TTM Technologies (NASDAQ:TTMI) Announces Earnings Results

TTM Technologies (NASDAQ:TTMI) posted its earnings results on Wednesday. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $763.53 million during the quarter, compared to analysts’ expectations of $752.96 million. 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 Stock Down 10.4%

TTM Technologies stock traded down $11.17 during trading hours on Wednesday, hitting $96.40. The company had a trading volume of 3,630,679 shares, compared to its average volume of 3,607,865. 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 fifty-two week low of $15.77 and a fifty-two week high of $111.00. The firm’s fifty day moving average is $79.78 and its 200-day moving average is $62.74. The firm has a market capitalization of $9.96 billion, a P/E ratio of 76.51 and a beta of 1.75.

Insider Buying and Selling

In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $67.30, for a total transaction of $134,600.00. Following the transaction, the insider owned 41,442 shares in the company, valued at $2,789,046.60. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.12, for a total transaction of $1,614,816.00. Following the transaction, the director directly owned 783,406 shares in the company, valued at $75,300,984.72. The trade was a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 49,194 shares of company stock valued at $3,828,510. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC acquired a new stake in shares of TTM Technologies in the second quarter worth $1,032,000. Man Group plc acquired a new position in TTM Technologies in the 3rd quarter valued at $1,364,000. Capital Fund Management S.A. bought a new position in TTM Technologies in the 3rd quarter worth $1,483,000. Pathstone Holdings LLC lifted its position in TTM Technologies by 10.4% during the 3rd quarter. Pathstone Holdings LLC now owns 33,881 shares of the technology company’s stock worth $1,952,000 after acquiring an additional 3,192 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in TTM Technologies by 59.3% during the second quarter. Balyasny Asset Management L.P. now owns 44,674 shares of the technology company’s stock valued at $1,824,000 after acquiring an additional 16,633 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

More TTM Technologies News

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

• Positive Sentiment: Q4 results beat expectations — TTMI reported $0.70 EPS vs. $0.68 consensus and $763.5M revenue vs. $753M expected, signaling stronger demand. TTM Technologies, Inc. Reports Fourth Quarter & Fiscal Year 2025 Results
• Positive Sentiment: Management raised Q1 FY2026 guidance to $0.640–$0.700 EPS (Street ~$0.57) and revenue guidance to $770–$810M (Street ~$738.8M) — this forward-looking beat is the main driver of the intraday rally. View Press Release
• Positive Sentiment: Analysts raised targets and ratings after the report — one note cited a material uplift to price targets (example: a ~28% price-target increase reported), reflecting improved near-term visibility and AI-driven end-market demand. TTM Technologies (TTMI) price target increased by 27.86% to 105.32
• Neutral Sentiment: Market narratives emphasize AI-driven demand as a key driver of record results; company slide deck and transcript are available for line-item detail (useful for revenue mix, margin outlook and backlog checks). View Slide Deck
• Negative Sentiment: Insider selling disclosed — Director Thomas Edman sold 16,800 shares at about $96.12; the sale is notable but represents a small reduction of a very large holding (insider still owns a substantial stake). TTM Technologies (NASDAQ:TTMI) Director Thomas Edman Sells 16,800 Shares

Analyst Ratings Changes

Several brokerages have weighed in on TTMI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. Truist Financial set a $113.00 target price on shares of TTM Technologies in a research report on Wednesday, January 14th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Needham & Company LLC upped their target price on TTM Technologies from $79.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $99.00.

About TTM Technologies

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.