TTM Technologies, Inc. (TTMI) AI Stock Analysis

TTM Technologies, Inc., operating across its PCB and RF&S Components segments, manufactures and distributes printed circuit boards and specialized components. Its product portfolio includes conventional PCBs, high density interconnect PCBs, flexible and rigid-flex PCBs, substrate-like PCBs, and custom assemblies. The company also manufactures IC substrates, passive RF components, multi-chip modules, and RF and microwave circuits with features such as heavy copper cores and embedded coins. TTM Technologies serves OEMs and electronic manufacturing services companies across aerospace and defense, data center computing, automotive components, medical devices, and industrial equipment, providing design, simulation, and testing services.

Between FY2021 and FY2025, TTM Technologies expanded annual revenue from $2.25B to $2.91B, representing a 5-year revenue CAGR of 6.7%. Revenue rose 11.0% in FY2022 before falling 10.5% in FY2023 to $2.23B, with net income recording -$18.7M. Performance rebounded in FY2024 with 9.4% revenue growth to $2.44B and net income of $56.3M. In FY2025, revenue grew 19.0% to $2.91B, gross margin reached 19.6%, operating margin reached 9.0%, and net income expanded to $177.4M. For the latest quarter ended June 30, 2026, quarterly revenue rose 37.4% year-over-year, while quarterly earnings jumped 92.5%, bringing trailing twelve-month revenue to $3.38B.

As of June 30, 2026, TTM Technologies held $507.9M in cash and short-term investments against total debt of $1.08B, resulting in net debt of $570.1M. Shareholders' equity stood at $1.93B, supporting a debt-to-equity ratio of 0.56 and a current ratio of 1.78. In FY2025, operating cash flow reached $291.9M. Cash deployment included capital expenditures of $292.6M, which resulted in free cash flow of -$683,000, alongside $17.9M spent on share buybacks.

At a share price of $93.88, TTM Technologies trades at a trailing P/E of 42.5x and an EV/EBITDA of 30.4x, both above the median of its US-listed Technology peers of 28.1x and 16.6x, respectively. Its forward P/E of 5.6x sits below the peer median of 18.8x, supported by a PEG ratio of 0.36. The stock's price-to-sales multiple of 2.9x is in line with the peer median of 2.8x. Over the past year, TTMI returned 60.6% compared to 16.8% for the S&P 500, and over five years returned 595.4% versus 83.0% for the index.

Wall Street analysts hold 4 Strong Buy ratings and 1 Buy rating on the stock, with 0 Hold, Sell, or Strong Sell ratings. The mean price target of $211.00 indicates a 124.8% upside relative to the closing price of $93.88. Analysts forecast FY2026 revenue of $4.43B and EPS of $4.82, representing 95.8% EPS growth. For FY2027, 3 analysts project revenue of $6.25B and EPS of $7.86. The company has beaten EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for October 22, 2026.

This page is an AI-written research summary of TTM Technologies, Inc. (TTMI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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