarter Adjusted EBITDA margin of 16.3%, and a record quarterly non-GAAP EPS of $0.70.
• Demand is concentrated in AI and defense—management says ~80% of net sales relate to those megatrends, with data center sales +57% YoY in Q4 and aerospace & defense at 41% of Q4 sales supported by large program bookings and a $1.6B program backlog.
• Management expects continued growth and investment, targeting 15%–20% annual revenue growth and to double earnings by 2027, with 2026 CapEx guided to ~$240–260M plus an incremental ~$200–300M over 2–3 years for additional China data-center capacity; the Eau Claire U.S. site could add capacity but is ~18–24 months from first revenue and is not included in current capacity plans.
• Near-term execution risks remain—Penang dragged gross profit by ~180 bps in Q4 (management expects improvement but not fully resolved), the 90‑day backlog is higher but cancellable, and Q1 margins will be pressured by Chinese New Year labor and seasonal costs.

TTM Technologies Trading Down 10.4%

TTMI opened at $96.40 on Thursday. The stock has a market capitalization of $9.96 billion, a PE ratio of 76.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66. TTM Technologies has a 12-month low of $15.77 and a 12-month high of $111.00. The firm’s fifty day moving average price is $80.34 and its 200 day moving average price is $62.97.

Insiders Place Their Bets

In other news, Director Julie Spicer England sold 3,784 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total value of $239,678.56. Following the completion of the transaction, the director owned 106,541 shares in the company, valued at approximately $6,748,306.94. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Mayer sold 9,167 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director owned 165,140 shares in the company, valued at $11,250,988.20. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 49,194 shares of company stock worth $3,828,510. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. Employees Retirement System of Texas acquired a new stake in shares of TTM Technologies during the third quarter valued at approximately $56,000. Advisory Services Network LLC acquired a new position in shares of TTM Technologies in the third quarter worth $69,000. EverSource Wealth Advisors LLC raised its holdings in shares of TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after acquiring an additional 430 shares in the last quarter. Shelton Capital Management bought a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $213,000. Finally, Larson Financial Group LLC increased its holdings in TTM Technologies by 4.4% in the third quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock worth $229,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Needham & Company LLC increased their price objective on shares of TTM Technologies from $79.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. B. Riley boosted their target price on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies currently has an average rating of “Buy” and an average target price of $99.00.

More TTM Technologies News

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

• Positive Sentiment: Q4 results beat expectations — EPS $0.70 vs. $0.68 est. and revenue $763.5M, up ~19% YoY, showing healthy top-line growth. TTM Technologies (TTMI) Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Company raised Q1 FY2026 guidance well above consensus — EPS guide $0.640–0.700 vs. $0.570 consensus and revenue guide ~$770–810M vs. ~$738.8M consensus, signaling continued demand strength. TTM Tech (TTMI) Q4 2025 Earnings Call Transcript
• Positive Sentiment: Market commentary highlights AI-driven demand and record results — company cited strong AI-related orders as a key growth driver, supporting medium-term revenue outlook. TTM Technologies shares surge as AI demand fuels record earnings
• Positive Sentiment: Analysts have raised targets and ratings after the quarter (examples: Needham, B. Riley, Zacks upgrades), which supports upside over a longer horizon. TTM Technologies (TTMI) price target increased by 27.86% to 105.32
• Neutral Sentiment: Full earnings materials and the conference-call transcript/slide deck are available for deeper read — useful for confirming customer commentary, segment details and margin drivers. TTM Technologies – Listen to Conference Call / View Press Release
• Negative Sentiment: Insider selling: Director Thomas Edman sold 16,800 shares at ~\$96, which can be perceived as near-term selling pressure (though he still holds a large stake). TTM Technologies (NASDAQ:TTMI) Director Thomas Edman Sells 16,800 Shares
• Negative Sentiment: Valuation and profit-taking risk: TTMI trades at a rich multiple after the recent rally (high P/E and large move above the 50‑day average), which can amplify pullbacks even after strong results. TTM Technologies Trading and Valuation Snapshot

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.