TTMI's pivot toward RF&S and higher-complexity aerospace and defense work appears to be translating into structural margin improvement, with gross margin expanding 420 basis points from 19.4% in 2024Q2 to 23.6% in 2026Q3 and operating margin climbing from 6.4% to 13.5% on meaningful operating leverage.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated from 10.7% in 2024Q2 to 59.9% in 2026Q3 with gross margin expanding 420 basis points to 23.6% and operating margin reaching 13.5%, though the acquisition-driven mix shift and SBC at 28.4% of quarterly net income suggest organic durability warrants scrutiny.
TTM Technologies is a top-five global PCB manufacturer and the largest in North America, with strong positioning in advanced technology solutions.
As the largest supplier of PCBs to the U.S. military, TTM benefits from stable defense contracts and mission-critical applications.
The company is shielded by favorable legislation, enhancing its competitive edge and supporting long-term growth in strategic markets.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 22, 2026 | $1.46+16.8% vs $1.25 | $1.2B+6.5% vs $1.1B |
Q3 2026 Aug 5, 2026 | $0.99+10.7% vs $0.89 | $1.0B+4.4% vs $962M |
Q2 2026 Apr 29, 2026 | $0.75+13.6% vs $0.66 | $846M+7.1% vs $790M |
Q1 2026 Feb 4, 2026 | $0.70+2.9% vs $0.68 | $774M+2.8% vs $753M |
TTM Technologies' Q3 earnings highlight surging AI-driven PCB demand, capacity expansion and defense growth on stronger revenue and margin targets in 2027.
TTM (TTMI) could produce exceptional returns because of its solid growth attributes.
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TTMI is the focus, with analysis centered on iTTM Technologies (TTMI) is rated Buy, driven by robust growth in AI boards and defense backlog, withts current positioning and outlook. N+M technology adoption in data centers is accelerating, expected to reach 50% of TTMI's Data Center and Networking business by 2027, supporting higher margins. Aerospace and Defense backlog reached $2 billion with a 1.6x book-to-bill, providing strong revenue visibility and supporting capacity expansion.
Benchmark TTMI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for TTM Technologies, Inc. (TTMI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $66.51 | $6.91B | 26.68 | 18.98% | 7.01% | 14.18% | — | |
| $171.23 | $7.24B | 22.57 | 12.11% | 18.38% | 35.94% | 0.74% | |
| $37.19 | $2.27B | 93.61 | -7.39% | 3.62% | 2.92% | — | |
| $13.58 | $672.94M | 5.38 | 5.51% | 32.9% | 12.93% | 0.01% | |
| $74.59 | $183.94B | 32.42 | 51.71% | 17.98% | 39.3% | 0.42% | |
| $57.87 | $1.65B | 22.66 | 5.16% | 12.93% | 13.02% | 0.28% |
TTM Technologies, Inc. (TTMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
TTM Technologies, Inc. (TTMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Oct 22, 2026·SEC
Oct 19, 2026·SEC
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TTM Technologies, Inc. (TTMI) stock FAQ — growth, dividends, profitability & financials explained
TTM Technologies, Inc. (TTMI) reported $3.83B in revenue over the trailing twelve months. Revenue was $2.91B in fiscal year 2025. That is 2630% more than the $106.4M of fiscal year 1999.
TTM Technologies, Inc. (TTMI) grew revenue by 37.6% over the trailing twelve months, compared with the twelve months before.
Yes. TTM Technologies, Inc. (TTMI) earned $268.5M in net income over the trailing twelve months (a 7.0% net margin).
TTM Technologies, Inc. (TTMI) had a return on equity (ROE) of 14.2% over the trailing twelve months. That is in line with the market's typical 10-15%.
TTM Technologies, Inc. (TTMI) generated $14.8M in free cash flow over the trailing twelve months.
