TTM Technologies, Inc. (TTMI)

TTM Technologies' stock (TTMI) has experienced significant movement in the past six months. As of January 28, 2026, the share price was $97.99, marking a substantial increase of 303.92% from $24.26 on January 29, 2025. On February 4, 2026, TTM Technologies reported its fourth-quarter and fiscal year 2025 earnings, surpassing analyst expectations, however, the stock declined by over 10% in aftermarket trading. The company's strong performance was driven by significant growth in data center, networking, and aerospace and defense markets. Management reaffirmed long-term goals to grow revenues by 15-20% annually and double earnings from 2025 to 2027.

TTM Technologies' demand is influenced by the cyclical nature of the technology hardware industry, but its focus on high-reliability, long-lifecycle markets provides a stable revenue stream. Demand for TTM's products has seen significant growth driven by generative AI, with data center computing and networking segments experiencing substantial increases. The medical and industrial instrumentation markets are also recovering, while the automotive market remains challenging. The company's strong book-to-bill ratio of 1.35 in Q4 2025 indicates robust demand, with approximately 80% of TTM's net sales related to the megatrends of AI and defense.

TTM Technologies, Inc. is a global electronics manufacturer specializing in advanced technology solutions, focusing on printed circuit boards (PCBs) and radio frequency (RF) components. The company's business model centers on high-mix, low-to-moderate volume production of technologically advanced products for high-reliability, long-lifecycle markets. Its major products include advanced PCBs, high-frequency circuits, specialized substrates, mission systems, RF components, and radar systems, catering to diverse sectors including telecommunications, aerospace and defense, automotive, industrial, medical, data center computing, and networking.

TTM Technologies operates approximately 24 manufacturing facilities across North America and Asia, employing about 15,800 people as of 2023. Approximately half of its revenue is derived domestically in the United States. PCB facilities are located in multiple states including Wisconsin, North Carolina, New York, Oregon, Colorado, Utah, Ohio, New Hampshire, California and Connecticut. TTM also has RF&S facilities in Syracuse, New York. Internationally, the company has facilities in Toronto, Canada; Penang, Malaysia; and several locations in China. TTM is strategically expanding its U.S. manufacturing footprint, including a new advanced technology PCB facility in Syracuse, New York, to support defense and high-end commercial customers.

TTM Technologies has maintained a strong brand reputation, particularly within its specialized markets. The company is recognized as one of the top five PCB manufacturers globally and the largest in North America, as well as the largest supplier of PCBs to the U.S. military. Recent events that have positively impacted TTM's reputation include consistently exceeding EPS forecasts and surpassing revenue expectations. The company's strong Q4 2025 performance further solidifies its reputation for financial strength and operational execution. TTM's strategic investments in capacity expansion demonstrate its commitment to innovation and meeting market demand.

TTM Technologies, Inc. (TTMI) has a significant institutional ownership. 707 institutional owners and shareholders hold a total of 128,961,136 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, iShares Core S&P Small-Cap ETF (IJR), Dimensional Fund Advisors Lp, Invesco Ltd., State Street Corp, and Fmr Llc. Vanguard Group Inc. is noted as owning the most shares of TTM Technologies. Institutional ownership accounts for approximately 83.55% of the company's shares, while individual investors hold about 2.48% of the shares.