TTM Technologies
Builds advanced circuit boards, RF electronics, and mission systems for defense and commercial markets.
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Profile
Manufactures advanced circuit boards and substrates, RF and microwave electronics, and integrated mission systems for defense and commercial customers. Revenue spans aerospace and defense, data center and networking, automotive, medical, industrial, and instrumentation markets, with domestic defense production and Asian commercial volume capacity.
Builds advanced printed circuit boards and substrates, RF and microwave components and assemblies, microelectronics, and integrated mission systems. The Aerospace & Defense segment supplies customer-designed boards, radar, communications, surveillance, and other mission electronics; the Commercial segment fabricates boards for data-center and networking, automotive, medical, industrial, and instrumentation customers.
Pairs quick-turn engineering and prototyping with volume production across specialized plants in North America and Asia. Data center and networking now rivals aerospace and defense as a core end market, while commercial volume production remains concentrated in China and Malaysia. Defense work requires facility clearances and compliance with national-security and export-control rules, and some complex assemblies rely on customer-approved components with limited or sole sources.
Company facts
Categories
Key statistics
Year to date +68.0% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| May 28, 2026 | Truist Financial | Target | $180 | $215 | |
| May 28, 2026 | Stifel Nicolaus | Target | $135 | $205 | |
| May 28, 2026 | Needham | Reiterate | Buy | $160 | $208 |
| Apr 30, 2026 | Truist Financial | Target | $113 | $180 | |
| Apr 30, 2026 | Needham | Reiterate | Buy | $125 | $160 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.89 | $0.99 | +10.7% | $962.0M | $1.00B | +4.4% | +3.89% |
| Apr 29, 2026Q1 FY26 | $0.66 | $0.75 | +13.6% | $789.8M | $846.0M | +7.1% | +15.07% |
| Feb 4, 2026Q4 FY25 | $0.68 | $0.70 | +2.9% | $752.9M | $774.3M | +2.8% | −3.78% |
| Oct 29, 2025Q3 FY25 | $0.61 | $0.67 | +9.8% | $753.0M | $752.7M | 0.0% | −2.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $648.7M | $730.6M | $752.7M | $774.3M | $846.0M | $1.00B | |
| Gross profit | $131.0M | $148.1M | $156.7M | $154.9M | $175.8M | $211.9M | |
| Operating income | $50.3M | $61.8M | $71.9M | $76.9M | $74.2M | $109.1M | |
| Net income | $32.2M | $41.5M | $53.1M | $50.7M | $50.0M | $83.0M | |
| Diluted EPS | $0.31 | $0.40 | $0.50 | $0.48 | $0.47 | $0.77 | |
| Gross margin | 20.2% | 20.3% | 20.8% | 20.0% | 20.8% | 21.1% | |
| Operating margin | 7.7% | 8.5% | 9.6% | 9.9% | 8.8% | 10.9% |
Fiscal years (4-quarter sums)FY21 $2.25B · FY22 $2.50B · FY23 $2.23B · FY24 $2.44B · FY25 $2.91B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 29, 2026Cash & short-term investments $507.9M · Total debt $1.08B · Total assets $4.42B · Shareholders' equity $1.93B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 103.85M · Float 102.21M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.98M | 10.57% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 5.64M | 5.43% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 4.68M | 4.51% | 13F | Aug 13, 2026 |
| Whale Rock Capital Management LLC | 4.23M | 4.07% | 13F | Aug 14, 2026 |
| Invesco Ltd. | 4.18M | 4.03% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Edwin Roks | director, officer: President and CEO | +10,000 | $111.77 |
| Aug 24, 2026 | Rex D. Geveden | director | +5,000 | $104.90 |
| Aug 10, 2026 | Dale Martin Knecht | officer: SVP Information Technology | −26,198 | $142.00 |
| Jun 25, 2026 | Robert P. Farrell | officer: President C&C | −1,304 | $208.92 |
| Jun 25, 2026 | Catherine A. Gridley | officer: EVP, A&D Sector President | −3,056 | $208.94 |
Peers
- Mercury Systems
Closest US rival in defense RF, microwave subsystems, and mission processing.
- Sanmina
High-reliability PCB and EMS across A&D, data center, and medical.
- ATS (ADR)
Europe's leading PCB and IC substrate maker: A&D, automotive, and medical.
- Crane
Crane Aerospace & Electronics: RF/microwave components and aerospace sensing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TTM Technologies | $118.49 | −0.13% | $12.32B | 53.4 | 18.9 | 3.6 | +37.4% |
| Mercury Systems | $88.54 | +0.04% | $5.32B | — | 57.8 | 5.4 | +37.1% |
| Sanmina | $194.01 | +0.01% | $10.40B | 34.7 | 15.4 | 0.8 | +69.7% |
| ATS (ADR) | $19.21 | −0.03% | $1.88B | 56.0 | 21.7 | 0.9 | −9.7% |
| Crane | $207.00 | −0.01% | $11.95B | 36.1 | 28.4 | 4.6 | +25.6% |
| Median | 36.1 | 25.1 | 2.7 | +31.3% |