TTM Technologies (NASDAQ:TTMI) Announces Q4 2026 Earnings Guidance

TTM Technologies (NASDAQ:TTMI) issued an update on its fourth quarter 2026 earnings guidance on Friday. The company provided earnings per share guidance of 1.770-1.830 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of $1.4 billion, compared to the consensus revenue estimate of $1.4 billion. TTM Technologies also updated its FY 2026 guidance to 4.970-5.030 EPS.

TTM Technologies Stock Up 8.4%

Shares of NASDAQ:TTMI traded up $6.22 during midday trading on Friday, hitting $80.11. 8,561,403 shares of the stock were exchanged, compared to its average volume of 3,762,879. The company has a market capitalization of $8.44 billion, a PE ratio of 31.92 and a beta of 2.14. TTM Technologies has a 52-week low of $55.44 and a 52-week high of $223.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.54 and a current ratio of 1.67. The business’s fifty day simple moving average is $117.07 and its two-hundred day simple moving average is $141.70.

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, beating the consensus estimate of $1.25 by $0.21. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The company’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. As a group, research analysts predict that TTM Technologies will post 4.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of recent analyst reports. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research 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 for the company in a report on Friday. Finally, Truist Financial lowered their target price on shares of TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Insider Activity

In related news, CEO Edwin Roks acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $111.77 per share, with a total value of $1,117,700.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Dale Knecht sold 26,198 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the transaction, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

Key TTM Technologies News

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

• Positive Sentiment: Record results exceeded expectations. Third-quarter revenue rose 59.9% year over year to $1.20 billion, while non-GAAP EPS of $1.46 topped the $1.25 consensus. Adjusted EBITDA reached a record $242.3 million, with the margin expanding to 20.1%. AI-driven data-center demand and aerospace and defense spending were key growth drivers. TTMI Q3 Earnings & Revenues Surpass Estimates, Both Surge Year over Year
• Positive Sentiment: Management raised its outlook. TTM now expects 2026 revenue of $4.47 billion to $4.49 billion and non-GAAP EPS of $4.97 to $5.03, above consensus. Fourth-quarter EPS guidance of $1.77 to $1.83 also exceeds estimates, while preliminary 2027 guidance calls for $6.5 billion to $6.75 billion in revenue and $8.10 to $8.90 in EPS. TTM Technologies Reports Third Quarter 2026 Results
• Neutral Sentiment: Growth visibility is improving, but execution remains important. Data Center and Networking accounted for 41% of sales, total book-to-bill was 2.13, and aerospace and defense backlog reached $2 billion. However, planned acquisitions—including the $650 million Ophir Optics deal—will require additional borrowing and are not included in current guidance. TTM Technologies Reports Record Sales and Raises Outlook
• Negative Sentiment: Debt and operational risks are weighing on the shares. Investors focused on higher financing costs and leverage following recent acquisitions, as well as reports of material wait times of up to 24 weeks and delays affecting data-center programs. Needham and Stifel lowered their price targets despite retaining favorable ratings. Why Is TTM Technologies Stock Gaining Friday?
• Negative Sentiment: Potential litigation adds uncertainty. Several law firms announced investigations into possible securities-law violations following the post-earnings selloff. These notices are allegations, not established findings, but they may increase headline and legal risk for investors. TTM Technologies Investigation Notice

TTM Technologies Company Profile

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.